DXYZ vs. SMH
DXYZ (Destiny Tech100 Inc) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past year, DXYZ returned -28.04% vs 136.32% for SMH. At a 0.38 correlation, their price movements are largely independent.
Performance
DXYZ vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, DXYZ achieves a -5.42% return, which is significantly lower than SMH's 72.15% return.
DXYZ
- 1D
- -25.14%
- 1M
- -44.50%
- YTD
- -5.42%
- 6M
- -23.68%
- 1Y
- -28.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- 1.72%
- 1M
- 8.30%
- YTD
- 72.15%
- 6M
- 75.62%
- 1Y
- 136.32%
- 3Y*
- 60.05%
- 5Y*
- 38.42%
- 10Y*
- 37.49%
DXYZ vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXYZ Destiny Tech100 Inc | -5.42% | -47.96% | 613.45% |
SMH VanEck Semiconductor ETF | 72.15% | 49.17% | 7.12% |
Correlation
The correlation between DXYZ and SMH is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2024 | 0.38 |
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Return for Risk
DXYZ vs. SMH — Risk / Return Rank
DXYZ
SMH
DXYZ vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Destiny Tech100 Inc (DXYZ) 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.
| DXYZ | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.99 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.60 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 9.18 | -9.66 |
| Martin ratioReturn relative to average drawdown | -0.93 | 33.74 | -34.67 |
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Drawdowns
DXYZ vs. SMH - Drawdown Comparison
The maximum DXYZ drawdown since its inception was -90.35%, which is greater than SMH's maximum drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for DXYZ and SMH.
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Drawdown Indicators
| DXYZ | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.35% | -84.96% | -5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -59.33% | -14.93% | -44.40% |
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 DrawdownCurrent decline from peak | -70.97% | -2.81% | -68.16% |
Average DrawdownAverage peak-to-trough decline | -68.37% | -41.04% | -27.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.12% | 4.06% | +26.06% |
Volatility
DXYZ vs. SMH - Volatility Comparison
Destiny Tech100 Inc (DXYZ) has a higher volatility of 52.18% compared to VanEck Semiconductor ETF (SMH) at 16.25%. This indicates that DXYZ's price experiences larger fluctuations and is considered to be riskier 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
| DXYZ | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 52.18% | 16.25% | +35.93% |
Volatility (6M)Calculated over the trailing 6-month period | 85.74% | 27.73% | +58.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.63% | 33.20% | +68.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 165.45% | 35.47% | +129.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 165.45% | 32.82% | +132.63% |
Dividends
DXYZ vs. SMH - Dividend Comparison
DXYZ has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXYZ Destiny Tech100 Inc | 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 | 0.18% | 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
DXYZ and SMH have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXYZ has higher volatility (52.18%) compared to SMH (16.25%). In terms of maximum drawdown, DXYZ dropped -90.35% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (4.13 vs -0.28), 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.
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