Designed to provide broad exposure to the Small Cap Value segment of the US equity market, the WisdomTree U.S. SmallCap Fund (EES) is a passively managed exchange traded fund launched on 02/23/2007.The fund is sponsored by Wisdomtree. It has amassed assets over $743.44 M, making it one of the average sized ETFs attempting to match the Small Cap Value segment of the US equity market.Why Small Cap ValueSitting at a market capitalization below $2 billion, small cap companies tend to be high-potential stocks compared to its large and mid cap counterparts, but come with higher risk.Value stocks are known for their lower than average price-to-earnings and price-to-book ratios, but investors should also note their lower than average sales and earnings growth rates. Considering long-term performance, value stocks have outperformed growth stocks in almost all markets; however, they are more likely to underperform growth stocks in strong bull markets.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 0.38%, putting it on par with most peer products in the space.It has a 12-month trailing dividend yield of 1.50%.Sector Exposure and Top HoldingsIt is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation to the Consumer Discretionary sector--about 23.20% of the portfolio. Financials and Industrials round out the top three.Looking at individual holdings, Lithia Motors Inc (LAD) accounts for about 1.09% of total assets, followed by Kb Home (KBH) and Dana Inc (DAN).The top 10 holdings account for about 7.53% of total assets under management.Performance and RiskEES seeks to match the performance of the WisdomTree U.S. SmallCap Earnings Index before fees and expenses. The WisdomTree U.S. SmallCap Earnings Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the small-capitalization segment of the U.S. Stock Market.The ETF has added roughly 5.70% so far this year and is down about -15.04% in the last one year (as of 08/21/2019). In the past 52-week period, it has traded between $30.28 and $40.77.The ETF has a beta of 1.18 and standard deviation of 15.87% for the trailing three-year period, making it a medium risk choice in the space. With about 848 holdings, it effectively diversifies company-specific risk.AlternativesWisdomTree U.S. SmallCap Fund carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, EES is a sufficient option for those seeking exposure to the Style Box - Small Cap Value area of the market. Investors might also want to consider some other ETF options in the space.The iShares Russell 2000 Value ETF (IWN) and the Vanguard Small-Cap Value ETF (VBR) track a similar index. While iShares Russell 2000 Value ETF has $8.51 B in assets, Vanguard Small-Cap Value ETF has $12.79 B. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Bottom-LineAn increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.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 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 WisdomTree U.S. SmallCap Fund (EES): ETF Research Reports Lithia Motors, Inc. (LAD): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report KB Home (KBH): Free Stock Analysis Report Vanguard Small-Cap Value ETF (VBR): ETF Research Reports iShares Russell 2000 Value ETF (IWN): ETF Research Reports To read this article on Zacks.com click here.