HIIFX vs. SMH
Compare and contrast key facts about Catalyst/SMH High Income Fund (HIIFX) and VanEck Semiconductor ETF (SMH).
HIIFX is managed by Catalyst Mutual Funds. It was launched on May 21, 2008. 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
HIIFX vs. SMH - Performance Comparison
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HIIFX vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIIFX Catalyst/SMH High Income Fund | -3.01% | 15.31% | 8.33% | 16.44% | -13.48% | 8.03% | 10.00% | 8.36% | -1.46% | 9.58% |
SMH VanEck Semiconductor ETF | 6.46% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
In the year-to-date period, HIIFX achieves a -3.01% return, which is significantly lower than SMH's 6.46% return. Over the past 10 years, HIIFX has underperformed SMH with an annualized return of 8.16%, while SMH has yielded a comparatively higher 31.28% annualized return.
HIIFX
- 1D
- -0.17%
- 1M
- -2.17%
- YTD
- -3.01%
- 6M
- -1.93%
- 1Y
- 14.54%
- 3Y*
- 11.13%
- 5Y*
- 4.87%
- 10Y*
- 8.16%
SMH
- 1D
- 5.76%
- 1M
- -5.65%
- YTD
- 6.46%
- 6M
- 17.84%
- 1Y
- 81.87%
- 3Y*
- 43.47%
- 5Y*
- 25.59%
- 10Y*
- 31.28%
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HIIFX vs. SMH - Expense Ratio Comparison
HIIFX has a 1.49% expense ratio, which is higher than SMH's 0.35% expense ratio.
Return for Risk
HIIFX vs. SMH — Risk / Return Rank
HIIFX
SMH
HIIFX vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/SMH High Income Fund (HIIFX) 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.
| HIIFX | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 2.23 | -0.45 |
Sortino ratioReturn per unit of downside risk | 2.46 | 2.85 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | 5.10 | -2.58 |
Martin ratioReturn relative to average drawdown | 7.27 | 18.29 | -11.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIIFX | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.23 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.74 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.37 | 0.97 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.28 | -0.11 |
Correlation
The correlation between HIIFX and SMH is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HIIFX vs. SMH - Dividend Comparison
HIIFX's dividend yield for the trailing twelve months is around 5.54%, more than SMH's 0.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIIFX Catalyst/SMH High Income Fund | 5.54% | 4.65% | 6.03% | 6.55% | 6.64% | 4.03% | 5.00% | 5.37% | 5.61% | 5.50% | 6.81% | 12.14% |
SMH VanEck Semiconductor ETF | 0.29% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
HIIFX vs. SMH - Drawdown Comparison
The maximum HIIFX drawdown since its inception was -51.29%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for HIIFX and SMH.
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Drawdown Indicators
| HIIFX | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.29% | -84.96% | +33.67% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -15.95% | +10.69% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -45.30% | +26.72% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -45.30% | +26.72% |
Current DrawdownCurrent decline from peak | -4.89% | -10.03% | +5.14% |
Average DrawdownAverage peak-to-trough decline | -15.41% | -41.36% | +25.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 4.44% | -2.62% |
Volatility
HIIFX vs. SMH - Volatility Comparison
The current volatility for Catalyst/SMH High Income Fund (HIIFX) is 2.33%, while VanEck Semiconductor ETF (SMH) has a volatility of 12.11%. This indicates that HIIFX 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.
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Volatility by Period
| HIIFX | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 12.11% | -9.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.82% | 23.95% | -19.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.02% | 36.84% | -28.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 34.71% | -28.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.00% | 32.28% | -26.28% |