IVV vs SMIG
iShares Core S&P 500 ETF vs Bahl & Gaynor Small/Mid Cap Income Growth ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SMIG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $865.2B | $1.5B | |
| Dividend Yield | 1.09% | 1.83% | |
| Holdings | 508 | 40 | |
| YTD Return | +14.50% | +16.08% | |
| 1Y Return | +22.02% | +13.44% | |
| 3Y Return (annualized) | +21.80% | +13.49% | |
| 5Y Return (annualized) | +13.37% | +8.06% | |
| Volatility (annualized) | 15.1% | 16.2% | |
| Max Drawdown | -56.5% | -19.6% | |
| Fund Family | iShares by BlackRock (US) | Advisors Asset Management, Inc. | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Aug 25, 2021 |
IVV vs SMIG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) is a ETF from Advisors Asset Management, Inc.. Over the past year IVV returned +22.02% while SMIG returned +13.44%. Year to date, IVV is up 14.50% versus a gain of 16.08% for SMIG.
Over three years, IVV compounded at +21.80% per year against +13.49% for SMIG; over five years the annualized figures are +13.37% and +8.06% respectively. Across the full 5-year window we track, SMIG has the edge at +8.06% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMIG has been the more volatile fund, with annualized monthly volatility of 16.2% 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 -19.6% for SMIG. 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 0.80. 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 1.09% against 1.83% for SMIG.
Holdings Overlap
IVV and SMIG share 15 holdings out of 529 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IVV or SMIG?
Over the past year IVV returned +22.02% vs +13.44% for SMIG, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.07% vs +8.06% for SMIG. Past performance does not guarantee future results.
Which is riskier, IVV or SMIG?
SMIG has been the more volatile fund at 16.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SMIG -19.6%.
Should I hold both IVV and SMIG?
IVV and SMIG have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SMIG?
IVV and SMIG share 15 common holdings with a 0.6% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, IVV or SMIG?
IVV yields 1.09% while SMIG yields 1.83%, so SMIG currently pays the higher dividend yield.
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