SMB vs. VTI
Compare and contrast key facts about VanEck Short Muni ETF (SMB) and Vanguard Total Stock Market ETF (VTI).
SMB and VTI 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. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001. Both SMB and VTI 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 VTI.
Key characteristics
| SMB | VTI | |
|---|---|---|
| YTD Return | 2.38% | 26.35% |
| 1Y Return | 4.50% | 40.48% |
| 3Y Return (Ann) | 0.37% | 8.68% |
| 5Y Return (Ann) | 1.01% | 15.37% |
| 10Y Return (Ann) | 1.19% | 12.90% |
| Sharpe Ratio | 1.97 | 3.10 |
| Sortino Ratio | 2.97 | 4.13 |
| Omega Ratio | 1.39 | 1.58 |
| Calmar Ratio | 1.08 | 4.21 |
| Martin Ratio | 14.30 | 20.25 |
| Ulcer Index | 0.30% | 1.94% |
| Daily Std Dev | 2.16% | 12.68% |
| Max Drawdown | -12.64% | -55.45% |
| Current Drawdown | -0.39% | 0.00% |
Correlation
The correlation between SMB and VTI is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SMB vs. VTI - Performance Comparison
In the year-to-date period, SMB achieves a 2.38% return, which is significantly lower than VTI's 26.35% return. Over the past 10 years, SMB has underperformed VTI with an annualized return of 1.19%, while VTI has yielded a comparatively higher 12.90% 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. VTI - Expense Ratio Comparison
SMB has a 0.20% expense ratio, which is higher than VTI's 0.03% 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%.
Risk-Adjusted Performance
SMB vs. VTI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Short Muni ETF (SMB) and Vanguard Total Stock Market ETF (VTI). 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. VTI - Dividend Comparison
SMB's dividend yield for the trailing twelve months is around 2.30%, more than VTI's 1.26% 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% |
VTI Vanguard Total Stock Market ETF | 1.26% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
SMB vs. VTI - Drawdown Comparison
The maximum SMB drawdown since its inception was -12.64%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for SMB and VTI. For additional features, visit the drawdowns tool.
Volatility
SMB vs. VTI - Volatility Comparison
The current volatility for VanEck Short Muni ETF (SMB) is 0.60%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 4.11%. This indicates that SMB experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.