AAM Bahl & Gaynor Small/Mid Cap Income Growth… (SMIG) Performance
SMIG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.2% since Dec 31, 2025
- 1 year
- +10.2% total return
- 5 years
- +6.4% a year
- Since first price
- +6.6% a year since 2021
SMIG trailing returns vs SPY, QQQ, AGG
| Period | SMIG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.7% | +0.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.6% | −5.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.3% | +2.5% | +7.8% | +8.4% | −1.5% |
| YTD | +11.2% | +9.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.2% | +8.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +52.9%+15.2%/yr | +44.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +36.6%+6.4%/yr | +24.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionAug 26, 2021 | +39.4%+6.6%/yr | +26.7% | — | — | — |
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: SMIG vs SPY
From Aug 26, 2021: SMIG grew to $13,937, SPY to $18,266.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SMIG returns by calendar year
3 of 4 full years positive. Best 2024 (+17.6%), worst 2022 (−11.8%). 2026 is year to date.
SMIG annual returns table
| Year | SMIG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.2% | −8.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +0.8% | −16.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.6% | −9.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.6% | −12.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.8% | −19.7% | −18.2% | −32.6% | −13.0% |
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.
SMIG largest drawdowns
Now 5.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 4, 2022 | −19.7% | Sep 30, 2022 | Jan 22, 2024 | 9 months | 2.0 years |
| Nov 26, 2024 | −19.2% | Apr 8, 2025 | Feb 9, 2026 | 4 months | 1.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SMIG risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +12.8% | +7.2% | +6.0% |
| Volatility (annualized) | 14.3% | 16.2% | 16.3% |
| Sharpe ratio | 0.61 | 0.29 | 0.22 |
| Sortino ratio | 1.00 | 0.45 | 0.34 |
| Best month | +8.5% | +10.5% | +10.5% |
| Worst month | −8.2% | −9.2% | −9.2% |
| Best 12 months | +36.7% | +36.7% | +36.7% |
| Worst 12 months | −8.1% | −11.8% | −11.8% |
| Positive months | 64% | 55% | 54% |
| Beta vs S&P 500 | 0.76 | 0.81 | — |
| Correlation with S&P 500 | 0.66 | 0.79 | — |
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.
SMIG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 51 | −11.8% | +7.8% | +36.7% | 80% |
| 3-year (a year) | 27 | +5.6% | +10.2% | +15.0% | 100% |
| 5-year (a year) | 3 | +6.8% | +7.1% | +7.2% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
SMIG performance overview
AAM Bahl & Gaynor Small/Mid Cap Income Growth… (SMIG) returned +10.2% over the past year and +6.4% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +6.6% a year, turning $10,000 into about $13,937. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.7%, from Jan 4, 2022 to Sep 30, 2022, and it took 1.3 years to get back to the old high. SMIG finished 3 of its 4 full calendar years with a gain; the best year was 2024 (+17.6%) and the worst 2022 (−11.8%). Volatility has been 16.3% a year.
Related: SMIG chart, SMIG holdings, SMIG dividends, SMIG valuation. See the SMIG overview for the latest quote and fund facts.
SMIG performance FAQ
What is the SMIG return over the past year?
SMIG returned +10.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.3%.
What is the average annual return of SMIG?
SMIG has returned +6.4% a year over 5 years, +6.6% a year since August 26, 2021 (total return, distributions reinvested).
How much would $10,000 invested in SMIG be worth?
$10,000 invested in SMIG at its first recorded close on August 26, 2021 would be worth about $13,937 on October 23, 2026 with distributions reinvested.
What was the worst year for SMIG?
The worst calendar year was 2022, with a total return of −11.8%. The best was 2024 at +17.6%.
What is the biggest drawdown of SMIG?
The largest peak-to-trough decline was −19.7% between January 4, 2022 and September 30, 2022. It recovered to the old high on January 22, 2024, 1.3 years after the bottom.
How volatile is SMIG?
Over the past 3 years SMIG had an annualized volatility of 14.3% and a Sharpe ratio of 0.61 (excess return over 1–3 month T-bills per unit of risk).