IVOL vs SMIZ
Comparison between QUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF (IVOL, ETF) and ZACKS SMALL/MID CAP ETF (SMIZ, ETF).
IVOL vs SMIZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IVOL
$272M
SMIZ
$271M
Expense Ratio
IVOL
0.98%
Winner
SMIZ
0.55%
Max Drawdown
IVOL
40.71%
Winner
SMIZ
26.16%
Sharpe Ratio
IVOL
-1.79
Winner
SMIZ
0.90
5Y Beta
Winner
IVOL
-0.19
SMIZ
1.04
P/E Ratio
IVOL
N/A
SMIZ
27.79
Forward P/E
IVOL
N/A
SMIZ
16.96
5Y Dividends CAGR
IVOL
-6.18%
SMIZ
N/A
5Y EPS CAGR
IVOL
N/A
SMIZ
16.50%
Debt to Equity
IVOL
N/A
SMIZ
45.67%
P/S Ratio
IVOL
N/A
SMIZ
1.31
P/B Ratio
IVOL
N/A
SMIZ
2.91
IVOL vs SMIZ - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IVOL
+1.61%
SMIZ
-0.23%
3M
IVOL
-1.52%
Winner
SMIZ
+0.49%
6M
IVOL
-6.68%
Winner
SMIZ
+7.24%
1Y
IVOL
-8.63%
Winner
SMIZ
+17.89%
5Y(CAGR)
IVOL
-5.53%
SMIZ
N/A
Max(CAGR)
IVOL
-1.37%
Winner
SMIZ
+21.60%
IVOL vs SMIZ - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | IVOL | SMIZ |
|---|---|---|
| 2026 | -6.55% | +12.85% |
| 2025 | +12.03% | +12.07% |
| 2024 | -10.51% | +19.02% |
| 2023 | -4.63% | +16.39% |
| 2022 | -12.97% | N/A |
| 2021 | -0.69% | N/A |
| 2020 | +14.96% | N/A |
| 2019 | +3.23% | N/A |
IVOL vs SMIZ Drawdown Comparison
The maximum drawdown for IVOL was -31.17%, occurring on Dec 18, 2024. This drawdown has not yet recovered.
The maximum drawdown for SMIZ was -25.02%, occurring on Apr 8, 2025. Recovery took 178 trading sessions.
The current IVOL drawdown is -26.83%. The current SMIZ drawdown is -5.23%.
| Rank | IVOL | SMIZ |
|---|---|---|
| #1 | -31.17% May 10, 2021 - Dec 18, 2024 | -25.02% Dec 4, 2024 - Aug 22, 2025 |
| #2 | -8.02% Mar 6, 2020 - Mar 26, 2020 | -10.51% Feb 9, 2026 - Apr 13, 2026 |
| #3 | -3.93% Mar 26, 2020 - Apr 8, 2020 | -9.41% Jul 16, 2024 - Sep 19, 2024 |
| #4 | -3.23% Jun 6, 2019 - Feb 28, 2020 | -7.69% Jun 30, 2026 - Jul 29, 2026 |
| #5 | -2.52% Apr 13, 2020 - May 8, 2020 | -7.65% Mar 28, 2024 - Jul 15, 2024 |
| #6 | -2.26% Feb 16, 2021 - May 5, 2021 | -7.56% Oct 27, 2025 - Dec 11, 2025 |
| #7 | -1.94% Aug 31, 2020 - Dec 2, 2020 | -7.28% Oct 11, 2023 - Nov 14, 2023 |
| #8 | -1.50% May 16, 2019 - May 30, 2019 | -4.17% May 6, 2026 - May 26, 2026 |
| #9 | -1.37% May 8, 2020 - Jun 4, 2020 | -4.10% Sep 22, 2025 - Oct 24, 2025 |
| #10 | -1.22% Jun 5, 2020 - Aug 5, 2020 | -3.87% Jun 4, 2026 - Jun 12, 2026 |
| #11 | -0.51% Aug 17, 2020 - Aug 25, 2020 | -3.85% Dec 28, 2023 - Jan 29, 2024 |
| #12 | -0.47% Jan 21, 2021 - Feb 3, 2021 | -3.73% Nov 11, 2024 - Nov 22, 2024 |
| #13 | -0.39% Dec 21, 2020 - Jan 4, 2021 | -3.59% Dec 11, 2025 - Jan 6, 2026 |
| #14 | -0.39% Jan 7, 2021 - Jan 14, 2021 | -2.73% Jan 22, 2026 - Feb 6, 2026 |
| #15 | -0.31% Feb 8, 2021 - Feb 12, 2021 | -2.59% Oct 18, 2024 - Nov 6, 2024 |
Correlation
Correlation between IVOL and SMIZ is -0.08 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.08
-101
Dividend Comparison (2019 - 2026)
IVOL vs SMIZ dividend yield comparison.
| Year | IVOL | SMIZ |
|---|---|---|
| 2026 | 2.19% | 0.00% |
| 2025 | 3.61% | 0.62% |
| 2024 | 3.83% | 1.57% |
| 2023 | 3.73% | 0.07% |
| 2022 | 3.92% | 0.00% |
| 2021 | 3.93% | 0.00% |
| 2020 | 3.44% | 0.00% |
| 2019 | 2.02% | 0.00% |
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