State Street SPDR US Small Cap Low Volatility Index ETF
$152.06−0.98 (−0.64%)
- Expense ratio
- 0.12%
- Fund size
- $249M
- 1Y return
- +19.4%
- Yield · Last 12 months
- 2.37%
- Holdings
- 394
- Volume · 30D
- 0M sh
- NAV per share
- $152.58
- 52W range
The ETF.net SMLV Grade
Score 68 of 100 sits in the B 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.AScore 90Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 70Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 36Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 53Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 79Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 54Category rank
Our read on SMLV
BLow volatility is usually a large-cap game. SMLV runs the same calm-stocks screen down where the swings actually live: US small caps, roughly 400 of them, for 0.12% a year.
The fund's advertised mandate is exposure to U.S. small-capitalization companies selected for low volatility.
Why people hold it
- Costs 0.12% a year, under the 0.20% median for its low-volatility peer group.
- The low-vol shelf is stacked with large-cap mandates (USMV, LGLV, ONEV). This one applies the screen to US small caps instead.ssga.com
- Roughly 400 holdings, so no single small cap steers the fund. It has tracked its index through live markets since 2013.
- Sits in the upper half of its low-volatility cohort on our overall read.
Worth knowing
- Thinly traded next to the giants of the category, so the spread you pay at the point of trade matters more here.
- Low volatility is relative, not absolute. This is still small-cap equity, and it rides rougher than the large-cap min-vol funds it shares a shelf with.
- Distributions land quarterly, not monthly.
SMLV Holdings
- Stocks
- 394
- 6%
- SSI US GOV MONEY MARKET CLASS
Sectors
- Financials31.7%
- Industrials14.6%
- Technology11.9%
- Real Estate10.9%
- Health Care9.2%
- Consumer Discr.8.6%
- Materials3.4%
- Cons. Staples3.4%
- Utilities2.7%
- Communication2.2%
- Energy1.6%
Geography
- United States95.13%
- Bermuda1.28%
- Panama0.65%
- Puerto Rico0.61%
- Israel0.38%
- United Kingdom0.31%
- Canada0.29%
- Ireland0.28%
- 1.06%
SMLV 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 | SMLV |
|---|---|
| Year to date | +18.8% |
| 1 month | −3.5% |
| 3 months | +1.7% |
| 1 year | +19.4% |
| 3 years | +18.8% |
| 5 years | +9.6% |
| 10 years | +9.9% |
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 | SMLV |
|---|---|---|
| 2026 YTD | +18.8% | |
| 2025 | +5.6% | |
| 2024 | +16.8% | |
| 2023 | +7.6% | |
| 2022 | −7.7% | |
| 2021 | +27.7% | |
| 2020 | −1.5% |
SMLV in the news
ETF.net Research hasn’t filed on SMLV yet — coverage lands here as it’s written.
SMLV Dividends
- 2.37%
- $3.63
- $0.97 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 23, 2026 | $0.97 |
| Jun 22, 2026 | Jun 24, 2026 | $0.91 |
| Mar 23, 2026 | Mar 25, 2026 | $0.71 |
| Dec 22, 2025 | Dec 24, 2025 | $1.04 |
| Sep 22, 2025 | Sep 24, 2025 | $0.87 |
| Jun 23, 2025 | Jun 25, 2025 | $0.83 |
| Mar 24, 2025 | Mar 26, 2025 | $0.85 |
| Dec 20, 2024 | Dec 24, 2024 | $1.07 |
| Sep 20, 2024 | Sep 24, 2024 | $0.89 |
| Jun 21, 2024 | Jun 25, 2024 | $0.90 |
| Mar 15, 2024 | Mar 20, 2024 | $0.56 |
| Dec 15, 2023 | Dec 20, 2023 | $0.87 |
SMLV Risk
- 17.6%
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.
- 0.76
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.
- −20.4%
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.
- 0.78
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SMLV Cost
- The middle half of US Low Volatility Index funds
- Median 0.20%
1 of the 16 US Low Volatility Index funds charge less.