GGRP.L vs. SMH.L

Last updated Jul 16, 2026

GGRP.L (WisdomTree Global Quality Dividend Growth UCITS ETF - USD) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - GGRP.L is a Global Equities fund tracking the WisdomTree Global Developed Quality Dividend Growth, while SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past 5 years, GGRP.L returned 8.46%/yr vs 36.12%/yr for SMH.L. A 0.59 correlation means they provide meaningful diversification when combined. GGRP.L charges 0.38%/yr vs 0.35%/yr for SMH.L.

Performance

GGRP.L vs. SMH.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) and VanEck Semiconductor UCITS ETF (SMH.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GGRP.L is traded in GBp, while SMH.L is traded in USD. To make them comparable, the SMH.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, GGRP.L achieves a 5.78% return, which is significantly lower than SMH.L's 75.78% return.

GGRP.L

• 1D: -0.33%
• 1M: -0.13%
• 6M: 4.56%
• YTD: 5.78%
• 1Y: 14.78%
• 3Y*: 11.12%
• 5Y*: 8.46%
• 10Y*: —

SMH.L

• 1D: -4.48%
• 1M: -9.67%
• 6M: 61.91%
• YTD: 75.78%
• 1Y: 121.85%
• 3Y*: 52.56%
• 5Y*: 36.12%
• 10Y*: —

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

GGRP.L vs. SMH.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD	5.78%	8.49%	11.07%	11.60%	-3.21%	20.97%	1.31%
SMH.L VanEck Semiconductor UCITS ETF	75.78%	38.57%	26.28%	67.15%	-27.87%	44.10%	2.52%

Correlation

The correlation between GGRP.L and SMH.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020	0.59

The correlation between GGRP.L and SMH.L shifts across timeframes, from 0.48 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

GGRP.L vs. SMH.L - Sectors Allocation Comparison

Sectors	GGRP.L	SMH.L
Technology	22.2%	100.0%
Industrials	18.2%	-
Healthcare	16.9%	-
Consumer Cyclical	15.3%	-
Financial Services	8.8%	-
Communication Services	7.8%	-
Consumer Defensive	6.7%	-
Basic Materials	3.6%	-
Utilities	0.3%	-
Real Estate	0.2%	-
Energy	0.0%	-

Return for Risk

GGRP.L vs. SMH.L — Risk / Return Rank

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

GGRP.L

GGRP.L Risk / Return Rank: 49
GGRP.L Sharpe Ratio Rank: 51
GGRP.L Sortino Ratio Rank: 54
GGRP.L Omega Ratio Rank: 52
GGRP.L Calmar Ratio Rank: 41
GGRP.L Martin Ratio Rank: 49

SMH.L

SMH.L Risk / Return Rank: 95
SMH.L Sharpe Ratio Rank: 96
SMH.L Sortino Ratio Rank: 93
SMH.L Omega Ratio Rank: 91
SMH.L Calmar Ratio Rank: 97
SMH.L Martin Ratio Rank: 96

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.

GGRP.L vs. SMH.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) and VanEck Semiconductor UCITS ETF (SMH.L). 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.

	GGRP.L	SMH.L	Difference
Sharpe ratio: Return per unit of total volatility	1.44	3.33	-1.89
Sortino ratio: Return per unit of downside risk	2.14	3.68	-1.55
Omega ratio: Gain probability vs. loss probability	1.27	1.48	-0.21
Calmar ratio: Return relative to maximum drawdown	1.71	8.50	-6.79
Martin ratio: Return relative to average drawdown	6.62	28.48	-21.86

GGRP.L vs. SMH.L - Sharpe Ratio Comparison

The current GGRP.L Sharpe Ratio is 1.44, which is lower than the SMH.L Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of GGRP.L and SMH.L, 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

GGRP.L vs. SMH.L - Drawdown Comparison

The maximum GGRP.L drawdown since its inception was -22.60%, smaller than the maximum SMH.L drawdown of -36.36%. Use the drawdown chart below to compare losses from any high point for GGRP.L and SMH.L.

Drawdown Indicators

	GGRP.L	SMH.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.60%	-36.36%	+13.76%
Max Drawdown (1Y) Largest decline over 1 year	-8.59%	-14.25%	+5.66%
Max Drawdown (3Y) Largest decline over 3 years	-16.25%	-36.36%	+20.11%
Max Drawdown (5Y) Largest decline over 5 years	-16.25%	-36.36%	+20.11%
Current Drawdown Current decline from peak	-1.04%	-13.65%	+12.61%
Average Drawdown Average peak-to-trough decline	-3.86%	-9.75%	+5.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	4.26%	-2.03%

Volatility

GGRP.L vs. SMH.L - Volatility Comparison

The current volatility for WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) is 2.32%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 16.49%. This indicates that GGRP.L experiences smaller price fluctuations and is considered to be less risky than SMH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGRP.L	SMH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.32%	16.49%	-14.17%
Volatility (6M) Calculated over the trailing 6-month period	8.29%	30.17%	-21.88%
Volatility (1Y) Calculated over the trailing 1-year period	10.24%	36.45%	-26.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.04%	32.35%	-20.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.83%	31.76%	-16.93%

GGRP.L vs. SMH.L - Expense Ratio Comparison

GGRP.L has a 0.38% expense ratio, which is higher than SMH.L's 0.35% expense ratio.

Dividends

GGRP.L vs. SMH.L - Dividend Comparison

GGRP.L's dividend yield for the trailing twelve months is around 1.19%, while SMH.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD	1.19%	1.23%	1.61%	1.84%	2.42%	1.60%	0.84%	0.78%	2.14%	1.42%
SMH.L VanEck Semiconductor UCITS ETF	0.00%	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 GGRP.L and SMH.L in my portfolio?

GGRP.L and SMH.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GGRP.L or SMH.L?

On fees, SMH.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GGRP.L or SMH.L?

SMH.L is cheaper with a 0.35% expense ratio, compared with 0.38% for GGRP.L.

What is the main difference between GGRP.L and SMH.L?

GGRP.L is categorized as Global Equities, while SMH.L is Semiconductors. GGRP.L tracks WisdomTree Global Developed Quality Dividend Growth, while SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.38% for GGRP.L and 0.35% for SMH.L.