iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) Performance
SMMV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.6% since Dec 31, 2025
- 1 year
- +9.9% total return
- 5 years
- +5.7% a year
- 10 years
- +8.6% a year
- Since first price
- +8.4% a year since 2016
SMMV trailing returns vs SPY, QQQ, AGG
| Period | SMMV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.2% | +3.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.8% | +0.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.3% | +3.5% | +7.8% | +8.4% | −1.5% |
| YTD | +8.6% | +7.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.9% | +8.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +52.7%+15.2%/yr | +44.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +32.2%+5.7%/yr | +21.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +127.2%+8.6%/yr | +91.7% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionSep 9, 2016 | +126.2%+8.4%/yr | +90.9% | — | — | — |
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: SMMV vs SPY
From Sep 9, 2016: SMMV grew to $22,621, SPY to $41,935.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SMMV returns by calendar year
7 of 9 full years positive. Best 2019 (+24.2%), worst 2022 (−10.0%). 2026 is year to date.
SMMV annual returns table
| Year | SMMV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.6% | −7.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.4% | −10.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +18.3% | −6.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +5.1% | −11.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −10.0% | −17.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +16.6% | −7.1% | +28.7% | +27.4% | −1.8% |
| 2020 | −2.9% | −38.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +24.2% | −3.8% | +31.2% | +39.0% | +8.5% |
| 2018 | +1.1% | −15.2% | −4.6% | −0.1% | +0.1% |
| 2017 | +14.3% | −2.8% | +21.7% | +32.7% | +3.6% |
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.
SMMV largest drawdowns
Now 2.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 20, 2020 | −38.8% | Mar 23, 2020 | Jan 25, 2021 | 32 days | 11 months |
| Nov 16, 2021 | −18.0% | Sep 30, 2022 | Jul 11, 2024 | 10 months | 2.7 years |
| Sep 11, 2018 | −15.2% | Dec 24, 2018 | Apr 24, 2019 | 3 months | 7 months |
| Nov 29, 2024 | −13.7% | Apr 8, 2025 | Nov 28, 2025 | 4 months | 12 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SMMV risk statistics
| Statistic | 3 years | 5 years | 10 years |
|---|---|---|---|
| Annualized return | +12.4% | +5.5% | +8.0% |
| Volatility (annualized) | 11.5% | 13.0% | 13.8% |
| Sharpe ratio | 0.70 | 0.20 | 0.46 |
| Sortino ratio | 1.17 | 0.30 | 0.64 |
| Best month | +8.6% | +8.6% | +9.1% |
| Worst month | −6.0% | −7.5% | −19.6% |
| Best 12 months | +32.2% | +32.2% | +44.6% |
| Worst 12 months | +0.0% | −12.8% | −18.3% |
| Positive months | 64% | 53% | 62% |
| Beta vs S&P 500 | 0.49 | 0.61 | 0.73 |
| Correlation with S&P 500 | 0.52 | 0.73 | 0.81 |
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.
SMMV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 110 | −18.3% | +8.5% | +44.6% | 75% |
| 3-year (a year) | 86 | −0.9% | +6.9% | +14.9% | 98% |
| 5-year (a year) | 62 | +1.9% | +5.8% | +11.7% | 100% |
| 10-year (a year) | 2 | +8.0% | +8.3% | +8.6% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
SMMV performance overview
iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) returned +9.9% over the past year and +8.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2016 it has returned +8.4% a year, turning $10,000 into about $22,621. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −38.8%, from Feb 20, 2020 to Mar 23, 2020, and it took 10 months to get back to the old high. SMMV finished 7 of its 9 full calendar years with a gain; the best year was 2019 (+24.2%) and the worst 2022 (−10.0%). Volatility has been 13.8% a year.
Related: SMMV chart, SMMV dividends. See the SMMV overview for the latest quote and fund facts.
SMMV performance FAQ
What is the SMMV return over the past year?
SMMV returned +9.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.1%.
What is the average annual return of SMMV?
SMMV has returned +5.7% a year over 5 years, +8.6% a year over 10 years, +8.4% a year since September 9, 2016 (total return, distributions reinvested).
How much would $10,000 invested in SMMV be worth?
$10,000 invested in SMMV at its first recorded close on September 9, 2016 would be worth about $22,621 on October 23, 2026 with distributions reinvested.
What was the worst year for SMMV?
The worst calendar year was 2022, with a total return of −10.0%. The best was 2019 at +24.2%.
What is the biggest drawdown of SMMV?
The largest peak-to-trough decline was −38.8% between February 20, 2020 and March 23, 2020. It recovered to the old high on January 25, 2021, 10 months after the bottom.
How volatile is SMMV?
Over the past 3 years SMMV had an annualized volatility of 11.5% and a Sharpe ratio of 0.70 (excess return over 1–3 month T-bills per unit of risk).