SMDV
ProShares Russell 2000 Dividend Growers ETF
SMDV tracks an index of US small-cap stocks with a 10-year record of increasing dividends. Stocks are equally weighted.
US
EQUITY
Passive
MANAGEMENT STYLE
645.2 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | ProShares |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 03, 2015 |
| Assets (mns) | $645 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| SPARTANNASH CO | 1.3 % |
| POLARIS INDUSTRIES INC | 1.3 % |
| MATERION CORP | 1.3 % |
| STANDEX INTERNATIONAL CORP | 1.2 % |
| SHOE CARNIVAL INC | 1.1 % |
| TOOTSIE ROLL INDS | 1.1 % |
| HILLENBRAND INC | 1.1 % |
| BANCORPSOUTH BANK | 1.1 % |
| QUAKER CHEMICAL CORP | 1.1 % |
| LEMAITRE VASCULAR INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 108 |
| Herfindahl-Hirschman Index | 97 |
| Wgt avg mkt cap (mns) | $2,600 |
| Large cap (>$10bn) | 55.8% |
| Mid cap ($2-10bn) | 44.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 101.1 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -3.8% | -4.4% | 9.6% | 1.4% | 5.7% | 4.7% | -- | 4.6% |
| Dividend Yield | 0.6% | 0.6% | 2.0% | 2.2% | 2.3% | 2.2% | -- | 2.1% |
| Total Returns | -3.2% | -3.8% | 11.6% | 3.6% | 8.0% | 6.9% | -- | 6.8% | Ann. Volatility | 19.2% | 20.2% | 20.3% | 19.5% | 19.8% | 20.7% | -- | 20.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.93 | 42% |
| MSCI EAFE | 0.68 | 29% |
| MSCI Emg Mkts | 0.51 | 19% |
Liquidity Measures
| Avg. volume (000) | 22 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.06% |
Technical Indicators
| Recent close | $65.09 |
| 30d moving avg. | $66.25 |
| Annualized volatility | 18.7% |
| Relative strength (RSI) | 46 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 28.1% | -15 bp | +9.1% |
| DES | WisdomTree U.S. SmallCap Dividend Fund | 21.9% | -2 bp | +9.6% |
| CSB | VictoryShares US Small Cap High Dividend Volatility Wtd ETF | 20.8% | -5 bp | +9.6% |
| HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 19.4% | +40 bp | +8.3% |
| SMLV | SPDR SSGA US Small Cap Low Volatility Index ETF | 17.3% | -28 bp | +7.6% |
| FLQS | Franklin U.S. Small Cap Multifactor Index ETF | 16.6% | -5 bp | +9.9% |
| TPSC | Timothy Plan US Small Cap Core ETF | 15.9% | +12 bp | +7.2% |
| IFRA | iShares U.S. Infrastructure ETF | 15.6% | -10 bp | +6.4% |
| JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 15.4% | -11 bp | +8.3% |
| PEY | Invesco High Yield Equity Dividend Achievers ETF | 15.1% | +12 bp | +10.1% |
Risk and Returns: SMDV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/2/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
SMDV
8.0%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 997 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. SMDV's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places SMDV in the 84th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SMDVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 217 |
| Avg. Expense Ratio | 31.1 bp |
| Std. Deviation | 25.2 bp |
| SMDV (40 bp) Percentile rank | 64 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SMDV | 40.0 | 6.0 | 46.0 |
| Peer Avg. | 31.1 | 10.5 | 41.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .