IVV vs SMUP
iShares Core S&P 500 ETF vs T-REX 2X Long SMR Daily Target 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 | SMUP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.50% | |
| AUM | $907.0B | $9M | |
| Dividend Yield | 1.10% | 4.93% | |
| Holdings | 508 | 3 | |
| YTD Return | +12.28% | +293.36% | |
| 1Y Return | +20.94% | -54.01% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 2755.1% | |
| Max Drawdown | -56.5% | -98.8% | |
| Fund Family | iShares by BlackRock (US) | REX Shares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jul 25, 2025 |
IVV vs SMUP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and T-REX 2X Long SMR Daily Target ETF (SMUP) is a ETF from REX Shares. Over the past year IVV returned +20.94% while SMUP returned -54.01%. Year to date, IVV is up 12.28% versus a gain of 293.36% for SMUP.
Risk: Volatility and Drawdowns
SMUP has been the more volatile fund, with annualized monthly volatility of 2755.1% 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 -98.8% for SMUP. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SMUP charges 1.50%. On a $10,000 position that is $3 vs $150 annually, a gap of $147 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.93% for SMUP.
Holdings Overlap
IVV and SMUP share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SMUP?
IVV has an expense ratio of 0.03% while SMUP charges 1.50%. IVV is the cheaper option. On a $10,000 investment, that is $147 per year of difference.
Which performed better, IVV or SMUP?
Over the past year IVV returned +20.94% vs -54.01% for SMUP, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +6.98% vs -79.33% for SMUP. Past performance does not guarantee future results.
Which is riskier, IVV or SMUP?
SMUP has been the more volatile fund at 2755.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SMUP -98.8%.
Should I hold both IVV and SMUP?
IVV and SMUP have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SMUP?
IVV and SMUP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or SMUP?
IVV yields 1.10% while SMUP yields 4.93%, so SMUP currently pays the higher dividend yield.
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