SMLV vs. VOO
Compare and contrast key facts about SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and Vanguard S&P 500 ETF (VOO).
SMLV and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMLV is a passively managed fund by State Street that tracks the performance of the SSGA US Small Cap Low Volatility Index. It was launched on Feb 20, 2013. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both SMLV and VOO 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: SMLV or VOO.
Performance
SMLV vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, SMLV achieves a 24.23% return, which is significantly lower than VOO's 26.16% return. Over the past 10 years, SMLV has underperformed VOO with an annualized return of 9.60%, while VOO has yielded a comparatively higher 13.18% annualized return.
SMLV
24.23%
9.44%
27.14%
38.99%
9.92%
9.60%
VOO
26.16%
1.77%
13.62%
32.33%
15.68%
13.18%
Key characteristics
| SMLV | VOO | |
|---|---|---|
| Sharpe Ratio | 1.88 | 2.70 |
| Sortino Ratio | 2.91 | 3.60 |
| Omega Ratio | 1.36 | 1.50 |
| Calmar Ratio | 3.18 | 3.90 |
| Martin Ratio | 9.71 | 17.65 |
| Ulcer Index | 4.07% | 1.86% |
| Daily Std Dev | 21.03% | 12.19% |
| Max Drawdown | -42.45% | -33.99% |
| Current Drawdown | -1.91% | -0.86% |
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SMLV vs. VOO - Expense Ratio Comparison
SMLV has a 0.12% expense ratio, which is higher than VOO'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%.
Correlation
The correlation between SMLV and VOO is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SMLV vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and Vanguard S&P 500 ETF (VOO). 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
SMLV vs. VOO - Dividend Comparison
SMLV's dividend yield for the trailing twelve months is around 2.35%, more than VOO's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF | 2.35% | 2.68% | 2.40% | 2.12% | 2.47% | 2.62% | 3.15% | 7.92% | 3.04% | 2.63% | 2.76% | 3.68% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
SMLV vs. VOO - Drawdown Comparison
The maximum SMLV drawdown since its inception was -42.45%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SMLV and VOO. For additional features, visit the drawdowns tool.
Volatility
SMLV vs. VOO - Volatility Comparison
SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) has a higher volatility of 10.54% compared to Vanguard S&P 500 ETF (VOO) at 3.99%. This indicates that SMLV's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.