NBSMvsSMMDETF Comparison
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Neuberger Berman Small-Mid Cap ETF (NBSM) and iShares Russell 2500 ETF (SMMD) belong to the same industry segment: US Multi-Factor. NBSM's top 3 sector exposures are Finance, Industrials and Non-Energy Materials. In contrast, SMMD's top sector exposures are Finance, Healthcare and Industrials. NBSM is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.23% for SMMD. NBSM is up 10.94% year-to-date (YTD) with -$110M in YTD flows. SMMD performs better with 17.76% YTD performance, and +$1.49B in YTD flows. Run a side-by-side ETF comparison of NBSM and SMMD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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NBSM vs SMMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBSM SMMD | -4.85%-5.53% | +3.50%-0.93% | +10.94%+17.76% | +9.77%+20.71% | n/a+62.70% | n/a+44.36% |
| Flows | NBSM SMMD | -$709K+$470M | -$64M+$690M | -$110M+$1.49B | -$92M+$1.95B | -+$2.57B | -+$3.06B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBSM SMMD | +12.70%+13.26% | +14.23%+17.48% | n/a+19.37% | n/a+20.96% |
| Max drawdown | NBSM SMMD | -5.39%-6.52% | -10.22%-9.48% | n/a-25.55% | n/a-28.20% |
| Max drawdown duration | NBSM SMMD | 32d32d | 126d43d | n/a283d | n/a980d |
Trading data
NBSM | SMMD | |
Last sale 9/18/2026 at 1:30 PM | $27.81 | $86.97 |
| Previous close 09/17/2026 | $27.97 | $87.43 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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NBSM
is actively managed and doesn’t replicate an indexNBSM | SMMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
NBSM | SMMD | |
|---|---|---|
| Last price | $27.81 | $86.97 |
| 1D performance | -0.56% | -0.53% |
| AuM | $109.68 M | $4.10 B |
| E/R | 0.75% | 0.23% |
Characteristics
NBSM | SMMD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Neuberger Berman | iShares |
| Benchmark | - | Russell 2500 Index |
| N° of holdings | 77 | 2449 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 21, 2024 | July 6, 2017 |
| ESG | Yes | No |
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Exposure
Countries
NBSM
USA
95.17%
Other
4.83%
SMMD
USA
95.29%
Other
4.71%
Sectors
NBSM
Finance
22.69%
Industrials
18.49%
Non-Energy Materi.
10.16%
Technology
9.97%
Healthcare
9.48%
Other
29.21%
SMMD
Finance
25.19%
Healthcare
14.82%
Industrials
14.07%
Technology
12.73%
Non-Energy Materi.
8.03%
Other
25.16%
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Diversification
NBSM
Total weight of top 15 holdings out of 15
29.46%
SMMD
Total weight of top 15 holdings out of 15
4.49%
Top 15 holdings
Data as of July 31, 2026
NBSM
AptarGroup, Inc.
2.25%
Revvity, Inc.
2.24%
Gates Industrial Corp. Ltd.
2.19%
Haemonetics Corp.
2.19%
Kirby Corp.
2.07%
UMB Financial Corp.
2.06%
Community Financial System, Inc.
1.99%
White Mountains Insurance Group Ltd.
1.93%
UGI Corp.
1.85%
Stewart Information Services Corp.
1.81%
Prosperity Bancshares, Inc.
1.80%
Littelfuse, Inc.
1.80%
Jack Henry & Associates, Inc.
1.80%
Tidewater, Inc.
1.77%
CNX Resources Corp.
1.72%
SMMD
ATI, Inc.
0.34%
BlackRock Cash Funds - Treasury
0.33%
Carpenter Technology Corp.
0.33%
nVent Electric Plc
0.32%
US Foods Holding Corp.
0.30%
F5, Inc.
0.30%
Packaging Corporation of America
0.29%
NiSource, Inc.
0.29%
Tenet Healthcare Corp.
0.29%
Woodward, Inc.
0.29%
SoFi Technologies, Inc.
0.28%
Snap-On, Inc.
0.28%
Viatris, Inc.
0.28%
Affirm Holdings, Inc.
0.28%
Reliance, Inc.
0.28%
Frequently asked questions about NBSM and SMMD
How have the NBSM and SMMD ETFs performed in 2026?
As of September 17, 2026, NBSM is up 10.94% year-to-date (YTD), while SMMD has returned 17.76%. That puts SMMD better performer ahead so far this year.
Which ETF is attracting more investor money: NBSM or SMMD?
Year-to-date, the NBSM ETF saw -$110M in flows, compared to +$1.49B for SMMD.
Which ETF is more volatile: NBSM or SMMD?
Over the past year, NBSM had a volatility of 14.23%, while SMMD experienced 17.48%.
Which ETF is bigger: NBSM or SMMD?
As of September 17, 2026, NBSM holds $109.68 M in assets under management (AUM), while SMMD manages $4.10 B.
What sectors do the NBSM and SMMD ETFs invest in?
NBSM leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, SMMD focuses on Finance, Healthcare and Industrials.
What are the top holdings of the NBSM ETF and SMMD ETF?
NBSM top holdings include AptarGroup, Inc., Revvity, Inc. and Gates Industrial Corp. Ltd.. SMMD holds in its top three: ATI, Inc., BlackRock Cash Funds - Treasury and Carpenter Technology Corp..
Which ETF is more diversified: NBSM or SMMD?
NBSM holds 77 securities with 29.46% of its assets in the top 15. SMMD has 2468 securities and a top 15 weight of 4.49%.
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