SMB vs. FLTR
SMB (VanEck Short Muni ETF) and FLTR (VanEck IG Floating Rate ETF) are both exchange-traded funds - SMB is a Municipal Bonds fund tracking the Bloomberg AMT-Free Short Continuous, while FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index. Both are passively managed. Over the past 10 years, SMB returned 1.48%/yr vs 3.49%/yr for FLTR. At a 0.00 correlation, their price movements are largely independent. SMB charges 0.20%/yr vs 0.14%/yr for FLTR.
Performance
SMB vs. FLTR - Performance Comparison
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Returns By Period
In the year-to-date period, SMB achieves a 0.76% return, which is significantly lower than FLTR's 2.19% return. Over the past 10 years, SMB has underperformed FLTR with an annualized return of 1.48%, while FLTR has yielded a comparatively higher 3.49% annualized return.
SMB
- 1D
- -0.03%
- 1M
- 0.79%
- YTD
- 0.76%
- 6M
- 0.76%
- 1Y
- 3.53%
- 3Y*
- 3.47%
- 5Y*
- 1.24%
- 10Y*
- 1.48%
FLTR
- 1D
- 0.08%
- 1M
- 0.38%
- YTD
- 2.19%
- 6M
- 2.36%
- 1Y
- 5.25%
- 3Y*
- 6.16%
- 5Y*
- 4.55%
- 10Y*
- 3.49%
SMB vs. FLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMB VanEck Short Muni ETF | 0.76% | 4.61% | 2.41% | 3.14% | -4.50% | 0.12% | 3.30% | 4.54% | 1.86% | 1.16% |
FLTR VanEck IG Floating Rate ETF | 2.19% | 5.22% | 7.38% | 7.41% | 0.74% | 0.55% | 1.44% | 5.70% | 0.30% | 2.80% |
Correlation
The correlation between SMB and FLTR is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2011 | 0.00 |
The correlation between SMB and FLTR shifts across timeframes, from -0.02 (10 years) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SMB vs. FLTR — Risk / Return Rank
SMB
FLTR
SMB vs. FLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Short Muni ETF (SMB) and VanEck IG Floating Rate ETF (FLTR). 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.
| SMB | FLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.37 | ||
| Sortino ratioReturn per unit of downside risk | -8.98 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 3.03 | -1.60 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 16.82 | -13.79 |
| Martin ratioReturn relative to average drawdown | 8.52 | 98.58 | -90.06 |
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Drawdowns
SMB vs. FLTR - Drawdown Comparison
The maximum SMB drawdown since its inception was -12.64%, smaller than the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for SMB and FLTR.
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Drawdown Indicators
| SMB | FLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.64% | -17.84% | +5.20% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -0.31% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -1.80% | -1.93% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -7.48% | -3.06% | -4.42% |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | -17.84% | +5.20% |
Current DrawdownCurrent decline from peak | -0.05% | -0.00% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -0.67% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.05% | +0.37% |
Volatility
SMB vs. FLTR - Volatility Comparison
VanEck Short Muni ETF (SMB) and VanEck IG Floating Rate ETF (FLTR) have volatilities of 0.29% and 0.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMB | FLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 0.29% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 0.66% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.63% | 0.80% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.48% | 2.13% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 5.00% | -0.74% |
SMB vs. FLTR - Expense Ratio Comparison
SMB has a 0.20% expense ratio, which is higher than FLTR's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SMB vs. FLTR - Dividend Comparison
SMB's dividend yield for the trailing twelve months is around 2.69%, less than FLTR's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck IG Floating Rate ETF | 4.72% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
SMB VanEck Short Muni ETF | 2.69% | 2.63% | 2.38% | 1.83% | 1.32% | 1.24% | 1.50% | 1.58% | 1.49% | 1.23% | 1.12% | 1.13% |
Frequently Asked Questions
SMB and FLTR have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLTR has higher volatility (0.29%) compared to SMB (0.29%). In terms of maximum drawdown, SMB dropped -12.64% vs FLTR's -17.84%.
On 10-year performance, FLTR leads with 3.49% vs 1.48% for SMB. On fees, FLTR is cheaper at 0.14% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FLTR has performed better with a 3.49% return vs 1.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTR is cheaper with a 0.14% expense ratio, compared with 0.20% for SMB.
FLTR has the higher dividend yield at 4.72%, compared with 2.69% for SMB.
SMB is categorized as Municipal Bonds, while FLTR is Corporate Bonds. SMB tracks Bloomberg AMT-Free Short Continuous, while FLTR tracks MVIS US Investment Grade Floating Rate Index. Their fees differ too: 0.20% for SMB and 0.14% for FLTR.
FLTR currently has the higher Sharpe Ratio (6.56 vs 2.18), 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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