IVV vs SMCL
iShares Core S&P 500 ETF vs Graniteshares 2x Long SMCI Daily ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SMCL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.50% | |
| AUM | $907.0B | $60M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 2 | |
| YTD Return | +13.22% | -51.03% | |
| 1Y Return | +21.62% | -80.31% | |
| 3Y Return (annualized) | +22.17% | - | |
| 5Y Return (annualized) | +13.42% | - | |
| Volatility (annualized) | 15.1% | 192.1% | |
| Max Drawdown | -56.5% | -97.5% | |
| Fund Family | iShares by BlackRock (US) | GraniteShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Dec 12, 2024 |
IVV vs SMCL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Graniteshares 2x Long SMCI Daily ETF (SMCL) is a ETF from GraniteShares. Over the past year IVV returned +21.62% while SMCL returned -80.31%. Year to date, IVV is up 13.22% versus a loss of 51.03% for SMCL.
Risk: Volatility and Drawdowns
SMCL has been the more volatile fund, with annualized monthly volatility of 192.1% compared with 15.1% 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 -56.5% for IVV and -97.5% for SMCL. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SMCL charges 1.50%. On a $10,000 position that is $3 vs $150 annually, a gap of $147 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for SMCL.
Holdings Overlap
IVV and SMCL share 1 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SMCL | Difference |
|---|---|---|---|
| SMCI | 0.02% | 66.66% | 66.64% |
Frequently Asked Questions
Which is cheaper, IVV or SMCL?
IVV has an expense ratio of 0.03% while SMCL charges 1.50%. IVV is the cheaper option. On a $10,000 investment, that is $147 per year of difference.
Which performed better, IVV or SMCL?
Over the past year IVV returned +21.62% vs -80.31% for SMCL, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.02% vs -74.40% for SMCL. Past performance does not guarantee future results.
Which is riskier, IVV or SMCL?
SMCL has been the more volatile fund at 192.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SMCL -97.5%.
Should I hold both IVV and SMCL?
IVV and SMCL have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SMCL?
IVV and SMCL share 1 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, IVV or SMCL?
IVV yields 1.10% while SMCL yields 0.00%, so IVV currently pays the higher dividend yield.
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