EELV vs. SMH
Compare and contrast key facts about Invesco S&P Emerging Markets Low Volatility ETF (EELV) and VanEck Vectors Semiconductor ETF (SMH).
EELV and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EELV is a passively managed fund by Invesco that tracks the performance of the S&P BMI Emerging Markets Low Volatility Index. It was launched on Jan 13, 2012. 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. Both EELV and SMH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EELV or SMH.
Key characteristics
| EELV | SMH | |
|---|---|---|
| YTD Return | 2.27% | 32.78% |
| 1Y Return | 8.03% | 80.39% |
| 3Y Return (Ann) | 5.19% | 27.97% |
| 5Y Return (Ann) | 5.08% | 37.70% |
| 10Y Return (Ann) | 2.12% | 29.74% |
| Sharpe Ratio | 0.77 | 2.98 |
| Daily Std Dev | 10.61% | 28.60% |
| Max Drawdown | -36.35% | -95.73% |
| Current Drawdown | 0.00% | -0.84% |
Correlation
The correlation between EELV and SMH is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EELV vs. SMH - Performance Comparison
In the year-to-date period, EELV achieves a 2.27% return, which is significantly lower than SMH's 32.78% return. Over the past 10 years, EELV has underperformed SMH with an annualized return of 2.12%, while SMH has yielded a comparatively higher 29.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EELV vs. SMH - Expense Ratio Comparison
EELV has a 0.30% expense ratio, which is lower than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
EELV vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Emerging Markets Low Volatility ETF (EELV) and VanEck Vectors 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.
Dividends
EELV vs. SMH - Dividend Comparison
EELV's dividend yield for the trailing twelve months is around 3.97%, more than SMH's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EELV Invesco S&P Emerging Markets Low Volatility ETF | 3.97% | 4.00% | 3.45% | 4.35% | 2.82% | 3.14% | 5.51% | 2.92% | 2.29% | 2.53% | 3.25% | 2.10% |
SMH VanEck Vectors Semiconductor ETF | 0.45% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
EELV vs. SMH - Drawdown Comparison
The maximum EELV drawdown since its inception was -36.35%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for EELV and SMH. For additional features, visit the drawdowns tool.
Volatility
EELV vs. SMH - Volatility Comparison
The current volatility for Invesco S&P Emerging Markets Low Volatility ETF (EELV) is 3.27%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 9.43%. This indicates that EELV 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.