HYSD vs. SEMI

Last updated Jun 24, 2026

HYSD (Columbia Short Duration High Yield ETF) and SEMI (Columbia Select Technology ETF) are both exchange-traded funds - HYSD is a High Yield Bonds fund actively managed by Columbia, while SEMI is a Semiconductors fund actively managed by Columbia. Both are actively managed. Over the past year, HYSD returned 5.83% vs 54.26% for SEMI. A 0.53 correlation means they provide meaningful diversification when combined. HYSD charges 0.44%/yr vs 0.75%/yr for SEMI.

Performance

HYSD vs. SEMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Short Duration High Yield ETF (HYSD) and Columbia Select Technology ETF (SEMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYSD achieves a 2.03% return, which is significantly lower than SEMI's 26.33% return.

HYSD

• 1D: 0.06%
• 1M: 0.48%
• YTD: 2.03%
• 6M: 2.12%
• 1Y: 5.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SEMI

• 1D: -4.96%
• 1M: 3.03%
• YTD: 26.33%
• 6M: 25.43%
• 1Y: 54.26%
• 3Y*: 28.16%
• 5Y*: —
• 10Y*: —

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

HYSD vs. SEMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HYSD Columbia Short Duration High Yield ETF	2.03%	7.74%	0.94%
SEMI Columbia Select Technology ETF	26.33%	24.91%	8.22%

Correlation

The correlation between HYSD and SEMI is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.53

The correlation between HYSD and SEMI has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.

Return for Risk

HYSD vs. SEMI — Risk / Return Rank

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

HYSD

HYSD Risk / Return Rank: 80
HYSD Sharpe Ratio Rank: 71
HYSD Sortino Ratio Rank: 81
HYSD Omega Ratio Rank: 79
HYSD Calmar Ratio Rank: 83
HYSD Martin Ratio Rank: 88

SEMI

SEMI Risk / Return Rank: 70
SEMI Sharpe Ratio Rank: 71
SEMI Sortino Ratio Rank: 60
SEMI Omega Ratio Rank: 64
SEMI Calmar Ratio Rank: 77
SEMI Martin Ratio Rank: 75

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.

HYSD vs. SEMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Short Duration High Yield ETF (HYSD) and Columbia Select Technology ETF (SEMI). 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.

	HYSD	SEMI	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.19	-0.12
Sortino ratio: Return per unit of downside risk	3.23	2.72	+0.51
Omega ratio: Gain probability vs. loss probability	1.42	1.37	+0.05
Calmar ratio: Return relative to maximum drawdown	4.02	3.78	+0.23
Martin ratio: Return relative to average drawdown	17.34	13.59	+3.75

HYSD vs. SEMI - Sharpe Ratio Comparison

The current HYSD Sharpe Ratio is 2.07, which is comparable to the SEMI Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of HYSD and SEMI, 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

HYSD vs. SEMI - Drawdown Comparison

The maximum HYSD drawdown since its inception was -2.69%, smaller than the maximum SEMI drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for HYSD and SEMI.

Drawdown Indicators

	HYSD	SEMI	Difference
Max Drawdown Largest peak-to-trough decline	-2.69%	-33.46%	+30.77%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	-14.41%	+12.95%
Max Drawdown (3Y) Largest decline over 3 years	—	-32.93%	—
Current Drawdown Current decline from peak	-0.05%	-4.96%	+4.91%
Average Drawdown Average peak-to-trough decline	-0.25%	-9.86%	+9.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	4.01%	-3.67%

Volatility

HYSD vs. SEMI - Volatility Comparison

The current volatility for Columbia Short Duration High Yield ETF (HYSD) is 0.79%, while Columbia Select Technology ETF (SEMI) has a volatility of 12.90%. This indicates that HYSD experiences smaller price fluctuations and is considered to be less risky than SEMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYSD	SEMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	12.90%	-12.11%
Volatility (6M) Calculated over the trailing 6-month period	2.22%	20.53%	-18.31%
Volatility (1Y) Calculated over the trailing 1-year period	2.83%	24.91%	-22.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.50%	31.93%	-28.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.50%	31.93%	-28.43%

HYSD vs. SEMI - Expense Ratio Comparison

HYSD has a 0.44% expense ratio, which is lower than SEMI's 0.75% expense ratio.

Dividends

HYSD vs. SEMI - Dividend Comparison

HYSD's dividend yield for the trailing twelve months is around 5.78%, more than SEMI's 3.55% yield.

Position	TTM	2025	2024	2023	2022
HYSD Columbia Short Duration High Yield ETF	5.78%	5.60%	1.82%	0.00%	0.00%
SEMI Columbia Select Technology ETF	3.55%	4.48%	0.96%	0.87%	0.67%

Frequently Asked Questions

Can I hold both HYSD and SEMI in my portfolio?

HYSD and SEMI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYSD or SEMI?

SEMI has higher volatility (12.90%) compared to HYSD (0.79%). In terms of maximum drawdown, HYSD dropped -2.69% vs SEMI's -33.46%.

Which ETF is better, HYSD or SEMI?

On 1-year performance, SEMI leads with 54.26% vs 5.83% for HYSD. On fees, HYSD is cheaper at 0.44% per year. On volatility, HYSD has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYSD or SEMI?

Over the 1-year period, SEMI has performed better with a 54.26% return vs 5.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYSD or SEMI?

HYSD is cheaper with a 0.44% expense ratio, compared with 0.75% for SEMI.

Which ETF pays a higher dividend yield, HYSD or SEMI?

HYSD has the higher dividend yield at 5.78%, compared with 3.55% for SEMI.

What is the main difference between HYSD and SEMI?

HYSD is categorized as High Yield Bonds, while SEMI is Semiconductors. Their fees differ too: 0.44% for HYSD and 0.75% for SEMI.

Which has better risk-adjusted returns?

SEMI currently has the higher Sharpe Ratio (2.19 vs 2.07), 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.