GENZ vs. SMHX

Last updated Aug 2, 2026

GENZ (VanEck Digital Native Economy ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both exchange-traded funds - GENZ is a Technology Equities fund tracking the MarketVector Digital Native Economy Index, while SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. Both are passively managed. Over the past year, GENZ returned -13.86% vs 64.03% for SMHX. Their 0.28 correlation means their historical movements had little consistent relationship. GENZ charges 0.50%/yr vs 0.35%/yr for SMHX.

Performance

GENZ vs. SMHX - Performance Comparison

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

Returns By Period

In the year-to-date period, GENZ achieves a -8.92% return, which is significantly lower than SMHX's 44.20% return.

GENZ

• 1D: -3.10%
• 1M: -2.17%
• 6M: 0.24%
• YTD: -8.92%
• 1Y: -13.86%
• 3Y*: -4.53%
• 5Y*: -3.36%
• 10Y*: 3.13%
• ALL TIME*: 1.85%

SMHX

• 1D: 1.69%
• 1M: -6.50%
• 6M: 40.29%
• YTD: 44.20%
• 1Y: 64.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 49.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GENZ VanEck Digital Native Economy ETF	$64.71K	$66.66K	$80.30K
SMHX VanEck Fabless Semiconductor ETF	$4.68M	$6.01M	$8.35M

GENZ vs. SMHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GENZ VanEck Digital Native Economy ETF	-8.92%	4.15%	1.24%
SMHX VanEck Fabless Semiconductor ETF	44.20%	30.00%	15.56%

Correlation

The correlation between GENZ and SMHX is 0.16, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.16
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024	0.28

The correlation between GENZ and SMHX shifts across timeframes, from 0.16 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

GENZ vs. SMHX - Sectors Allocation Comparison

Sectors	GENZ	SMHX
Communication Services	30.9%	-
Financial Services	28.0%	-
Technology	20.7%	100.0%
Consumer Cyclical	19.7%	-
Industrials	0.8%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

GENZ vs. SMHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GENZ

GENZ Risk / Return Rank: 4
GENZ Sharpe Ratio Rank: 4
GENZ Sortino Ratio Rank: 4
GENZ Omega Ratio Rank: 4
GENZ Calmar Ratio Rank: 5
GENZ Martin Ratio Rank: 5

SMHX

SMHX Risk / Return Rank: 65
SMHX Sharpe Ratio Rank: 69
SMHX Sortino Ratio Rank: 61
SMHX Omega Ratio Rank: 61
SMHX Calmar Ratio Rank: 72
SMHX Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GENZ vs. SMHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Native Economy ETF (GENZ) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GENZ	SMHX	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	1.55	-2.24
Sortino ratio: Return per unit of downside risk	-0.90	2.04	-2.94
Omega ratio: Gain probability vs. loss probability	0.90	1.26	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.54	2.46	-3.00
Martin ratio: Return relative to average drawdown	-0.89	7.67	-8.55

GENZ vs. SMHX - Sharpe Ratio Comparison

The current GENZ Sharpe Ratio is -0.69, which is lower than the SMHX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of GENZ and SMHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GENZ vs. SMHX - Drawdown Comparison

The maximum GENZ drawdown since its inception was -71.12%, which is greater than SMHX's maximum drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for GENZ and SMHX.

Drawdown Indicators

	GENZ	SMHX	Difference
Max Drawdown Largest peak-to-trough decline	-71.12%	-38.53%	-32.59%
Max Drawdown (1Y) Largest decline over 1 year	-26.40%	-24.93%	-1.47%
Max Drawdown (3Y) Largest decline over 3 years	-26.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.43%	—	—
Current Drawdown Current decline from peak	-28.49%	-19.19%	-9.30%
Average Drawdown Average peak-to-trough decline	-24.57%	-7.72%	-16.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.08%	7.99%	+8.09%

Volatility

GENZ vs. SMHX - Volatility Comparison

The current volatility for VanEck Digital Native Economy ETF (GENZ) is 7.97%, while VanEck Fabless Semiconductor ETF (SMHX) has a volatility of 14.74%. This indicates that GENZ experiences smaller price fluctuations and is considered to be less risky than SMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GENZ	SMHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.97%	14.74%	-6.77%
Volatility (6M) Calculated over the trailing 6-month period	17.84%	33.37%	-15.53%
Volatility (1Y) Calculated over the trailing 1-year period	20.62%	39.65%	-19.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.71%	42.00%	-17.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.15%	42.00%	-16.85%

GENZ vs. SMHX - Expense Ratio Comparison

GENZ has a 0.50% expense ratio, which is higher than SMHX's 0.35% expense ratio.

Dividends

GENZ vs. SMHX - Dividend Comparison

GENZ's dividend yield for the trailing twelve months is around 3.66%, more than SMHX's 0.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GENZ VanEck Digital Native Economy ETF	3.66%	3.34%	2.88%	1.68%	0.44%	0.79%	0.47%	2.95%	3.43%	2.31%	3.15%	4.09%
SMHX VanEck Fabless Semiconductor ETF	0.02%	0.02%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GENZ and SMHX in my portfolio?

GENZ and SMHX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GENZ or SMHX?

SMHX has higher volatility (14.74%) compared to GENZ (7.97%). In terms of maximum drawdown, GENZ dropped -71.12% vs SMHX's -38.53%.

Which ETF is better, GENZ or SMHX?

On 1-year performance, SMHX leads with 64.03% vs -13.86% for GENZ. On fees, SMHX is cheaper at 0.35% per year. On volatility, GENZ has been the lower-risk option at 7.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GENZ or SMHX?

Over the 1-year period, SMHX has performed better with a 64.03% return vs -13.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GENZ or SMHX?

SMHX is cheaper with a 0.35% expense ratio, compared with 0.50% for GENZ.

Which ETF pays a higher dividend yield, GENZ or SMHX?

GENZ has the higher dividend yield at 3.66%, compared with 0.02% for SMHX.

What is the main difference between GENZ and SMHX?

GENZ is categorized as Technology Equities, while SMHX is Semiconductors. GENZ tracks MarketVector Digital Native Economy Index, while SMHX tracks MarketVector™ US Listed Fabless Semiconductor Index. Their fees differ too: 0.50% for GENZ and 0.35% for SMHX.

Which has better risk-adjusted returns?

SMHX currently has the higher Sharpe Ratio (1.55 vs -0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.