VOO/VGT/SMH

Asset Allocation

Position	Category/Sector	Target Weight
VOO Vanguard S&P 500 ETF	S&P 500	50%
VGT Vanguard Information Technology ETF	Technology Equities	30%
SMH VanEck Semiconductor ETF	Semiconductors, Technology Equities	20%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Portfolio Optimizer

Find the right asset allocation for VOO/VGT/SMH

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 VOO/VGT/SMH, 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 9, 2026, the VOO/VGT/SMH returned 24.55% Year-To-Date and 22.75% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.30%	0.09%	8.18%	8.17%	23.42%	19.88%	11.91%	13.45%
Portfolio VOO/VGT/SMH	1.85%	2.78%	24.55%	23.08%	52.08%	32.27%	20.85%	22.75%
Portfolio components:
SMH VanEck Semiconductor ETF	5.00%	5.58%	66.10%	62.81%	137.42%	60.43%	37.89%	36.92%
VGT Vanguard Information Technology ETF	1.71%	4.28%	24.57%	21.33%	50.38%	31.24%	20.82%	25.14%
VOO Vanguard S&P 500 ETF	0.25%	0.24%	8.72%	8.77%	24.91%	21.45%	13.49%	15.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 9, 2010, VOO/VGT/SMH's average daily return is +0.08%, while the average monthly return is +1.63%. At this rate, an investment would double in approximately 3.6 years.

Historically, 65% of months were positive and 35% were negative. The best month was Apr 2026 with a return of +17.3%, while the worst month was Mar 2020 at -11.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, VOO/VGT/SMH closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +12.1%, while the worst single day was Mar 16, 2020 at -12.8%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.90%	-1.06%	-4.86%	17.29%	11.91%	-2.03%							24.55%
2025	1.22%	-2.39%	-7.38%	-0.04%	8.95%	8.81%	3.08%	1.42%	6.42%	5.32%	-2.09%	0.67%	25.27%
2024	2.67%	6.92%	3.39%	-4.67%	7.38%	5.88%	-0.93%	1.26%	1.95%	-1.00%	5.06%	-1.08%	29.47%
2023	9.42%	-0.86%	6.91%	-0.49%	5.94%	6.21%	3.60%	-2.02%	-5.77%	-2.43%	11.67%	5.72%	43.06%
2022	-7.13%	-3.32%	3.02%	-10.90%	0.86%	-10.30%	11.88%	-5.71%	-10.89%	6.73%	8.31%	-7.27%	-24.86%
2021	0.03%	3.12%	2.71%	4.13%	0.45%	4.35%	2.30%	3.11%	-5.13%	7.33%	2.87%	3.35%	32.07%

Benchmark Metrics

VOO/VGT/SMH has an annualized alpha of 4.96%, beta of 1.13, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since September 09, 2010.

This portfolio captured 130.27% of S&P 500 Index gains and 100.81% of its losses - amplifying both gains and losses, but participating more in upside than downside.
This portfolio generated an annualized alpha of 4.96% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
With beta of 1.13 and R2 of 0.92, this portfolio moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

Alpha: 4.96%

Beta: 1.13

R²: 0.92

Upside Capture: 130.27%

Downside Capture: 100.81%

Expense Ratio

VOO/VGT/SMH has an expense ratio of 0.11%, which is considered low. 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

VGT

Vanguard Information Technology ETF

VOO

Vanguard S&P 500 ETF

Return for Risk

Risk / Return Rank

VOO/VGT/SMH ranks 84 for risk / return — in the top 84% 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.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

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 VOO/VGT/SMH and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.84	1.94	+0.90
Sortino ratioReturn per unit of downside risk	3.48	2.63	+0.85
Omega ratioGain probability vs. loss probability	1.48	1.35	+0.13
Calmar ratioReturn relative to maximum drawdown	4.68	2.59	+2.09
Martin ratioReturn relative to average drawdown	19.15	11.84	+7.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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
SMH VanEck Semiconductor ETF	96	4.27	4.33	1.62	9.26	34.80
VGT Vanguard Information Technology ETF	71	2.35	2.89	1.39	3.09	9.77
VOO Vanguard S&P 500 ETF	69	2.08	2.80	1.38	2.81	12.97

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.

VOO/VGT/SMH Sharpe ratios as of Jun 9, 2026 (values are recalculated daily):

1-Year: 2.84
5-Year: 0.94
10-Year: 1.03
All Time: 0.99

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.60 to 2.47, 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 VOO/VGT/SMH compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading charts...

Dividends

Dividend yield

VOO/VGT/SMH provided a 0.66% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.66%	0.75%	0.89%	1.04%	1.36%	0.92%	1.16%	1.58%	1.79%	1.47%	1.56%	1.86%
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%
VGT Vanguard Information Technology ETF	0.33%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

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 VOO/VGT/SMH. 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 VOO/VGT/SMH was 32.76%, occurring on Mar 23, 2020. Recovery took 76 trading sessions.

The current VOO/VGT/SMH drawdown is 4.66%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-32.76%Mar 2020	1mo 2d	3mo 19d	4mo 21dFeb 2020 - Jul 2020
Bear market2022	-32.11%Oct 2022	9mo 20d	1y 1mo	1y 10moDec 2021 - Nov 2023
2025 selloff2025	-23.94%Apr 2025	2mo 14d	2mo 17d	5mo 1dJan 2025 - Jun 2025
Rate-hike selloffLate 2018	-21.39%Dec 2018	2mo 21d	2mo 27d	5mo 18dOct 2018 - Mar 2019
2011 correction2011	-19.20%Aug 2011	3mo 19d	5mo 17d	9mo 6dMay 2011 - Feb 2012

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading charts...

Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 3 assets, with an effective number of assets of 2.63, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.05	1.04	1.04	1.04	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.

VOO/VGT/SMH correlation to the S&P 500 Index

VOO/VGT/SMH has a 0.92 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.94

Benchmark Correlations

Correlation vs. S&P 500 Index. VOO has the highest benchmark correlation at 1.00, while SMH has the lowest at 0.77.

SMH

0.77

VGT

0.89

VOO

1.00

Portfolio Correlations

Correlation vs. VOO/VGT/SMH. VGT has the highest portfolio correlation at 0.97, while SMH has the lowest at 0.92.

SMH

0.92

VOO

0.94

VGT

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.

	SMH	VOO	VGT
SMH	1.00	0.77	0.86
VOO	0.77	1.00	0.89
VGT	0.86	0.89	1.00

The correlation results are calculated based on daily price changes starting from Sep 9, 2010

Diversification Analysis

Find what VOO/VGT/SMH is missing

See which holdings overlap, where VOO/VGT/SMH is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification