DTGRX vs. SMH
Compare and contrast key facts about BNY Mellon Technology Growth Fund (DTGRX) and VanEck Semiconductor ETF (SMH).
DTGRX is managed by BNY Mellon. It was launched on Oct 12, 1997. 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.
Performance
DTGRX vs. SMH - Performance Comparison
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DTGRX vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DTGRX BNY Mellon Technology Growth Fund | -7.70% | 27.20% | 30.78% | 59.98% | -46.44% | 12.62% | 69.80% | 52.82% | -1.47% | 42.50% |
SMH VanEck Semiconductor ETF | 8.84% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
In the year-to-date period, DTGRX achieves a -7.70% return, which is significantly lower than SMH's 8.84% return. Over the past 10 years, DTGRX has underperformed SMH with an annualized return of 18.88%, while SMH has yielded a comparatively higher 31.58% annualized return.
DTGRX
- 1D
- 4.35%
- 1M
- -6.78%
- YTD
- -7.70%
- 6M
- -6.42%
- 1Y
- 28.49%
- 3Y*
- 26.75%
- 5Y*
- 7.49%
- 10Y*
- 18.88%
SMH
- 1D
- 2.24%
- 1M
- -3.55%
- YTD
- 8.84%
- 6M
- 17.83%
- 1Y
- 85.04%
- 3Y*
- 44.53%
- 5Y*
- 26.15%
- 10Y*
- 31.58%
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DTGRX vs. SMH - Expense Ratio Comparison
DTGRX has a 1.16% expense ratio, which is higher than SMH's 0.35% expense ratio.
Return for Risk
DTGRX vs. SMH — Risk / Return Rank
DTGRX
SMH
DTGRX vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Technology Growth Fund (DTGRX) 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.
| DTGRX | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 2.32 | -1.22 |
Sortino ratioReturn per unit of downside risk | 1.65 | 2.92 | -1.28 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.41 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 5.39 | -3.71 |
Martin ratioReturn relative to average drawdown | 5.91 | 19.22 | -13.31 |
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
| DTGRX | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 2.32 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.76 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.98 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.28 | +0.12 |
Correlation
The correlation between DTGRX and SMH is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DTGRX vs. SMH - Dividend Comparison
DTGRX's dividend yield for the trailing twelve months is around 13.05%, more than SMH's 0.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTGRX BNY Mellon Technology Growth Fund | 13.05% | 12.04% | 8.98% | 0.00% | 0.00% | 21.32% | 5.76% | 34.25% | 30.17% | 9.91% | 10.19% | 6.52% |
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
DTGRX vs. SMH - Drawdown Comparison
The maximum DTGRX drawdown since its inception was -83.23%, roughly equal to the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for DTGRX and SMH.
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Drawdown Indicators
| DTGRX | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.23% | -84.96% | +1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -17.27% | -15.95% | -1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -52.92% | -45.30% | -7.62% |
Max Drawdown (10Y)Largest decline over 10 years | -52.92% | -45.30% | -7.62% |
Current DrawdownCurrent decline from peak | -13.67% | -8.02% | -5.65% |
Average DrawdownAverage peak-to-trough decline | -38.97% | -41.35% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 4.47% | +0.44% |
Volatility
DTGRX vs. SMH - Volatility Comparison
The current volatility for BNY Mellon Technology Growth Fund (DTGRX) is 8.59%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.74%. This indicates that DTGRX 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.
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Volatility by Period
| DTGRX | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 11.74% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 17.13% | 24.02% | -6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.35% | 36.88% | -9.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.58% | 34.68% | -6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 32.29% | -4.45% |