ARKI.L vs. SMH.L
ARKI.L (ARK Artificial Intelligence & Robotics UCITS ETF Class A USD Accumulation) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - ARKI.L is a Technology Equities fund actively managed by ARK, while SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. ARKI.L is actively managed, while SMH.L is passively managed. Over the past year, ARKI.L returned 20.46% vs 124.23% for SMH.L. A 0.68 correlation means they provide meaningful diversification when combined. ARKI.L charges 0.75%/yr vs 0.35%/yr for SMH.L.
Performance
ARKI.L vs. SMH.L - Performance Comparison
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Returns By Period
In the year-to-date period, ARKI.L achieves a 7.36% return, which is significantly lower than SMH.L's 76.50% return.
ARKI.L
- 1D
- 0.00%
- 1M
- -2.18%
- 6M
- 0.41%
- YTD
- 7.36%
- 1Y
- 20.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH.L
- 1D
- -3.48%
- 1M
- -8.87%
- 6M
- 62.90%
- YTD
- 76.50%
- 1Y
- 124.23%
- 3Y*
- 54.24%
- 5Y*
- 35.65%
- 10Y*
- —
ARKI.L vs. SMH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARKI.L ARK Artificial Intelligence & Robotics UCITS ETF Class A USD Accumulation | 7.36% | 38.42% | 59.31% |
SMH.L VanEck Semiconductor UCITS ETF | 76.50% | 49.20% | 13.08% |
Correlation
The correlation between ARKI.L and SMH.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024 | 0.68 |
The correlation between ARKI.L and SMH.L has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.
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Return for Risk
ARKI.L vs. SMH.L — Risk / Return Rank
ARKI.L
SMH.L
ARKI.L vs. SMH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Artificial Intelligence & Robotics UCITS ETF Class A USD Accumulation (ARKI.L) and VanEck Semiconductor UCITS ETF (SMH.L). 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.
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.
| ARKI.L | SMH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.47 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 8.88 | -8.03 |
| Martin ratioReturn relative to average drawdown | 2.09 | 27.77 | -25.68 |
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Drawdowns
ARKI.L vs. SMH.L - Drawdown Comparison
The maximum ARKI.L drawdown since its inception was -30.97%, smaller than the maximum SMH.L drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for ARKI.L and SMH.L.
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Drawdown Indicators
| ARKI.L | SMH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.97% | -45.38% | +14.41% |
Max Drawdown (1Y)Largest decline over 1 year | -24.05% | -13.91% | -10.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.38% | — |
Current DrawdownCurrent decline from peak | -7.64% | -11.91% | +4.27% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -11.12% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.76% | 4.46% | +5.30% |
Volatility
ARKI.L vs. SMH.L - Volatility Comparison
The current volatility for ARK Artificial Intelligence & Robotics UCITS ETF Class A USD Accumulation (ARKI.L) is 8.70%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 16.26%. This indicates that ARKI.L experiences smaller price fluctuations and is considered to be less risky than SMH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARKI.L | SMH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.70% | 16.26% | -7.56% |
Volatility (6M)Calculated over the trailing 6-month period | 22.01% | 30.80% | -8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.86% | 36.96% | -7.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.04% | 33.56% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.04% | 32.93% | -1.89% |
ARKI.L vs. SMH.L - Expense Ratio Comparison
ARKI.L has a 0.75% expense ratio, which is higher than SMH.L's 0.35% expense ratio.
Dividends
ARKI.L vs. SMH.L - Dividend Comparison
Neither ARKI.L nor SMH.L has paid dividends to shareholders.
Frequently Asked Questions
ARKI.L and SMH.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMH.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMH.L is cheaper with a 0.35% expense ratio, compared with 0.75% for ARKI.L.
ARKI.L is categorized as Technology Equities, while SMH.L is Semiconductors. They also come from different issuers: ARK and VanEck. Their fees differ too: 0.75% for ARKI.L and 0.35% for SMH.L.
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