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ETFs

iShares MSCI USA Small-Cap Min Vol Factor ETF

SMMV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 07 2016
Expense Ratio
0.20%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$2,436,705
AUM
$801,389,083
Associated Index
MSCI USA Small Cap Minimum Volatility (USD) Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MUSA
Murphy USA Inc
1.86%
LSTR
Landstar System, Inc.
1.57%
CHE
Chemed Corp.
1.46%
RGLD
Royal Gold, Inc.
1.35%
ADC
Agree Realty Corp.
1.33%
IDA
Idacorp, Inc.
1.30%
DLB
Dolby Laboratories Inc - Ordinary Shares - Class A
1.25%
FLO
Flowers Foods, Inc.
1.24%
ALKS
Alkermes plc
1.16%
FCN
FTI Consulting Inc.
1.11%
Invest with SMMV

What is SMMV?

The iShares Edge MSCI Min Vol USA Small-Cap ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that, in the aggregate, have lower volatility characteristics relative to the small-capitalization U.S. equity market. The MSCI USA Small Cap Minimum Volatility (USD) Index aims to reflect the performance characteristics of a minimum variance strategy applied to the small cap USA equity universe. The index is calculated by optimizing the MSCI USA Small Cap Index, its parent index, in USD for the lowest absolute risk (within a given set of constraints). Historically, the index has shown lower beta and volatility characteristics relative to the MSCI USA Small Cap Index.

ETFs related toSMMV

ETFs correlated to SMMV include XMLV, REGL, SMDV

SMMV
iShares Trust - iShares MSCI USA Small-Cap Min Vol Factor ETF
XMLV
Invesco Capital Management LLC - Invesco S&P MidCap Low Volatility ETF
REGL
ProShares Trust - ProShares S&P MidCap 400 Div Aristocrats ETF
SMDV
ProShares Trust - ProShares Russell 2000 Div Growers ETF
CSB
Victory Portfolios II - VictoryShares US Small Cap High Div Volatility Wtd ETF
JPSE
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Small Cap Equity ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
SDY
SPDR Series Trust - SPDR Dividend ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 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 toSMMV

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with SMMV using Composer

FAQ

SMMV is a US Equities ETF. The iShares Edge MSCI Min Vol USA Small-Cap ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that, in the aggregate, have lower volatility characteristics relative to the small-capitalization U.S. equity market. The MSCI USA Small Cap Minimum Volatility (USD) Index aims to reflect the performance characteristics of a minimum variance strategy applied to the small cap USA equity universe. The index is calculated by optimizing the MSCI USA Small Cap Index, its parent index, in USD for the lowest absolute risk (within a given set of constraints). Historically, the index has shown lower beta and volatility characteristics relative to the MSCI USA Small Cap Index.

SMMV tracks the MSCI USA Small Cap Minimum Volatility (USD) Index.

No, SMMV 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, SMMV 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 SMMV is -0.0185%. This is the percent change in the value of SMMV over the most recent 1-month period. The 3-month return on SMMV is -0.0059%. This is the percent change in the value of SMMV over the most recent 3-month period.

The standard deviation of SMMV for the past year is 0.1434%. 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 SMMV include PRF, DSI, and USMV.

ETFs correlated to SMMV include XMLV, REGL, and SMDV.

ETFs that are inversely correlated to SMMV include TZA, RWM, and TWM.

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.