CU71.L vs. SMGB.L
CU71.L (iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)) and SMGB.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - CU71.L is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index, while SMGB.L is a Semiconductors fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, CU71.L returned 1.47%/yr vs 38.39%/yr for SMGB.L. At a correlation of -0.14, they often move in opposite directions. CU71.L charges 0.07%/yr vs 0.35%/yr for SMGB.L.
Performance
CU71.L vs. SMGB.L - Performance Comparison
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Different Trading Currencies
CU71.L is traded in GBp, while SMGB.L is traded in GBP. To make them comparable, the SMGB.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CU71.L achieves a -0.14% return, which is significantly lower than SMGB.L's 85.49% return.
CU71.L
- 1D
- 0.25%
- 1M
- 0.93%
- YTD
- -0.14%
- 6M
- -0.64%
- 1Y
- 4.29%
- 3Y*
- 1.05%
- 5Y*
- 1.47%
- 10Y*
- 2.15%
SMGB.L
- 1D
- -2.49%
- 1M
- 23.49%
- YTD
- 85.49%
- 6M
- 84.69%
- 1Y
- 173.74%
- 3Y*
- 57.16%
- 5Y*
- 38.39%
- 10Y*
- —
CU71.L vs. SMGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CU71.L iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | -0.14% | -0.08% | 3.77% | -1.43% | 1.45% | -1.10% | -0.92% |
SMGB.L VanEck Semiconductor UCITS ETF | 85.49% | 38.79% | 26.31% | 66.17% | -27.49% | 44.41% | 2.28% |
Correlation
The correlation between CU71.L and SMGB.L is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | -0.14 |
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Return for Risk
CU71.L vs. SMGB.L — Risk / Return Rank
CU71.L
SMGB.L
CU71.L vs. SMGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) and VanEck Semiconductor UCITS ETF (SMGB.L). 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.
| CU71.L | SMGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.86 | ||
| Sortino ratioReturn per unit of downside risk | -4.60 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.74 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 14.46 | -13.61 |
| Martin ratioReturn relative to average drawdown | 2.09 | 50.72 | -48.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CU71.L | SMGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 5.58 | -4.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 1.26 | -1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.25 | -0.98 |
Drawdowns
CU71.L vs. SMGB.L - Drawdown Comparison
The maximum CU71.L drawdown since its inception was -20.50%, smaller than the maximum SMGB.L drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for CU71.L and SMGB.L.
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Drawdown Indicators
| CU71.L | SMGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.50% | -36.24% | +15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -11.94% | +6.92% |
Max Drawdown (3Y)Largest decline over 3 years | -7.33% | -36.24% | +28.91% |
Max Drawdown (5Y)Largest decline over 5 years | -15.69% | -36.24% | +20.55% |
Max Drawdown (10Y)Largest decline over 10 years | -20.50% | — | — |
Current DrawdownCurrent decline from peak | -13.12% | -2.49% | -10.63% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -9.75% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 3.41% | -1.36% |
Volatility
CU71.L vs. SMGB.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) is 1.45%, while VanEck Semiconductor UCITS ETF (SMGB.L) has a volatility of 12.41%. This indicates that CU71.L experiences smaller price fluctuations and is considered to be less risky than SMGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CU71.L | SMGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 12.41% | -10.96% |
Volatility (6M)Calculated over the trailing 6-month period | 4.33% | 23.93% | -19.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 30.96% | -25.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 30.45% | -22.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.55% | 30.19% | -20.64% |
CU71.L vs. SMGB.L - Expense Ratio Comparison
CU71.L has a 0.07% expense ratio, which is lower than SMGB.L's 0.35% expense ratio.
Dividends
CU71.L vs. SMGB.L - Dividend Comparison
Neither CU71.L nor SMGB.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CU71.L iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMGB.L VanEck Semiconductor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.44% |
Frequently Asked Questions
CU71.L and SMGB.L have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CU71.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CU71.L is cheaper with a 0.07% expense ratio, compared with 0.35% for SMGB.L.
CU71.L is categorized as Government Bonds, while SMGB.L is Semiconductors. CU71.L tracks ICE U.S. Treasury 3-7 Year Bond Index, while SMGB.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.07% for CU71.L and 0.35% for SMGB.L.
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