Looking for broad exposure to the Small Cap Blend segment of the US equity market? You should consider the iShares Core S&P SmallCap ETF (IJR), a passively managed exchange traded fund launched on 05/22/2000.The fund is sponsored by Blackrock. It has amassed assets over $59.18 billion, making it the largest ETFs attempting to match the Small Cap Blend segment of the US equity market.Why Small Cap BlendSmall cap companies have market capitalization below $2 billion. They usually have higher potential than large and mid cap companies with stocks but higher risk.Blend ETFs usually hold a mix of growth and value stocks as well as stocks that exhibit both value and growth characteristics.CostsCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.Annual operating expenses for this ETF are 0.06%, making it one of the least expensive products in the space.It has a 12-month trailing dividend yield of 1.89%.Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation to the Industrials sector--about 15.90% of the portfolio. Information Technology and Consumer Discretionary round out the top three.Looking at individual holdings, Blk Csh Fnd Treasury Sl Agency (XTSLA) accounts for about 1.37% of total assets, followed by Agree Realty Reit Corp (ADC) and Exlservice Holdings Inc (EXLS).Performance and RiskIJR seeks to match the performance of the S&P SmallCap 600 Index before fees and expenses. The S&P SmallCap 600 Index measures the performance of the small capitalization sector of the U.S. equity market.The ETF has lost about -23.45% so far this year and is down about -19.55% in the last one year (as of 09/30/2022). In the past 52-week period, it has traded between $87.04 and $120.32.The ETF has a beta of 1.13 and standard deviation of 30.48% for the trailing three-year period, making it a medium risk choice in the space. With about 684 holdings, it effectively diversifies company-specific risk.AlternativesIShares Core S&P SmallCap ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, IJR is an outstanding option for investors seeking exposure to the Style Box - Small Cap Blend segment of the market. There are other additional ETFs in the space that investors could consider as well.The Vanguard SmallCap ETF (VB) and the iShares Russell 2000 ETF (IWM) track a similar index. While Vanguard SmallCap ETF has $37.67 billion in assets, iShares Russell 2000 ETF has $48.45 billion. VB has an expense ratio of 0.05% and IWM charges 0.19%.Bottom-LineWhile an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares Core S&P SmallCap ETF (IJR): ETF Research Reports ExlService Holdings, Inc. (EXLS): Free Stock Analysis Report Agree Realty Corporation (ADC): Free Stock Analysis Report iShares Russell 2000 ETF (IWM): ETF Research Reports Vanguard SmallCap ETF (VB): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research