AVGW vs. SMH

Last updated Jun 5, 2026

AVGW (Roundhill AVGO WeeklyPay™ ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - AVGW is a Derivative Income fund actively managed by Roundhill, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. AVGW is actively managed, while SMH is passively managed. A 0.67 correlation means they provide meaningful diversification when combined. AVGW charges 0.99%/yr vs 0.35%/yr for SMH.

Performance

AVGW vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AVGO WeeklyPay™ ETF (AVGW) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGW achieves a 22.93% return, which is significantly lower than SMH's 74.25% return.

AVGW

• 1D: -14.53%
• 1M: -2.93%
• YTD: 22.93%
• 6M: 9.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMH

• 1D: -1.63%
• 1M: 20.06%
• YTD: 74.25%
• 6M: 74.08%
• 1Y: 150.04%
• 3Y*: 63.96%
• 5Y*: 38.76%
• 10Y*: 37.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVGW vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	22.93%	20.91%
SMH VanEck Semiconductor ETF	74.25%	25.52%

Correlation

The correlation between AVGW and SMH is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.67

AVGW vs. SMH - Sectors Allocation Comparison

Sectors	AVGW	SMH
Technology	33.2%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AVGW vs. SMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMH

SMH Risk / Return Rank: 96
SMH Sharpe Ratio Rank: 97
SMH Sortino Ratio Rank: 95
SMH Omega Ratio Rank: 94
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVGW vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AVGO WeeklyPay™ ETF (AVGW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AVGW	SMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.94	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.34	+0.71

Drawdowns

AVGW vs. SMH - Drawdown Comparison

The maximum AVGW drawdown since its inception was -34.65%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for AVGW and SMH.

Drawdown Indicators

	AVGW	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-34.65%	-84.96%	+50.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.93%	—
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 Drawdown Current decline from peak	-15.71%	-1.63%	-14.08%
Average Drawdown Average peak-to-trough decline	-12.21%	-41.08%	+28.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.89%	—

Volatility

Volatility by Period

	AVGW	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	55.87%	30.57%	+25.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.87%	35.01%	+20.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.87%	32.57%	+23.30%

AVGW vs. SMH - Expense Ratio Comparison

AVGW has a 0.99% expense ratio, which is higher than SMH's 0.35% expense ratio.

Dividends

AVGW vs. SMH - Dividend Comparison

AVGW's dividend yield for the trailing twelve months is around 52.01%, more than SMH's 0.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVGW Roundhill AVGO WeeklyPay™ ETF	52.01%	31.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SMH VanEck Semiconductor ETF	0.18%	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

Can I hold both AVGW and SMH in my portfolio?

AVGW and SMH have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVGW or SMH?

On fees, SMH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVGW or SMH?

SMH is cheaper with a 0.35% expense ratio, compared with 0.99% for AVGW.

Which ETF pays a higher dividend yield, AVGW or SMH?

AVGW has the higher dividend yield at 52.01%, compared with 0.18% for SMH.

What is the main difference between AVGW and SMH?

AVGW is categorized as Derivative Income, while SMH is Semiconductors. They also come from different issuers: Roundhill and VanEck. Their fees differ too: 0.99% for AVGW and 0.35% for SMH.