SMTH vs UNIY
ALPS Smith Core Plus Bond ETF vs WisdomTree Voya Yield Enhanced USD Universal Bond Fund
Which is better, SMTH or UNIY?
Nearly the same fund. UNIY costs less.
UNIY has a lower expense ratio. SMTH led over the full window, UNIY over 1Y. The two have moved almost in lockstep, correlation 0.99.
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 | SMTH | UNIY |
|---|---|---|
| Expense Ratio | 0.59% | 0.15%Best |
| AUM | $3.6B | $1.3B |
| Dividend Yield | 4.48% | 5.06% |
| Holdings | 921 | 6,627 |
| YTD Return | -2.50% | -2.08%Best |
| 1Y Return | -2.47% | -1.93%Best |
| 3Y Return (annualized) | - | +4.82% |
| Volatility (annualized) | 4.2%Best | 4.5% |
| Max Drawdown | -4.7% | -4.4%Best |
| $10,000 over 2.9 years | $11,089Best | $10,978 |
| Fund Family | ALPS Advisors | WisdomTree Investments |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Dec 5, 2023 | Feb 7, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Dec 6, 2023 to Oct 14, 2026 (2.9 years).
SMTH vs UNIY 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 2.9 years both funds cover.
SMTH vs UNIY Performance
ALPS Smith Core Plus Bond ETF (SMTH) is an ETF from ALPS Advisors and WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY) is an ETF from WisdomTree Investments. Over the past year SMTH returned -2.47% while UNIY returned -1.93%. Year to date, SMTH is down 2.50% versus a loss of 2.08% for UNIY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UNIY has been the more volatile fund, with annualized monthly volatility of 4.5% compared with 4.2% for SMTH. 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 -4.7% for SMTH and -4.4% for UNIY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SMTH charges 0.59% per year while UNIY charges 0.15%. On a $10,000 position that is $59 vs $15 annually, a gap of $44 per year that compounds over a long holding period. On income, SMTH currently yields 4.48% against 5.06% for UNIY.
Holdings Overlap
We hold position weights for 147 holdings in SMTH and 5,275 in UNIY, totalling 30.2% and 64.9% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 44 positions appear in both.
44 positions in common, counted across the 147 positions we hold weights for in SMTH and 5,275 in UNIY, against full books of 921 and 6,627.
Top Shared Holdings
| Stock | Weight in SMTH | Weight in UNIY | Difference |
|---|---|---|---|
| T 4.125 10/31/29Us Treas Nts 4.125% 10/31/29 | 3.53% | 0.01% | 3.52% |
| FCNCA V6.254 03/12/4First Citizens Bancshares Inc 6.25% Mar 12, 2040 | 0.51% | 0.00% | 0.51% |
| CCL 5.75 08/01/32 14Carnival Corp 5.75 08/01/2032 | 0.41% | 0.02% | 0.39% |
| OXY 7.875 09/15/31Occidental Petroleum Corp 7.875 09/15/2031 | 0.40% | 0.02% | 0.38% |
| AEP V3.875 02/15/62American Electric Power Co. Inc. 5Y Us Ti + 2.675 02/15/2062 | 0.29% | 0.08% | 0.21% |
| BPL 6.875 07/01/29 1Buckeye Partne 6.875% 07/01/29 | 0.36% | 0.00% | 0.36% |
| F 6.5 02/07/35Ford Motor Credit Company Llc 6.5% Feb 07, 2035 | 0.30% | 0.03% | 0.27% |
| JPM V5.336 01/23/35Jpmorgan Chase 5.336 2035-01-23 | 0.30% | 0.00% | 0.30% |
| BCULC 3.875 01/15/28Corp. Note 3.875 01/15/2028 | 0.29% | 0.00% | 0.29% |
| HCA 2.375 07/15/31Hca Inc 2.38% Jul 15, 2031 | 0.28% | 0.00% | 0.28% |
You are not choosing between two funds in isolation.
Whichever of SMTH and UNIY 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, SMTH or UNIY?
SMTH has an expense ratio of 0.59% while UNIY charges 0.15%. UNIY is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, SMTH or UNIY?
Over the past year SMTH returned -2.47% vs -1.93% for UNIY, so UNIY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SMTH or UNIY?
UNIY has been the more volatile fund at 4.5% annualized versus 4.2% for SMTH. Worst drawdown: SMTH -4.7% vs UNIY -4.4%.
Should I hold both SMTH and UNIY?
SMTH and UNIY have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, SMTH or UNIY?
SMTH yields 4.48% while UNIY yields 5.06%, so UNIY currently pays the higher dividend yield.
Is UNIY better than SMTH?
UNIY has a lower expense ratio. SMTH led over the full window, UNIY over 1Y. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.