AIEQ vs. SMH
Compare and contrast key facts about AI Powered Equity ETF (AIEQ) and VanEck Vectors Semiconductor ETF (SMH).
AIEQ and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIEQ is an actively managed fund by ETFMG. It was launched on Oct 17, 2017. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIEQ or SMH.
Performance
AIEQ vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, AIEQ achieves a 15.94% return, which is significantly lower than SMH's 40.73% return.
AIEQ
15.94%
7.36%
17.81%
33.67%
9.33%
N/A
SMH
40.73%
-2.22%
2.62%
52.72%
33.43%
28.10%
Key characteristics
| AIEQ | SMH | |
|---|---|---|
| Sharpe Ratio | 1.85 | 1.52 |
| Sortino Ratio | 2.54 | 2.03 |
| Omega Ratio | 1.33 | 1.27 |
| Calmar Ratio | 1.18 | 2.11 |
| Martin Ratio | 8.85 | 5.65 |
| Ulcer Index | 3.87% | 9.27% |
| Daily Std Dev | 18.55% | 34.43% |
| Max Drawdown | -38.97% | -95.73% |
| Current Drawdown | -5.02% | -12.50% |
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AIEQ vs. SMH - Expense Ratio Comparison
AIEQ has a 0.80% expense ratio, which is higher than SMH's 0.35% expense ratio.
Correlation
The correlation between AIEQ and SMH is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
AIEQ vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AI Powered Equity ETF (AIEQ) and VanEck Vectors Semiconductor ETF (SMH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AIEQ vs. SMH - Dividend Comparison
AIEQ's dividend yield for the trailing twelve months is around 0.62%, more than SMH's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIEQ AI Powered Equity ETF | 0.62% | 0.97% | 0.11% | 1.76% | 0.39% | 0.60% | 9.11% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.42% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
AIEQ vs. SMH - Drawdown Comparison
The maximum AIEQ drawdown since its inception was -38.97%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for AIEQ and SMH. For additional features, visit the drawdowns tool.
Volatility
AIEQ vs. SMH - Volatility Comparison
The current volatility for AI Powered Equity ETF (AIEQ) is 5.25%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 8.43%. This indicates that AIEQ experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.