IVV vs SMCX
iShares Core S&P 500 ETF vs Defiance Daily Target 2X Long SMCI 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 | SMCX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.43% | |
| AUM | $907.0B | $261M | |
| Dividend Yield | 1.10% | 6.61% | |
| Holdings | 508 | 12 | |
| YTD Return | +14.29% | -44.64% | |
| 1Y Return | +21.79% | -80.38% | |
| 3Y Return (annualized) | +22.19% | - | |
| 5Y Return (annualized) | +13.28% | - | |
| Volatility (annualized) | 15.1% | 188.0% | |
| Max Drawdown | -56.5% | -99.2% | |
| Fund Family | iShares by BlackRock (US) | Defiance ETFs, LLC | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Aug 21, 2024 |
IVV vs SMCX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Defiance Daily Target 2X Long SMCI ETF (SMCX) is a ETF from Defiance ETFs, LLC. Over the past year IVV returned +21.79% while SMCX returned -80.38%. Year to date, IVV is up 14.29% versus a loss of 44.64% for SMCX.
Risk: Volatility and Drawdowns
SMCX has been the more volatile fund, with annualized monthly volatility of 188.0% 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 -99.2% for SMCX. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SMCX charges 1.43%. On a $10,000 position that is $3 vs $143 annually, a gap of $140 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 6.61% for SMCX.
Holdings Overlap
IVV and SMCX share 1 holdings out of 507 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 SMCX | Difference |
|---|---|---|---|
| SMCI | 0.02% | 26.74% | 26.72% |
Frequently Asked Questions
Which is cheaper, IVV or SMCX?
IVV has an expense ratio of 0.03% while SMCX charges 1.43%. IVV is the cheaper option. On a $10,000 investment, that is $140 per year of difference.
Which performed better, IVV or SMCX?
Over the past year IVV returned +21.79% vs -80.38% for SMCX, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.06% vs -86.38% for SMCX. Past performance does not guarantee future results.
Which is riskier, IVV or SMCX?
SMCX has been the more volatile fund at 188.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SMCX -99.2%.
Should I hold both IVV and SMCX?
IVV and SMCX have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SMCX?
IVV and SMCX share 1 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or SMCX?
IVV yields 1.10% while SMCX yields 6.61%, so SMCX currently pays the higher dividend yield.
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