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VanEck Low Carbon Energy ETF (SMOG) Sharpe Ratio: 0.95

ETF · Currency in USD · Last updated Aug 2, 2026

The VanEck Low Carbon Energy ETF seeks to replicate the performance of the MVIS Global Low Carbon Energy Index, investing in companies involved in renewable energy sectors such as wind, solar, hydro, hydrogen, bio-fuel, geothermal technology, lithium-ion batteries, electric vehicles, and related equipment.

SMOG's Sharpe Ratio of 0.95 indicates that for each unit of volatility, it generates 0.95 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 2, 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. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SMOG Sharpe Ratio Rank

SMOG Sharpe Ratio Rank: 38.038
Below Average

SMOG ranks above 38.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. 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

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

SMOG Sharpe Ratio Market Positioning

The chart shows SMOG'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%): 0.56 or lower
  • Yellow zone (middle 50%): 0.56 to 1.74
  • Green zone (top 25%): 1.74 or higher
  • Top 1%: 6.38+
  • Median: 1.25 — half of all investments score higher

How it compares to other similar ETFs

The table compares VanEck Low Carbon Energy ETF's Sharpe Ratio with other ETFs in the Alternative Energy Equities, Energy Equities category across multiple time periods, showing how SMOG'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 Aug 2, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CRAKVanEck Oil Refiners ETF3.39
PXJInvesco Dynamic Oil & Gas Services ETF2.81
EIPXFT Energy Income Partners Strategy ETF2.51
HAPVanEck Natural Resources ETF2.48
XLEIState Street Energy Select Sector SPDR Premium Income ETF2.40
XESSPDR S&P Oil & Gas Equipment & Services ETF2.26
BESFBastion Energy ETF2.22
IXCiShares Global Energy ETF2.22
IGEiShares North American Natural Resources ETF2.19
PIPEInvesco SteelPath MLP & Energy Infrastructure ETF2.12
SMOGVanEck Low Carbon Energy ETF0.95
Benchmark

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Time Period

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Historical Sharpe Ratio

The chart shows SMOG'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 SMOG consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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