iShares MSCI USA Small-Cap Min Vol Factor ETF
$45.10−0.27 (−0.61%)
- Expense ratio
- 0.20%
- Fund size
- $278M
- 1Y return
- +8.2%
- Yield · Last 12 months
- 1.62%
- Holdings
- 361
- Volume · 30D
- 0M sh
- NAV per share
- $45.49
- 52W range
The ETF.net SMMV Grade
Score 58 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.CScore 50Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 94Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 41Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 21Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 75Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 59Category rank
Our read on SMMV
BBlackRock's minimum-volatility playbook aimed at the jumpiest corner of the US market. Instead of picking the calmest stocks one by one, SMMV tracks an index that optimizes an entire small-cap portfolio for the lowest expected risk.
The fund seeks to track a small-cap U.S. equity index designed around lower-volatility characteristics.
Why people hold it
- MSCI takes its US small-cap universe and optimizes the whole basket for lowest absolute risk within set constraints. Correlations count, not just single-stock jumpiness.msci.com
- It hugs that index tightly. Whatever the strategy delivers, you get the strategy, not a manager's improvisation.
- About 400 names, and the 0.20% fee sits right at the median for the US low-volatility funds we grade.
- Sits in the upper half of its low-volatility peer group, most of which fish in large caps rather than small.
Worth knowing
- Thinly traded. Spreads can run wider than the headline fee suggests, and bigger orders need more care.
- Minimum volatility is not zero volatility. iShares notes there is no guarantee the strategy succeeds, and small caps can be more volatile and less liquid.ishares.com
- Cheaper low-vol shelves exist: QLV charges 0.09% and LGLV 0.12%, while the large-cap sibling USMV runs 0.15%.
SMMV Holdings
- Stocks
- 361
- 8%
- UNF
Sectors
- Health Care17.5%
- Industrials13.0%
- Financials12.0%
- Real Estate11.9%
- Technology10.8%
- Cons. Staples8.4%
- Utilities7.3%
- Energy6.8%
- Communication5.3%
- Consumer Discr.5.1%
- Materials2.0%
Geography
- United States93.22%
- Bermuda3.28%
- Ireland1.42%
- Canada1.42%
- Cayman Islands0.44%
- United Kingdom0.22%
SMMV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SMMV$10,816
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 | SMMV |
|---|---|
| Year to date | +6.1% |
| 1 month | −4.4% |
| 3 months | +3.1% |
| 1 year | +8.2% |
| 3 years | +12.9% |
| 5 years | +5.8% |
| 10 years | +8.0% |
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 | SMMV |
|---|---|---|
| 2026 YTD | +6.1% | |
| 2025 | +6.4% | |
| 2024 | +18.3% | |
| 2023 | +5.1% | |
| 2022 | −10.0% | |
| 2021 | +16.6% | |
| 2020 | −2.9% |
SMMV in the news
SMMV Dividends
- 1.62%
- $0.74
- $0.18 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 15, 2026 | Sep 18, 2026 | $0.18 |
| Jun 15, 2026 | Jun 18, 2026 | $0.18 |
| Mar 17, 2026 | Mar 20, 2026 | $0.21 |
| Dec 16, 2025 | Dec 19, 2025 | $0.16 |
| Sep 16, 2025 | Sep 19, 2025 | $0.23 |
| Jun 16, 2025 | Jun 20, 2025 | $0.17 |
| Mar 18, 2025 | Mar 21, 2025 | $0.21 |
| Dec 17, 2024 | Dec 20, 2024 | $0.25 |
| Sep 25, 2024 | Sep 30, 2024 | $0.26 |
| Jun 11, 2024 | Jun 17, 2024 | $0.10 |
| Mar 21, 2024 | Mar 27, 2024 | $0.12 |
| Dec 20, 2023 | Dec 27, 2023 | $0.17 |
SMMV Risk
- 11.2%
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.
- −18.0%
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.
- 0.50
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SMMV Cost
0.20%
SMMV0.20%
- The middle half of US Low Volatility Index funds
- Median 0.20%
7 of the 16 US Low Volatility Index funds charge less.