Add coconut milk and coconut water to the blender, followed by mango, pineapple, banana, lime juice, and honey.
Blend on high until completely smooth. If too thick, add a splash more coconut water; if too thin, add ice or extra frozen fruit.
Taste and adjust sweetness with a little more honey or brightness with another squeeze of lime, if desired.
Pour into two chilled glasses and top with shredded coconut. Serve immediately.
Notes
For a lighter smoothie, use lite coconut milk or swap half the coconut milk for additional coconut water. Add a scoop of vanilla protein powder for extra protein.