- ISIN
- IE00BMC38736
- Issuer
- VanEck
- Inception Date
- Dec 1, 2020
- Region
- Global (Broad)
- Category
- Semiconductors, Technology Equities, ESG, Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MarketVector US Listed Semiconductor 10% Capped Screened Index
- Domicile
- Ireland
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
SMH.L Performance Chart
VanEck Semiconductor UCITS ETF (SMH.L) is up 93.7% since the beginning of the year. SMH.L is currently trading at $121 per share. Investors who bought $1,000 worth of SMH.L shares 5 years ago would now be looking at an investment worth $4,981.
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Returns By Period
VanEck Semiconductor UCITS ETF (SMH.L) has returned 93.67% so far this year and 174.74% over the past 12 months.
VanEck Semiconductor UCITS ETF
- 1D
- 3.77%
- 1M
- 18.76%
- YTD
- 93.67%
- 6M
- 97.67%
- 1Y
- 174.74%
- 3Y*
- 60.68%
- 5Y*
- 37.87%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- 0.31%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 24.33%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
SMH.L Monthly Returns History
Based on dividend-adjusted daily data since Dec 1, 2020, SMH.L's average daily return is +0.15%, while the average monthly return is +3.15%. At this rate, an investment would double in approximately 1.9 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +38.4%, while the worst month was Jun 2022 at -15.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SMH.L closed higher 54% of trading days. The best single day was Apr 8, 2026 with a return of +7.5%, while the worst single day was Jan 27, 2025 at -9.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 16.62% | -0.99% | -9.93% | 38.41% | 24.09% | 8.43% | 93.67% | ||||||
| 2025 | 2.49% | -7.83% | -9.58% | -0.11% | 14.04% | 15.88% | 2.80% | 0.39% | 12.17% | 13.43% | -2.90% | 3.78% | 49.20% |
| 2024 | 4.01% | 11.03% | 5.46% | -4.56% | 6.85% | 10.03% | -7.18% | -1.92% | 1.72% | -3.97% | 0.07% | 2.05% | 24.11% |
| 2023 | 16.66% | 1.41% | 9.95% | -6.68% | 17.48% | 5.19% | 4.53% | -3.47% | -6.32% | -4.72% | 15.91% | 12.36% | 75.94% |
| 2022 | -12.37% | -0.01% | 1.47% | -14.14% | 2.08% | -15.56% | 12.57% | -8.81% | -12.05% | 1.29% | 13.62% | -5.70% | -35.54% |
| 2021 | 5.23% | 4.25% | 0.99% | 1.16% | 2.07% | 4.79% | 0.39% | 3.61% | -4.27% | 4.90% | 11.73% | 2.04% | 42.75% |
Benchmark Metrics
VanEck Semiconductor UCITS ETF has an annualized alpha of 26.28%, beta of 0.96, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since December 01, 2020.
- This ETF captured 207.93% of S&P 500 Index gains and 113.17% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.24 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 26.28%
- Beta
- 0.96
- R²
- 0.24
- Upside Capture
- 207.93%
- Downside Capture
- 113.17%
Expense Ratio
SMH.L has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SMH.L ranks 97 for risk / return — in the top 97% of ETFs 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 present risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (SMH.L) and compare them to 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.
| SMH.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.29 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.34 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 12.48 | 2.53 | +9.95 |
| Martin ratioReturn relative to average drawdown | 44.07 | 11.37 | +32.70 |
Dividends
Dividend History
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 VanEck Semiconductor UCITS ETF. 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 VanEck Semiconductor UCITS ETF was 45.38%, occurring on Oct 18, 2022. Recovery took 195 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -45.38%Oct 2022 | 9mo 22d | 9mo 13d | 1y 7moDec 2021 - Jul 2023 |
2025 selloff2025 | -36.25%Apr 2025 | 9mo | 3mo 9d | 1y 4dJul 2024 - Jul 2025 |
2024 correction2024 | -15.29%Apr 2024 | 1mo 15d | 1mo 1d | 2mo 16dMar 2024 - May 2024 |
2021 correction2021 | -15.24%Mar 2021 | 17d | 3mo 14d | 4mo 1dFeb 2021 - Jun 2021 |
2023 correction2023 | -14.79%Oct 2023 | 3mo 1d | 16d | 3mo 17dJul 2023 - Nov 2023 |
Drawdown Indicators
| SMH.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.38% | -56.78% | +11.40% |
Max Drawdown (1Y)Largest decline over 1 year | -13.91% | -9.10% | -4.81% |
Max Drawdown (3Y)Largest decline over 3 years | -36.25% | -18.90% | -17.35% |
Max Drawdown (5Y)Largest decline over 5 years | -45.38% | -25.43% | -19.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.34% | +2.34% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -10.72% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 2.02% | +1.93% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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