IVES vs. SMCI
IVES (Dan IVES Wedbush AI Revolution ETF) is Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index, while SMCI (Super Micro Computer, Inc.) is a stock. Over the past year, IVES returned 35.69% vs -24.25% for SMCI. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
IVES vs. SMCI - Performance Comparison
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Returns By Period
In the year-to-date period, IVES achieves a 14.36% return, which is significantly higher than SMCI's 10.86% return.
IVES
- 1D
- -1.36%
- 1M
- -2.95%
- YTD
- 14.36%
- 6M
- 11.68%
- 1Y
- 35.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMCI
- 1D
- -2.61%
- 1M
- -8.80%
- YTD
- 10.86%
- 6M
- 6.22%
- 1Y
- -24.25%
- 3Y*
- 14.52%
- 5Y*
- 55.22%
- 10Y*
- 29.11%
IVES vs. SMCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IVES Dan IVES Wedbush AI Revolution ETF | 14.36% | 25.11% |
SMCI Super Micro Computer, Inc. | 10.86% | -32.23% |
Correlation
The correlation between IVES and SMCI is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.61 |
The correlation between IVES and SMCI has been stable across timeframes, ranging from 0.61 to 0.62 - 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 | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.03 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | -0.37 | +1.95 |
| Martin ratioReturn relative to average drawdown | 4.30 | -0.60 | +4.90 |
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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% | -66.18% | +43.54% |
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 | -13.37% | -72.69% | +59.32% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -32.04% | +26.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.32% | 40.15% | -31.83% |
Volatility
IVES vs. SMCI - Volatility Comparison
The current volatility for Dan IVES Wedbush AI Revolution ETF (IVES) is 11.81%, while Super Micro Computer, Inc. (SMCI) has a volatility of 47.06%. 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 | 11.81% | 47.06% | -35.25% |
Volatility (6M)Calculated over the trailing 6-month period | 21.22% | 78.27% | -57.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.13% | 86.91% | -59.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.65% | 87.07% | -60.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.65% | 71.47% | -44.82% |
Dividends
IVES vs. SMCI - Dividend Comparison
IVES's dividend yield for the trailing twelve months is around 0.36%, while SMCI has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IVES Dan IVES Wedbush AI Revolution ETF | 0.36% | 0.41% |
SMCI Super Micro Computer, Inc. | 0.00% | 0.00% |
Frequently Asked Questions
IVES and SMCI have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (47.06%) compared to IVES (11.81%). In terms of maximum drawdown, IVES dropped -22.64% vs SMCI's -84.84%.
IVES currently has the higher Sharpe Ratio (1.33 vs -0.28), 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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