SMRI vs VOO
Bushido Capital US Equity ETF vs Vanguard S&P 500 ETF
Which is better, SMRI or VOO?
SMRI has been ahead.
VOO has a lower expense ratio. SMRI led over 1Y and the full window. SMRI is less concentrated, with 25.5% of the fund in its ten largest positions against 36.4%.
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 | SMRI | VOO |
|---|---|---|
| Expense Ratio | 0.71% | 0.03%Best |
| AUM | $720M | $997.4B |
| Dividend Yield | 0.78% | 1.04% |
| Holdings | 52 | 509 |
| YTD Return | +31.43%Best | +11.55% |
| 1Y Return | +40.03%Best | +17.54% |
| 3Y Return (annualized) | - | +20.71% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 16.0% | 12.1%Best |
| Max Drawdown | -18.1%Best | -18.7% |
| $10,000 over 2.6 years | $18,464Best | $15,729 |
| Top 10 Weight | 25.5%Best | 36.4% |
| Fund Family | Bushido Capital | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 14, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Feb 7, 2024 to Sep 10, 2026 (2.6 years).
SMRI vs VOO 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 2.6 years both funds cover.
SMRI vs VOO Performance
Bushido Capital US Equity ETF (SMRI) is an ETF from Bushido Capital and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SMRI returned +40.03% while VOO returned +17.54%. Year to date, SMRI is up 31.43% versus a gain of 11.55% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMRI has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 12.1% 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 -18.1% for SMRI and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SMRI charges 0.71% per year while VOO charges 0.03%. On a $10,000 position that is $71 vs $3 annually, a gap of $68 per year that compounds over a long holding period. On income, SMRI currently yields 0.78% against 1.04% for VOO.
Holdings Overlap
86.2% of SMRI's money is in holdings VOO also owns. 5.7% of VOO's money is in holdings SMRI also owns.
Most of SMRI is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 62 days apart, SMRI as of Aug 31, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
43 positions in common, counted across the 51 positions we hold weights for in SMRI and 505 in VOO, against full books of 52 and 509.
What only one of them owns
Our book lists 453 positions for VOO that do not appear in our book for SMRI (93.8% of the fund), and 7 for SMRI that do not appear in VOO (11.9%).
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 SMRI | Weight in VOO | Difference |
|---|---|---|---|
| VEEVVeeva Systems Inc | 2.97% | 0.04% | 2.93% |
| CRMSalesforce Inc. | 2.77% | 0.20% | 2.57% |
| WDAYWorkday, Inc., Class A | 2.82% | 0.04% | 2.78% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.90% | 0.88% | 1.02% |
| MPCMarathon Petroleum Corp. | 2.49% | 0.12% | 2.37% |
| ACNAccenture Plc | 2.47% | 0.12% | 2.35% |
| ADBEAdobe Inc | 2.45% | 0.13% | 2.32% |
| VLOValero Energy Corp. | 2.42% | 0.12% | 2.30% |
| MRKMerck & Co. Inc. | 2.05% | 0.49% | 1.56% |
| PSXPhillips 66 | 2.38% | 0.11% | 2.27% |
86.2% of SMRI is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SMRI or VOO?
SMRI has an expense ratio of 0.71% while VOO charges 0.03%. VOO is the cheaper option, by $68 a year on a $10,000 investment.
Which performed better, SMRI or VOO?
Over the past year SMRI returned +40.03% vs +17.54% for VOO, so SMRI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SMRI or VOO?
SMRI has been the more volatile fund at 16.0% annualized versus 12.1% for VOO. Worst drawdown: SMRI -18.1% vs VOO -18.7%.
Should I hold both SMRI and VOO?
SMRI and VOO have a monthly-return correlation of 0.68, 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 SMRI and VOO?
86.2% of SMRI's money is in holdings VOO also owns. 5.7% of VOO's is in holdings SMRI also owns. They hold 43 positions in common, counted across the 51 positions we hold weights for in SMRI and 505 in VOO.
Which pays a higher dividend, SMRI or VOO?
SMRI yields 0.78% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than SMRI?
VOO has a lower expense ratio. SMRI led over 1Y and the full window. SMRI is less concentrated, with 25.5% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.