VanEck Fabless Semiconductor ETF (SMHX) Sharpe Ratio: 4.06

SMHX's Sharpe Ratio of 4.06 indicates that for each unit of volatility, it generates 4.06 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 5, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

SMHX Sharpe Ratio Rank

Exceptional

SMHX ranks above 95.7% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Suitable as a core holding given strong risk-adjusted returns
Monitor rank changes to detect deteriorating return-to-volatility profile
Exceptional Sharpe ratio supports larger position sizes
Compare with category peers to assess whether strength is investment-specific or category-wide

SMHX Sharpe Ratio Market Positioning

The chart shows SMHX's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.86 or lower
Yellow zone (middle 50%): 0.86 to 2.39
Green zone (top 25%): 2.39 or higher
Top 1%: 7.72+
Median: 1.70 — half of all investments score higher

How it compares to other similar ETFs

The table compares VanEck Fabless Semiconductor ETF's Sharpe Ratio with other ETFs in the Semiconductors, Technology Equities category across multiple time periods, showing how SMHX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.

Symbol	Name	1Y Sharpe Ratio
SOXL	Direxion Daily Semiconductor Bull 3X ETF	12.69
CHPS	Xtrackers Semiconductor Select Equity ETF	6.17
FTXL	First Trust Nasdaq Semiconductor ETF	6.00
AIS	VistaShares Artificial Intelligence Supercycle ETF	5.96
PSI	Invesco Semiconductors ETF	5.34
SOXX	iShares Semiconductor ETF	5.29
CHPY	YieldMax Semiconductor Portfolio Option Income ETF	5.23
SOXQ	Invesco PHLX Semiconductor ETF	5.11
AIVC	Amplify Bloomberg AI Value Chain ETF	4.96
SMH	VanEck Semiconductor ETF	4.94
SMHX	VanEck Fabless Semiconductor ETF	4.06

Benchmark Against

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S&P 500 Index

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Historical Sharpe Ratio

The chart shows SMHX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SMHX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does SMHX fit in your portfolio?

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