IVV vs SMIZ
iShares Core S&P 500 ETF vs Zacks Small/Mid Cap ETF
Which is better, IVV or SMIZ?
Large Cap Blend against Mid Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. SMIZ is less concentrated, with 11.7% of the fund in its ten largest positions against 38.9%.
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 | SMIZ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.55% |
| AUM | $896.5B | $280M |
| Dividend Yield | 1.10% | 0.56% |
| Holdings | 508 | 402 |
| YTD Return | +13.59%Best | +9.29% |
| 1Y Return | +17.54%Best | +10.75% |
| 3Y Return (annualized) | +22.46%Best | +18.63% |
| 5Y Return (annualized) | +13.28% | - |
| Volatility (annualized) | 12.2%Best | 17.2% |
| Max Drawdown | -18.8%Best | -25.0% |
| $10,000 over 3 years | $18,846Best | $16,949 |
| Top 10 Weight | 38.9% | 11.7%Best |
| Fund Family | iShares by BlackRock (US) | Zacks |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Blend |
| Inception | May 15, 2000 | Oct 3, 2023 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 3, 2023 to Oct 14, 2026 (3 years).
IVV vs SMIZ 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 3 years both funds cover.
IVV vs SMIZ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Zacks Small/Mid Cap ETF (SMIZ) is an ETF from Zacks. Over the past year IVV returned +17.54% while SMIZ returned +10.75%. Year to date, IVV is up 13.59% versus a gain of 9.29% for SMIZ.
Over three years, IVV compounded at +22.46% per year against +18.63% for SMIZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMIZ has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 12.2% 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 -18.8% for IVV and -25.0% for SMIZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SMIZ charges 0.55%. On a $10,000 position that is $3 vs $55 annually, a gap of $52 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.56% for SMIZ.
Holdings Overlap
4.1% of IVV's money is in holdings SMIZ also owns. 27.6% of SMIZ's money is in holdings IVV also owns.
SMIZ and IVV share little of their money.
55 positions in common, counted across the 506 positions we hold weights for in IVV and 199 in SMIZ, against full books of 508 and 402.
What only one of them owns
Our book lists 126 positions for SMIZ that do not appear in our book for IVV (62.0% of the fund), and 445 for IVV that do not appear in SMIZ (95.3%).
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 IVV | Weight in SMIZ | Difference |
|---|---|---|---|
| EMEEmcor Group Inc | 0.05% | 1.59% | 1.54% |
| ANETArista Networks Inc. | 0.32% | 1.16% | 0.84% |
| FIXComfort Systems USA Inc. | 0.09% | 1.11% | 1.02% |
| PSXPhillips 66 | 0.16% | 0.88% | 0.72% |
| EXPDExpeditors International Of Washington Inc | 0.04% | 0.98% | 0.94% |
| NTRSNorthern Trust Corp. | 0.05% | 0.96% | 0.91% |
| HWMHowmet Aerospace | 0.14% | 0.79% | 0.65% |
| MCKMckesson Corp. | 0.16% | 0.74% | 0.58% |
| EXPEExpedia Inc | 0.05% | 0.84% | 0.79% |
| GLWCorning Inc. | 0.19% | 0.68% | 0.49% |
27.6% of SMIZ is already inside IVV.
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, IVV or SMIZ?
IVV has an expense ratio of 0.03% while SMIZ charges 0.55%. IVV is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, IVV or SMIZ?
Over the past year IVV returned +17.54% vs +10.75% for SMIZ, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SMIZ?
SMIZ has been the more volatile fund at 17.2% annualized versus 12.2% for IVV. Worst drawdown: IVV -18.8% vs SMIZ -25.0%.
Should I hold both IVV and SMIZ?
IVV and SMIZ have a monthly-return correlation of 0.81, 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 IVV and SMIZ?
27.6% of SMIZ's money is in holdings IVV also owns. 27.6% of SMIZ's is in holdings IVV also owns. They hold 55 positions in common, counted across the 506 positions we hold weights for in IVV and 199 in SMIZ.
Which pays a higher dividend, IVV or SMIZ?
IVV yields 1.10% while SMIZ yields 0.56%, so IVV currently pays the higher dividend yield.
Is SMIZ better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. SMIZ is less concentrated, with 11.7% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.