SMB vs. ITB
Compare and contrast key facts about VanEck Short Muni ETF (SMB) and iShares U.S. Home Construction ETF (ITB).
SMB and ITB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMB is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Short Continuous. It was launched on Feb 22, 2008. ITB is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Home Construction Index. It was launched on May 1, 2006. Both SMB and ITB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMB or ITB.
Key characteristics
| SMB | ITB | |
|---|---|---|
| YTD Return | 2.38% | 19.40% |
| 1Y Return | 4.50% | 51.59% |
| 3Y Return (Ann) | 0.37% | 17.47% |
| 5Y Return (Ann) | 1.01% | 23.27% |
| 10Y Return (Ann) | 1.19% | 17.64% |
| Sharpe Ratio | 1.97 | 1.86 |
| Sortino Ratio | 2.97 | 2.60 |
| Omega Ratio | 1.39 | 1.32 |
| Calmar Ratio | 1.08 | 3.16 |
| Martin Ratio | 14.30 | 8.28 |
| Ulcer Index | 0.30% | 5.98% |
| Daily Std Dev | 2.16% | 26.63% |
| Max Drawdown | -12.64% | -86.53% |
| Current Drawdown | -0.39% | -6.38% |
Correlation
The correlation between SMB and ITB is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SMB vs. ITB - Performance Comparison
In the year-to-date period, SMB achieves a 2.38% return, which is significantly lower than ITB's 19.40% return. Over the past 10 years, SMB has underperformed ITB with an annualized return of 1.19%, while ITB has yielded a comparatively higher 17.64% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMB vs. ITB - Expense Ratio Comparison
SMB has a 0.20% expense ratio, which is lower than ITB's 0.42% expense ratio.
Risk-Adjusted Performance
SMB vs. ITB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Short Muni ETF (SMB) and iShares U.S. Home Construction ETF (ITB). 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.
Dividends
SMB vs. ITB - Dividend Comparison
SMB's dividend yield for the trailing twelve months is around 2.30%, more than ITB's 0.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMB VanEck Short Muni ETF | 2.30% | 1.84% | 1.32% | 1.25% | 1.51% | 1.58% | 1.49% | 1.24% | 1.13% | 1.14% | 1.21% | 1.37% |
ITB iShares U.S. Home Construction ETF | 0.38% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% | 0.34% | 0.12% |
Drawdowns
SMB vs. ITB - Drawdown Comparison
The maximum SMB drawdown since its inception was -12.64%, smaller than the maximum ITB drawdown of -86.53%. Use the drawdown chart below to compare losses from any high point for SMB and ITB. For additional features, visit the drawdowns tool.
Volatility
SMB vs. ITB - Volatility Comparison
The current volatility for VanEck Short Muni ETF (SMB) is 0.60%, while iShares U.S. Home Construction ETF (ITB) has a volatility of 7.89%. This indicates that SMB experiences smaller price fluctuations and is considered to be less risky than ITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.