IVV vs SMHX
iShares Core S&P 500 ETF vs VanEck Fabless Semiconductor ETF
Which is better, IVV or SMHX?
SMHX has been ahead.
IVV has a lower expense ratio. SMHX led over 1Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 73.8%.
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 | IVV | SMHX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.35% |
| AUM | $882.6B | $272M |
| Dividend Yield | 1.06% | 0.02% |
| Holdings | 508 | 46 |
| YTD Return | +14.98% | +65.76%Best |
| 1Y Return | +17.32% | +64.21%Best |
| 3Y Return (annualized) | +23.33% | - |
| 5Y Return (annualized) | +13.95% | - |
| Volatility (annualized) | 12.2%Best | 36.6% |
| Max Drawdown | -18.8%Best | -38.5% |
| $10,000 over 2.1 years | $14,328 | $26,021Best |
| Top 10 Weight | 38.1%Best | 73.8% |
| Fund Family | iShares by BlackRock (US) | VanEck |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Aug 27, 2024 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Aug 28, 2024 to Oct 6, 2026 (2.1 years).
IVV vs SMHX 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.
IVV vs SMHX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and VanEck Fabless Semiconductor ETF (SMHX) is an ETF from VanEck. Over the past year IVV returned +17.32% while SMHX returned +64.21%. Year to date, IVV is up 14.98% versus a gain of 65.76% for SMHX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMHX has been the more volatile fund, with annualized monthly volatility of 36.6% compared with 12.2% 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 -18.8% for IVV and -38.5% for SMHX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SMHX charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.02% for SMHX.
Holdings Overlap
12.8% of IVV's money is in holdings SMHX also owns. 65.2% of SMHX's money is in holdings IVV also owns.
The two portfolios partly overlap.
8 positions in common, counted across the 505 positions we hold weights for in IVV and 22 in SMHX, against full books of 508 and 46.
What only one of them owns
Our book lists 14 positions for SMHX that do not appear in our book for IVV (34.6% of the fund), and 489 for IVV that do not appear in SMHX (86.5%).
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 IVV | Weight in SMHX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.00% | 22.67% | 14.67% |
| AVGOBroadcom Inc | 2.59% | 15.16% | 12.57% |
| AMDAdvanced Micro Devices Inc | 1.27% | 5.95% | 4.68% |
| QCOMQualcomm Inc. | 0.29% | 4.99% | 4.70% |
| MRVLMarvell Technology Group Ltd. | 0.31% | 4.87% | 4.56% |
| SNPSSynopsys | 0.12% | 4.07% | 3.95% |
| MPWRMonolithic Power Systems Inc | 0.09% | 3.96% | 3.87% |
| CDNSCadence Design Systems Inc. | 0.12% | 3.55% | 3.43% |
65.2% of SMHX is already inside IVV.
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, IVV or SMHX?
IVV has an expense ratio of 0.03% while SMHX charges 0.35%. IVV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, IVV or SMHX?
Over the past year IVV returned +17.32% vs +64.21% for SMHX, so SMHX leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +18.68% vs +57.68% for SMHX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SMHX?
SMHX has been the more volatile fund at 36.6% annualized versus 12.2% for IVV. Worst drawdown: IVV -18.8% vs SMHX -38.5%.
Should I hold both IVV and SMHX?
IVV and SMHX have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and SMHX?
65.2% of SMHX's money is in holdings IVV also owns. 65.2% of SMHX's is in holdings IVV also owns. They hold 8 positions in common, counted across the 505 positions we hold weights for in IVV and 22 in SMHX.
Which pays a higher dividend, IVV or SMHX?
IVV yields 1.06% while SMHX yields 0.02%, so IVV currently pays the higher dividend yield.
Is SMHX better than IVV?
IVV has a lower expense ratio. SMHX led over 1Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 73.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.