SMDV
ProShares Russell 2000 Dividend Growers ETF
SMDV tracks an index of US small-cap stocks with a 10-year record of increasing dividends. Stocks are equally weighted.
US
EQUITY
Passive
MANAGEMENT STYLE
764.3 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | ProShares |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 03, 2015 |
| Assets (mns) | $764 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| S & T BANCORP INC | 1.3 % |
| COMMUNITY BANK SYSTEM INC | 1.2 % |
| TOMPKINS FINANCIAL CORP | 1.2 % |
| INDEPENDENT BANK CORP - MICH | 1.2 % |
| N B T BANCORP INC | 1.2 % |
| MERCANTILE BANK CORP | 1.2 % |
| PREMIER FINANCIAL CORP. | 1.2 % |
| HERITAGE FINANCIAL CORP | 1.2 % |
| ORRSTOWN FINL SERVICES INC | 1.2 % |
| INDEPENDENT BANK CORP/MA | 1.2 % |
Constituent Breakdown
| Number of holdings | 101 |
| Herfindahl-Hirschman Index | 101 |
| Wgt avg mkt cap (mns) | $2,625 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 60.1% |
| Small cap (<$2bn) | 40.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.8% | 29.4% | 7.9% | 5.1% | 5.0% | -- | 7.8% | Volatility | 19.3% | 20.4% | 19.2% | 19.2% | 25.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.83 | 53% |
| MSCI EAFE | 0.83 | 55% |
| MSCI Emg Mkts | 0.58 | 26% |
Liquidity Measures
| Avg. volume (000) | 32 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $1,538 |
Technical Indicators
| Recent close | $73.70 |
| 30d moving avg. | $68.68 |
| Annualized volatility | 19.9% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 3.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SMDV |
Expenses vs. SMDV |
ALTAR Score™ vs. SMDV |
|---|---|---|---|---|
| CSB | VictoryShares US Small Cap High Dividend Volatility Wtd ETF | 27.6% | -5 bp | -1.2% |
| DES | WisdomTree U.S. SmallCap Dividend Fund | 19.8% | -2 bp | +0.4% |
| SMLV | SPDR SSGA US Small Cap Low Volatility Index ETF | 17.5% | -28 bp | +0.7% |
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 16.9% | -15 bp | +0.4% |
| FLQS | Franklin U.S. Small Cap Multifactor Index ETF | 16.8% | -5 bp | +0.1% |
| XSHD | Invesco S&P SmallCap High Dividend Low Volatility ETF | 15.6% | -10 bp | +3.5% |
| TPSC | Timothy Plan US Small Cap Core ETF | 15.0% | +12 bp | +0.1% |
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 14.7% | +20 bp | +0.9% |
| PEY | Invesco High Yield Equity Dividend Achievers ETF | 14.2% | +12 bp | +3.6% |
| JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 14.1% | -11 bp | +0.1% |
Risk and Returns: SMDV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SMDV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
SMDV
6.3%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. SMDV's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places SMDV in the 66th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SMDVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| SMDV (40 bp) Percentile rank | 63 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SMDV | 40.0 | 8.7 | 48.7 |
| Peer Avg. | 20.9 | 9.1 | 29.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .