BUYO vs SMIZ
KraneShares Man Buyout Beta Index ETF vs Zacks Small/Mid Cap ETF
Which is better, BUYO or SMIZ?
BUYO has been ahead.
SMIZ has a lower expense ratio. BUYO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. SMIZ is less concentrated, with 11.1% of the fund in its ten largest positions against 11.5%.
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 | BUYO | SMIZ |
|---|---|---|
| Expense Ratio | 0.89% | 0.55%Best |
| AUM | $16M | $262M |
| Dividend Yield | 0.01% | 0.56% |
| Holdings | 646 | 402 |
| YTD Return | +19.41%Best | +8.19% |
| 1Y Return | +21.71%Best | +8.99% |
| 3Y Return (annualized) | - | +18.26% |
| Volatility (annualized) | 16.8%Best | 17.3% |
| Max Drawdown | -28.0% | -25.0%Best |
| $10,000 over 2.1 years | $13,352Best | $12,597 |
| Top 10 Weight | 11.5% | 11.1%Best |
| Fund Family | KraneShares | Zacks |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Oct 8, 2024 | Oct 3, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Oct 8, 2024 to Nov 12, 2026 (2.1 years).
BUYO 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 2.1 years both funds cover.
BUYO vs SMIZ Performance
KraneShares Man Buyout Beta Index ETF (BUYO) is an ETF from KraneShares and Zacks Small/Mid Cap ETF (SMIZ) is an ETF from Zacks. Over the past year BUYO returned +21.71% while SMIZ returned +8.99%. Year to date, BUYO is up 19.41% versus a gain of 8.19% 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 17.3% compared with 16.8% for BUYO. 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 -28.0% for BUYO 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BUYO charges 0.89% per year while SMIZ charges 0.55%. On a $10,000 position that is $89 vs $55 annually, a gap of $34 per year that compounds over a long holding period. On income, BUYO currently yields 0.01% against 0.56% for SMIZ.
Holdings Overlap
17.2% of BUYO's money is in holdings SMIZ also owns. 20.1% of SMIZ's money is in holdings BUYO also owns.
SMIZ and BUYO share little of their money.
42 positions in common, counted across the 322 positions we hold weights for in BUYO and 198 in SMIZ, against full books of 646 and 402.
What only one of them owns
Our book lists 148 positions for SMIZ that do not appear in our book for BUYO (73.2% of the fund), and 272 for BUYO that do not appear in SMIZ (80.5%).
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 BUYO | Weight in SMIZ | Difference |
|---|---|---|---|
| AMGAffiliated Managers Group Inc. | 1.15% | 1.11% | 0.04% |
| MTRNMaterion Corp | 1.12% | 0.49% | 0.63% |
| NIQNiq Global Intelligence Plc | 0.90% | 0.55% | 0.35% |
| NVT:IENvent Electric Plc Ordinary Shares | 0.85% | 0.59% | 0.26% |
| LFSTLifestance Health Group Inc Ordinary Shares | 0.94% | 0.46% | 0.48% |
| AMRXAmneal Pharmaceuticals Inc. | 0.85% | 0.50% | 0.35% |
| ALNTAllient Inc | 0.30% | 0.96% | 0.66% |
| SXTSensient Technologies Corp | 0.44% | 0.72% | 0.28% |
| ARWArrow Electronics Inc. | 0.21% | 0.91% | 0.70% |
| NINisource Inc. | 0.44% | 0.67% | 0.23% |
20.1% of SMIZ is already inside BUYO.
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, BUYO or SMIZ?
BUYO has an expense ratio of 0.89% while SMIZ charges 0.55%. SMIZ is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, BUYO or SMIZ?
Over the past year BUYO returned +21.71% vs +8.99% for SMIZ, so BUYO leads on 1-year performance. Over the longest common window we track (2 years), BUYO annualized +14.76% vs +11.62% for SMIZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BUYO or SMIZ?
SMIZ has been the more volatile fund at 17.3% annualized versus 16.8% for BUYO. Worst drawdown: BUYO -28.0% vs SMIZ -25.0%.
Should I hold both BUYO and SMIZ?
BUYO and SMIZ have a monthly-return correlation of 0.93, 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.
What is the holdings overlap between BUYO and SMIZ?
20.1% of SMIZ's money is in holdings BUYO also owns. 20.1% of SMIZ's is in holdings BUYO also owns. They hold 42 positions in common, counted across the 322 positions we hold weights for in BUYO and 198 in SMIZ.
Which pays a higher dividend, BUYO or SMIZ?
BUYO yields 0.01% while SMIZ yields 0.56%, so SMIZ currently pays the higher dividend yield.
Is SMIZ better than BUYO?
SMIZ has a lower expense ratio. BUYO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. SMIZ is less concentrated, with 11.1% of the fund in its ten largest positions against 11.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.