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HCMT vs. SMH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HCMT and SMH is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

HCMT vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) and VanEck Vectors Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%AugustSeptemberOctoberNovemberDecember2025
14.60%
-2.22%
HCMT
SMH

Key characteristics

Sharpe Ratio

HCMT:

1.21

SMH:

0.70

Sortino Ratio

HCMT:

1.66

SMH:

1.13

Omega Ratio

HCMT:

1.22

SMH:

1.14

Calmar Ratio

HCMT:

1.73

SMH:

1.03

Martin Ratio

HCMT:

6.10

SMH:

2.45

Ulcer Index

HCMT:

5.95%

SMH:

10.42%

Daily Std Dev

HCMT:

30.14%

SMH:

36.30%

Max Drawdown

HCMT:

-20.99%

SMH:

-83.29%

Current Drawdown

HCMT:

-4.65%

SMH:

-14.13%

Returns By Period

In the year-to-date period, HCMT achieves a 3.28% return, which is significantly higher than SMH's -0.71% return.


HCMT

YTD

3.28%

1M

1.58%

6M

14.60%

1Y

34.94%

5Y*

N/A

10Y*

N/A

SMH

YTD

-0.71%

1M

-3.20%

6M

5.25%

1Y

26.79%

5Y*

28.50%

10Y*

26.22%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HCMT vs. SMH - Expense Ratio Comparison

HCMT has a 1.17% expense ratio, which is higher than SMH's 0.35% expense ratio.


HCMT
Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF
Expense ratio chart for HCMT: current value at 1.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.17%
Expense ratio chart for SMH: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

HCMT vs. SMH — Risk-Adjusted Performance Rank

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

HCMT
The Risk-Adjusted Performance Rank of HCMT is 5454
Overall Rank
The Sharpe Ratio Rank of HCMT is 5353
Sharpe Ratio Rank
The Sortino Ratio Rank of HCMT is 4949
Sortino Ratio Rank
The Omega Ratio Rank of HCMT is 5252
Omega Ratio Rank
The Calmar Ratio Rank of HCMT is 6060
Calmar Ratio Rank
The Martin Ratio Rank of HCMT is 5757
Martin Ratio Rank

SMH
The Risk-Adjusted Performance Rank of SMH is 3333
Overall Rank
The Sharpe Ratio Rank of SMH is 2929
Sharpe Ratio Rank
The Sortino Ratio Rank of SMH is 3030
Sortino Ratio Rank
The Omega Ratio Rank of SMH is 3232
Omega Ratio Rank
The Calmar Ratio Rank of SMH is 4444
Calmar Ratio Rank
The Martin Ratio Rank of SMH is 3030
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HCMT vs. SMH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) 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.


Sharpe ratio
The chart of Sharpe ratio for HCMT, currently valued at 1.21, compared to the broader market0.002.004.001.210.78
The chart of Sortino ratio for HCMT, currently valued at 1.66, compared to the broader market0.005.0010.001.661.21
The chart of Omega ratio for HCMT, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.221.16
The chart of Calmar ratio for HCMT, currently valued at 1.73, compared to the broader market0.005.0010.0015.001.731.14
The chart of Martin ratio for HCMT, currently valued at 6.10, compared to the broader market0.0020.0040.0060.0080.00100.00120.006.102.70
HCMT
SMH

The current HCMT Sharpe Ratio is 1.21, which is higher than the SMH Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of HCMT and SMH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50AugustSeptemberOctoberNovemberDecember2025
1.21
0.78
HCMT
SMH

Dividends

HCMT vs. SMH - Dividend Comparison

HCMT's dividend yield for the trailing twelve months is around 2.67%, more than SMH's 0.45% yield.


TTM20242023202220212020201920182017201620152014
HCMT
Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF
2.67%2.75%0.63%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%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%1.16%

Drawdowns

HCMT vs. SMH - Drawdown Comparison

The maximum HCMT drawdown since its inception was -20.99%, smaller than the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for HCMT and SMH. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-4.65%
-14.13%
HCMT
SMH

Volatility

HCMT vs. SMH - Volatility Comparison

The current volatility for Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) is 10.01%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 13.24%. This indicates that HCMT experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%16.00%18.00%AugustSeptemberOctoberNovemberDecember2025
10.01%
13.24%
HCMT
SMH
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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