PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SMH + MAGS
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Diversification

SMH + MAGS

Currency in USD · Last updated Jun 13, 2026

Asset Allocation

SMH 52.00%XNTK 48.00%EquityEquity
PositionCategory/SectorTarget Weight
SMH
VanEck Semiconductor ETF		Semiconductors, Technology Equities
52%
XNTK
SPDR NYSE Technology ETF		Technology Equities
48%

S&P 500 Index

Portfolio Optimizer

Find the right asset allocation for SMH + MAGS

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 Optimizer

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in SMH + MAGS, 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.

Loading charts...

Returns By Period

As of Jun 13, 2026, the SMH + MAGS returned 52.66% Year-To-Date and 31.73% of annualized return in the last 10 years.

Position1D1MYTD6M1Y3Y*5Y*10Y*
Benchmark
S&P 500 Index
0.50%-0.93%8.56%8.85%24.33%19.37%11.84%13.61%
Portfolio
SMH + MAGS
1.26%7.32%52.66%54.27%102.91%50.15%29.57%31.73%
Portfolio components:
SMH
VanEck Semiconductor ETF		1.72%7.20%72.15%75.62%141.99%60.05%38.42%37.49%
XNTK
SPDR NYSE Technology ETF		0.69%7.46%32.86%32.78%65.70%39.05%19.92%25.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jan 2, 2001, SMH + MAGS's average daily return is +0.07%, while the average monthly return is +1.37%. At this rate, an investment would double in approximately 4.2 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2026 with a return of +27.5%, while the worst month was Sep 2001 at -27.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, SMH + MAGS closed higher 54% of trading days. The best single day was Jan 3, 2001 with a return of +16.5%, while the worst single day was Mar 16, 2020 at -13.9%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20266.92%-1.74%-5.35%27.46%18.43%1.71%52.66%
20252.90%-3.69%-8.12%1.23%11.63%13.32%1.71%1.31%12.52%9.27%-4.08%1.71%44.11%
20244.83%10.19%4.13%-5.09%9.02%7.96%-4.49%-0.58%2.74%-1.34%2.63%-0.63%31.90%
202316.66%-0.28%9.66%-4.74%14.03%6.32%5.93%-2.36%-6.67%-3.46%15.86%8.03%71.87%
2022-11.07%-3.99%0.44%-14.86%1.99%-13.69%13.20%-7.30%-13.12%3.02%15.04%-9.58%-37.21%
20212.85%4.57%-0.35%1.68%0.94%6.00%0.03%3.26%-5.08%6.44%6.66%0.29%30.16%

Benchmark Metrics

SMH + MAGS has an annualized alpha of 6.43%, beta of 1.26, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since January 02, 2001.

  • This portfolio captured 173.14% of S&P 500 Index gains and 129.88% of its losses - amplifying both gains and losses, but participating more in upside than downside.
  • This portfolio generated an annualized alpha of 6.43% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
Alpha
6.43%
Beta
1.26
R²
0.67
Upside Capture
173.14%
Downside Capture
129.88%
See how alpha, beta & R² have trended over time →

Expense Ratio

SMH + MAGS has an expense ratio of 0.35%, 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.

SMH
VanEck Semiconductor ETF
XNTK
SPDR NYSE Technology ETF

Return for Risk

Risk / Return Rank

SMH + MAGS ranks 93 for risk / return — in the top 93% 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.

SMH + MAGS Risk / Return Rank: 9393
Overall Rank
SMH + MAGS Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
SMH + MAGS Sortino Ratio Rank: 9090
Sortino Ratio Rank
SMH + MAGS Omega Ratio Rank: 9292
Omega Ratio Rank
SMH + MAGS Calmar Ratio Rank: 9595
Calmar Ratio Rank
SMH + MAGS Martin Ratio Rank: 9595
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for SMH + MAGS 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.

PortfolioBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

3.43

1.86

+1.56

Sortino ratioReturn per unit of downside risk

3.79

2.53

+1.26

Omega ratioGain probability vs. loss probability

1.53

1.34

+0.20

Calmar ratioReturn relative to maximum drawdown

6.96

2.53

+4.43

Martin ratioReturn relative to average drawdown

25.10

11.37

+13.73

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

PositionRisk / Return RankSharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
SMH
VanEck Semiconductor ETF
95
4.134.261.609.1833.74
XNTK
SPDR NYSE Technology ETF
79
2.503.011.423.7312.16

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

The current SMH + MAGS Sharpe ratio is 3.43 as of Jun 13, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.54 to 2.41, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of SMH + MAGS compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading charts...

Dividends

Dividend yield

SMH + MAGS provided a 0.18% dividend yield over the last twelve months.

PositionTTM20252024202320222021202020192018201720162015
Portfolio0.18%0.27%0.43%0.47%1.02%0.43%0.50%1.07%15.20%1.36%0.81%1.56%
Portfolio components:
SMH
VanEck Semiconductor ETF		0.18%0.31%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%
XNTK
SPDR NYSE Technology ETF		0.17%0.23%0.42%0.34%0.85%0.34%0.30%0.61%29.64%1.29%0.81%0.93%

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.

Loading charts...

Worst Drawdowns

The table below displays the maximum drawdowns of the SMH + MAGS. 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 SMH + MAGS was 70.88%, occurring on Oct 9, 2002. Recovery took 2820 trading sessions.

The current SMH + MAGS drawdown is 3.64%.

Related event

Drawdown

Fall

Recovery

Underwater

Dot-com crash2000–2002
-70.88%Oct 2002
1y 8mo11y 2mo
12y 11moJan 2001 - Dec 2013
Bear market2022
-46.13%Oct 2022
10mo 26d1y 1mo
2y 19dNov 2021 - Dec 2023
COVID crash2020
-32.87%Mar 2020
27d2mo 19d
3mo 16dFeb 2020 - Jun 2020
2025 selloff2025
-28.95%Apr 2025
1mo 18d2mo 3d
3mo 21dFeb 2025 - Jun 2025
Rate-hike selloffLate 2018
-26.70%Dec 2018
9mo 16d3mo 12d
1y 23dMar 2018 - Apr 2019

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading charts...

Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 2 assets, with an effective number of assets of 2.00, 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
5Y
10Y
All Time
Diversification Ratio

1.02

1.02

1.02

1.02

1.04

The portfolio has a diversification ratio of 1.04, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

SMH + MAGS correlation to the S&P 500 Index

SMH + MAGS has a 0.83 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.
Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (5Y)
Calculated over the trailing 5-year period

0.85

Correlation (10Y)
Calculated over the trailing 10-year period

0.82

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2001

0.80

Benchmark Correlations

Correlation vs. S&P 500 Index. XNTK has the highest benchmark correlation at 0.80, while SMH has the lowest at 0.75.

SMH
0.75
XNTK
0.80

Portfolio Correlations

Correlation vs. SMH + MAGS. SMH has the highest portfolio correlation at 0.97, while XNTK has the lowest at 0.94.

XNTK
0.94
SMH
0.97

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
SMHXNTK
SMH1.000.84
XNTK0.841.00
The correlation results are calculated based on daily price changes starting from Jan 2, 2001
Diversification Analysis

Find what SMH + MAGS is missing

See which holdings overlap, where SMH + MAGS is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification