CLOI vs. SMH
Compare and contrast key facts about VanEck CLO ETF (CLOI) and VanEck Vectors Semiconductor ETF (SMH).
CLOI and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOI is an actively managed fund by VanEck. It was launched on Jun 21, 2022. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOI or SMH.
Performance
CLOI vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, CLOI achieves a 7.52% return, which is significantly lower than SMH's 40.73% return.
CLOI
7.52%
0.62%
3.56%
8.23%
N/A
N/A
SMH
40.73%
-2.22%
2.62%
52.72%
33.43%
28.10%
Key characteristics
| CLOI | SMH | |
|---|---|---|
| Sharpe Ratio | 5.57 | 1.52 |
| Sortino Ratio | 9.35 | 2.03 |
| Omega Ratio | 2.63 | 1.27 |
| Calmar Ratio | 18.71 | 2.11 |
| Martin Ratio | 99.03 | 5.65 |
| Ulcer Index | 0.08% | 9.27% |
| Daily Std Dev | 1.46% | 34.43% |
| Max Drawdown | -2.70% | -95.73% |
| Current Drawdown | -0.04% | -12.50% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CLOI vs. SMH - Expense Ratio Comparison
CLOI has a 0.40% expense ratio, which is higher than SMH's 0.35% expense ratio.
Correlation
The correlation between CLOI and SMH is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
CLOI vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CLO ETF (CLOI) 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
CLOI vs. SMH - Dividend Comparison
CLOI's dividend yield for the trailing twelve months is around 6.38%, more than SMH's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLOI VanEck CLO ETF | 6.38% | 5.62% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
CLOI vs. SMH - Drawdown Comparison
The maximum CLOI drawdown since its inception was -2.70%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for CLOI and SMH. For additional features, visit the drawdowns tool.
Volatility
CLOI vs. SMH - Volatility Comparison
The current volatility for VanEck CLO ETF (CLOI) is 0.26%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 8.43%. This indicates that CLOI 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.