SMCL vs VOO
Graniteshares 2x Long SMCI Daily ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | SMCL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.03% | |
| AUM | $60M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 2 | 509 | |
| YTD Return | -51.03% | +13.20% | |
| 1Y Return | -80.31% | +21.62% | |
| 3Y Return (annualized) | - | +22.16% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 192.1% | 14.1% | |
| Max Drawdown | -97.5% | -34.3% | |
| Fund Family | GraniteShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 12, 2024 | Sep 7, 2010 |
SMCL vs VOO Performance
Graniteshares 2x Long SMCI Daily ETF (SMCL) is a ETF from GraniteShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SMCL returned -80.31% while VOO returned +21.62%. Year to date, SMCL is down 51.03% versus a gain of 13.20% for VOO.
Risk: Volatility and Drawdowns
SMCL has been the more volatile fund, with annualized monthly volatility of 192.1% compared with 14.1% for VOO. 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 -97.5% for SMCL and -34.3% for VOO. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SMCL charges 1.50% per year while VOO charges 0.03%. On a $10,000 position that is $150 vs $3 annually, a gap of $147 per year that compounds over a long holding period. On income, SMCL currently yields 0.00% against 1.08% for VOO.
Holdings Overlap
SMCL and VOO share 1 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SMCL | Weight in VOO | Difference |
|---|---|---|---|
| SMCI | 66.66% | 0.03% | 66.63% |
Frequently Asked Questions
Which is cheaper, SMCL or VOO?
SMCL has an expense ratio of 1.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $147 per year of difference.
Which performed better, SMCL or VOO?
Over the past year SMCL returned -80.31% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), SMCL annualized -74.40% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, SMCL or VOO?
SMCL has been the more volatile fund at 192.1% annualized versus 14.1% for VOO. Worst drawdown: SMCL -97.5% vs VOO -34.3%.
Should I hold both SMCL and VOO?
SMCL and VOO have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SMCL and VOO?
SMCL and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, SMCL or VOO?
SMCL yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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