SMLV

SPDR SSGA US Small Cap Low Volatility Index ETF

SPDR Russell 2000 Low Volatility ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Russell 2000 Low Volatility Index.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

190.9 M

ASSETS UNDER MGMT

12 bp

EXPENSES
Fund Basics
Fund sponsorSSgA Funds Management Inc
CategoryUS
Asset classEquity
Websitelink...
Inception dateFeb 20, 2013
Assets (mns)$191
Expense ratio12 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionTechnical
WeightingTechnical
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
HANOVER INSURANCE GROUP INC/ 1.9 %
PJT PARTNERS, INC. CLASS A 1.8 %
VIRTU FINANCIAL, INC. CLASS A 1.8 %
NELNET INC-CL A 1.8 %
COMMUNITY BANK SYSTEM INC 1.5 %
OLD NATL BANCORP/IN 1.5 %
CNO FINANCIAL GROUP INC 1.3 %
N B T BANCORP INC 1.3 %
ENSTAR GROUP LTD 1.3 %
GCM GROSVENOR INC. CLASS A 1.3 %
Constituent Breakdown
Number of holdings399
Herfindahl-Hirschman Index 73
Wgt avg mkt cap (mns)$2,293
Large cap (>$10bn)0.0%
Mid cap ($2-10bn)44.6%
Small cap (<$2bn)55.4%
Developed mkts.99.0%
Emerging mkts.1.0%
Country Exposure
UNITED STATES 93.3 %
BERMUDA 1.5 %
PANAMA 1.0 %
CAYMAN ISLANDS 1.0 %
PUERTO RICO 0.8 %
Historical Performance


Standardized Performance (as of 02/28/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 2.6% 22.6% 10.6% 7.4% 11.0% 8.7% 10.2%
Volatility 16.4% 20.6% 19.7% 19.3% 26.0% 20.7% --
Market Correlations
versus...BetaR-squared
S&P 5000.8652%
MSCI EAFE0.7642%
MSCI Emg Mkts0.5018%
Liquidity Measures
Avg. volume (000)8
Turnover0.5%
Avg. Bid/Ask (% of price)0.24%
ADV of underlying (mns)$5,211
Technical Indicators
Recent close$123.96
30d moving avg.$127.00
Annualized volatility20.4%
Relative strength (RSI)41
Short interest (ETF)0.5%
Short interest (underlying)4.2%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial

Risk and Returns: SMLV 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.

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

Results & Estimates
  2020 2021 2022 2023 2024 2025E 2026E  
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

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

Valuation Metrics
  2024 2025E Fwd Est 2026E
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 --%
2.0 12.5 1.3 3.0% --
Based on closing prices from 4/2/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
SMLV



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

Some content on this tab for Individual & Professional subscribers only. Start your FREE trial

ETF Research Center Rating

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

SMLV

8.1%

Cat. Avg

5.7%


ALTAR Score™ Calculation

Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.8%. SMLV's ALTAR Score™ is approximately 0.9 standard deviations above the category average. This places SMLV in the 81st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

SMLV
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
SMLV (12 bp) Percentile rank 15
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
SMLV 12.0 23.8 35.8
Peer Avg. 32.0 15.0 47.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .