EMET vs. SMHX

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Copper and Green Metals ETF (EMET) and VanEck Fabless Semiconductor ETF (SMHX).

EMET and SMHX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMET is a passively managed fund by VanEck that tracks the performance of the MVIS Global Clean-Tech Metals Index. It was launched on Nov 9, 2021. SMHX is a passively managed fund by VanEck that tracks the performance of the MarketVector™ US Listed Fabless Semiconductor Index. It was launched on Aug 27, 2024. Both EMET and SMHX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EMET vs. SMHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Copper and Green Metals ETF (EMET) and VanEck Fabless Semiconductor ETF (SMHX). The values are adjusted to include any dividend payments, if applicable.

EMET vs. SMHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EMET VanEck Copper and Green Metals ETF	11.18%	81.22%	-7.55%
SMHX VanEck Fabless Semiconductor ETF	-0.32%	30.00%	17.76%

Returns By Period

In the year-to-date period, EMET achieves a 11.18% return, which is significantly higher than SMHX's -0.32% return.

EMET

• 1D: 2.40%
• 1M: -13.41%
• YTD: 11.18%
• 6M: 31.79%
• 1Y: 100.94%
• 3Y*: 15.44%
• 5Y*: —
• 10Y*: —

SMHX

• 1D: 1.86%
• 1M: -2.70%
• YTD: -0.32%
• 6M: -1.36%
• 1Y: 60.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMET vs. SMHX - Expense Ratio Comparison

EMET has a 0.61% expense ratio, which is higher than SMHX's 0.35% expense ratio.

EMET

VanEck Copper and Green Metals ETF

SMHX

VanEck Fabless Semiconductor ETF

Return for Risk

EMET vs. SMHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMET

EMET Risk / Return Rank: 94
EMET Sharpe Ratio Rank: 96
EMET Sortino Ratio Rank: 94
EMET Omega Ratio Rank: 93
EMET Calmar Ratio Rank: 93
EMET Martin Ratio Rank: 93

SMHX

SMHX Risk / Return Rank: 83
SMHX Sharpe Ratio Rank: 80
SMHX Sortino Ratio Rank: 82
SMHX Omega Ratio Rank: 77
SMHX Calmar Ratio Rank: 93
SMHX Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMET vs. SMHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Copper and Green Metals ETF (EMET) 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.

	EMET	SMHX	Difference
Sharpe ratio Return per unit of total volatility	2.68	1.55	+1.13
Sortino ratio Return per unit of downside risk	3.03	2.19	+0.84
Omega ratio Gain probability vs. loss probability	1.44	1.30	+0.14
Calmar ratio Return relative to maximum drawdown	3.94	3.56	+0.38
Martin ratio Return relative to average drawdown	15.07	9.59	+5.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMET vs. SMHX - Sharpe Ratio Comparison

The current EMET Sharpe Ratio is 2.68, which is higher than the SMHX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of EMET and SMHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMET	SMHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	1.55	+1.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.77	-0.60

Correlation

The correlation between EMET and SMHX is 0.45, 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.

Dividends

EMET vs. SMHX - Dividend Comparison

EMET's dividend yield for the trailing twelve months is around 1.66%, more than SMHX's 0.02% yield.

	TTM	2025	2024	2023	2022
EMET VanEck Copper and Green Metals ETF	1.66%	1.84%	1.89%	2.02%	2.56%
SMHX VanEck Fabless Semiconductor ETF	0.02%	0.02%	0.04%	0.00%	0.00%

Drawdowns

EMET vs. SMHX - Drawdown Comparison

The maximum EMET drawdown since its inception was -53.05%, which is greater than SMHX's maximum drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for EMET and SMHX.

Drawdown Indicators

	EMET	SMHX	Difference
Max Drawdown Largest peak-to-trough decline	-53.05%	-38.53%	-14.52%
Max Drawdown (1Y) Largest decline over 1 year	-25.58%	-17.51%	-8.07%
Current Drawdown Current decline from peak	-15.74%	-10.19%	-5.55%
Average Drawdown Average peak-to-trough decline	-25.44%	-7.94%	-17.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.69%	6.50%	+0.19%

Volatility

EMET vs. SMHX - Volatility Comparison

VanEck Copper and Green Metals ETF (EMET) has a higher volatility of 14.72% compared to VanEck Fabless Semiconductor ETF (SMHX) at 11.28%. This indicates that EMET's price experiences larger fluctuations and is considered to be riskier than SMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMET	SMHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.72%	11.28%	+3.44%
Volatility (6M) Calculated over the trailing 6-month period	29.86%	24.45%	+5.41%
Volatility (1Y) Calculated over the trailing 1-year period	37.91%	39.40%	-1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.69%	39.80%	-7.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.69%	39.80%	-7.11%