The ProShares Russell 2000 Dividend Growers ETF (SMDV) is managed by ProShare Advisors and aims to provide investment results that closely track the performance of the Russell 2000 Dividend Growth Index. This index, constructed and maintained by FTSE International Limited, focuses on companies that are current members of the Russell 2000 Index, have a track record of increasing dividend payments for at least ten consecutive years, and meet specific market capitalization and liquidity requirements, collectively referred to as the Initial Index Requirements. The index consists of a minimum of 40 stocks, all equally weighted, with no single sector allowed to comprise more than 30% of the index weight.
The ProShares Russell 2000 Dividend Growers ETF (SMDV) is designed to mirror the performance of the Russell 2000 Dividend Growth Index. This index specifically targets companies that have a track record of increasing dividend payments for at least 10 consecutive years while meeting certain market capitalization and liquidity criteria. The Index contains a minimum of 40 equally-weighted stocks, with no single sector accounting for more than 30% of the total weight. It is important to note that only the top 80% of Russell 2000 constituents, based on 20-day average daily dollar traded volume, are eligible for inclusion in the index. The Index undergoes quarterly rebalancing with an annual reconstitution, striving to maintain its focus on dividend growth. While SMDV primarily seeks capital appreciation, investors may also expect some level of dividend returns from this ETF.
Tracking the performance of the Russell 2000 Dividend Growth Index is the primary objective of the ProShares Russell 2000 Dividend Growers ETF (SMDV). The ETF invests in a diversified portfolio of U.S. small-cap stocks that meet specific criteria, including having a history of increasing dividend payments for at least 10 consecutive years and meeting market capitalization and liquidity requirements. SMDV seeks to replicate the index's returns and provides investors with exposure to companies with strong dividend growth.
The correlation aspect of the ProShares Russell 2000 Dividend Growers ETF (SMDV) is vital for understanding its performance in relation to dividend-growing small-cap stocks. As an ETF tracking the Russell 2000 Dividend Growth Index, SMDV's correlation with this specific segment of the market is expected to be high, reflecting its focus on companies with consistent dividend growth records. Investors often analyze SMDV's correlation with other asset classes or sectors to assess its potential for income generation, risk management, and portfolio diversification. For detailed insights into SMDV's correlations and overlaps with various market components, consider using our tool ETF Insider, which offers a user-friendly web app for in-depth data visualization and analysis of US ETFs.
The ProShares Russell 2000 Dividend Growers ETF (SMDV) focuses on companies that are members of the Russell 2000 Index and have consistently increased dividend payments for at least 10 consecutive years. SMDV follows an index constructed and maintained by FTSE International Limited, with a minimum of 40 equally-weighted stocks. The ETF is designed to offer exposure to companies meeting these dividend growth criteria while maintaining sector diversification, with no single sector allowed to comprise more than 30% of the index weight. As of May 31, 2022, the index had a concentration in the financials industry group and was focused on the utilities and industrials industry groups, providing investors with a targeted approach to income and growth within small-cap stocks.
The exposure characteristic of the ProShares Russell 2000 Dividend Growers ETF (SMDV) is centered on dividend-paying companies within the small-cap segment of the U.S. equity market. SMDV tracks the performance of the Russell 2000 Dividend Growth Index, which includes companies that have consistently increased their dividend payments for at least 10 consecutive years. By investing in such dividend growers, SMDV offers investors an opportunity to access small-cap stocks with a strong history of shareholder-friendly policies. This ETF''s exposure provides a unique angle to capture income potential within the small-cap equity space.
ETF Insider is a data-driven portfolio analytics and optimization platform that introduces a more efficient and practical way to visualize, analyze and optimize portfolios.
Rather than focusing on the surface-level attributes of ETFs and Mutual Funds, ETF Insider goes deeper by examining the underlying holdings of exchange traded products.
By organizing and structuring that data, investors can easily navigate within their overlapping layers.
This innovative perspective combined with modern data visualization and modeling tools, provides an entirely new approach to portfolio optimization that can quickly expose both portfolio inefficiencies and opportunities.
5 min readThe SMDV ETF is a specialized investment fund that focuses on global companies in the relevant sectors. This exchange-traded fund offers investors exposure to a diverse range of innovative and cutting-edge companies engaged in advancements in the industry. Discover the potential growth opportunities and risks associated with investing in this dynamic sector through the SMDV ETF.
5 min readThe USL ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
5 min readCompare the FKRCX and RING ETFs with our thorough analysis. Dive into the performance metrics, underlying assets, and investment strategies.
ETF Insider is a novel portfolio optimization tool that uses the power of data visualization to gain insight into portfolio compositions, concentration risks, portfolio efficiency and more. Complex financial data can be transformed into visually appealing and easily digestible graphs and charts, allowing investors to quickly identify trends and make well-informed investment decisions. Not only does this save time, but it also increases the accuracy and effectiveness of portfolio management.
