^SML vs. SMLF
Compare and contrast key facts about S&P Small-Cap 600 Index (^SML) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF).
SMLF is a passively managed fund by iShares that tracks the performance of the MSCI USA Small Cap Diversified Multi-Factor. It was launched on Apr 28, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SML or SMLF.
Correlation
The correlation between ^SML and SMLF is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^SML vs. SMLF - Performance Comparison
Key characteristics
^SML:
-0.16
SMLF:
0.21
^SML:
-0.08
SMLF:
0.42
^SML:
0.99
SMLF:
1.05
^SML:
-0.14
SMLF:
0.16
^SML:
-0.42
SMLF:
0.50
^SML:
9.76%
SMLF:
8.39%
^SML:
23.77%
SMLF:
23.60%
^SML:
-59.17%
SMLF:
-41.89%
^SML:
-18.17%
SMLF:
-13.52%
Returns By Period
In the year-to-date period, ^SML achieves a -10.24% return, which is significantly lower than SMLF's -5.43% return. Over the past 10 years, ^SML has underperformed SMLF with an annualized return of 5.93%, while SMLF has yielded a comparatively higher 9.70% annualized return.
^SML
-10.24%
14.27%
-15.74%
-3.86%
10.42%
5.93%
SMLF
-5.43%
17.30%
-9.73%
4.83%
15.21%
9.70%
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Risk-Adjusted Performance
^SML vs. SMLF — Risk-Adjusted Performance Rank
^SML
SMLF
^SML vs. SMLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Small-Cap 600 Index (^SML) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^SML vs. SMLF - Drawdown Comparison
The maximum ^SML drawdown since its inception was -59.17%, which is greater than SMLF's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for ^SML and SMLF. For additional features, visit the drawdowns tool.
Volatility
^SML vs. SMLF - Volatility Comparison
The current volatility for S&P Small-Cap 600 Index (^SML) is 11.05%, while iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a volatility of 11.67%. This indicates that ^SML experiences smaller price fluctuations and is considered to be less risky than SMLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.