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SMLF vs SPY

Comparison between ISHARES U.S. SMALL-CAP EQUITY FACTOR ETF (SMLF, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed SMLF, delivering a return of +13.2% compared to +11.4%

SMLF vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
SMLF
$3.90B
Winner
SPY
$784B
Expense Ratio
SMLF
0.15%
Winner
SPY
0.09%
Max Drawdown
Winner
SMLF
43.06%
SPY
56.47%
Sharpe Ratio
SMLF
1.51
Winner
SPY
1.54
5Y Beta
SMLF
1.08
Winner
SPY
1.00
P/E Ratio
SMLF
95.62
Winner
SPY
27.62
Forward P/E
Winner
SMLF
14.85
SPY
21.11
5Y Dividends CAGR
Winner
SMLF
10.44%
SPY
6.00%
5Y EPS CAGR
SMLF
16.33%
Winner
SPY
25.30%
Debt to Equity
Winner
SMLF
12.24%
SPY
31.11%
P/S Ratio
Winner
SMLF
1.51
SPY
3.49
P/B Ratio
Winner
SMLF
2.68
SPY
5.30

SMLF vs SPY - Holdings Comparison

SMLF and SPY have 35 common holdings. Overlap is -0.05%

SMLF's top 25 holdings weight is 15.97%. SPY's top 25 holdings weight is 51.24%.

RankSMLFSPY
#1
EMCOR GROUP INC (EME) - 1.20%
NVIDIA CORP (NVDA) - 7.81%
#2
STERLING INFRASTRUCTURE INC (STRL) - 1.10%
APPLE INC (AAPL) - 6.81%
#3
FLEX LTD (FLEX) - 1.05%
MICROSOFT CORP (MSFT) - 4.53%
#4
BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 1.03%
AMAZON.COM INC (AMZN) - 3.72%
#5
NVENT ELECTRIC PLC (NVT) - 0.95%
ALPHABET INC CLASS A (GOOGL) - 3.39%
#6
JABIL INC (JBL) - 0.93%
BROADCOM INC (AVGO) - 2.77%
#7
INTERACTIVE BROKERS GROUP INC CLASS A (IBKR) - 0.87%
ALPHABET INC CLASS C (GOOG) - 2.72%
#8
ASTERA LABS INC (ALAB) - 0.83%
META PLATFORMS INC CLASS A (META) - 2.03%
#9
MUELLER INDUSTRIES INC (MLI) - 0.68%
MICRON TECHNOLOGY INC (MU) - 1.78%
#10
TAPESTRY INC (TPR) - 0.65%
TESLA INC (TSLA) - 1.76%
#11
WILLIAMS-SONOMA INC (WSM) - 0.60%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41%
#12
RELIANCE INC (RS) - 0.57%
JPMORGAN CHASE & CO (JPM) - 1.38%
#13
CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 0.56%
ELI LILLY AND CO (LLY) - 1.38%
#14
NATERA INC (NTRA) - 0.50%
ADVANCED MICRO DEVICES INC (AMD) - 1.28%
#15
AXSOME THERAPEUTICS INC (AXSM) - 0.50%
EXXON MOBIL CORP (XOM) - 0.92%
#16
POPULAR INC (BPOP) - 0.49%
JOHNSON & JOHNSON (JNJ) - 0.88%
#17
ARGAN INC (AGX) - 0.49%
VISA INC CLASS A (V) - 0.87%
#18
EVERCORE INC CLASS A (EVR) - 0.48%
INTEL CORP (INTC) - 0.85%
#19
UNITED THERAPEUTICS CORP (UTHR) - 0.47%
WALMART INC (WMT) - 0.82%
#20
RAMBUS INC (RMBS) - 0.47%
CISCO SYSTEMS INC (CSCO) - 0.73%
#21
ACUITY INC (AYI) - 0.31%
LAM RESEARCH CORP (LRCX) - 0.71%
#22
EXELIXIS INC (EXEL) - 0.31%
APPLIED MATERIALS INC (AMAT) - 0.70%
#23
CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 0.31%
CATERPILLAR INC (CAT) - 0.68%
#24
SOFI TECHNOLOGIES INC ORDINARY SHARES (SOFI) - 0.31%
COSTCO WHOLESALE CORP (COST) - 0.68%
#25
SHARKNINJA INC (SN) - 0.31%
MASTERCARD INC CLASS A (MA) - 0.63%
Total Holdings803505

SMLF vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
SMLF
+3.41%
SPY
-1.37%
3M
Winner
SMLF
+15.47%
SPY
+12.22%
6M
Winner
SMLF
+14.19%
SPY
+7.20%
1Y
Winner
SMLF
+31.99%
SPY
+23.58%
5Y(CAGR)
SMLF
+11.39%
Winner
SPY
+13.19%
10Y(CAGR)
SMLF
+12.43%
Winner
SPY
+15.12%
Max(CAGR)
Winner
SMLF
+11.61%
SPY
+8.44%

SMLF vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearSMLFSPY
2026+14.74%+7.95%
2025+11.90%+18.00%
2024+17.21%+25.59%
2023+20.62%+26.72%
2022-12.70%-18.64%
2021+27.90%+30.52%
2020+8.48%+17.28%
2019+21.53%+31.09%
2018-9.03%-5.24%
2017+12.31%+20.78%
2016+25.23%+13.59%
2015+2.39%+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

SMLF vs SPY Drawdown Comparison

The maximum drawdown for SMLF was -41.89%, occurring on Mar 18, 2020. Recovery took 217 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current SMLF drawdown is -0.85%. The current SPY drawdown is -3.18%.

RankSMLFSPY
#1-41.89%
Jan 16, 2020 - Nov 24, 2020		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-26.27%
Nov 25, 2024 - Aug 28, 2025		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-25.38%
Nov 16, 2021 - Dec 14, 2023		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-24.77%
Aug 29, 2018 - Jan 16, 2020		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-17.76%
Jun 23, 2015 - Jul 12, 2016		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-9.35%
Jan 23, 2018 - May 21, 2018		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-8.72%
Jan 22, 2026 - Apr 14, 2026		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-8.55%
Jul 31, 2024 - Sep 19, 2024		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-7.73%
Oct 27, 2025 - Dec 10, 2025		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-7.66%
Mar 28, 2024 - May 15, 2024		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-6.72%
Jul 1, 2021 - Aug 11, 2021		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-6.52%
Mar 15, 2021 - Apr 5, 2021		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-6.20%
Feb 12, 2021 - Mar 11, 2021		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-5.88%
Sep 22, 2016 - Nov 10, 2016		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-5.75%
May 7, 2021 - Jun 8, 2021		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between SMLF and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.

0.99
-101

Dividend Comparison (1999 - 2026)

SMLF vs SPY dividend yield comparison.

YearSMLFSPY
20260.46%0.50%
20251.14%1.07%
20241.33%1.21%
20231.13%1.40%
20221.23%1.65%
20211.07%1.20%
20201.33%1.52%
20191.39%1.75%
20181.17%2.04%
20170.93%1.80%
20160.78%2.03%
20150.79%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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