FBL vs. SMH
Compare and contrast key facts about GraniteShares 2x Long META Daily ETF (FBL) and VanEck 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.
Performance
FBL vs. SMH - Performance Comparison
Loading graphics...
FBL vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | -27.59% | 0.50% | 112.72% | 341.59% | -1.22% |
SMH VanEck Semiconductor ETF | 8.84% | 49.17% | 39.10% | 73.38% | -9.86% |
Returns By Period
In the year-to-date period, FBL achieves a -27.59% return, which is significantly lower than SMH's 8.84% return.
FBL
- 1D
- 2.53%
- 1M
- -23.32%
- YTD
- -27.59%
- 6M
- -42.06%
- 1Y
- -23.67%
- 3Y*
- 44.94%
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- 2.24%
- 1M
- -3.55%
- YTD
- 8.84%
- 6M
- 17.83%
- 1Y
- 85.04%
- 3Y*
- 44.53%
- 5Y*
- 26.15%
- 10Y*
- 31.58%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FBL vs. SMH - Expense Ratio Comparison
FBL has a 1.15% expense ratio, which is higher than SMH's 0.35% expense ratio.
Return for Risk
FBL vs. SMH — Risk / Return Rank
FBL
SMH
FBL vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) 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.
| FBL | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.30 | 2.32 | -2.62 |
Sortino ratioReturn per unit of downside risk | 0.08 | 2.92 | -2.85 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.41 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | -0.35 | 5.39 | -5.74 |
Martin ratioReturn relative to average drawdown | -0.77 | 19.22 | -19.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FBL | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 2.32 | -2.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.98 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.28 | +0.84 |
Correlation
The correlation between FBL and SMH is 0.53, 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
FBL vs. SMH - Dividend Comparison
FBL's dividend yield for the trailing twelve months is around 2.86%, more than SMH's 0.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | 2.86% | 2.07% | 0.00% | 51.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
FBL vs. SMH - Drawdown Comparison
The maximum FBL drawdown since its inception was -61.15%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for FBL and SMH.
Loading graphics...
Drawdown Indicators
| FBL | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.15% | -84.96% | +23.81% |
Max Drawdown (1Y)Largest decline over 1 year | -61.03% | -15.95% | -45.08% |
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 | -53.07% | -8.02% | -45.05% |
Average DrawdownAverage peak-to-trough decline | -14.87% | -41.35% | +26.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.41% | 4.47% | +22.94% |
Volatility
FBL vs. SMH - Volatility Comparison
GraniteShares 2x Long META Daily ETF (FBL) has a higher volatility of 27.60% compared to VanEck Semiconductor ETF (SMH) at 11.74%. This indicates that FBL'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.
Loading graphics...
Volatility by Period
| FBL | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.60% | 11.74% | +15.86% |
Volatility (6M)Calculated over the trailing 6-month period | 54.08% | 24.02% | +30.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.50% | 36.88% | +42.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.82% | 34.68% | +36.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.82% | 32.29% | +38.53% |