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SMLFvsSMMDETF Comparison

ETF 1

SMLF

iShares U.S. Small-Cap Equity Factor ETF

This fund is part of

US Multi-Factor

-0.5%

Full SMLF fund page

VS

ETF 2

SMMD

iShares Russell 2500 ETF

This fund is part of

US Multi-Factor

-0.5%

Full SMMD fund page

iShares U.S. Small-Cap Equity Factor ETF (SMLF) and iShares Russell 2500 ETF (SMMD) belong to the same industry segment: US Multi-Factor. SMLF's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, SMMD's top sector exposures are Finance, Healthcare and Industrials. SMLF is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.23% for SMMD. SMLF is up 15.07% year-to-date (YTD) with +$856M in YTD flows. SMMD performs better with 18.39% YTD performance, and +$1.21B in YTD flows. Run a side-by-side ETF comparison of SMLF 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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SMLF vs SMMD performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/14/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SMLF SMMD	-5.52%-5.42%	-1.76%-2.27%	+15.07%+18.39%	+16.19%+21.16%	+64.21%+61.40%	+68.00%+46.20%
Flows	SMLF SMMD	+$40M+$199M	+$154M+$410M	+$856M+$1.21B	+$1.38B+$1.68B	+$2.49B+$2.29B	+$2.25B+$2.78B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SMLF SMMD	+14.29%+13.46%	+17.36%+17.49%	+19.91%+19.38%	+21.14%+20.96%
Max drawdown	SMLF SMMD	-5.84%-5.67%	-8.74%-9.48%	-26.10%-25.55%	-26.10%-28.20%
Max drawdown duration	SMLF SMMD	29d29d	81d43d	266d283d	266d980d

Trading data

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	SMLF	SMMD
Last sale 9/15/2026 at 1:30 PM	$84.89	$87.50
Previous close 09/14/2026	$85.67	$88.34
Consolidated volume 09/14/2026
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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	SMLF	SMMD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/15/2026 at 1:30 PM

Live

Closed

	SMLF	SMMD
Last price	$84.89	$87.50
1D performance	-0.91%	-0.95%
AuM	$4.14 B	$3.85 B
E/R	0.15%	0.23%

Characteristics

	SMLF	SMMD
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	STOXX U.S. Small-Cap Equity Factor USD Gross Return	Russell 2500 Index
N° of holdings	890	2449
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	April 28, 2015	July 6, 2017
ESG	No	No

More SMLF data on Trackinsight

More SMMD data on Trackinsight

Exposure

Countries

SMLF

USA

93.28%

Other

6.72%

SMMD

USA

95.29%

Other

4.71%

Sectors

SMLF

Finance

21.93%

Technology

17.24%

Healthcare

14.67%

Industrials

13.83%

Non-Energy Materi.

7.45%

Consumer Cyclical.

7.14%

Other

17.75%

SMMD

Finance

25.19%

Healthcare

14.82%

Industrials

14.07%

Technology

12.73%

Non-Energy Materi.

8.03%

Other

25.16%

Diversification

SMLF

Total weight of top 15 holdings out of 15

10.16%

SMMD

Total weight of top 15 holdings out of 15

4.49%

Top 15 holdings

Data as of July 31, 2026

SMLF

EMCOR Group, Inc.

0.95%

Interactive Brokers Group, Inc.

0.86%

BlackRock Cash Funds - Treasury

0.83%

Flex Ltd.

0.77%

nVent Electric Plc

0.75%

Jabil, Inc.

0.74%

Astera Labs, Inc.

0.67%

Tapestry, Inc.

0.66%

Natera, Inc.

0.62%

Williams-Sonoma, Inc.

0.62%

Mueller Industries, Inc.

0.59%

Reliance, Inc.

0.55%

Popular, Inc.

0.54%

Tenet Healthcare Corp.

0.51%

Credo Technology Group Holding Ltd.

0.50%

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 SMLF and SMMD

How have the SMLF and SMMD ETFs performed in 2026?

As of September 14, 2026, SMLF is up 15.07% year-to-date (YTD), while SMMD has returned 18.39%. That puts SMMD better performer ahead so far this year.

Which ETF is attracting more investor money: SMLF or SMMD?

Year-to-date, the SMLF ETF saw +$856M in flows, compared to +$1.21B for SMMD.

Which ETF is more volatile: SMLF or SMMD?

Over the past year, SMLF had a volatility of 17.36%, while SMMD experienced 17.49%.

Which ETF is bigger: SMLF or SMMD?

As of September 14, 2026, SMLF holds $4.14 B in assets under management (AUM), while SMMD manages $3.85 B.

What sectors do the SMLF and SMMD ETFs invest in?

SMLF leans toward sectors like Finance, Technology and Healthcare. Meanwhile, SMMD focuses on Finance, Healthcare and Industrials.

What are the top holdings of the SMLF ETF and SMMD ETF?

SMLF top holdings include EMCOR Group, Inc., Interactive Brokers Group, Inc. and BlackRock Cash Funds - Treasury. SMMD holds in its top three: ATI, Inc., BlackRock Cash Funds - Treasury and Carpenter Technology Corp..

SMLFvsSMMDETF Comparison

iShares U.S. Small-Cap Equity Factor ETF

iShares Russell 2500 ETF

SMLF vs SMMD performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the SMLF and SMMD ETFs performed in 2026?

As of September 14, 2026, SMLF is up 15.07% year-to-date (YTD), while SMMD has returned 18.39%. That puts SMMD better performer ahead so far this year.

Which ETF is attracting more investor money: SMLF or SMMD?

Year-to-date, the SMLF ETF saw +$856M in flows, compared to +$1.21B for SMMD.

Which ETF is more volatile: SMLF or SMMD?

Over the past year, SMLF had a volatility of 17.36%, while SMMD experienced 17.49%.

Which ETF is bigger: SMLF or SMMD?

As of September 14, 2026, SMLF holds $4.14 B in assets under management (AUM), while SMMD manages $3.85 B.

What sectors do the SMLF and SMMD ETFs invest in?

SMLF leans toward sectors like Finance, Technology and Healthcare. Meanwhile, SMMD focuses on Finance, Healthcare and Industrials.

What are the top holdings of the SMLF ETF and SMMD ETF?

SMLF top holdings include EMCOR Group, Inc., Interactive Brokers Group, Inc. and BlackRock Cash Funds - Treasury. SMMD holds in its top three: ATI, Inc., BlackRock Cash Funds - Treasury and Carpenter Technology Corp..

Which ETF is more diversified: SMLF or SMMD?

SMLF holds 891 securities with 10.16% of its assets in the top 15. SMMD has 2468 securities and a top 15 weight of 4.49%.

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