SMMV vs. IBIT
SMMV (iShares MSCI USA Small-Cap Min Vol Factor ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - SMMV is a Small Cap Growth Equities fund tracking the MSCI USA Small Cap Minimum Volatility (USD) Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, SMMV returned 6.20% vs -38.74% for IBIT. At a 0.29 correlation, their price movements are largely independent. SMMV charges 0.20%/yr vs 0.25%/yr for IBIT.
Performance
SMMV vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMMV achieves a 2.04% return, which is significantly higher than IBIT's -25.48% return.
SMMV
- 1D
- -0.27%
- 1M
- -1.47%
- YTD
- 2.04%
- 6M
- 2.90%
- 1Y
- 6.20%
- 3Y*
- 10.82%
- 5Y*
- 4.87%
- 10Y*
- —
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMMV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF | 2.04% | 6.42% | 19.83% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between SMMV and IBIT is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.29 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMMV vs. IBIT — Risk / Return Rank
SMMV
IBIT
SMMV vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and iShares Bitcoin Trust ETF (IBIT). 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.
| SMMV | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.86 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | -0.79 | +1.68 |
| Martin ratioReturn relative to average drawdown | 2.82 | -1.36 | +4.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SMMV | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | -0.89 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.30 | +0.22 |
Drawdowns
SMMV vs. IBIT - Drawdown Comparison
The maximum SMMV drawdown since its inception was -38.77%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for SMMV and IBIT.
Loading charts...
Drawdown Indicators
| SMMV | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -49.36% | +10.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -49.36% | +42.34% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | — | — |
Current DrawdownCurrent decline from peak | -4.44% | -48.10% | +43.66% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -16.02% | +10.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 28.44% | -26.24% |
Volatility
SMMV vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) is 2.27%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that SMMV experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMMV | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 9.50% | -7.23% |
Volatility (6M)Calculated over the trailing 6-month period | 6.30% | 34.44% | -28.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 43.73% | -34.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 50.19% | -36.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 50.19% | -34.50% |
SMMV vs. IBIT - Expense Ratio Comparison
SMMV has a 0.20% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SMMV vs. IBIT - Dividend Comparison
SMMV's dividend yield for the trailing twelve months is around 1.75%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF | 1.75% | 1.77% | 1.76% | 2.30% | 1.67% | 1.08% | 1.39% | 1.64% | 1.72% | 1.63% | 0.79% |
Frequently Asked Questions
SMMV and IBIT have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to SMMV (2.27%). In terms of maximum drawdown, SMMV dropped -38.77% vs IBIT's -49.36%.
On 1-year performance, SMMV leads with 6.20% vs -38.74% for IBIT. On fees, SMMV is cheaper at 0.20% per year. On volatility, SMMV has been the lower-risk option at 2.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SMMV has performed better with a 6.20% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SMMV is cheaper with a 0.20% expense ratio, compared with 0.25% for IBIT.
SMMV has the higher dividend yield at 1.75%, compared with 0.00% for IBIT.
SMMV is categorized as Small Cap Growth Equities, while IBIT is Cryptocurrency. SMMV tracks MSCI USA Small Cap Minimum Volatility (USD) Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.20% for SMMV and 0.25% for IBIT.
SMMV currently has the higher Sharpe Ratio (0.64 vs -0.89), 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.
Find the right allocation for SMMV and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer