Summary
T. Rowe Price Small-Mid Cap ETF is an ETF - a fund traded on an exchange like a stock - run by T. Rowe. Positions inside: 287. The ten largest make up 9.6% of the fund.
- Yearly costs
- 0.55%
- Fund size
- $3.06B
- Positions
- 287
- Dividend yield
- 0.49%
- Running since
- 2023
What speaks for it
- Widely spread: the ten largest positions make up only 9.6% of the fund.
- A large fund with $3.06B under management.
- Easy to buy and sell: about $19.8M changes hands a day.
- Average yearly growth over the last three years: 21%.
What to watch
- 88% of the fund is in one country (United States).
- Costs of 0.55% a year are above the middle of comparable funds (0.44%).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -0.1%
- 3 months
- -3.6%
- This year
- +15%
- 1 year
- +16%
- 3 years
- +75%
- Avg. market cap
- $15.7B
- P/E
- 16.0x
- Forward P/E
- 13.6x
- P/S
- 1.7x
- P/B
- 2.7x
- P/FCF
- 13.5x
- EV/EBITDA
- 13.4x
- Dividend yield
- 0.90%
- ROIC
- 10.2%
- ROE
- 17.5%
- Gross margin
- 46.7%
- Operating margin
- 16.5%
- Net margin
- 11.1%
- Payout ratio
- 14.4%
- Net debt/EBITDA
- 1.3x
- Beta
- 1.11
Weighted average of the 50 largest companies, which make up 37% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 THTenet Healthcare THC 1.2%
- 2 BPPopular, Inc. BPOP 1.1%
- 3 PRPermian Resources Corporation PR 1.1%
- 4 CPCorpay CPAY 0.9%
- 5 NVnVent Electric NVT 0.9%
- 6 RSReliance Steel & Aluminum Co. RS 0.9%
- 7 MRMarex Group Limited MRX 0.9%
- 8 IDInterDigital IDCC 0.9%
- 9 GHGuardant Health GH 0.8%
- 10 RLRalph Lauren RL 0.8%
Positions in the fund: 287. The ten largest make up 9.6% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Technology 18%
- Healthcare 18%
- Financials 16%
- Industrials 15%
- Consumer cyclical 9.3%
- Other 23%
By country
- United States 88%
- United Kingdom 2.9%
- Bermuda 2.3%
- Canada 1.5%
- Other countries 5.0%
By company size
- Large cap 50%
- Mid cap 45%
- Small cap 4.4%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Technology (18%). Largest country: United States (88%). Largest size group: Large cap (50%).
What does it cost me?
Expensive- A year from $10,000
- $55.00
- Over 20 years
- $2,646
From every $10,000 invested the fund takes $55.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,646.
How has it done?
Growing over the long run- A year on average, 3 years
- +21%
- Deepest drop
- -25%
- Yearly volatility
- 18%
Average yearly growth over the last three years: 21%. Deepest drop in these years: 25% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.49%
- Payments a year
- 1
- Last payment
- $0.20
Over the last 12 months it paid $0.20 per share, which is 0.49% of today's price. The last payment was $0.20 on Dec 23, 2025.
Is it easy to buy and sell?
Very easy- Traded a day
- $19.8M
- Shares a day
- 481K
On an average day about $19.8M of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 16.0
- Average Bulios Score
- 65 out of 100
Weight by Bulios Fair Price
- Undervalued 26%
- Fairly valued 15%
- Overvalued 59%
On average the companies inside trade for 16.0 times their yearly profit. By Fair Price, 59% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 37% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
BK BKMC BNY Mellon US Mid Cap Core Equity ETF | United States | 0.04% | $635.5M | +7.6% | Pays out | 31% |
XM XMH.TO iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) | Canada | 0.16% | $257.2M | +8.7% | Pays out | 31% |
IJ IJH.AX iShares S&P Mid-Cap ETF | Australia | 0.07% | $341.3M | +3.7% | Pays out | 31% |
XM XMC.TO iShares S&P U.S. Mid-Cap Index ETF | Canada | 0.16% | $635.0M | +11% | Pays out | 31% |
IJ IJH iShares Core S&P Mid-Cap ETF | United States | 0.05% | $121.3B | +11% | Pays out | 31% |
SP SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF | United States | 0.03% | $18.2B | +11% | Pays out | 31% |