SMCL vs VYM
Graniteshares 2x Long SMCI Daily ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | SMCL | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.04% | |
| AUM | $60M | $81.6B | |
| Dividend Yield | 0.00% | 2.24% | |
| Holdings | 2 | 616 | |
| YTD Return | -51.03% | +15.60% | |
| 1Y Return | -80.31% | +23.48% | |
| 3Y Return (annualized) | - | +19.07% | |
| 5Y Return (annualized) | - | +12.50% | |
| Volatility (annualized) | 192.1% | 14.6% | |
| Max Drawdown | -97.5% | -58.8% | |
| Fund Family | GraniteShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 12, 2024 | Nov 10, 2006 |
SMCL vs VYM Performance
Graniteshares 2x Long SMCI Daily ETF (SMCL) is a ETF from GraniteShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SMCL returned -80.31% while VYM returned +23.48%. Year to date, SMCL is down 51.03% versus a gain of 15.60% for VYM.
Risk: Volatility and Drawdowns
SMCL has been the more volatile fund, with annualized monthly volatility of 192.1% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SMCL charges 1.50% per year while VYM charges 0.04%. On a $10,000 position that is $150 vs $4 annually, a gap of $146 per year that compounds over a long holding period. On income, SMCL currently yields 0.00% against 2.24% for VYM.
Holdings Overlap
SMCL and VYM share 0 holdings out of 604 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, SMCL or VYM?
SMCL has an expense ratio of 1.50% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $146 per year of difference.
Which performed better, SMCL or VYM?
Over the past year SMCL returned -80.31% vs +23.48% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), SMCL annualized -74.40% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, SMCL or VYM?
SMCL has been the more volatile fund at 192.1% annualized versus 14.6% for VYM. Worst drawdown: SMCL -97.5% vs VYM -58.8%.
Should I hold both SMCL and VYM?
SMCL and VYM have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SMCL and VYM?
SMCL and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, SMCL or VYM?
SMCL yields 0.00% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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