IVES vs. SMCI
IVES (Dan IVES Wedbush AI Revolution ETF) is Artificial Intelligence fund tracking the Solactive Wedbush Artificial Intelligence Index, while SMCI (Super Micro Computer, Inc.) is a stock. Over the past year, IVES returned 37.89% vs -49.44% for SMCI. Their 0.59 correlation means they have sometimes moved together and sometimes differently.
Performance
IVES vs. SMCI - Performance Comparison
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Returns By Period
In the year-to-date period, IVES achieves a 18.13% return, which is significantly higher than SMCI's -2.15% return.
IVES
- 1D
- 3.61%
- 1M
- 0.16%
- 6M
- 15.32%
- YTD
- 18.13%
- 1Y
- 37.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 39.89%
SMCI
- 1D
- 0.85%
- 1M
- 5.22%
- 6M
- -3.60%
- YTD
- -2.15%
- 1Y
- -49.44%
- 3Y*
- -5.38%
- 5Y*
- 49.93%
- 10Y*
- 29.57%
- ALL TIME*
- 19.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.92M | $16.04M | $21.36M | |
| $1.64B | $1.20B | $1.80B |
IVES vs. SMCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IVES Dan IVES Wedbush AI Revolution ETF | 18.13% | 25.11% |
SMCI Super Micro Computer, Inc. | -2.15% | -32.23% |
Correlation
The correlation between IVES and SMCI is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.59 |
The correlation between IVES and SMCI has been stable across timeframes, ranging from 0.59 to 0.59 - a consistent structural relationship.
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Return for Risk
IVES vs. SMCI — Risk / Return Rank
IVES
SMCI
IVES vs. SMCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) and Super Micro Computer, Inc. (SMCI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IVES | SMCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.95 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | -0.76 | +2.44 |
| Martin ratioReturn relative to average drawdown | 4.11 | -1.18 | +5.29 |
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Drawdowns
IVES vs. SMCI - Drawdown Comparison
The maximum IVES drawdown since its inception was -22.64%, smaller than the maximum SMCI drawdown of -84.84%. Use the drawdown chart below to compare losses from any high point for IVES and SMCI.
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Drawdown Indicators
| IVES | SMCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.64% | -84.84% | +62.20% |
Max Drawdown (1Y)Largest decline over 1 year | -22.64% | -65.01% | +42.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.84% | — |
Current DrawdownCurrent decline from peak | -10.52% | -75.89% | +65.37% |
Average DrawdownAverage peak-to-trough decline | -6.43% | -32.29% | +25.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.23% | 42.10% | -32.87% |
Volatility
IVES vs. SMCI - Volatility Comparison
The current volatility for Dan IVES Wedbush AI Revolution ETF (IVES) is 8.88%, while Super Micro Computer, Inc. (SMCI) has a volatility of 27.78%. This indicates that IVES experiences smaller price fluctuations and is considered to be less risky than SMCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVES | SMCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.88% | 27.78% | -18.90% |
Volatility (6M)Calculated over the trailing 6-month period | 22.41% | 82.11% | -59.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.14% | 89.80% | -61.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.95% | 88.04% | -61.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.95% | 71.51% | -44.56% |
Dividends
IVES vs. SMCI - Dividend Comparison
IVES's dividend yield for the trailing twelve months is around 0.35%, while SMCI has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IVES Dan IVES Wedbush AI Revolution ETF | 0.35% | 0.41% |
SMCI Super Micro Computer, Inc. | 0.00% | 0.00% |
Frequently Asked Questions
IVES and SMCI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (27.78%) compared to IVES (8.88%). In terms of maximum drawdown, IVES dropped -22.64% vs SMCI's -84.84%.
IVES currently has the higher Sharpe Ratio (1.36 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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