BOTT vs. SMH

Last updated Jun 4, 2026

BOTT (Themes Humanoid Robotics ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - BOTT is a Robotics fund tracking the Solactive Global Humanoid Robotics Index, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Over the past year, BOTT returned 84.77% vs 157.20% for SMH. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

BOTT vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Humanoid Robotics ETF (BOTT) 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, BOTT achieves a 25.46% return, which is significantly lower than SMH's 77.13% return.

BOTT

• 1D: -2.12%
• 1M: 2.80%
• YTD: 25.46%
• 6M: 37.71%
• 1Y: 84.77%
• 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%

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

BOTT vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BOTT Themes Humanoid Robotics ETF	25.46%	55.56%	10.74%
SMH VanEck Semiconductor ETF	77.13%	49.17%	19.81%

Correlation

The correlation between BOTT and SMH is 0.61, 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	0.61
Correlation (All Time) Calculated using the full available price history since Apr 23, 2024	0.71

The correlation between BOTT and SMH has been stable across timeframes, ranging from 0.61 to 0.71 - a consistent structural relationship.

BOTT vs. SMH - Sectors Allocation Comparison

Sectors	BOTT	SMH
Industrials	41.2%	-
Technology	17.9%	100.0%
Consumer Cyclical	12.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-
Financial Services	-0.0%	-

Return for Risk

BOTT vs. SMH — Risk / Return Rank

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

BOTT

BOTT Risk / Return Rank: 58
BOTT Sharpe Ratio Rank: 68
BOTT Sortino Ratio Rank: 62
BOTT Omega Ratio Rank: 58
BOTT Calmar Ratio Rank: 55
BOTT Martin Ratio Rank: 45

SMH

SMH Risk / Return Rank: 96
SMH Sharpe Ratio Rank: 98
SMH Sortino Ratio Rank: 95
SMH Omega Ratio Rank: 95
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.

BOTT vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Humanoid Robotics ETF (BOTT) 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.

	BOTT	SMH	Difference
Sharpe ratio Return per unit of total volatility	2.30	5.19	-2.88
Sortino ratio Return per unit of downside risk	2.95	5.22	-2.27
Omega ratio Gain probability vs. loss probability	1.36	1.72	-0.36
Calmar ratio Return relative to maximum drawdown	2.77	10.59	-7.82
Martin ratio Return relative to average drawdown	7.46	40.63	-33.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BOTT vs. SMH - Sharpe Ratio Comparison

The current BOTT Sharpe Ratio is 2.30, which is lower than the SMH Sharpe Ratio of 5.19. The chart below compares the historical Sharpe Ratios of BOTT and SMH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BOTT	SMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	5.19	-2.88
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	1.33	0.34	+0.99

Drawdowns

BOTT vs. SMH - Drawdown Comparison

The maximum BOTT drawdown since its inception was -30.74%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for BOTT and SMH.

Drawdown Indicators

	BOTT	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-30.74%	-84.96%	+54.22%
Max Drawdown (1Y) Largest decline over 1 year	-30.74%	-14.93%	-15.81%
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	-16.03%	0.00%	-16.03%
Average Drawdown Average peak-to-trough decline	-6.76%	-41.09%	+34.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.40%	3.89%	+7.51%

Volatility

BOTT vs. SMH - Volatility Comparison

Themes Humanoid Robotics ETF (BOTT) and VanEck Semiconductor ETF (SMH) have volatilities of 11.00% and 11.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOTT	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.00%	11.47%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	31.00%	24.29%	+6.71%
Volatility (1Y) Calculated over the trailing 1-year period	37.02%	30.56%	+6.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.32%	35.01%	-1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.32%	32.57%	+0.75%

BOTT vs. SMH - Expense Ratio Comparison

Both BOTT and SMH have an expense ratio of 0.35%.

Dividends

BOTT vs. SMH - Dividend Comparison

BOTT's dividend yield for the trailing twelve months is around 0.11%, less than SMH's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOTT Themes Humanoid Robotics ETF	0.11%	0.14%	1.74%	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

Can I hold both BOTT and SMH in my portfolio?

BOTT and SMH have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOTT or SMH?

SMH has higher volatility (11.47%) compared to BOTT (11.00%). In terms of maximum drawdown, BOTT dropped -30.74% vs SMH's -84.96%.

Which ETF is better, BOTT or SMH?

On 1-year performance, SMH leads with 157.20% vs 84.77% for BOTT. Both ETFs have the same 0.35% expense ratio. On volatility, BOTT has been the lower-risk option at 11.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOTT or SMH?

Over the 1-year period, SMH has performed better with a 157.20% return vs 84.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOTT or SMH?

BOTT and SMH have the same expense ratio: 0.35% per year.

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

SMH has the higher dividend yield at 0.17%, compared with 0.11% for BOTT.

What is the main difference between BOTT and SMH?

BOTT is categorized as Robotics, while SMH is Semiconductors. BOTT tracks Solactive Global Humanoid Robotics Index, while SMH tracks MVIS US Listed Semiconductor 25 Index. They also come from different issuers: Themes and VanEck.

Which has better risk-adjusted returns?

SMH currently has the higher Sharpe Ratio (5.19 vs 2.30), 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.