CQTM vs. SMH

Last updated Aug 1, 2026

CQTM (Corgi Quantum Computing ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - CQTM is a Technology Equities fund actively managed by Corgi, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. CQTM is actively managed, while SMH is passively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.

Performance

CQTM vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Corgi Quantum Computing ETF (CQTM) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CQTM

• 1D: 0.00%
• 1M: -21.42%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SMH

• 1D: 0.30%
• 1M: -8.74%
• 6M: 33.97%
• YTD: 50.09%
• 1Y: 90.95%
• 3Y*: 50.56%
• 5Y*: 33.46%
• 10Y*: 34.16%
• ALL TIME*: 11.06%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CQTM Corgi Quantum Computing ETF	$458.63K	$611.14K	$1.18M
SMH VanEck Semiconductor ETF	$8.28B	$7.64B	$7.07B

CQTM vs. SMH - Yearly Performance Comparison

	2026 (YTD)
CQTM Corgi Quantum Computing ETF	-15.53%
SMH VanEck Semiconductor ETF	3.41%

Correlation

The correlation between CQTM and SMH is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 6, 2026	0.65

CQTM vs. SMH - Sectors Allocation Comparison

Sectors	CQTM	SMH
Technology	92.0%	100.0%
Industrials	4.5%	-
Communication Services	3.5%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CQTM vs. SMH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CQTM

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

SMH

SMH Risk / Return Rank: 87
SMH Sharpe Ratio Rank: 91
SMH Sortino Ratio Rank: 83
SMH Omega Ratio Rank: 84
SMH Calmar Ratio Rank: 88
SMH Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CQTM vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Corgi Quantum Computing ETF (CQTM) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CQTM	SMH	Difference
Sharpe ratio: Return per unit of total volatility	—	2.29	—
Sortino ratio: Return per unit of downside risk	—	2.70	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	3.58	—
Martin ratio: Return relative to average drawdown	—	14.64	—

Drawdowns

CQTM vs. SMH - Drawdown Comparison

The maximum CQTM drawdown since its inception was -38.42%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for CQTM and SMH.

Drawdown Indicators

	CQTM	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-38.42%	-84.96%	+46.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.62%	—
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	-32.68%	-19.19%	-13.49%
Average Drawdown Average peak-to-trough decline	-14.71%	-40.89%	+26.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.01%	—

Volatility

Volatility by Period

	CQTM	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	82.58%	38.57%	+44.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.58%	36.50%	+46.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.58%	33.32%	+49.26%

CQTM vs. SMH - Expense Ratio Comparison

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

Dividends

CQTM vs. SMH - Dividend Comparison

CQTM has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CQTM Corgi Quantum Computing ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SMH VanEck Semiconductor ETF	0.20%	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 CQTM and SMH in my portfolio?

CQTM and SMH have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CQTM or SMH?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CQTM or SMH?

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

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

SMH has the higher dividend yield at 0.20%, compared with 0.00% for CQTM.

What is the main difference between CQTM and SMH?

CQTM is categorized as Technology Equities, while SMH is Semiconductors. They also come from different issuers: Corgi and VanEck.