SMN vs. VT
Compare and contrast key facts about ProShares UltraShort Basic Materials (SMN) and Vanguard Total World Stock ETF (VT).
SMN and VT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMN is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Basic Materials Index (-200%). It was launched on Jan 30, 2007. VT is a passively managed fund by Vanguard that tracks the performance of the FTSE Global All Cap Index. It was launched on Jun 24, 2008. Both SMN and VT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SMN vs. VT - Performance Comparison
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SMN vs. VT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMN ProShares UltraShort Basic Materials | -18.15% | -17.96% | 7.37% | -20.23% | -3.03% | -45.83% | -55.75% | -33.63% | 32.74% | -38.03% |
VT Vanguard Total World Stock ETF | -1.71% | 22.43% | 16.49% | 22.02% | -18.00% | 18.27% | 16.59% | 26.81% | -9.76% | 24.50% |
Returns By Period
In the year-to-date period, SMN achieves a -18.15% return, which is significantly lower than VT's -1.71% return. Over the past 10 years, SMN has underperformed VT with an annualized return of -25.54%, while VT has yielded a comparatively higher 11.53% annualized return.
SMN
- 1D
- -2.72%
- 1M
- 13.58%
- YTD
- -18.15%
- 6M
- -20.28%
- 1Y
- -29.84%
- 3Y*
- -13.54%
- 5Y*
- -16.86%
- 10Y*
- -25.54%
VT
- 1D
- 3.08%
- 1M
- -6.22%
- YTD
- -1.71%
- 6M
- 1.42%
- 1Y
- 21.53%
- 3Y*
- 16.86%
- 5Y*
- 9.22%
- 10Y*
- 11.53%
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SMN vs. VT - Expense Ratio Comparison
SMN has a 0.95% expense ratio, which is higher than VT's 0.06% expense ratio.
Return for Risk
SMN vs. VT — Risk / Return Rank
SMN
VT
SMN vs. VT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Basic Materials (SMN) and Vanguard Total World Stock ETF (VT). 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.
| SMN | VT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.70 | 1.25 | -1.96 |
Sortino ratioReturn per unit of downside risk | -0.83 | 1.84 | -2.68 |
Omega ratioGain probability vs. loss probability | 0.89 | 1.27 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | -0.58 | 1.83 | -2.41 |
Martin ratioReturn relative to average drawdown | -0.88 | 8.51 | -9.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMN | VT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | 1.25 | -1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.43 | 0.58 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.60 | 0.67 | -1.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | 0.40 | -0.94 |
Correlation
The correlation between SMN and VT is -0.80. 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.
Dividends
SMN vs. VT - Dividend Comparison
SMN's dividend yield for the trailing twelve months is around 4.30%, more than VT's 1.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMN ProShares UltraShort Basic Materials | 4.30% | 4.08% | 5.02% | 4.54% | 0.42% | 0.00% | 0.00% | 0.72% | 0.06% | 0.00% | 0.00% | 0.00% |
VT Vanguard Total World Stock ETF | 1.82% | 1.82% | 1.95% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% |
Drawdowns
SMN vs. VT - Drawdown Comparison
The maximum SMN drawdown since its inception was -99.92%, which is greater than VT's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for SMN and VT.
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Drawdown Indicators
| SMN | VT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -50.27% | -49.65% |
Max Drawdown (1Y)Largest decline over 1 year | -53.71% | -11.84% | -41.87% |
Max Drawdown (5Y)Largest decline over 5 years | -66.05% | -26.38% | -39.67% |
Max Drawdown (10Y)Largest decline over 10 years | -95.64% | -34.24% | -61.40% |
Current DrawdownCurrent decline from peak | -99.90% | -6.89% | -93.01% |
Average DrawdownAverage peak-to-trough decline | -90.46% | -7.08% | -83.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.23% | 2.55% | +32.68% |
Volatility
SMN vs. VT - Volatility Comparison
ProShares UltraShort Basic Materials (SMN) has a higher volatility of 12.67% compared to Vanguard Total World Stock ETF (VT) at 6.33%. This indicates that SMN's price experiences larger fluctuations and is considered to be riskier than VT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMN | VT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.67% | 6.33% | +6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 25.22% | 9.95% | +15.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.54% | 17.24% | +25.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.57% | 15.98% | +23.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.87% | 17.20% | +25.67% |