AINF.L vs. SMH
Compare and contrast key facts about iShares AI Infrastructure UCITS ETF USD Accumulating (AINF.L) and VanEck Semiconductor ETF (SMH).
AINF.L and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AINF.L is managed by iShares. 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.
Performance
AINF.L vs. SMH - Performance Comparison
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AINF.L vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AINF.L iShares AI Infrastructure UCITS ETF USD Accumulating | -1.18% | 34.74% | 0.43% |
SMH VanEck Semiconductor ETF | 8.48% | 38.54% | 0.72% |
Different Trading Currencies
AINF.L is traded in GBP, while SMH is traded in USD. To make them comparable, the SMH values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, AINF.L achieves a -1.18% return, which is significantly lower than SMH's 2.67% return.
AINF.L
- 1D
- 0.26%
- 1M
- -6.11%
- YTD
- -1.18%
- 6M
- 8.62%
- 1Y
- 54.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- 0.00%
- 1M
- -8.95%
- YTD
- 2.67%
- 6M
- 13.44%
- 1Y
- 68.17%
- 3Y*
- 37.63%
- 5Y*
- 25.34%
- 10Y*
- 31.53%
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AINF.L vs. SMH - Expense Ratio Comparison
Return for Risk
AINF.L vs. SMH — Risk / Return Rank
AINF.L
SMH
AINF.L vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares AI Infrastructure UCITS ETF USD Accumulating (AINF.L) and VanEck 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.
| AINF.L | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 1.88 | +0.25 |
Sortino ratioReturn per unit of downside risk | 2.75 | 2.49 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.77 | 4.56 | -0.79 |
Martin ratioReturn relative to average drawdown | 13.14 | 15.52 | -2.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AINF.L | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.88 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.77 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.74 | +0.23 |
Correlation
The correlation between AINF.L and SMH is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AINF.L vs. SMH - Dividend Comparison
AINF.L has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.29%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AINF.L iShares AI Infrastructure UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.29% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
AINF.L vs. SMH - Drawdown Comparison
The maximum AINF.L drawdown since its inception was -28.79%, smaller than the maximum SMH drawdown of -47.21%. Use the drawdown chart below to compare losses from any high point for AINF.L and SMH.
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Drawdown Indicators
| AINF.L | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.79% | -84.96% | +56.17% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -15.95% | +2.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -7.70% | -10.03% | +2.33% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -41.36% | +35.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 4.44% | -0.55% |
Volatility
AINF.L vs. SMH - Volatility Comparison
The current volatility for iShares AI Infrastructure UCITS ETF USD Accumulating (AINF.L) is 6.62%, while VanEck Semiconductor ETF (SMH) has a volatility of 9.69%. This indicates that AINF.L 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.
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Volatility by Period
| AINF.L | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 9.69% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 16.68% | 22.74% | -6.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.38% | 36.43% | -11.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.75% | 33.17% | -7.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.75% | 31.62% | -5.87% |