FBL vs. SMH
Compare and contrast key facts about GraniteShares 2x Long META Daily ETF (FBL) and VanEck Vectors Semiconductor ETF (SMH).
FBL and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBL is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBL or SMH.
Key characteristics
| FBL | SMH | |
|---|---|---|
| YTD Return | 85.59% | 33.65% |
| 1Y Return | 127.10% | 59.63% |
| Sharpe Ratio | 1.82 | 1.78 |
| Daily Std Dev | 70.98% | 33.74% |
| Max Drawdown | -35.25% | -95.73% |
| Current Drawdown | -6.43% | -16.91% |
Correlation
The correlation between FBL 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
FBL vs. SMH - Performance Comparison
In the year-to-date period, FBL achieves a 85.59% return, which is significantly higher than SMH's 33.65% 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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FBL vs. SMH - Expense Ratio Comparison
FBL has a 1.15% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
FBL vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) 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
FBL vs. SMH - Dividend Comparison
FBL's dividend yield for the trailing twelve months is around 27.79%, more than SMH's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | 27.79% | 51.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FBL vs. SMH - Drawdown Comparison
The maximum FBL drawdown since its inception was -35.25%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for FBL and SMH. For additional features, visit the drawdowns tool.
Volatility
FBL vs. SMH - Volatility Comparison
GraniteShares 2x Long META Daily ETF (FBL) and VanEck Vectors Semiconductor ETF (SMH) have volatilities of 12.10% and 12.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.