SMOG vs. IVV
Compare and contrast key facts about VanEck Low Carbon Energy ETF (SMOG) and iShares Core S&P 500 ETF (IVV).
SMOG and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMOG is a passively managed fund by VanEck that tracks the performance of the MVIS Global Low Carbon Energy Index. It was launched on May 3, 2007. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both SMOG and IVV 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
SMOG vs. IVV - Performance Comparison
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SMOG vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMOG VanEck Low Carbon Energy ETF | 7.30% | 33.36% | -9.33% | 1.42% | -29.92% | -2.75% | 118.38% | 38.86% | -10.18% | 22.69% |
IVV iShares Core S&P 500 ETF | -3.67% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Returns By Period
In the year-to-date period, SMOG achieves a 7.30% return, which is significantly higher than IVV's -3.67% return. Over the past 10 years, SMOG has underperformed IVV with an annualized return of 11.25%, while IVV has yielded a comparatively higher 14.11% annualized return.
SMOG
- 1D
- 0.24%
- 1M
- -1.69%
- YTD
- 7.30%
- 6M
- 8.93%
- 1Y
- 39.02%
- 3Y*
- 6.28%
- 5Y*
- -1.41%
- 10Y*
- 11.25%
IVV
- 1D
- 0.74%
- 1M
- -4.30%
- YTD
- -3.67%
- 6M
- -1.44%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.92%
- 10Y*
- 14.11%
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SMOG vs. IVV - Expense Ratio Comparison
SMOG has a 0.61% expense ratio, which is higher than IVV's 0.03% expense ratio.
Return for Risk
SMOG vs. IVV — Risk / Return Rank
SMOG
IVV
SMOG vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Low Carbon Energy ETF (SMOG) and iShares Core S&P 500 ETF (IVV). 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.
| SMOG | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.00 | +0.68 |
Sortino ratioReturn per unit of downside risk | 2.29 | 1.52 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.04 | 1.54 | +1.50 |
Martin ratioReturn relative to average drawdown | 11.76 | 7.28 | +4.47 |
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
| SMOG | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.00 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.71 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.78 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.42 | -0.37 |
Correlation
The correlation between SMOG and IVV 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.
Dividends
SMOG vs. IVV - Dividend Comparison
SMOG's dividend yield for the trailing twelve months is around 1.46%, more than IVV's 1.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMOG VanEck Low Carbon Energy ETF | 1.46% | 1.57% | 1.64% | 1.58% | 1.32% | 0.44% | 0.06% | 0.00% | 0.62% | 1.25% | 2.12% | 0.56% |
IVV iShares Core S&P 500 ETF | 1.22% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
SMOG vs. IVV - Drawdown Comparison
The maximum SMOG drawdown since its inception was -84.39%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for SMOG and IVV.
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Drawdown Indicators
| SMOG | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.39% | -55.25% | -29.14% |
Max Drawdown (1Y)Largest decline over 1 year | -13.04% | -12.06% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -47.86% | -24.53% | -23.33% |
Max Drawdown (10Y)Largest decline over 10 years | -51.10% | -33.90% | -17.20% |
Current DrawdownCurrent decline from peak | -22.46% | -5.57% | -16.89% |
Average DrawdownAverage peak-to-trough decline | -52.80% | -10.84% | -41.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.55% | +0.83% |
Volatility
SMOG vs. IVV - Volatility Comparison
VanEck Low Carbon Energy ETF (SMOG) has a higher volatility of 9.02% compared to iShares Core S&P 500 ETF (IVV) at 5.34%. This indicates that SMOG's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMOG | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.02% | 5.34% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 9.47% | +6.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.39% | 18.31% | +5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.26% | 16.89% | +8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.66% | 18.03% | +7.63% |