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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%

Full SMLF fund page

VS

ETF 2

SMMD

iShares Russell 2500 ETF

This fund is part of

US Multi-Factor

+0%

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. Both ETFs have the same top 3 sector exposures: Industrials, Information Technology and Financials. SMLF is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.23% for SMMD. SMLF is up 16.88% year-to-date (YTD) with +$724M in YTD flows. SMMD performs better with 20.92% YTD performance, and +$807M 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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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SMLF SMMD	+6.70%+7.27%	+16.39%+18.89%	+16.88%+20.92%	+33.69%+38.62%	+71.35%+66.19%	+77.17%+51.32%
Flows	SMLF SMMD	+$180M+$260M	+$301M+$700M	+$724M+$807M	+$1.55B+$1.39B	+$2.26B+$1.93B	+$2.16B+$2.41B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SMLF SMMD	+19.65%+21.00%	+17.59%+17.94%	+19.90%+19.41%	+21.24%+21.04%
Max drawdown	SMLF SMMD	-4.58%-4.79%	-8.74%-9.48%	-26.10%-25.55%	-26.10%-28.20%
Max drawdown duration	SMLF SMMD	16d7d	81d43d	266d283d	266d980d

Trading data

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	SMLF	SMMD
Last sale 6/18/2026 at 1:30 PM	$87.04	$90.12
Previous close 06/18/2026	$85.78	$88.76
Consolidated volume 06/18/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 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 6/18/2026 at 1:30 PM

Live

Closed

	SMLF	SMMD
Last price	$87.04	$90.12
1D performance	+1.47%	+1.53%
AuM	$4.07 B	$3.54 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	787	2032
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

90.33%

Other

9.67%

SMMD

USA

92.17%

Other

7.83%

Sectors

SMLF

Industrials

17.08%

Information Techn.

14.57%

Financials

14.28%

Health Care

11.57%

Consumer Discreti.

11.07%

Other

31.42%

SMMD

Industrials

18.57%

Information Techn.

14.85%

Financials

12.6%

Health Care

10.31%

Consumer Discreti.

9.33%

Other

34.35%

Diversification

SMLF

Total weight of top 15 holdings out of 15

10.31%

SMMD

Total weight of top 15 holdings out of 15

10%

Top 15 holdings

Data as of April 30, 2026

SMLF

EMCOR GROUP

1.34%

JABIL CIRCUIT

0.88%

NVENT ELECTRIC PLC

0.85%

INTERACTIVE BROKERS GROUP

0.78%

US0669224778

0.71%

MUELLER INDUSTRIES

0.70%

STERLING INFRASTRUCTURE INC

0.69%

FLEX LTD

0.69%

TAPESTRY INC

0.67%

RELIANCE STEEL

0.52%

UTD THERAPEUT

0.51%

WILLIAMS SONOMA

0.50%

ARGAN

0.50%

NATERA

0.50%

POPULAR

0.48%

SMMD

US80004C2008

2.03%

CIENA

0.96%

COMFORT SYSTEMS USA

0.83%

LUMENTUM HOLDINGS

0.82%

BLOOM ENERGY CORP

0.79%

US19247G1076

0.72%

US7731211089

0.52%

EMCOR GROUP

0.51%

JABIL CIRCUIT

0.45%

FLEX LTD

0.44%

CASEYS GENERAL STORES

0.40%

TECHNIPFMC PLC

0.39%

TAPESTRY INC

0.38%

INSMED

0.37%

CREDO TECHNOLOGY GROUP HOLDING

0.36%

Frequently asked questions about SMLF and SMMD

How have the SMLF and SMMD ETFs performed in 2026?

As of June 18, 2026, SMLF is up 16.88% year-to-date (YTD), while SMMD has returned 20.92%. 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 +$724M in flows, compared to +$807M for SMMD.

Which ETF is more volatile: SMLF or SMMD?

Over the past year, SMLF had a volatility of 17.59%, while SMMD experienced 17.94%.

Which ETF is bigger: SMLF or SMMD?

As of June 18, 2026, SMLF holds $4.07 B in assets under management (AUM), while SMMD manages $3.54 B.

What sectors do the SMLF and SMMD ETFs invest in?

SMLF leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, SMMD focuses on Industrials, Information Technology and Financials.

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 June 18, 2026, SMLF is up 16.88% year-to-date (YTD), while SMMD has returned 20.92%. 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 +$724M in flows, compared to +$807M for SMMD.

Which ETF is more volatile: SMLF or SMMD?

Over the past year, SMLF had a volatility of 17.59%, while SMMD experienced 17.94%.

Which ETF is bigger: SMLF or SMMD?

As of June 18, 2026, SMLF holds $4.07 B in assets under management (AUM), while SMMD manages $3.54 B.

What sectors do the SMLF and SMMD ETFs invest in?

SMLF leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, SMMD focuses on Industrials, Information Technology and Financials.

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

SMLF top holdings include EMCOR GROUP, JABIL CIRCUIT and NVENT ELECTRIC PLC. SMMD holds in its top three: US80004C2008, CIENA and COMFORT SYSTEMS USA.

Which ETF is more diversified: SMLF or SMMD?

SMLF holds 887 securities with 10.31% of its assets in the top 15. SMMD has 2411 securities and a top 15 weight of 10%.

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