Intech S&P Small-Mid Cap Diversified Alpha ETF (SMDX) Performance
SMDX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.4% since Dec 31, 2025
- 1 year
- +13.4% total return
- Since first price
- +28.3% since 2025
SMDX trailing returns vs SPY, QQQ, AGG
| Period | SMDX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.0% | +0.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.4% | −3.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.5% | +0.5% | +7.8% | +8.4% | −1.5% |
| YTD | +12.4% | +12.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.4% | +12.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionFeb 28, 2025 | +28.3% | +27.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SMDX vs SPY
From Feb 28, 2025: SMDX grew to $12,832, SPY to $13,041.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SMDX returns by calendar year
2026 is year to date.
SMDX annual returns table
| Year | SMDX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.4% | −8.6% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SMDX largest drawdowns
Now 7.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 28, 2025 | −14.5% | Apr 7, 2025 | May 12, 2025 | 38 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SMDX risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +16.4% |
| Volatility (annualized) | 13.1% |
| Sharpe ratio | 0.94 |
| Sortino ratio | 1.80 |
| Best month | +9.0% |
| Worst month | −4.7% |
| Best 12 months | +35.7% |
| Worst 12 months | +13.1% |
| Positive months | 58% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SMDX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 9 | +13.1% | +23.4% | +35.7% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
SMDX performance overview
Intech S&P Small-Mid Cap Diversified Alpha ETF (SMDX) returned +13.4% over the past year, with distributions reinvested. Since its first recorded price on Feb 28, 2025 it has returned +28.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −14.5%, from Feb 28, 2025 to Apr 7, 2025, and it took 35 days to get back to the old high. Volatility has been 13.1% a year.
Related: SMDX chart, SMDX holdings, SMDX dividends, SMDX valuation. See the SMDX overview for the latest quote and fund facts.
SMDX performance FAQ
What is the SMDX return over the past year?
SMDX returned +13.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.7%.
How much would $10,000 invested in SMDX be worth?
$10,000 invested in SMDX at its first recorded close on February 28, 2025 would be worth about $12,832 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of SMDX?
The largest peak-to-trough decline was −14.5% between February 28, 2025 and April 7, 2025. It recovered to the old high on May 12, 2025, 35 days after the bottom.
How volatile is SMDX?
Over the past history SMDX had an annualized volatility of 13.1% and a Sharpe ratio of 0.94 (excess return over 1–3 month T-bills per unit of risk).