Asset Allocation
Find the right asset allocation for Smh1
Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio OptimizerPerformance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Smh1, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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Returns By Period
| Position | 1D | 1M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | ALL TIME* |
|---|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | -0.19% | -0.76% | 7.25% | 8.73% | 18.21% | 17.95% | 11.30% | 13.09% | 8.08% |
Portfolio Smh1 | -0.08% | -3.03% | 21.65% | 27.70% | 43.91% | 26.08% | — | — | 24.85% |
| Portfolio components: | |||||||||
3199.HK ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF | -0.17% | -0.11% | 4.73% | 5.26% | 7.38% | 5.57% | 2.74% | 2.87% | 2.66% |
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | -0.26% | 6.41% | 25.69% | 26.18% | 37.04% | 18.95% | 24.65% | 7.40% | -4.16% |
IDVO Amplify CWP International Enhanced Dividend Income ETF | -0.38% | -0.99% | 4.02% | 12.22% | 30.16% | 20.92% | — | — | 21.32% |
SMH VanEck Semiconductor ETF | 0.41% | -15.31% | 39.57% | 55.17% | 93.09% | 54.43% | 34.99% | 34.79% | 11.21% |
Monthly Returns
Based on dividend-adjusted daily data since Sep 8, 2022, Smh1's average daily return is +0.09%, while the average monthly return is +1.91%. At this rate, an investment would double in approximately 3.1 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2026 with a return of +11.2%, while the worst month was Sep 2022 at -7.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, Smh1 closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +6.9%, while the worst single day was Apr 4, 2025 at -5.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.60% | 2.81% | -1.22% | 11.23% | 5.51% | 1.49% | -1.89% | 27.70% | |||||
| 2025 | 1.48% | -0.24% | -1.06% | -0.53% | 5.84% | 6.56% | 0.59% | 2.56% | 4.80% | 3.01% | 0.71% | 1.28% | 27.63% |
| 2024 | 1.55% | 5.24% | 4.19% | -0.93% | 4.54% | 0.87% | 0.08% | 0.99% | 0.15% | -0.86% | 0.95% | -2.18% | 15.29% |
| 2023 | 7.87% | -2.61% | 3.43% | -0.85% | 1.03% | 4.90% | 3.87% | -1.49% | -2.14% | -2.16% | 7.29% | 3.40% | 24.07% |
| 2022 | -7.23% | 4.68% | 8.76% | -4.28% | 1.10% |
Benchmark Metrics
Smh1 has an annualized alpha of 9.93%, beta of 0.77, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since September 08, 2022.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (92.91%) than losses (51.07%) - typical of diversified or defensive assets.
- This portfolio generated an annualized alpha of 9.93% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 9.93%
- Beta
- 0.77
- R²
- 0.69
- Upside Capture
- 92.91%
- Downside Capture
- 51.07%
Expense Ratio
Smh1 has an expense ratio of 0.59%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
Smh1 ranks 97 for risk / return — in the top 97% of Portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for Smh1 and compares them with S&P 500 Index.
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.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 3.04 | 1.45 | +1.59 |
| Sortino ratioReturn per unit of downside risk | 3.83 | 2.03 | +1.80 |
| Omega ratioGain probability vs. loss probability | 1.56 | 1.26 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 8.92 | 2.01 | +6.91 |
| Martin ratioReturn relative to average drawdown | 26.64 | 8.68 | +17.96 |
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
3199.HK ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF | 80 | 1.64 | 2.50 | 1.31 | 5.15 | 17.16 |
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | 85 | 2.35 | 3.08 | 1.39 | 3.34 | 10.50 |
IDVO Amplify CWP International Enhanced Dividend Income ETF | 77 | 1.85 | 2.50 | 1.33 | 2.92 | 10.74 |
SMH VanEck Semiconductor ETF | 90 | 2.53 | 2.87 | 1.39 | 5.57 | 18.66 |
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Dividends
Dividend yield
Smh1 provided a 4.89% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 4.89% | 5.67% | 6.15% | 6.17% | 4.83% | 2.03% | 2.27% | 2.80% | 3.46% | 2.94% | 2.17% | 2.21% |
| Portfolio components: | ||||||||||||
3199.HK ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF | 2.50% | 3.34% | 3.42% | 3.51% | 3.65% | 3.40% | 3.29% | 3.57% | 3.61% | 3.39% | 3.55% | 3.68% |
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | 11.19% | 13.62% | 14.58% | 14.87% | 12.55% | 4.23% | 5.10% | 6.11% | 8.37% | 6.93% | 4.34% | 3.03% |
IDVO Amplify CWP International Enhanced Dividend Income ETF | 5.69% | 5.42% | 6.14% | 5.72% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.20% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Smh1. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Smh1 was 14.94%, occurring on Apr 8, 2025. Recovery took 25 trading sessions.
The current Smh1 drawdown is 3.69%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.94%Apr 2025 | 1mo 16d | 1mo 6d | 2mo 22dFeb 2025 - May 2025 | 2025 selloff2025 |
-11.13%Oct 2022 | 1mo 1d | 28d | 1mo 29dSep 2022 - Nov 2022 | Bear market2022 |
-8.34%Aug 2024 | 25d | 2mo 5d | 3moJul 2024 - Oct 2024 | — |
-6.49%Dec 2024 | 2mo 5d | 2mo 3d | 4mo 8dOct 2024 - Feb 2025 | — |
-6.33%Mar 2023 | 28d | 29d | 1mo 27dFeb 2023 - Apr 2023 | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 4 assets, with an effective number of assets of 4.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.
Diversification Ratio
1Y | 3Y | All Time | |
|---|---|---|---|
Diversification Ratio | 1.43 | 1.32 | 1.32 |
The portfolio has a diversification ratio of 1.32, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
Smh1 correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.79 |
Benchmark Correlations
Correlation vs. S&P 500 Index. SMH has the highest benchmark correlation at 0.79, while 3199.HK has the lowest at 0.07.
Asset Correlations Table
Find what Smh1 is missing
See which holdings overlap, where Smh1 is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification