AMID vs SMIZ
Argent Mid Cap ETF vs Zacks Small/Mid Cap ETF
Which is better, AMID or SMIZ?
SMIZ has been ahead.
AMID has a lower expense ratio. SMIZ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. SMIZ is less concentrated, with 11.7% of the fund in its ten largest positions against 31.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AMID | SMIZ |
|---|---|---|
| Expense Ratio | 0.52%Best | 0.55% |
| AUM | $119M | $280M |
| Dividend Yield | 0.33% | 0.56% |
| Holdings | 48 | 402 |
| YTD Return | +7.28% | +9.29%Best |
| 1Y Return | +6.87% | +10.75%Best |
| 3Y Return (annualized) | +12.21% | +18.63%Best |
| Volatility (annualized) | 16.7%Best | 17.2% |
| Max Drawdown | -23.1%Best | -25.0% |
| $10,000 over 3 years | $14,525 | $16,949Best |
| Top 10 Weight | 31.5% | 11.7%Best |
| Fund Family | Alpha Architect | Zacks |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Aug 17, 2022 | Oct 3, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 3, 2023 to Oct 14, 2026 (3 years).
AMID vs SMIZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
AMID vs SMIZ Performance
Argent Mid Cap ETF (AMID) is an ETF from Alpha Architect and Zacks Small/Mid Cap ETF (SMIZ) is an ETF from Zacks. Over the past year AMID returned +6.87% while SMIZ returned +10.75%. Year to date, AMID is up 7.28% versus a gain of 9.29% for SMIZ.
Over three years, AMID compounded at +12.21% per year against +18.63% for SMIZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMIZ has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 16.7% for AMID. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.1% for AMID and -25.0% for SMIZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AMID charges 0.52% per year while SMIZ charges 0.55%. On a $10,000 position that is $52 vs $55 annually, a gap of $3 per year that compounds over a long holding period. On income, AMID currently yields 0.33% against 0.56% for SMIZ.
Holdings Overlap
21.4% of AMID's money is in holdings SMIZ also owns. 5.8% of SMIZ's money is in holdings AMID also owns.
AMID and SMIZ share little of their money.
10 positions in common, counted across the 47 positions we hold weights for in AMID and 199 in SMIZ, against full books of 48 and 402.
What only one of them owns
Our book lists 173 positions for SMIZ that do not appear in our book for AMID (84.9% of the fund), and 35 for AMID that do not appear in SMIZ (74.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AMID | Weight in SMIZ | Difference |
|---|---|---|---|
| FIXComfort Systems USA Inc. | 3.29% | 1.11% | 2.18% |
| ILMNIllumina, Inc. | 2.73% | 0.60% | 2.13% |
| HNGEHinge Health Inc | 2.27% | 0.59% | 1.68% |
| 0RMV:LNTechnipfmc Plc Ordinary Shares | 2.22% | 0.58% | 1.64% |
| FTNTFortinet Inc | 2.19% | 0.55% | 1.64% |
| EWBCEast West Bancorp, Inc. | 1.94% | 0.62% | 1.32% |
| FERG:LNFerguson Plc | 1.82% | 0.54% | 1.28% |
| VRTVertiv Holdings Co | 1.71% | 0.39% | 1.32% |
| CHRWCh Robinson Worldwide Inc. | 1.53% | 0.52% | 1.01% |
| NBIXNeurocrine Biosciences Inc | 1.66% | 0.35% | 1.31% |
21.4% of AMID is already inside SMIZ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AMID or SMIZ?
AMID has an expense ratio of 0.52% while SMIZ charges 0.55%. AMID is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, AMID or SMIZ?
Over the past year AMID returned +6.87% vs +10.75% for SMIZ, so SMIZ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AMID or SMIZ?
SMIZ has been the more volatile fund at 17.2% annualized versus 16.7% for AMID. Worst drawdown: AMID -23.1% vs SMIZ -25.0%.
Should I hold both AMID and SMIZ?
AMID and SMIZ have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AMID and SMIZ?
21.4% of AMID's money is in holdings SMIZ also owns. 5.8% of SMIZ's is in holdings AMID also owns. They hold 10 positions in common, counted across the 47 positions we hold weights for in AMID and 199 in SMIZ.
Which pays a higher dividend, AMID or SMIZ?
AMID yields 0.33% while SMIZ yields 0.56%, so SMIZ currently pays the higher dividend yield.
Is SMIZ better than AMID?
AMID has a lower expense ratio. SMIZ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. SMIZ is less concentrated, with 11.7% of the fund in its ten largest positions against 31.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.