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Launched

Intech S&P Small-Mid Cap Diversified Alpha ETF

SMDXNYSE ArcaB

$26.34+0.22 (+0.84%)

At close: Nov 2, 2026, 4:00 PM ET

B68/ 100

Rank 6 of 47 in US Active Small/Mid-Cap

B68/100Rank 6 of 47inUS Active Small/Mid-Cap
Intraday session: up, 61 prints from 26.12 to 26.34. Range 26.12 to 26.34. Use the arrow keys to read each point.26.1526.2026.2526.3010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$128M
1Y total return
+18.9%
Yield · Last 12 months
No data
Holdings
529
Avg volume · 30D
188 sh
52W range
low $21.42high $27.71
Launched

The ETF.net SMDX Grade

B

Score 68 out of 100

Category
US Active Small/Mid-Cap⁠
Rank
6 of 47
Six-pillar profile for SMDX. Scores out of 100: Cost 83, Risk 63, Mission 100, Tradability 38, Holdings 86, Durability 53. Strongest: Mission (100). Weakest: Tradability (38). Leans toward Mission.

Score 68 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A83 out of 100
    Rank 8 of 47

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B63 out of 100
    Rank 14 of 44

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D38 out of 100
    Rank 35 of 47

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A86 out of 100
    Rank 5 of 47

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C53 out of 100
    Rank 23 of 47

Our read on SMDX

ETF.net Research

In short

BActive small- and mid-cap investing at close to index-fund pricing: SMDX works off the S&P 1000 for about half the fee of the typical active US equity ETF. It launched in 2025, so the live record is still short.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  • 0.35% a year against a 0.65% median for active US equity ETFs: roughly half the usual toll for an actively managed sleeve.
  • The reference point is the S&P 1000, so the hunting ground is small and mid caps rather than the large-cap names most US core funds already hand you.
  • Lands in the upper half of a crowded active US equity peer group, with cost doing much of the heavy lifting.

Worth knowing

  • Thinly traded. Bid-ask spreads can cost more than the expense ratio on a given trade, especially in size.
  • Launched in February 2025. Risk readings rest on about a year of live data, which is thin ground for judging an active strategy.
  • JMEE, the other ETF built around the same S&P 1000 benchmark, charges 0.24%, so cheaper access to this slice exists.

SMDX Performance

Launched Feb 28, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
SMDX$11,886
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. SMDX $11,886. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SMDX. Periods over one year show the average yearly return.
PeriodSMDX
Year to date+15.2%
1 month+1.5%
3 months−0.9%
1 year+18.9%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SMDX
YearReturn barSMDX
2026 YTD+15.2%
2025+14.2%

Since listing, Feb 28, 2025

SMDX in the news

SMDX Dividends

Last payment
$0.14 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.14. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.14

$10,000 in SMDX 1 year ago paid $62.02 in dividends.

SMDX Risk

Risk pillarB63 out of 100Rank 14 of 44 in US Active Small/Mid-Cap
How much the fund’s monthly returns vary, scaled to a year.
12.8%
Annualised · 20 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.01
vs 3-month T-bills · 20 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−14.5%
20 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.71
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SMDX Cost

Compare SMDX and AVMC

Overpaying vs AVMC, cheapest in US Active Small/Mid-Cap

$3,377

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SMDX 0.35%

    $7,126

  • AVMC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • SMDX 0.35%
  • AVMC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530SMDX $7,126AVMC $3,749

Year by year

YearSMDXAVMCOverpaying
10$634$328$306
20$2,454$1,281$1,173
30$7,126$3,749$3,377

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