SMHB vs VOO
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B vs Vanguard S&P 500 ETF
Which is better, SMHB or VOO?
Trading-Leveraged Equity against Large Cap Blend.
VOO has a lower expense ratio. VOO 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 | SMHB | VOO |
|---|---|---|
| Expense Ratio | 0.85% | 0.03%Best |
| AUM | $22M | $1.0T |
| Dividend Yield | 19.44% | 1.06% |
| Holdings | - | 506 |
| YTD Return | -11.44% | +13.57%Best |
| 1Y Return | -16.12% | +17.55%Best |
| 3Y Return (annualized) | -3.71% | +22.46%Best |
| 5Y Return (annualized) | -10.44% | +13.28%Best |
| Volatility (annualized) | 54.9% | 16.7%Best |
| Max Drawdown | -92.4% | -34.3%Best |
| $10,000 over 5 years | $5,762 | $18,654Best |
| Fund Family | UBS AG | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Nov 8, 2018 | Sep 7, 2010 |
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).
SMHB vs VOO 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.
SMHB vs VOO Performance
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (SMHB) is an ETF from UBS AG and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SMHB returned -16.12% while VOO returned +17.55%. Year to date, SMHB is down 11.44% versus a gain of 13.57% for VOO.
Over three years, SMHB compounded at -3.71% per year against +22.46% for VOO; over five years the annualized figures are -10.44% and +13.28% respectively. Across the full 8-year window we track, VOO has the edge at +14.87% 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 VOO. 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 -92.4% for SMHB and -34.3% for VOO. 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
SMHB charges 0.85% per year while VOO charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, SMHB currently yields 19.44% against 1.06% for VOO.
You are not choosing between two funds in isolation.
Whichever of SMHB and VOO 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, SMHB or VOO?
SMHB has an expense ratio of 0.85% while VOO charges 0.03%. VOO is the cheaper option, by $82 a year on a $10,000 investment.
Which performed better, SMHB or VOO?
Over the past year SMHB returned -16.12% vs +17.55% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), SMHB annualized -13.37% vs +14.87% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SMHB or VOO?
SMHB has been the more volatile fund at 54.9% annualized versus 16.7% for VOO. Worst drawdown: SMHB -92.4% vs VOO -34.3%.
Should I hold both SMHB and VOO?
SMHB and VOO 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, SMHB or VOO?
SMHB yields 19.44% while VOO yields 1.06%, so SMHB currently pays the higher dividend yield.
Is VOO better than SMHB?
VOO has a lower expense ratio. VOO 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.