IVV vs SMRI
iShares Core S&P 500 ETF vs Bushido Capital US Equity ETF
Which is better, IVV or SMRI?
SMRI has been ahead.
IVV 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 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 | SMRI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.71% |
| AUM | $896.5B | $690M |
| Dividend Yield | 1.10% | 1.50% |
| Holdings | 508 | 52 |
| YTD Return | +13.59% | +29.18%Best |
| 1Y Return | +17.54% | +36.86%Best |
| 3Y Return (annualized) | +22.46% | - |
| 5Y Return (annualized) | +13.28% | - |
| Volatility (annualized) | 11.8%Best | 16.5% |
| Max Drawdown | -18.8% | -18.1%Best |
| $10,000 over 2.7 years | $16,038 | $18,176Best |
| Top 10 Weight | 38.9% | 21.6%Best |
| Fund Family | iShares by BlackRock (US) | Bushido Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | 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).
IVV 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.
IVV vs SMRI Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Bushido Capital US Equity ETF (SMRI) is an ETF from Bushido Capital. Over the past year IVV returned +17.54% while SMRI returned +36.86%. Year to date, IVV is up 13.59% 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 11.8% 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 -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 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while SMRI charges 0.71%. On a $10,000 position that is $3 vs $71 annually, a gap of $68 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.50% for SMRI.
Holdings Overlap
8.9% of IVV's money is in holdings SMRI also owns. 83.8% of SMRI's money is in holdings IVV also owns.
Most of SMRI is already inside IVV. Owning both mostly buys the same companies twice.
42 positions in common, counted across the 506 positions we hold weights for in IVV and 51 in SMRI, against full books of 508 and 52.
What only one of them owns
Our book lists 8 positions for SMRI that do not appear in our book for IVV (14.3% of the fund), and 458 for IVV that do not appear in SMRI (90.5%).
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 SMRI | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 1.87% | 2.05% | 0.18% |
| LLYEli Lilly & Co. | 1.39% | 1.96% | 0.57% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.02% | 2.06% | 1.04% |
| ACNAccenture Plc | 0.20% | 2.37% | 2.17% |
| NFLXNetflix, Inc. | 0.43% | 1.92% | 1.49% |
| MPCMarathon Petroleum Corp | 0.18% | 2.15% | 1.97% |
| IBMInternational Business Machines Corp. | 0.32% | 2.01% | 1.69% |
| CRMSalesforce Inc Crm Us Equity | 0.29% | 2.03% | 1.74% |
| PSXPhillips 66 | 0.16% | 2.08% | 1.92% |
| MCKMckesson Corp. | 0.16% | 2.08% | 1.92% |
83.8% of SMRI 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 SMRI?
IVV has an expense ratio of 0.03% while SMRI charges 0.71%. IVV is the cheaper option, by $68 a year on a $10,000 investment.
Which performed better, IVV or SMRI?
Over the past year IVV returned +17.54% 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, IVV or SMRI?
SMRI has been the more volatile fund at 16.5% annualized versus 11.8% for IVV. Worst drawdown: IVV -18.8% vs SMRI -18.1%.
Should I hold both IVV and SMRI?
IVV and SMRI have a monthly-return correlation of 0.66, 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 SMRI?
83.8% of SMRI's money is in holdings IVV also owns. 83.8% of SMRI's is in holdings IVV also owns. They hold 42 positions in common, counted across the 506 positions we hold weights for in IVV and 51 in SMRI.
Which pays a higher dividend, IVV or SMRI?
IVV yields 1.10% while SMRI yields 1.50%, so SMRI currently pays the higher dividend yield.
Is SMRI better than IVV?
IVV 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 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.