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Launched · SEC filings

iShares Russell 2500 ETF

SMMDCboeiSharesA

$86.78+0.23 (+0.27%)

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

A69/ 100

Rank 6 of 17 in US Small-Cap

A69/100Rank 6 of 17inUS Small-Cap
Intraday session: up, 78 prints from 86.55 to 86.78. Range 86.78 to 87.77. Use the arrow keys to read each point.87.0087.2587.5087.7510 AM12 PM2 PM4 PM
Expense ratio
0.15%*
Fund size
$4.18B
1Y total return
+18.1%
Yield · Last 12 months
1.15%
Holdings
2484
Avg volume · 30D
324K sh
52W range
low $69.94high $93.42
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Jul 31, 2027. Without it: 0.23%.

The ETF.net SMMD Grade

A

Score 69 out of 100

Category
US Small-Cap⁠
Rank
6 of 17
Six-pillar profile for SMMD. Scores out of 100: Cost 56, Risk 60, Mission 100, Tradability 53, Holdings 80, Durability 58. Strongest: Mission (100). Weakest: Tradability (53). Leans toward Mission.

Score 69 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. The letter stays A for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B56 out of 100
    Rank 8 of 17

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 16

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B60 out of 100
    Rank 10 of 17

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C53 out of 100
    Rank 8 of 17

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A80 out of 100
    Rank 3 of 17

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 8 of 17

Our read on SMMD

ETF.net Research

In short

AMost small-cap funds stop at the Russell 2000. SMMD keeps going, tracking the Russell 2500: that index plus the 500 smallest mid-caps from the Russell 1000. The whole small-to-mid band in one ticker.

Stated mandate

The fund tracks the Russell 2500 Index, an index representing small- to mid-capitalization U.S. equities.

Why people hold it

  • The Russell 2500 is the Russell 2000 plus the 500 smallest mid-caps from the Russell 1000, so you get the small-to-mid handoff without stitching two funds together.lseg.com
  • Plain index beta: cap-weighted, reconstituted annually by FTSE Russell, no screens or factor tilts. One mandate since the 2017 launch, and what it holds matches what it says.lseg.com
  • 0.15% net of a waiver through July 31, 2027 (0.23% gross), which sits near the category median rather than at the premium end.
  • A multi-billion-dollar iShares fund that pays quarterly, so this is a long-standing shelf product rather than a thin niche launch.

Worth knowing

  • Cost is the trade-off: the cheapest small-cap index peers charge far less (SCHA and VB at 0.03%), and the fee steps up toward 0.23% if the waiver lapses after July 31, 2027.
  • Not a pure small-cap sleeve. Those 500 mid-caps overlap with any mid-cap fund you already own, so the two can double up.lseg.com
  • Moderately traded rather than one of the category's volume giants, which can show up as wider spreads on larger orders.

SMMD Holdings

Holdings pillarA80 out of 100Rank 3 of 17 in US Small-Cap
Asset class
Stocks
Holdings
2,484
Top-10 weight
3%
Largest holding
GH0.3%

Sectors

  • Industrials18.1%
  • Financials16.5%
  • Health Care15.6%
  • Technology14.1%
  • Consumer Discretionary10.0%
  • Real Estate6.8%
  • Materials5.0%
  • Energy5.0%
  • Consumer Staples3.4%
  • Utilities2.9%
  • Communication2.6%

Geography

  • United States98.33%
  • United Kingdom0.64%
  • Brazil0.34%
  • Australia0.14%
  • Canada0.12%
  • Switzerland0.12%
  • India0.08%
  • Finland0.07%
  • Other countries (7)0.15%
The fund’s holdings, weight-ordered — page 1 of 166.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1GHGuardant Health0.32%75,423$13.5M183
2USFDUs Foods Holding0.32%128,360$13.3M194
3ATIAti0.31%79,229$13.1M223
4PKGPackaging Corp of America0.31%50,799$13M297
5RSReliance Steel & Aluminum0.31%29,819$13M239
6VTRSViatris0.31%680,161$13M276
7THCTenet Healthcare Corp0.31%46,728$12.8M228
8NINisource0.30%280,125$12.5M280
9SOFISofi Technologies0.30%741,431$12.4M163
10AFRMAffirm Holdings Class A0.29%163,967$12M172
11PRPermian Resources Class A0.29%462,365$12M217
12ROKURoku Class A0.28%76,688$11.9M155
13NVTNvent Electric PLC0.28%94,354$11.9M253
14SWKSSkyworks Solutions0.28%134,067$11.7M279
15OVVOvintiv0.28%160,917$11.7M198

Showing 1–15 of 2484 holdings

SMMD Performance

Launched Jul 6, 2017

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.
SMMD$11,806
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SMMD $11,806. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 SMMD. Periods over one year show the average yearly return.
PeriodSMMD
Year to date+16.4%
1 month+1.2%
3 months−2.5%
1 year+18.1%
3 yearsper year+20.7%
5 yearsper year+6.7%
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 SMMD
YearReturn barSMMD
2026 YTD+16.4%
2025+11.7%
2024+11.9%
2023+17.7%
2022−18.5%
2021+18.3%
2020+20.0%

SMMD in the news

SMMD 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 Oct 30, 2026.
1.15%Last 12 months
Payout per share
$1.00Last 12 months
Last payment
$0.28 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 38 payments from 2017 to 2026 YTD. Sep 26, 2017 $0.10; Dec 21, 2017 $0.19; Mar 22, 2018 $0.11; Jul 3, 2018 $0.17; Sep 26, 2018 $0.14; Dec 17, 2018 $0.52; Mar 20, 2019 $0.16; Jun 17, 2019 $0.15; Sep 24, 2019 $0.21; Dec 16, 2019 $0.17; Dec 30, 2019 $0.03; Mar 25, 2020 $0.17; Jun 15, 2020 $0.13; Sep 23, 2020 $0.20; Dec 14, 2020 $0.25; Mar 25, 2021 $0.16; Jun 10, 2021 $0.12; Sep 24, 2021 $0.25; Dec 13, 2021 $0.22; Mar 24, 2022 $0.16; Jun 9, 2022 $0.17; Sep 26, 2022 $0.41; Dec 13, 2022 $0.22; Mar 23, 2023 $0.19; Jun 7, 2023 $0.17; Sep 26, 2023 $0.28; Dec 20, 2023 $0.25; Mar 21, 2024 $0.16; Jun 11, 2024 $0.18; Sep 25, 2024 $0.24; Dec 17, 2024 $0.28; Mar 18, 2025 $0.19; Jun 16, 2025 $0.22; Sep 16, 2025 $0.25; Dec 16, 2025 $0.30; Mar 17, 2026 $0.16; Jun 15, 2026 $0.24; Sep 15, 2026 $0.28. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 15, 2026Sep 18, 2026$0.28
Jun 15, 2026Jun 18, 2026$0.24
Mar 17, 2026Mar 20, 2026$0.16
Dec 16, 2025Dec 19, 2025$0.30
Sep 16, 2025Sep 19, 2025$0.25
Jun 16, 2025Jun 20, 2025$0.22
Mar 18, 2025Mar 21, 2025$0.19
Dec 17, 2024Dec 20, 2024$0.28
Sep 25, 2024Sep 30, 2024$0.24
Jun 11, 2024Jun 17, 2024$0.18
Mar 21, 2024Mar 27, 2024$0.16
Dec 20, 2023Dec 27, 2023$0.25

See all 38 payments⁠

$10,000 in SMMD 5 years ago paid $652 in dividends.⁠

SMMD Risk

Risk pillarB60 out of 100Rank 10 of 17 in US Small-Cap
How much the fund’s monthly returns vary, scaled to a year.
17.1%
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.
0.93
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.
−28.2%
Trough Sep 2022
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.
1.09
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.

SMMD Cost

Compare SMMD and VB

Overpaying vs VB, tied cheapest in US Small-Cap

$2,499

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

  • SMMD 0.15%

    $3,137

  • VB 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • SMMD 0.15%
  • VB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530SMMD $3,137VB $638

Year by year

YearSMMDVBOverpaying
10$274$55$219
20$1,071$216$855
30$3,137$638$2,499
How the 0.15% is worked out

Full fee 0.23%− waiver 0.08%= you pay 0.15%

The waiver ends Jul 31, 2027. After that the fee is 0.23% unless iShares renews it. Source: prospectus, Jul 2026.

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