DURA vs. SMHX

Last updated Aug 2, 2026

DURA (VanEck Vectors Morningstar Durable Dividend ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both exchange-traded funds - DURA is a Large Cap Blend Equities fund tracking the Morningstar US Dividend Valuation Index, while SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. Both are passively managed. Over the past year, DURA returned 22.22% vs 64.03% for SMHX. Their 0.07 correlation means their historical movements had little consistent relationship. DURA charges 0.29%/yr vs 0.35%/yr for SMHX.

Performance

DURA vs. SMHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Morningstar Durable Dividend ETF (DURA) and VanEck Fabless Semiconductor ETF (SMHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DURA achieves a 15.95% return, which is significantly lower than SMHX's 44.20% return.

DURA

• 1D: -0.06%
• 1M: 2.73%
• 6M: 8.23%
• YTD: 15.95%
• 1Y: 22.22%
• 3Y*: 9.89%
• 5Y*: 7.63%
• 10Y*: —
• ALL TIME*: 9.24%

SMHX

• 1D: 1.69%
• 1M: -6.50%
• 6M: 40.29%
• YTD: 44.20%
• 1Y: 64.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 49.51%

*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)
DURA VanEck Vectors Morningstar Durable Dividend ETF	$68.16K	$85.30K	$69.37K
SMHX VanEck Fabless Semiconductor ETF	$4.68M	$6.01M	$8.35M

DURA vs. SMHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DURA VanEck Vectors Morningstar Durable Dividend ETF	15.95%	7.61%	-3.09%
SMHX VanEck Fabless Semiconductor ETF	44.20%	30.00%	15.56%

Correlation

The correlation between DURA and SMHX is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.06
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024	0.07

The correlation between DURA and SMHX shifts across timeframes, from -0.06 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

DURA vs. SMHX - Sectors Allocation Comparison

Sectors	DURA	SMHX
Consumer Defensive	22.3%	-
Healthcare	15.4%	-
Energy	14.5%	-
Financial Services	9.9%	-
Technology	8.9%	100.0%
Communication Services	8.4%	-
Utilities	6.9%	-
Consumer Cyclical	6.0%	-
Industrials	5.6%	-
Basic Materials	2.0%	-
Real Estate	-	-

Return for Risk

DURA vs. SMHX — Risk / Return Rank

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

DURA

DURA Risk / Return Rank: 72
DURA Sharpe Ratio Rank: 64
DURA Sortino Ratio Rank: 68
DURA Omega Ratio Rank: 79
DURA Calmar Ratio Rank: 73
DURA Martin Ratio Rank: 79

SMHX

SMHX Risk / Return Rank: 65
SMHX Sharpe Ratio Rank: 69
SMHX Sortino Ratio Rank: 61
SMHX Omega Ratio Rank: 61
SMHX Calmar Ratio Rank: 72
SMHX Martin Ratio Rank: 64

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.

DURA vs. SMHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Morningstar Durable Dividend ETF (DURA) and VanEck Fabless Semiconductor ETF (SMHX). 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.

	DURA	SMHX	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.55	-0.07
Sortino ratio: Return per unit of downside risk	2.22	2.04	+0.19
Omega ratio: Gain probability vs. loss probability	1.33	1.26	+0.07
Calmar ratio: Return relative to maximum drawdown	2.55	2.46	+0.09
Martin ratio: Return relative to average drawdown	10.15	7.67	+2.49

DURA vs. SMHX - Sharpe Ratio Comparison

The current DURA Sharpe Ratio is 1.48, which is comparable to the SMHX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of DURA and SMHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DURA vs. SMHX - Drawdown Comparison

The maximum DURA drawdown since its inception was -33.15%, smaller than the maximum SMHX drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for DURA and SMHX.

Drawdown Indicators

	DURA	SMHX	Difference
Max Drawdown Largest peak-to-trough decline	-33.15%	-38.53%	+5.38%
Max Drawdown (1Y) Largest decline over 1 year	-8.53%	-24.93%	+16.40%
Max Drawdown (3Y) Largest decline over 3 years	-14.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.80%	—	—
Current Drawdown Current decline from peak	-1.69%	-19.19%	+17.50%
Average Drawdown Average peak-to-trough decline	-3.88%	-7.72%	+3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	7.99%	-5.85%

Volatility

DURA vs. SMHX - Volatility Comparison

The current volatility for VanEck Vectors Morningstar Durable Dividend ETF (DURA) is 3.81%, while VanEck Fabless Semiconductor ETF (SMHX) has a volatility of 14.74%. This indicates that DURA experiences smaller price fluctuations and is considered to be less risky than SMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DURA	SMHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	14.74%	-10.93%
Volatility (6M) Calculated over the trailing 6-month period	8.15%	33.37%	-25.22%
Volatility (1Y) Calculated over the trailing 1-year period	14.83%	39.65%	-24.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.67%	42.00%	-28.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	42.00%	-25.11%

DURA vs. SMHX - Expense Ratio Comparison

DURA has a 0.29% expense ratio, which is lower than SMHX's 0.35% expense ratio.

Dividends

DURA vs. SMHX - Dividend Comparison

DURA's dividend yield for the trailing twelve months is around 3.13%, more than SMHX's 0.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DURA VanEck Vectors Morningstar Durable Dividend ETF	3.13%	3.59%	3.33%	3.58%	3.01%	2.89%	3.49%	3.83%	0.66%
SMHX VanEck Fabless Semiconductor ETF	0.02%	0.02%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DURA and SMHX in my portfolio?

DURA and SMHX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DURA or SMHX?

SMHX has higher volatility (14.74%) compared to DURA (3.81%). In terms of maximum drawdown, DURA dropped -33.15% vs SMHX's -38.53%.

Which ETF is better, DURA or SMHX?

On 1-year performance, SMHX leads with 64.03% vs 22.22% for DURA. On fees, DURA is cheaper at 0.29% per year. On volatility, DURA has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DURA or SMHX?

Over the 1-year period, SMHX has performed better with a 64.03% return vs 22.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DURA or SMHX?

DURA is cheaper with a 0.29% expense ratio, compared with 0.35% for SMHX.

Which ETF pays a higher dividend yield, DURA or SMHX?

DURA has the higher dividend yield at 3.13%, compared with 0.02% for SMHX.

What is the main difference between DURA and SMHX?

DURA is categorized as Large Cap Blend Equities, while SMHX is Semiconductors. DURA tracks Morningstar US Dividend Valuation Index, while SMHX tracks MarketVector™ US Listed Fabless Semiconductor Index. Their fees differ too: 0.29% for DURA and 0.35% for SMHX.

Which has better risk-adjusted returns?

SMHX currently has the higher Sharpe Ratio (1.55 vs 1.48), 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.