SMOT vs. IBID

Last updated Jun 23, 2026

SMOT (VanEck Morningstar SMID Moat ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - SMOT is a Mid Cap Blend Equities fund tracking the Morningstar US Small-Mid Cap Moat Focus, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, SMOT returned 14.98% vs 4.04% for IBID. At a 0.03 correlation, their price movements are largely independent. SMOT charges 0.49%/yr vs 0.10%/yr for IBID.

Performance

SMOT vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar SMID Moat ETF (SMOT) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMOT achieves a 5.47% return, which is significantly higher than IBID's 1.99% return.

SMOT

• 1D: -0.62%
• 1M: 0.99%
• YTD: 5.47%
• 6M: 4.06%
• 1Y: 14.98%
• 3Y*: 11.01%
• 5Y*: —
• 10Y*: —

IBID

• 1D: 0.00%
• 1M: -0.19%
• YTD: 1.99%
• 6M: 2.08%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SMOT vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SMOT VanEck Morningstar SMID Moat ETF	5.47%	6.46%	10.71%	7.78%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.99%	5.66%	4.71%	2.61%

Correlation

The correlation between SMOT and IBID is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.03

The correlation between SMOT and IBID shifts across timeframes, from -0.08 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SMOT vs. IBID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMOT

SMOT Risk / Return Rank: 32
SMOT Sharpe Ratio Rank: 30
SMOT Sortino Ratio Rank: 31
SMOT Omega Ratio Rank: 27
SMOT Calmar Ratio Rank: 35
SMOT Martin Ratio Rank: 36

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 93
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 96
IBID Calmar Ratio Rank: 96
IBID Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMOT vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar SMID Moat ETF (SMOT) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SMOT	IBID	Difference
Sharpe ratio: Return per unit of total volatility	1.05	3.29	-2.24
Sortino ratio: Return per unit of downside risk	1.62	5.55	-3.94
Omega ratio: Gain probability vs. loss probability	1.18	1.75	-0.56
Calmar ratio: Return relative to maximum drawdown	1.69	8.22	-6.53
Martin ratio: Return relative to average drawdown	5.38	30.99	-25.61

SMOT vs. IBID - Sharpe Ratio Comparison

The current SMOT Sharpe Ratio is 1.05, which is lower than the IBID Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of SMOT and IBID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SMOT vs. IBID - Drawdown Comparison

The maximum SMOT drawdown since its inception was -23.36%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for SMOT and IBID.

Drawdown Indicators

	SMOT	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-23.36%	-1.28%	-22.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.91%	-0.49%	-8.42%
Max Drawdown (3Y) Largest decline over 3 years	-23.36%	—	—
Current Drawdown Current decline from peak	-2.38%	-0.49%	-1.89%
Average Drawdown Average peak-to-trough decline	-4.79%	-0.22%	-4.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	0.13%	+2.66%

Volatility

SMOT vs. IBID - Volatility Comparison

VanEck Morningstar SMID Moat ETF (SMOT) has a higher volatility of 4.80% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that SMOT's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMOT	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	0.35%	+4.45%
Volatility (6M) Calculated over the trailing 6-month period	10.07%	0.86%	+9.21%
Volatility (1Y) Calculated over the trailing 1-year period	14.37%	1.23%	+13.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.44%	2.24%	+16.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.44%	2.24%	+16.20%

SMOT vs. IBID - Expense Ratio Comparison

SMOT has a 0.49% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

SMOT vs. IBID - Dividend Comparison

SMOT's dividend yield for the trailing twelve months is around 1.30%, less than IBID's 3.68% yield.

Position	TTM	2025	2024	2023	2022
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%	0.00%
SMOT VanEck Morningstar SMID Moat ETF	1.30%	1.37%	1.18%	0.65%	0.24%

Frequently Asked Questions

Can I hold both SMOT and IBID in my portfolio?

SMOT and IBID have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMOT or IBID?

SMOT has higher volatility (4.80%) compared to IBID (0.35%). In terms of maximum drawdown, SMOT dropped -23.36% vs IBID's -1.28%.

Which ETF is better, SMOT or IBID?

On 1-year performance, SMOT leads with 14.98% vs 4.04% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMOT or IBID?

Over the 1-year period, SMOT has performed better with a 14.98% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMOT or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.49% for SMOT.

Which ETF pays a higher dividend yield, SMOT or IBID?

IBID has the higher dividend yield at 3.68%, compared with 1.30% for SMOT.

What is the main difference between SMOT and IBID?

SMOT is categorized as Mid Cap Blend Equities, while IBID is Inflation-Protected Bonds. SMOT tracks Morningstar US Small-Mid Cap Moat Focus, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.49% for SMOT and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.29 vs 1.05), 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.