SMIZ vs VOO
Zacks Small/Mid Cap 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 | SMIZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $285M | $997.4B | |
| Dividend Yield | 0.55% | 1.08% | |
| Holdings | 203 | 509 | |
| YTD Return | +13.72% | +12.68% | |
| 1Y Return | +21.13% | +21.87% | |
| 3Y Return (annualized) | +21.98% | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 17.5% | 14.1% | |
| Max Drawdown | -25.0% | -34.3% | |
| Fund Family | Zacks | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 3, 2023 | Sep 7, 2010 |
SMIZ vs VOO Performance
Zacks Small/Mid Cap ETF (SMIZ) is a ETF from Zacks and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SMIZ returned +21.13% while VOO returned +21.87%. Year to date, SMIZ is up 13.72% versus a gain of 12.68% for VOO.
Over three years, SMIZ compounded at +21.98% per year against +22.06% for VOO. Across the full 3-year window we track, SMIZ has the edge at +21.98% annualized vs +13.47%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMIZ has been the more volatile fund, with annualized monthly volatility of 17.5% 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 -25.0% for SMIZ 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SMIZ charges 0.55% per year while VOO charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, SMIZ currently yields 0.55% against 1.08% for VOO.
Holdings Overlap
SMIZ and VOO share 49 holdings out of 655 unique holdings combined, representing a 4.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SMIZ or VOO?
SMIZ has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, SMIZ or VOO?
Over the past year SMIZ returned +21.13% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), SMIZ annualized +21.98% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, SMIZ or VOO?
SMIZ has been the more volatile fund at 17.5% annualized versus 14.1% for VOO. Worst drawdown: SMIZ -25.0% vs VOO -34.3%.
Should I hold both SMIZ and VOO?
SMIZ and VOO have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SMIZ and VOO?
SMIZ and VOO share 49 common holdings with a 4.5% weight overlap. Combined, they hold 655 unique securities.
Which pays a higher dividend, SMIZ or VOO?
SMIZ yields 0.55% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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