SMOT vs. IJR
Compare and contrast key facts about VanEck Morningstar SMID Moat ETF (SMOT) and iShares Core S&P Small-Cap ETF (IJR).
SMOT and IJR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMOT is a passively managed fund by VanEck that tracks the performance of the Morningstar US Small-Mid Cap Moat Focus. It was launched on Oct 4, 2022. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000. Both SMOT and IJR 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: SMOT or IJR.
Key characteristics
| SMOT | IJR | |
|---|---|---|
| YTD Return | 15.27% | 16.06% |
| 1Y Return | 36.41% | 39.21% |
| Sharpe Ratio | 2.19 | 1.82 |
| Sortino Ratio | 3.07 | 2.68 |
| Omega Ratio | 1.39 | 1.32 |
| Calmar Ratio | 2.44 | 1.67 |
| Martin Ratio | 9.54 | 10.61 |
| Ulcer Index | 3.64% | 3.52% |
| Daily Std Dev | 15.86% | 20.57% |
| Max Drawdown | -17.29% | -58.15% |
| Current Drawdown | -0.16% | -0.12% |
Correlation
The correlation between SMOT and IJR is 0.92, 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.
Performance
SMOT vs. IJR - Performance Comparison
In the year-to-date period, SMOT achieves a 15.27% return, which is significantly lower than IJR's 16.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMOT vs. IJR - Expense Ratio Comparison
SMOT has a 0.49% expense ratio, which is higher than IJR's 0.07% expense ratio.
Risk-Adjusted Performance
SMOT vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar SMID Moat ETF (SMOT) and iShares Core S&P Small-Cap ETF (IJR). 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
SMOT vs. IJR - Dividend Comparison
SMOT's dividend yield for the trailing twelve months is around 0.57%, less than IJR's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMOT VanEck Morningstar SMID Moat ETF | 0.57% | 0.65% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IJR iShares Core S&P Small-Cap ETF | 1.22% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
SMOT vs. IJR - Drawdown Comparison
The maximum SMOT drawdown since its inception was -17.29%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for SMOT and IJR. For additional features, visit the drawdowns tool.
Volatility
SMOT vs. IJR - Volatility Comparison
The current volatility for VanEck Morningstar SMID Moat ETF (SMOT) is 3.94%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 7.32%. This indicates that SMOT experiences smaller price fluctuations and is considered to be less risky than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.