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Launched · SEC filings

Zacks Small/Mid Cap ETF

SMIZNYSE ArcaZacksB

$40.79−0.26 (−0.63%)

As of Nov 4, 2026, 12:04 PM ET

B56/ 100

Rank 16 of 47 in US Active Small/Mid-Cap

B56/100Rank 16 of 47inUS Active Small/Mid-Cap
Intraday session: down, 32 prints from 41.05 to 40.79. Range 40.56 to 41.57. Use the arrow keys to read each point.40.6041.2041.4041.6010 AM12 PM2 PM4 PM
Expense ratio
0.55%*
Fund size
$275M
1Y total return
+10.5%
Yield · Last 12 months
0.56%
Holdings
200
Avg volume · 30D
32.6K sh
52W range
low $35.14high $44.77
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Apr 1, 2027. Without it: 0.60%.

The ETF.net SMIZ Grade

B

Score 56 out of 100

Category
US Active Small/Mid-Cap⁠
Rank
16 of 47
Six-pillar profile for SMIZ. Scores out of 100: Cost 54, Risk 32, Mission 59, Tradability 64, Holdings 80, Durability 68. Strongest: Holdings (80). Weakest: Risk (32). Leans toward Holdings.

Score 56 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.
    C54 out of 100
    Rank 20 of 47

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B59 out of 100
    Rank 10 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D32 out of 100
    Rank 34 of 44

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B64 out of 100
    Rank 9 of 47

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A80 out of 100
    Rank 8 of 47

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B68 out of 100
    Rank 11 of 47

Our read on SMIZ

ETF.net Research

In short

BZacks built its name on tracking analyst earnings-estimate revisions. SMIZ is that research run as an active US small/mid blend: 150-250 names, rebalanced monthly, at 0.55% net of a waiver through April 1, 2027.

Stated mandate

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

  • The engine is Zacks' home turf: upward earnings estimate revisions, their size, how recent estimates land versus consensus, and the frequency of earnings surprises. Scored on Zacks data, rebalanced monthly.sec.gov
  • Genuinely blended, not small-cap wearing a smid label: the prospectus pins about 30%-70% of assets in each sleeve, so neither end of the size range quietly takes over the portfolio.sec.gov
  • Wide for a stock-picking fund: 150-250 positions, any economic sector, drawn from the Russell 2000 and Russell Midcap universes. One bad quarter at one holding stays a rounding error.sec.gov
  • Priced near the middle of the active small/mid pack: 0.55% net of a waiver through April 1, 2027, against a 0.60% gross ratio.

Worth knowing

  • You pay for the human and the model. Rules-based rivals in the same aisle run cheaper, including AVMC at 0.18% and JMEE at 0.35%, both without waivers propping up the number.
  • Thinly traded next to the category's heavyweights, so bid-ask spreads and order timing carry more weight here than with the big index smid funds.
  • Young by fund standards (listed in 2023), and distributions arrive annually or semiannually rather than on a monthly drip.

SMIZ Performance

Launched Oct 2, 2023

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.
SMIZ$11,049
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,158
Nov 3, 2025 to Nov 3, 2026. SMIZ $11,049. SPY $11,158. Use the arrow keys to read each point.$10,000$11,000$12,000Nov 2025May 2026Nov 2026

Nov 3, 2025 – Nov 3, 2026

Returns run to the Nov 3, 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 SMIZ. Periods over one year show the average yearly return.
PeriodSMIZ
Year to date+11.0%
1 month−2.1%
3 months−3.8%
1 year+10.5%
3 yearsper year+18.6%
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 SMIZ
YearReturn barSMIZ
2026 YTD+11.0%
2025+12.2%
2024+17.9%
2023+16.4%

History from Oct 3, 2023

SMIZ in the news

SMIZ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 3, 2026.
0.56%Last 12 months
Payout per share
$0.23Last 12 months
Last payment
$0.23 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 22, 2023 $0.02; Dec 27, 2024 $0.52; Dec 29, 2025 $0.23. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Jan 2, 2026$0.23
Dec 27, 2024Jan 3, 2025$0.52
Dec 22, 2023Dec 28, 2023$0.02

$10,000 in SMIZ 3 years ago paid $305 in dividends.

SMIZ Risk

Risk pillarD32 out of 100Rank 34 of 44 in US Active Small/Mid-Cap
How much the fund’s monthly returns vary, scaled to a year.
17.2%
Annualised · 36 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.
0.92
vs 3-month T-bills · 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.
−25.0%
37 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.
1.17
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.

SMIZ Cost

Compare SMIZ and AVMC

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

$7,155

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

  • SMIZ 0.55%

    $10,904

  • AVMC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • SMIZ 0.55%
  • AVMC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530SMIZ $10,904AVMC $3,749

Year by year

YearSMIZAVMCOverpaying
10$988$328$660
20$3,790$1,281$2,509
30$10,904$3,749$7,155
How the 0.55% is worked out

Full fee 0.60%− waiver 0.05%= you pay 0.55%

The waiver ends Apr 1, 2027. After that the fee is 0.60% unless Zacks renews it. Source: prospectus, Apr 2026.

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