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ETFs

iShares Russell 2500 ETF

SMMD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 06 2017
Expense Ratio
0.15%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$8,066,890
AUM
—
Associated Index
Russell 2500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
43.33%
PWR
Quanta Services, Inc.
0.45%
FSLR
First Solar Inc
0.43%
STLD
Steel Dynamics Inc.
0.36%
FICO
Fair, Isaac Corp.
0.32%
LPLA
LPL Financial Holdings Inc
0.30%
FDS
Factset Research Systems Inc.
0.30%
HWM
Howmet Aerospace Inc
0.30%
FWONK
Liberty Media Corp. - Ordinary Shares (Tracking Stock -Liberty Formula 1) Series C
0.29%
IRM
Iron Mountain Inc.
0.29%
Invest with SMMD

What is SMMD?

The iShares Russell 2500 ETF seeks to track the investment results of an index composed of mid- and small-capitalization U.S. equities. The Underlying Index is a float-adjusted capitalization-weighted index of equity securities issued by approximately 2,500 of the smallest issuers in the Russell 3000 Index.

ETFs related toSMMD

ETFs correlated to SMMD include VB, ESML, SCHA

SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSMMD

#IWM

Russell 2000

Category

Benchmarks

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SMMD using Composer

FAQ

SMMD is a US Equities ETF. The iShares Russell 2500 ETF seeks to track the investment results of an index composed of mid- and small-capitalization U.S. equities. The Underlying Index is a float-adjusted capitalization-weighted index of equity securities issued by approximately 2,500 of the smallest issuers in the Russell 3000 Index.

SMMD tracks the Russell 2500 Index.

No, SMMD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SMMD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SMMD is -0.0422%. This is the percent change in the value of SMMD over the most recent 1-month period. The 3-month return on SMMD is 0.0322%. This is the percent change in the value of SMMD over the most recent 3-month period.

The standard deviation of SMMD for the past year is 0.2618%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SMMD include QQQ, IVV, and MDY.

ETFs correlated to SMMD include VB, ESML, and SCHA.

ETFs that are inversely correlated to SMMD include RWM, SRTY, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.