SMIZ ETF — Zacks Small/Mid Cap ETF

Zacks Small/Mid Cap ETF (SMIZ)

Updated October 16, 2026.

SMIZ is an ETF. its distribution rate is 0.56%, its trailing-12-month yield is 0.56%, its expense ratio is 0.55%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 69.2% over the past 3 years, 18.5 points behind SPY at 87.7%.

Zacks Small/Mid Cap ETF is an equity fund that invests at least 80% of its assets in equity securities of small and midsize U.S. companies, seeking to generate positive risk-adjusted returns. The fund carries a modest distribution rate with annual distributions and has an expense ratio of 0.55%. It appeals to investors seeking exposure to small and midcap equities, typically growth-oriented investors willing to accept higher volatility for potential long-term capital appreciation.

SMIZ performance versus SPY

Price and return data through 2026-10-16.

Total return is 69.2% over the past 3 years, 18.5 points behind SPY at 87.7%. Over the past year its total return — price change plus distributions reinvested — is 11.0%. Its deepest 1-year drawdown was 10.5%.

SMIZ key facts

Distribution Safety Score™

50 · Unproven

Issuer

Zacks Investment Management

Asset type

ETF

Asset class

Equity

Inception date

10/02/2023

Expense ratio

0.55%

Distribution rate

0.56%

Distribution frequency

Annual

Trailing yield

0.56%

Last close

$40.66 (as of 2026-10-16)

AUM

$279,659,795

Average volume

17034.0

Dividend

$0.229

Ex-dividend date

12/29/2025

Payment date

01/02/2026

Beta

1.1949

How Dividend Vision calculates yield and returns

Distribution rate (0.56%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.56%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Zacks Investment Management; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SMIZ risks and drawbacks

SMIZ's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 10.5%.

Who may consider SMIZ — and who may not

It is a weaker fit for investors who need monthly cash flow (SMIZ pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on SMIZ

• All tickers starting with S

Tagged: Mid Cap.

Frequently asked questions

More securities from Zacks Investment Management.