IVV vs SMHB
iShares Core S&P 500 ETF vs ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B
Which is better, IVV or SMHB?
Large Cap Blend against Trading-Leveraged Equity.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | IVV | SMHB |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.85% |
| AUM | $896.5B | $22M |
| Dividend Yield | 1.10% | 19.44% |
| Holdings | 508 | - |
| YTD Return | +13.59%Best | -11.44% |
| 1Y Return | +17.54%Best | -16.12% |
| 3Y Return (annualized) | +22.46%Best | -3.71% |
| 5Y Return (annualized) | +13.28%Best | -10.44% |
| Volatility (annualized) | 16.7%Best | 54.9% |
| Max Drawdown | -33.9%Best | -92.4% |
| $10,000 over 5 years | $18,654Best | $5,762 |
| Fund Family | iShares by BlackRock (US) | UBS AG |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Equity |
| Inception | May 15, 2000 | Nov 8, 2018 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 9, 2018 to Oct 14, 2026 (7.9 years).
IVV vs SMHB 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 7.9 years both funds cover.
IVV vs SMHB Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (SMHB) is an ETF from UBS AG. Over the past year IVV returned +17.54% while SMHB returned -16.12%. Year to date, IVV is up 13.59% versus a loss of 11.44% for SMHB.
Over three years, IVV compounded at +22.46% per year against -3.71% for SMHB; over five years the annualized figures are +13.28% and -10.44% respectively. Across the full 8-year window we track, IVV has the edge at +14.81% annualized vs -13.37%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMHB has been the more volatile fund, with annualized monthly volatility of 54.9% compared with 16.7% for IVV. 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 -33.9% for IVV and -92.4% for SMHB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SMHB charges 0.85%. On a $10,000 position that is $3 vs $85 annually, a gap of $82 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 19.44% for SMHB.
You are not choosing between two funds in isolation.
Whichever of IVV and SMHB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SMHB?
IVV has an expense ratio of 0.03% while SMHB charges 0.85%. IVV is the cheaper option, by $82 a year on a $10,000 investment.
Which performed better, IVV or SMHB?
Over the past year IVV returned +17.54% vs -16.12% for SMHB, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +14.81% vs -13.37% for SMHB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SMHB?
SMHB has been the more volatile fund at 54.9% annualized versus 16.7% for IVV. Worst drawdown: IVV -33.9% vs SMHB -92.4%.
Should I hold both IVV and SMHB?
IVV and SMHB have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or SMHB?
IVV yields 1.10% while SMHB yields 19.44%, so SMHB currently pays the higher dividend yield.
Is SMHB better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.