SMMD
iShares Russell 2500 ETF
iShares Russell 2500 ETF tracks a market-cap-weighted index of US companies ranked 501-3,000 by market cap.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
15 bp
EXPENSES
$942.2 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | BlackRock |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 06, 2017 |
| Assets (mns) | $942 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| iShares Russell 2000 ETF | 42.6 % |
| REGAL BELOIT CORP | 0.3 % |
| LENNOX INTERNATIONAL INC | 0.3 % |
| AVERY DENNISON CORP | 0.3 % |
| RELIANCE STEEL & ALUMINUM | 0.3 % |
| TEXTRON INC | 0.3 % |
| PURE STORAGE, INC. CLASS A | 0.3 % |
| WATSCO INC | 0.3 % |
| PACKAGING CORP OF AMERICA | 0.3 % |
| EMCOR GROUP INC | 0.3 % |
Constituent Breakdown
| Number of holdings | 503 |
| Herfindahl-Hirschman Index | 1,746 |
| Wgt avg mkt cap (mns) | $6,135 |
| Large cap (>$10bn) | 47.7% |
| Mid cap ($2-10bn) | 50.9% |
| Small cap (<$2bn) | 1.1% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 52.4 % |
 |
BRITAIN | 0.9 % |
 |
BERMUDA | 0.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.2% | 11.1% | 12.3% | -0.2% | 8.5% | -- | 8.5% | Volatility | 15.8% | 17.0% | 20.7% | 21.1% | 25.2% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 80% |
| MSCI EAFE | 1.02 | 74% |
| MSCI Emg Mkts | 0.74 | 39% |
Liquidity Measures
| Avg. volume (000) | 219 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $65,995 |
Technical Indicators
| Recent close | $65.89 |
| 30d moving avg. | $63.53 |
| Annualized volatility | 20.8% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 2.2% |
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. SMMD |
Expenses vs. SMMD |
ALTAR Score™ vs. SMMD |
|---|---|---|---|---|
| VB | Vanguard Small-Cap ETF | 50.6% | -10 bp | -0.6% |
| SCHM | Schwab U.S. Mid-Cap ETF | 46.7% | -11 bp | +0.5% |
| SFYX | SoFi Next 500 ETF | 46.3% | -15 bp | -0.8% |
| BKMC | BNY Mellon US Mid Cap Core Equity ETF | 43.8% | -11 bp | +0.2% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 39.7% | -8 bp | -0.2% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 38.5% | +27 bp | +0.7% |
| VXF | Vanguard Extended Market ETF | 38.5% | -9 bp | -1.8% |
| IJH | iShares Core S&P Mid-Cap ETF | 34.7% | -10 bp | +0.8% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 34.7% | +8 bp | +0.7% |
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | 34.7% | -12 bp | +0.9% |
Risk and Returns: SMMD 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
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
SMMD
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
SMMD
5.8%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.8% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. SMMD's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places SMMD in the 51st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SMMD
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| SMMD (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SMMD | 15.0 | 13.6 | 28.6 |
| Peer Avg. | 44.3 | 17.3 | 61.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .