Zacks Small/Mid Cap ETF
$41.20−0.28 (−0.68%)
- Expense ratio
- 0.60%
- Fund size
- $274M
- 1Y return
- +10.6%
- Yield · Last 12 months
- 0.55%
- Volume · 30D
- 0M sh
- NAV per share
- $41.36
- 52W range
The ETF.net SMIZ Grade
Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 44Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 61Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 34Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 70Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 78Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 68Category rank
Our read on SMIZ
CZacks made its name ranking stocks for other people. SMIZ is the research shop running the money itself: an actively managed portfolio of small and midsize US companies, measured against the whole Russell 3000.
The Fund seeks positive risk-adjusted returns through investments in equity securities of small and midsize U.S. companies and related derivatives.
Why people hold it
- Active, not indexed. Managers pick small and midsize US companies, with related derivatives available, aiming for positive risk-adjusted returns.
- The portfolio is the strongest part of the package, rating well above the typical fund in a crowded active US equity field on holdings quality.
- Ordinary 1940 Act ETF plumbing: US stocks, standard fund taxation, no partnership paperwork or structural leverage baked into the wrapper.
Worth knowing
- 0.87% a year is above the going rate for active US stock funds and many times what index rivals charge, like DFAU at 0.12%.
- Thinly traded next to the giants of its category, so bid-ask spreads can widen and limit orders carry more weight than they would in a mega-fund.
- Launched in 2023 and benchmarked to the broad Russell 3000 rather than a small/mid index, so size-matched comparisons take extra homework.
SMIZ Holdings
- Stocks
- —
- 13%
- BBH SWEEP VEHICLE
Sectors
- Technology24.1%
- Industrials20.5%
- Financials19.9%
- Health Care10.8%
- Consumer Discr.7.1%
- Materials5.0%
- Real Estate3.8%
- Cons. Staples3.2%
- Energy3.0%
- Utilities2.3%
- Communication0.5%
Geography
- United States97.28%
- Bermuda0.77%
- United Kingdom0.67%
- France0.40%
- Switzerland0.36%
- Cayman Islands0.32%
- Finland0.21%
SMIZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | SMIZ |
|---|---|
| Year to date | +12.1% |
| 1 month | −2.7% |
| 3 months | −6.1% |
| 1 year | +10.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SMIZ |
|---|---|---|
| 2026 YTD | +12.1% | |
| 2025 | +12.2% | |
| 2024 | +17.9% | |
| 2023 | +16.4% |
SMIZ in the news
ETF.net Research hasn’t filed on SMIZ yet — coverage lands here as it’s written.
SMIZ Dividends
- 0.55%
- $0.23
- $0.23 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 29, 2025 | Jan 2, 2026 | $0.23 |
| Dec 27, 2024 | Jan 3, 2025 | $0.52 |
| Dec 22, 2023 | Dec 28, 2023 | $0.02 |
SMIZ Risk
- 17.5%
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.
- 1.02
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.
- −25.0%
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.
- 1.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SMIZ Cost
- The middle half of US Active Small/Mid-Cap funds
- Median 0.55%
26 of the 47 US Active Small/Mid-Cap funds charge less.