If you're interested in broad exposure to the Small Cap Value segment of the US equity market, look no further than the WisdomTree U.S. SmallCap ETF (EES), a passively managed exchange traded fund launched on 02/23/2007.The fund is sponsored by Wisdomtree. It has amassed assets over $382.31 million, making it one of the average sized ETFs attempting to match the Small Cap Value segment of the US equity market.Why Small Cap ValueSmall cap companies have market capitalization below $2 billion. They usually have higher potential than large and mid cap companies with stocks but 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. While value stocks have outperformed growth stocks in nearly all markets when you consider long-term performance, growth stocks are more likely to outpace value stocks in strong bull markets.CostsWhen considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.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 2.69%.Sector Exposure and Top HoldingsWhile ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation to the Financials sector--about 26.40% of the portfolio. Industrials and Consumer Discretionary round out the top three.Looking at individual holdings, Amc Networks Inc (AMCX) accounts for about 1.05% of total assets, followed by Levi Strauss & Co- Class A (LEVI) and Warrior Met Coal Inc (HCC).The top 10 holdings account for about 7.33% 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 lost about -46.62% so far this year and is down about -42.76% in the last one year (as of 04/06/2020). In the past 52-week period, it has traded between $19.73 and $38.59.The ETF has a beta of 1.40 and standard deviation of 24.12% for the trailing three-year period, making it a medium risk choice in the space. With about 850 holdings, it effectively diversifies company-specific risk.AlternativesWisdomTree U.S. SmallCap ETF 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 good 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 $5.96 billion in assets, Vanguard Small-Cap Value ETF has $8.92 billion. 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 ETF (EES): ETF Research Reports AMC Networks Inc. (AMCX): Free Stock Analysis Report Warrior Met Coal Inc. (HCC): Free Stock Analysis Report Vanguard Small-Cap Value ETF (VBR): ETF Research Reports iShares Russell 2000 Value ETF (IWN): ETF Research Reports Levi Strauss & Co. (LEVI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research