IVV vs SMIG
iShares Core S&P 500 ETF vs Bahl & Gaynor Small/Mid Cap Income Growth ETF
Which is better, IVV or SMIG?
Large Cap Blend against Mid Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 41.3%.
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 | SMIG |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.60% |
| AUM | $882.6B | $1.4B |
| Dividend Yield | 1.06% | 1.84% |
| Holdings | 508 | 85 |
| YTD Return | +12.76%Best | +8.24% |
| 1Y Return | +15.57%Best | +7.20% |
| 3Y Return (annualized) | +22.95%Best | +13.39% |
| 5Y Return (annualized) | +13.54%Best | +7.12% |
| Volatility (annualized) | 15.7%Best | 16.1% |
| Max Drawdown | -24.5% | -19.6%Best |
| $10,000 over 5 years | $18,869Best | $14,104 |
| Top 10 Weight | 38.1%Best | 41.3% |
| Fund Family | iShares by BlackRock (US) | Advisors Asset Management, Inc. |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Growth |
| Inception | May 15, 2000 | Aug 25, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Aug 26, 2021 to Oct 1, 2026 (5.1 years).
IVV vs SMIG 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 5.1 years both funds cover.
IVV vs SMIG Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) is an ETF from Advisors Asset Management, Inc.. Over the past year IVV returned +15.57% while SMIG returned +7.20%. Year to date, IVV is up 12.76% versus a gain of 8.24% for SMIG.
Over three years, IVV compounded at +22.95% per year against +13.39% for SMIG; over five years the annualized figures are +13.54% and +7.12% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMIG has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.7% 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 -24.5% for IVV and -19.6% for SMIG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SMIG charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.84% for SMIG.
Holdings Overlap
0.5% of IVV's money is in holdings SMIG also owns. 32.9% of SMIG's money is in holdings IVV also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 505 positions we hold weights for in IVV and 39 in SMIG, against full books of 508 and 85.
What only one of them owns
Our book lists 24 positions for SMIG that do not appear in our book for IVV (62.0% of the fund), and 484 for IVV that do not appear in SMIG (98.7%).
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 SMIG | Difference |
|---|---|---|---|
| TRGPTarga Resources Corp Preferred | 0.09% | 4.64% | 4.55% |
| SNASnap-On Inc. | 0.03% | 4.47% | 4.44% |
| HUBBHubbell Inc | 0.04% | 3.58% | 3.54% |
| PKGPackaging Corp. Of America | 0.03% | 3.51% | 3.48% |
| NINisource Inc. | 0.03% | 2.93% | 2.90% |
| HIGHartford Financial Services Group Inc. | 0.06% | 2.80% | 2.74% |
| LNTAlliant Energy Corp. | 0.03% | 2.74% | 2.71% |
| CBOECboe Global Market | 0.05% | 1.86% | 1.81% |
| NTAPNetapp Inc | 0.06% | 1.70% | 1.64% |
| CMSCms Energy Corp. | 0.03% | 1.57% | 1.54% |
32.9% of SMIG 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 SMIG?
IVV has an expense ratio of 0.03% while SMIG charges 0.60%. IVV is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, IVV or SMIG?
Over the past year IVV returned +15.57% vs +7.20% for SMIG, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SMIG?
SMIG has been the more volatile fund at 16.1% annualized versus 15.7% for IVV. Worst drawdown: IVV -24.5% vs SMIG -19.6%.
Should I hold both IVV and SMIG?
IVV and SMIG have a monthly-return correlation of 0.79, 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 SMIG?
32.9% of SMIG's money is in holdings IVV also owns. 32.9% of SMIG's is in holdings IVV also owns. They hold 13 positions in common, counted across the 505 positions we hold weights for in IVV and 39 in SMIG.
Which pays a higher dividend, IVV or SMIG?
IVV yields 1.06% while SMIG yields 1.84%, so SMIG currently pays the higher dividend yield.
Is SMIG better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 41.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.