IVV vs SMMV
iShares Core S&P 500 ETF vs iShares MSCI USA Small-Cap Minimum Volatility Factor ETF
Which is better, IVV or SMMV?
Large Cap Blend against Small Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. SMMV is less concentrated, with 12.5% of the fund in its ten largest positions against 37.9%.
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 | SMMV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.20% |
| AUM | $876.4B | $288M |
| Dividend Yield | 1.06% | 1.65% |
| Holdings | 508 | 369 |
| YTD Return | +11.57%Best | +7.79% |
| 1Y Return | +17.57%Best | +9.55% |
| 3Y Return (annualized) | +20.71%Best | +13.05% |
| 5Y Return (annualized) | +12.80%Best | +5.90% |
| Volatility (annualized) | 15.4% | 13.7%Best |
| Max Drawdown | -33.9%Best | -38.8% |
| $10,000 over 5 years | $18,262Best | $13,319 |
| Top 10 Weight | 37.9% | 12.5%Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Blend |
| Inception | May 15, 2000 | Sep 7, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2016 to Sep 10, 2026 (10 years).
IVV vs SMMV 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 10 years both funds cover.
IVV vs SMMV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares MSCI USA Small-Cap Minimum Volatility Factor ETF (SMMV) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +17.57% while SMMV returned +9.55%. Year to date, IVV is up 11.57% versus a gain of 7.79% for SMMV.
Over three years, IVV compounded at +20.71% per year against +13.05% for SMMV; over five years the annualized figures are +12.80% and +5.90% respectively. Across the full 10-year window we track, IVV has the edge at +14.38% annualized vs +7.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 13.7% for SMMV. 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 -33.9% for IVV and -38.8% for SMMV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SMMV charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.65% for SMMV.
Holdings Overlap
0.4% of IVV's money is in holdings SMMV also owns. 5.6% of SMMV's money is in holdings IVV also owns.
SMMV and IVV share little of their money.
15 positions in common, counted across the 505 positions we hold weights for in IVV and 349 in SMMV, against full books of 508 and 369.
What only one of them owns
Our book lists 319 positions for SMMV that do not appear in our book for IVV (90.5% of the fund), and 480 for IVV that do not appear in SMMV (98.9%).
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 SMMV | Difference |
|---|---|---|---|
| PNWPinnacle West Capital Corp. | 0.02% | 1.42% | 1.40% |
| AOSAo Smith Corp. | 0.01% | 0.65% | 0.64% |
| HSICHenry Schein Inc | 0.01% | 0.61% | 0.60% |
| SJMJm Smucker Co. | 0.02% | 0.50% | 0.48% |
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.18% | 0.23% | 0.05% |
| APAApa Corp | 0.02% | 0.35% | 0.33% |
| BF.BBrown-forman Corp. | 0.01% | 0.35% | 0.34% |
| HIIHuntington Ingalls Industries Inc. | 0.02% | 0.33% | 0.31% |
| TAPMolson Coors Brewing Co. Class B | 0.01% | 0.33% | 0.32% |
| AKAMAkamai Technologies Inc. | 0.03% | 0.28% | 0.25% |
You are not choosing between two funds in isolation.
Whichever of IVV and SMMV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SMMV?
IVV has an expense ratio of 0.03% while SMMV charges 0.20%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IVV or SMMV?
Over the past year IVV returned +17.57% vs +9.55% for SMMV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +14.38% vs +7.65% for SMMV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SMMV?
IVV has been the more volatile fund at 15.4% annualized versus 13.7% for SMMV. Worst drawdown: IVV -33.9% vs SMMV -38.8%.
Should I hold both IVV and SMMV?
IVV and SMMV have a monthly-return correlation of 0.82, 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 SMMV?
5.6% of SMMV's money is in holdings IVV also owns. 5.6% of SMMV's is in holdings IVV also owns. They hold 15 positions in common, counted across the 505 positions we hold weights for in IVV and 349 in SMMV.
Which pays a higher dividend, IVV or SMMV?
IVV yields 1.06% while SMMV yields 1.65%, so SMMV currently pays the higher dividend yield.
Is SMMV better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. SMMV is less concentrated, with 12.5% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.