SMMV ETF — Holdings & Analysis
The iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) is designed to track the investment results of an index composed of U.S. small-cap equities exhibiting lower volatility characteristics.
With an AUM of $0.28 billion and an expense ratio of 0.20%, SMMV offers targeted exposure to the small-cap segment while aiming to mitigate overall portfolio volatility. The fund's focus on minimum volatility distinguishes it from standard small-cap ETFs, potentially appealing to investors seeking downside protection within their equity allocation. Past performance does not guarantee future results.
iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) ETF — Price, Holdings & Analysis
ETF Overview
Risk Metrics
Expense Ratio
What does SMMV hold?
How Is the Fund Allocated?
| Sector | Weight |
|---|---|
| Healthcare | 17.3% |
| Industrials | 14.8% |
| Real Estate | 13.0% |
| Financial Services | 11.1% |
| Technology | 10.1% |
| Consumer Defensive | 9.0% |
| Utilities | 7.5% |
| Consumer Cyclical | 5.5% |
| Communication Services | 5.4% |
| Energy | 4.0% |
| Basic Materials | 2.3% |
| Country | Weight |
|---|---|
| United States | 93.2% |
| Bermuda | 3.3% |
| Canada | 1.2% |
| United Kingdom | 1.1% |
| Ireland | 0.7% |
| Other | 0.5% |
Dividend Yield
- Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
- State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
- State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
- iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
- State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
- State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
- iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
- State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio
- iShares Russell 2000 ETF (IWM) (Equity) — 0.19% expense ratio
- iShares MSCI Emerging Markets ETF (EEM) (Equity) — 0.72% expense ratio
- iShares MSCI EAFE ETF (EFA) (Equity) — 0.32% expense ratio
- iShares MSCI Emerging Markets Small-Cap ETF (EEMS) (Equity) — 0.72% expense ratio
- iShares FinTech Active ETF (BPAY) (Equity) — 0.66% expense ratio
- iShares Blockchain and Tech ETF (IBLC) (Equity) — 0.47% expense ratio
Risk Metrics
- Beta: 0.58
Questions & Answers
What is SMMV and what does it track?
The iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) seeks to track the investment results of the MSCI USA Small Cap Minimum Volatility (USD) Index. This index is composed of small-capitalization U.S.
equities that, in aggregate, have lower volatility characteristics relative to the broader small-capitalization U.S. equity market.
What is the expense ratio for SMMV?
The expense ratio for SMMV is 0.20%. This means that for every $10,000 invested in the fund, $20 is used to cover annual operating expenses.
While expense ratios can vary, SMMV's 0.20% is relatively competitive for a specialized small-cap ETF focusing on low volatility. Investors should consider the expense ratio as one factor among many when evaluating an ETF, as it can impact overall returns over time.
What are the top holdings in SMMV?
As of March 15, 2026, the top holdings in SMMV are: Royal Gold Inc (1.58%), Pinnacle West Capital Corp (1.49%), Agree Realty Corp (1.47%), Omega Healthcare Investors Inc (1.41%), and The New York Times Co Class A (1.40%).
These holdings represent a relatively small portion of the overall portfolio, indicating a fairly diversified approach within the low-volatility small-cap universe.
Is SMMV a good long-term investment?
Whether SMMV is a suitable long-term investment depends on an individual investor's specific goals, risk tolerance, and investment horizon. SMMV offers exposure to small-cap U.S.
equities with a focus on minimizing volatility, which can be attractive for investors seeking a potentially smoother ride. However, small-cap stocks can still be subject to market fluctuations.
How does SMMV compare to similar ETFs?
SMMV differentiates itself through its specific focus on the small-cap segment while employing a low-volatility strategy. Compared to broad-based small-cap ETFs, SMMV aims to provide downside protection during market downturns.
Other low-volatility ETFs may focus on different market segments, such as large-cap or international equities. SMMV's expense ratio of 0.20% is competitive within the category of specialized small-cap ETFs.
Does SMMV pay dividends?
As of March 15, 2026, SMMV's dividend yield is 0.00%. While the fund's primary objective is not to provide income, it may distribute dividends periodically based on the dividend income received from its underlying holdings.
However, the current yield suggests that income generation is not a significant focus of the fund. Investors seeking dividend income may want to consider other ETFs with a higher dividend yield.