iShares MSCI USA Small-Cap Min Vol Factor ETF
$45.50+0.10 (+0.21%)
- 0.20%
- $271M
- +9.5%
- 1.62%
- 0M sh
- $45.18
- low $41.67high $47.98
The ETF.net SMMV Grade
B
Score 59 out of 100
- 7 of 16
Score 59 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.C50 out of 100Rank 8 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A94 out of 100Rank 2 of 16Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 8 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D25 out of 100Rank 14 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A77 out of 100Rank 4 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B59 out of 100Rank 8 of 16
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
- 359
- 8%
- JAZZ
Geography
- United States92.01%
- Bermuda3.02%
- Ireland2.19%
- Canada2.16%
- Cayman Islands0.42%
- United Kingdom0.20%
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$10,946
Returns run to the Oct 12, 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 | −2.0% |
| 3 months | −1.7% |
| 1 year | +9.5% |
| 3 years | +13.4% |
| 5 years | +5.6% |
| 10 years | +8.4% |
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
SMMV Risk
- 11.5%
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.
- 0.69
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.
Other funds in US Low Volatility Index
- BONEVState Street SPDR Russell 1000 Low Volatility Focus ETFExpense ratio 0.20%1 year return +12.0%
- BFDLOFidelity Low Volatility Factor ETF Expense ratio 0.15%1 year return +14.9%
- BSPLVInvesco S&P 500 Low Volatility ETFExpense ratio 0.25%1 year return +2.8%
- BVFMVVanguard U.S. Minimum Volatility ETFExpense ratio 0.13%1 year return +15.7%
- CCFAVictoryShares US 500 Volatility Wtd ETFExpense ratio 0.39%1 year return +12.0%