BBH vs. SMH
Compare and contrast key facts about VanEck Vectors Biotech ETF (BBH) and VanEck Vectors Semiconductor ETF (SMH).
BBH and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Biotech 25 Index. It was launched on Dec 20, 2011. 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. Both BBH and SMH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBH or SMH.
Performance
BBH vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, BBH achieves a -1.79% return, which is significantly lower than SMH's 40.73% return. Over the past 10 years, BBH has underperformed SMH with an annualized return of 3.75%, while SMH has yielded a comparatively higher 28.10% annualized return.
BBH
-1.79%
-7.32%
-3.36%
8.12%
3.75%
3.75%
SMH
40.73%
-2.22%
2.62%
52.72%
33.43%
28.10%
Key characteristics
| BBH | SMH | |
|---|---|---|
| Sharpe Ratio | 0.52 | 1.52 |
| Sortino Ratio | 0.82 | 2.03 |
| Omega Ratio | 1.10 | 1.27 |
| Calmar Ratio | 0.27 | 2.11 |
| Martin Ratio | 2.10 | 5.65 |
| Ulcer Index | 4.15% | 9.27% |
| Daily Std Dev | 16.88% | 34.43% |
| Max Drawdown | -72.69% | -95.73% |
| Current Drawdown | -25.64% | -12.50% |
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BBH vs. SMH - Expense Ratio Comparison
Both BBH and SMH have an expense ratio of 0.35%.
Correlation
The correlation between BBH and SMH is 0.48, 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.
Risk-Adjusted Performance
BBH vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Biotech ETF (BBH) 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
BBH vs. SMH - Dividend Comparison
BBH's dividend yield for the trailing twelve months is around 0.44%, more than SMH's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBH VanEck Vectors Biotech ETF | 0.44% | 0.43% | 0.47% | 0.21% | 0.36% | 0.34% | 0.50% | 0.55% | 0.30% | 0.27% | 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
BBH vs. SMH - Drawdown Comparison
The maximum BBH drawdown since its inception was -72.69%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for BBH and SMH. For additional features, visit the drawdowns tool.
Volatility
BBH vs. SMH - Volatility Comparison
The current volatility for VanEck Vectors Biotech ETF (BBH) is 6.84%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 8.43%. This indicates that BBH 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.