ITAN vs SMRI
Sparkline Intangible Value ETF vs Bushido Capital US Equity ETF
Which is better, ITAN or SMRI?
SMRI has been ahead.
ITAN has a lower expense ratio. SMRI led over 1Y and the full window. SMRI is less concentrated, with 21.6% of the fund in its ten largest positions against 22.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ITAN | SMRI |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.71% |
| AUM | $121M | $690M |
| Dividend Yield | 1.01% | 1.50% |
| Holdings | 157 | 52 |
| YTD Return | +19.00% | +29.18%Best |
| 1Y Return | +28.38% | +36.86%Best |
| 3Y Return (annualized) | +24.36% | - |
| 5Y Return (annualized) | +12.65% | - |
| Volatility (annualized) | 13.3%Best | 16.5% |
| Max Drawdown | -20.5% | -18.1%Best |
| $10,000 over 2.7 years | $16,712 | $18,176Best |
| Top 10 Weight | 22.8% | 21.6%Best |
| Fund Family | Sparkline Capital | Bushido Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 29, 2021 | Sep 14, 2023 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Feb 7, 2024 to Oct 14, 2026 (2.7 years).
ITAN vs SMRI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.7 years both funds cover.
ITAN vs SMRI Performance
Sparkline Intangible Value ETF (ITAN) is an ETF from Sparkline Capital and Bushido Capital US Equity ETF (SMRI) is an ETF from Bushido Capital. Over the past year ITAN returned +28.38% while SMRI returned +36.86%. Year to date, ITAN is up 19.00% versus a gain of 29.18% for SMRI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMRI has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 13.3% for ITAN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.5% for ITAN and -18.1% for SMRI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ITAN charges 0.50% per year while SMRI charges 0.71%. On a $10,000 position that is $50 vs $71 annually, a gap of $21 per year that compounds over a long holding period. On income, ITAN currently yields 1.01% against 1.50% for SMRI.
Holdings Overlap
15.1% of ITAN's money is in holdings SMRI also owns. 32.5% of SMRI's money is in holdings ITAN also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 154 positions we hold weights for in ITAN and 51 in SMRI, against full books of 157 and 52.
What only one of them owns
Our book lists 33 positions for SMRI that do not appear in our book for ITAN (65.5% of the fund), and 130 for ITAN that do not appear in SMRI (81.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ITAN | Weight in SMRI | Difference |
|---|---|---|---|
| ACNAccenture Plc | 1.56% | 2.37% | 0.81% |
| IBMInternational Business Machines Corp. | 1.84% | 2.01% | 0.17% |
| QCOMQualcomm Inc. | 1.91% | 1.83% | 0.08% |
| CRMSalesforce Inc Crm Us Equity | 1.67% | 2.03% | 0.36% |
| ADBEAdobe Systems | 1.16% | 2.05% | 0.89% |
| UBERUber Technologies Inc | 1.10% | 1.96% | 0.86% |
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 1.06% | 1.98% | 0.92% |
| CTSHCognizant Technology Solutions Corp. Class A | 0.66% | 2.13% | 1.47% |
| WDAYWorkday, Inc., Class A | 0.72% | 1.99% | 1.27% |
| ZMZoom Communications Inc | 0.60% | 2.10% | 1.50% |
32.5% of SMRI is already inside ITAN.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ITAN or SMRI?
ITAN has an expense ratio of 0.50% while SMRI charges 0.71%. ITAN is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, ITAN or SMRI?
Over the past year ITAN returned +28.38% vs +36.86% for SMRI, so SMRI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ITAN or SMRI?
SMRI has been the more volatile fund at 16.5% annualized versus 13.3% for ITAN. Worst drawdown: ITAN -20.5% vs SMRI -18.1%.
Should I hold both ITAN and SMRI?
ITAN and SMRI have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ITAN and SMRI?
32.5% of SMRI's money is in holdings ITAN also owns. 32.5% of SMRI's is in holdings ITAN also owns. They hold 17 positions in common, counted across the 154 positions we hold weights for in ITAN and 51 in SMRI.
Which pays a higher dividend, ITAN or SMRI?
ITAN yields 1.01% while SMRI yields 1.50%, so SMRI currently pays the higher dividend yield.
Is SMRI better than ITAN?
ITAN has a lower expense ratio. SMRI led over 1Y and the full window. SMRI is less concentrated, with 21.6% of the fund in its ten largest positions against 22.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.