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 +13.3% compared to +10.2%
SMLF vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SMLF
$3.30B
Winner
SPY
$652B
Expense Ratio
SMLF
0.15%
Winner
SPY
0.09%
Max Drawdown
Winner
SMLF
43.06%
SPY
56.47%
Sharpe Ratio
SMLF
1.61
Winner
SPY
2.07
5Y Beta
SMLF
1.09
Winner
SPY
1.00
P/E Ratio
SMLF
65.50
Winner
SPY
28.24
Forward P/E
Winner
SMLF
15.29
SPY
21.85
5Y Dividends CAGR
Winner
SMLF
11.57%
SPY
5.43%
5Y EPS CAGR
SMLF
19.74%
Winner
SPY
25.79%
Debt to Equity
SMLF
N/A
SPY
22.35%
P/S Ratio
Winner
SMLF
1.55
SPY
3.55
P/B Ratio
Winner
SMLF
2.66
SPY
5.29
SMLF vs SPY - Holdings Comparison
SMLF and SPY have 42 common holdings. Overlap is 0.34%
SMLF's top 25 holdings weight is 14.01%. SPY's top 25 holdings weight is 51.32%.
| Rank | SMLF | SPY |
|---|---|---|
| #1 | EMCOR GROUP INC (EME) - 1.21% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.84% | APPLE INC (AAPL) - 6.48% |
| #3 | NVENT ELECTRIC PLC (NVT) - 0.78% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | JABIL INC (JBL) - 0.75% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | INTERACTIVE BROKERS GROUP INC CLASS A (IBKR) - 0.72% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | TAPESTRY INC (TPR) - 0.72% | BROADCOM INC (AVGO) - 3.09% |
| #7 | MUELLER INDUSTRIES INC (MLI) - 0.62% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | STERLING INFRASTRUCTURE INC (STRL) - 0.61% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | WILLIAMS-SONOMA INC (WSM) - 0.55% | TESLA INC (TSLA) - 1.73% |
| #10 | FLEX LTD (FLEX) - 0.53% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | NATERA INC (NTRA) - 0.52% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | UNITED THERAPEUTICS CORP (UTHR) - 0.50% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | IDACORP INC (IDA) - 0.47% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | TENET HEALTHCARE CORP (THC) - 0.47% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | POPULAR INC (BPOP) - 0.46% | WALMART INC (WMT) - 0.91% |
| #16 | INSMED INC (INSM) - 0.46% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | RELIANCE INC (RS) - 0.45% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | HASBRO INC (HAS) - 0.45% | VISA INC CLASS A (V) - 0.85% |
| #19 | CURTISS-WRIGHT CORP (CW) - 0.45% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | CORE & MAIN INC CLASS A (CNM) - 0.41% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | ANTERO MIDSTREAM CORP (AM) - 0.41% | INTEL CORP (INTC) - 0.65% |
| #22 | ROYAL GOLD INC (RGLD) - 0.41% | NETFLIX INC (NFLX) - 0.64% |
| #23 | EVERCORE INC CLASS A (EVR) - 0.41% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | OLD REPUBLIC INTERNATIONAL CORP (ORI) - 0.41% | CHEVRON CORP (CVX) - 0.58% |
| #25 | EXPAND ENERGY CORP ORDINARY SHARES NEW (EXE) - 0.40% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 897 | 505 |
SMLF vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
SMLF
+6.78%
Winner
SPY
+9.11%
3M
SMLF
+5.31%
Winner
SPY
+6.59%
6M
Winner
SMLF
+14.30%
SPY
+10.56%
1Y
Winner
SMLF
+33.41%
SPY
+32.04%
5Y(CAGR)
SMLF
+10.23%
Winner
SPY
+13.35%
10Y(CAGR)
SMLF
+12.55%
Winner
SPY
+15.49%
Max(CAGR)
Winner
SMLF
+11.40%
SPY
+8.50%
SMLF vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SMLF | SPY |
|---|---|---|
| 2026 | +10.88% | +8.27% |
| 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% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/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 -1.06%.
| Rank | SMLF | SPY |
|---|---|---|
| #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.
| Year | SMLF | SPY |
|---|---|---|
| 2026 | 0.23% | 0.24% |
| 2025 | 1.14% | 1.07% |
| 2024 | 1.33% | 1.21% |
| 2023 | 1.13% | 1.40% |
| 2022 | 1.23% | 1.65% |
| 2021 | 1.07% | 1.20% |
| 2020 | 1.33% | 1.52% |
| 2019 | 1.39% | 1.75% |
| 2018 | 1.17% | 2.04% |
| 2017 | 0.93% | 1.80% |
| 2016 | 0.78% | 2.03% |
| 2015 | 0.79% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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