SMH vs. FYX
Compare and contrast key facts about VanEck Vectors Semiconductor ETF (SMH) and First Trust Small Cap Core AlphaDEX Fund (FYX).
SMH and FYX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FYX is a passively managed fund by First Trust that tracks the performance of the Nasdaq AlphaDEX Small Cap Core Index. It was launched on May 8, 2007. Both SMH and FYX 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: SMH or FYX.
Performance
SMH vs. FYX - Performance Comparison
Returns By Period
In the year-to-date period, SMH achieves a 39.89% return, which is significantly higher than FYX's 20.11% return. Over the past 10 years, SMH has outperformed FYX with an annualized return of 28.03%, while FYX has yielded a comparatively lower 9.57% annualized return.
SMH
39.89%
-1.76%
0.15%
51.80%
33.24%
28.03%
FYX
20.11%
10.60%
19.19%
35.11%
13.19%
9.57%
Key characteristics
| SMH | FYX | |
|---|---|---|
| Sharpe Ratio | 1.50 | 1.70 |
| Sortino Ratio | 2.01 | 2.50 |
| Omega Ratio | 1.26 | 1.30 |
| Calmar Ratio | 2.09 | 2.05 |
| Martin Ratio | 5.56 | 9.63 |
| Ulcer Index | 9.31% | 3.64% |
| Daily Std Dev | 34.44% | 20.62% |
| Max Drawdown | -95.73% | -61.80% |
| Current Drawdown | -13.03% | -0.27% |
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SMH vs. FYX - Expense Ratio Comparison
SMH has a 0.35% expense ratio, which is lower than FYX's 0.63% expense ratio.
Correlation
The correlation between SMH and FYX is 0.63, 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.
Risk-Adjusted Performance
SMH vs. FYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Semiconductor ETF (SMH) and First Trust Small Cap Core AlphaDEX Fund (FYX). 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
SMH vs. FYX - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.43%, less than FYX's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Vectors Semiconductor ETF | 0.43% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
FYX First Trust Small Cap Core AlphaDEX Fund | 1.31% | 1.22% | 0.95% | 0.99% | 0.64% | 1.12% | 1.08% | 0.60% | 0.94% | 0.88% | 0.58% | 0.35% |
Drawdowns
SMH vs. FYX - Drawdown Comparison
The maximum SMH drawdown since its inception was -95.73%, which is greater than FYX's maximum drawdown of -61.80%. Use the drawdown chart below to compare losses from any high point for SMH and FYX. For additional features, visit the drawdowns tool.
Volatility
SMH vs. FYX - Volatility Comparison
VanEck Vectors Semiconductor ETF (SMH) and First Trust Small Cap Core AlphaDEX Fund (FYX) have volatilities of 8.43% and 8.05%, 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.