Which returned more over the last year, SMMD or SPGP?

In the year to Nov 4, 2026, with distributions reinvested, SMMD returned +22.4% and SPGP +17.0%.

Which is cheaper, SMMD or SPGP?

SMMD is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do SMMD and SPGP overlap with the S&P 500?

By their latest filed holdings, 10% of SMMD and 100% of SPGP by weight is stocks the S&P 500 already holds.

Data as of Nov 4, 2026.

Across categories

SMMD vs SPGP: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Nov 4, 2026, SMMD returned +22.4% to SPGP's +17.0%; 1% of their weight is in the same names.

askIQ about this page

askIQ about SMMD and SPGP

Net assets on Nov 3, 2026: $4.2bn for iShares Russell 2500 ETF and $2.1bn for Invesco S&P 500 GARP ETF.

SMMD on its own →SPGP on its own →

At a glance

+22.4%

SMMD total return, 1 year

+17.0%

SPGP total return, 1 year

0.15%

SMMD expense ratio

0.34%

SPGP expense ratio

Pair scorecard

SMMD costs 0.19 points a year less; their one-year returns differ by 5.4 points; SMMD is 2.0 times larger.

SMMD vs SPGP: Differences, Returns & Fees
Measure	SMMD	SPGP
Return
Measure	SMMD	SPGP
Total return, 1 year	+22.4%	+17.0%
Drawdown
Measure	SMMD	SPGP
Below its high	5.3%, high on Aug 14, 2026
Benchmark
Measure	SMMD	SPGP
What it tracks	Russell 2500 Index	S&P 500 GARP Index
Cost and size
Measure	SMMD	SPGP
Expense ratio	0.15%	0.34%
Net assets, as of Nov 3, 2026	$4.2bn	$2.1bn
Holdings
Measure	SMMD	SPGP
Holdings in common	1%
Top ten holdings, share of the fund	43.4%	20.5%

Method

What they share

By the books each fund has filed, SMMD and SPGP hold 1% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first SMMD SPGP

EVEREST GROUP 0.22% 1.27%

ASSURANT INC 0.20% 1.32%

GODADDY CLASS A 0.20% 1.60%

GLOBE LIFE 0.17% 0.92%

UNIVERSAL HEALTH SERVICES CLASS B 0.13% 1.47%

Only in one fund ↓

Only in SMMD

ISHARES RUSSELL 2000 ETF 40.62%

ATI 0.34%

GUARDANT HEALTH 0.31%

PACKAGING CORP OF AMERICA 0.31%

RELIANCE STEEL & ALUMINUM 0.31%

US FOODS HOLDING 0.31%

VIATRIS 0.31%

NISOURCE 0.30%

Only in SPGP

Eli Lilly & Co 2.27%

NVIDIA Corp 2.25%

Cincinnati Financial Corp 2.23%

Progressive Corp 2.14%

Arch Capital Group Ltd 2.13%

Royal Caribbean Cruises Ltd 2.03%

Expedia Group Inc 1.94%

Arista Networks Inc 1.89%

Check overlap with more funds →

Side by side

SMMD iShares Russell 2500 ETF SPGP Invesco S&P 500 GARP ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Invesco

What it is Tracks an index Tracks an index

Total return, 1 year +22.4% +17.0%

Its benchmark over the same days +14.8% (IWV) +14.8% (VOO)

Gap to its benchmark +7.6 pts vs IWV +2.2 pts vs VOO

Expense ratio 0.15% 0.34%

Already in the S&P 500 10.3% 100.0%

Holdings 516 76

Net assets, as of Nov 3, 2026 $4.2bn $2.1bn

SMMD and SPGP on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

Client brief:

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

SMMD

Over the year to Nov 4, 2026 it returned +22.4% with distributions reinvested, against +14.8% for its benchmark, the Russell 3000 Index.

SMMD tracks an index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Nov 3, 2026, 10% of the fund by weight is stocks the S&P 500 also holds, across 516 positions, with the top ten at 43.4%. It sat 5.3% below its high of Aug 14, 2026 on Nov 4, 2026.

SPGP

SPGP tracks an index. Over the year to Nov 4, 2026 it returned +17.0% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Nov 3, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 76 positions, with the top ten at 20.5%.

Questions people ask

Which returned more over the last year, SMMD or SPGP?: In the year to Nov 4, 2026, with distributions reinvested, SMMD returned +22.4% and SPGP +17.0%.
Which is cheaper, SMMD or SPGP?: SMMD is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SMMD and SPGP overlap with the S&P 500?: By their latest filed holdings, 10% of SMMD and 100% of SPGP by weight is stocks the S&P 500 already holds.

Other comparisons

SMMD vs VFMO IMCB vs SMMD FLQM vs SMMD FTC vs SMMD CGMM vs SPGP FSMD vs SPGP COWG vs SPGP SPGP vs VFMO

Where to next

SMMD on its own →SPGP on its own →Hold both: look the portfolio through →Rankings →SMMD dividend history →SMMD holdings →SPGP dividend history →SPGP holdings →Standards and sources →

Sources and dates

SMMD filings on SEC EDGAR ↗

SMMD prospectus with the expense ratio (SEC) ↗

iShares page for SMMD ↗

SPGP filings on SEC EDGAR ↗

SPGP prospectus with the expense ratio (SEC) ↗

Invesco page for SPGP ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, SMMD against SPGP, data as of Nov 4, 2026. https://etfiq.com/compare/any/smmd-vs-spgp

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.