ASMH vs. SMH
ASMH (ASML Holding NV ADR Hedged ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - ASMH is a Technology Equities fund tracking the ASML Holding NV Sponsored ADR, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Over the past year, ASMH returned 130.11% vs 157.20% for SMH. A 0.78 correlation means they provide meaningful diversification when combined. ASMH charges 0.19%/yr vs 0.35%/yr for SMH.
Performance
ASMH vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, ASMH achieves a 63.99% return, which is significantly lower than SMH's 77.13% return.
ASMH
- 1D
- 1.53%
- 1M
- 25.24%
- YTD
- 63.99%
- 6M
- 53.18%
- 1Y
- 130.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- 0.90%
- 1M
- 25.87%
- YTD
- 77.13%
- 6M
- 75.61%
- 1Y
- 157.20%
- 3Y*
- 64.17%
- 5Y*
- 39.21%
- 10Y*
- 37.68%
ASMH vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASMH ASML Holding NV ADR Hedged ETF | 63.99% | 58.84% |
SMH VanEck Semiconductor ETF | 77.13% | 81.61% |
Correlation
The correlation between ASMH and SMH is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2025 | 0.78 |
The correlation between ASMH and SMH has been stable across timeframes, ranging from 0.78 to 0.78 - a consistent structural relationship.
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Return for Risk
ASMH vs. SMH — Risk / Return Rank
ASMH
SMH
ASMH vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ASML Holding NV ADR Hedged ETF (ASMH) 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.
| ASMH | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.72 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 8.24 | 10.59 | -2.36 |
| Martin ratioReturn relative to average drawdown | 21.26 | 40.63 | -19.36 |
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
| ASMH | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.36 | 5.19 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.13 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.59 | 0.34 | +3.25 |
Drawdowns
ASMH vs. SMH - Drawdown Comparison
The maximum ASMH drawdown since its inception was -15.89%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for ASMH and SMH.
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Drawdown Indicators
| ASMH | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.89% | -84.96% | +69.07% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -14.93% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.74% | — |
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 | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -41.09% | +36.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 3.89% | +2.25% |
Volatility
ASMH vs. SMH - Volatility Comparison
ASML Holding NV ADR Hedged ETF (ASMH) has a higher volatility of 13.84% compared to VanEck Semiconductor ETF (SMH) at 11.47%. This indicates that ASMH's price experiences larger fluctuations and is considered to be riskier 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
| ASMH | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.84% | 11.47% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 30.43% | 24.29% | +6.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.94% | 30.56% | +8.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.32% | 35.01% | +3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.32% | 32.57% | +5.75% |
ASMH vs. SMH - Expense Ratio Comparison
ASMH has a 0.19% expense ratio, which is lower than SMH's 0.35% expense ratio.
Dividends
ASMH vs. SMH - Dividend Comparison
ASMH's dividend yield for the trailing twelve months is around 0.99%, more than SMH's 0.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASMH ASML Holding NV ADR Hedged ETF | 0.99% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.17% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Frequently Asked Questions
ASMH and SMH have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASMH has higher volatility (13.84%) compared to SMH (11.47%). In terms of maximum drawdown, ASMH dropped -15.89% vs SMH's -84.96%.
On 1-year performance, SMH leads with 157.20% vs 130.11% for ASMH. On fees, ASMH is cheaper at 0.19% per year. On volatility, SMH has been the lower-risk option at 11.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SMH has performed better with a 157.20% return vs 130.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ASMH is cheaper with a 0.19% expense ratio, compared with 0.35% for SMH.
ASMH has the higher dividend yield at 0.99%, compared with 0.17% for SMH.
ASMH is categorized as Technology Equities, while SMH is Semiconductors. ASMH tracks ASML Holding NV Sponsored ADR, while SMH tracks MVIS US Listed Semiconductor 25 Index. They also come from different issuers: Precidian Funds and VanEck. Their fees differ too: 0.19% for ASMH and 0.35% for SMH.
SMH currently has the higher Sharpe Ratio (5.19 vs 3.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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