State Street® SPDR® US Small Cap Low Volatility Index ETF

State Street® SPDR® US Small Cap Low Volatility Index ETF

About

State Street® SPDR® US Small Cap Low Volatility Index ETF (US78468R8878) is a US-listed equity ETF tracking the State Street US Small Cap Low Volatility Index. With a expense ratio of 0.12%, it is competitively priced, paying distributions. The fund holds 401 positions across 1 region with 255M in assets, with heavy concentration — 77% in United States, launched in 2013. Over the past year, the fund returned 23.8%. We rate this fund 7.0/10.

7.0
  • 21%Tracking Difference9.3
  • TD Consistency
  • 9%Expense Ratio7.4
  • 11.25%Holding Count6.5
  • 22.5%Country Concentration4.8
  • 11.25%Sector Concentration9.3
  • 25%Assets Under Management6.2

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice. Last updated: Jul 14, 2026

Ticker SMLV
ISIN
Fund Size $255.0M
Issuer SPDR
Distribution Pays Distributions
Replication
Inception Feb 2013
Base Currency USD
Index State Street US Small Cap Low Volatility Index
Asset Class Equities
Category Factor Equity

Costs

8.8
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.

Expense Ratio0.12%
 
Metric Value
Expense Ratio 0.12%

Cumulative Returns

Performance across different time periods.
1 Month+1.75%
3 Months+0.11%
Year to Date+13.99%
1 Year+23.78%
3 Years+17.92%
5 Years+8.07%
Inception+10.57%
 
Period Cumulative Return
1 Month +1.75%
3 Months +0.11%
6 Months +0.16%
1 Year +23.78%
3 Years +17.92%
5 Years +8.07%
10 Years +10.23%
YTD +13.99%
Since Inception +10.57%

Holdings

6.5
This fund holds 401 individual investments, offering moderate diversification compared to other ETFs.
 
Holding Weight
Horace Mann Educators Corp 0.66%
Phillips Edison & Co Inc 0.63%
City Holding Co 0.59%
SSI US GOV MONEY MARKET CLASS 0.59%
American States Water Co 0.57%
Northwestern Energy Group Inc 0.56%
Atlanta Braves Holdings Inc 0.55%
Landstar System Inc 0.54%
Selective Insurance Group Inc 0.54%
McGrath RentCorp 0.51%
Apple Hospitality REIT Inc 0.50%
Chemed Corp 0.50%
MSC Industrial Direct Co Inc 0.50%

Sectors

9.3
This fund is well-diversified across 12 sectors, with no single sector dominating.
 
Sector Weight
Financials 23.83%
Unknown 23.07%
Industrials 12.30%
Technology 7.79%
Real Estate 7.45%
Health Care 7.23%
Consumer Discretionary 6.46%
Materials 4.00%
Consumer Staples 2.87%
Utilities 2.44%
Communication Services 1.52%
Energy 1.04%

Regions

4.8
This fund is concentrated in just 2 countries, with significant geographic concentration.
 
Country Weight
United States 76.94%
UNKNOWN 23.06%

Nerd Stuff

Advanced risk and return metrics (17 July 2023 — 7 July 2026).
18.5%
Volatility
-21.4%
Max Drawdown
0.66
Sharpe Ratio
1.01
Sortino Ratio
0.57
Calmar Ratio
0.33
Beta
5.98%
Alpha (Jensen's)
0.078
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
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