SMMDvsDFASETF Comparison
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iShares Russell 2500 ETF (SMMD) belongs to the US Multi-Factor segment. Dimensional US Small Cap ETF (DFAS) is part of the US Small Cap segment. SMMD's top 3 sector exposures are Finance, Healthcare and Technology. In contrast, DFAS's top sector exposures are Finance, Industrials and Technology. SMMD is less expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.26% for DFAS. SMMD is up 18.51% year-to-date (YTD) with +$1.58B in YTD flows. DFAS performs worse with 17.08% YTD performance, and +$1.75B in YTD flows. Run a side-by-side ETF comparison of SMMD and DFAS 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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SMMD vs DFAS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMMD DFAS | +1.13%+2.38% | -4.23%-3.14% | +18.51%+17.08% | +22.39%+21.89% | +72.16%+61.76% | +36.54%+38.79% |
| Flows | SMMD DFAS | +$102M+$315M | +$693M+$548M | +$1.58B+$1.75B | +$1.91B+$2.09B | +$2.64B+$5.47B | +$3.12B+$7.75B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMMD DFAS | +12.26%+11.14% | +17.02%+15.05% | +19.12%+19.11% | +20.89%+20.53% |
| Max drawdown | SMMD DFAS | -9.29%-8.37% | -9.48%-9.26% | -25.55%-26.11% | -28.20%-26.11% |
| Max drawdown duration | SMMD DFAS | 80d80d | 43d66d | 283d373d | 980d373d |
Trading data
SMMD | DFAS | |
Last sale 11/5/2026 at 2:30 PM | $84.68 | $77.85 |
| Previous close 11/04/2026 | $88.09 | $80.89 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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DFAS
is actively managed and doesn’t replicate an indexSMMD | DFAS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/5/2026 at 2:30 PM
Live
Closed
SMMD | DFAS | |
|---|---|---|
| Last price | $84.68 | $77.85 |
| 1D performance | -3.87% | -3.76% |
| AuM | $4.22 B | $15.84 B |
| E/R | 0.23% | 0.26% |
Characteristics
SMMD | DFAS | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Dimensional |
| Benchmark | Russell 2500 Index | - |
| N° of holdings | 508 | 2013 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 6, 2017 | June 14, 2021 |
| ESG | No | No |
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Exposure
Countries
SMMD
USA
95.01%
Other
4.99%
DFAS
USA
95.91%
Other
4.09%
Sectors
SMMD
Finance
23.99%
Healthcare
15.35%
Technology
14.38%
Industrials
13.79%
Non-Energy Materi.
8.02%
Other
24.48%
DFAS
Finance
21.59%
Industrials
14.84%
Technology
13.06%
Healthcare
13.04%
Non-Energy Materi.
7.48%
Consumer Cyclical.
7.47%
Other
22.5%
Diversification
SMMD
Total weight of top 15 holdings out of 15
45.3%
DFAS
Total weight of top 15 holdings out of 15
3.88%
Top 15 holdings
Data as of September 30, 2026
SMMD
US4642876555
41.06%
nVent Electric Plc
0.37%
ATI, Inc.
0.36%
F5, Inc.
0.36%
Guardant Health, Inc.
0.33%
Viatris, Inc.
0.29%
Tenet Healthcare Corp.
0.29%
US Foods Holding Corp.
0.29%
Royal Gold, Inc.
0.28%
Roku, Inc.
0.28%
SoFi Technologies, Inc.
0.28%
Packaging Corporation of America
0.28%
TD SYNNEX Corp.
0.28%
Reliance, Inc.
0.28%
Woodward, Inc.
0.28%
DFAS
Charles River Laboratories International, Inc.
0.29%
WESCO International, Inc.
0.27%
APA Corp.
0.27%
DigitalOcean Holdings, Inc.
0.26%
Halozyme Therapeutics, Inc.
0.26%
Jazz Pharmaceuticals Plc
0.26%
TTM Technologies, Inc.
0.26%
Applied Industrial Technologies, Inc.
0.26%
The J. M. Smucker Co.
0.26%
Onto Innovation, Inc.
0.25%
BorgWarner, Inc.
0.25%
Revvity, Inc.
0.25%
IES Holdings, Inc.
0.25%
Invesco Ltd.
0.25%
Sanmina Corp.
0.24%
Frequently asked questions about SMMD and DFAS
How have the SMMD and DFAS ETFs performed in 2026?
As of November 4, 2026, SMMD is up 18.51% year-to-date (YTD), while DFAS has returned 17.08%. That puts SMMD better performer ahead so far this year.
Which ETF is attracting more investor money: SMMD or DFAS?
Year-to-date, the SMMD ETF saw +$1.58B in flows, compared to +$1.75B for DFAS.
Which ETF is more volatile: SMMD or DFAS?
Over the past year, SMMD had a volatility of 17.02%, while DFAS experienced 15.05%.
Which ETF is bigger: SMMD or DFAS?
As of November 4, 2026, SMMD holds $4.22 B in assets under management (AUM), while DFAS manages $15.84 B.
What sectors do the SMMD and DFAS ETFs invest in?
SMMD leans toward sectors like Finance, Healthcare and Technology. Meanwhile, DFAS focuses on Finance, Industrials and Technology.
What are the top holdings of the SMMD ETF and DFAS ETF?
SMMD top holdings include US4642876555, nVent Electric Plc and ATI, Inc.. DFAS holds in its top three: Charles River Laboratories International, Inc., WESCO International, Inc. and APA Corp..
Which ETF is more diversified: SMMD or DFAS?
SMMD holds 2485 securities with 45.3% of its assets in the top 15. DFAS has 2051 securities and a top 15 weight of 3.88%.
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Latest news about SMMD & DFAS
Small Caps and Value Stocks Continue to Rally Amid Market Rotation
July 22, 2024
DFAS
Dimensional Fund Advisors Celebrates 3-Year ETF Anniversary
November 8, 2023
DFAS
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