IBLC vs. SMH
Compare and contrast key facts about iShares Blockchain and Tech ETF (IBLC) and VanEck Vectors Semiconductor ETF (SMH).
IBLC and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBLC is a passively managed fund by iShares that tracks the performance of the ICE FactSet Global Blockchain Technologies Index. It was launched on Apr 25, 2022. 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. Both IBLC and SMH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBLC or SMH.
Performance
IBLC vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, IBLC achieves a 37.72% return, which is significantly lower than SMH's 40.73% return.
IBLC
37.72%
16.92%
46.84%
120.74%
N/A
N/A
SMH
40.73%
-2.22%
2.62%
52.72%
33.43%
28.10%
Key characteristics
| IBLC | SMH | |
|---|---|---|
| Sharpe Ratio | 1.81 | 1.52 |
| Sortino Ratio | 2.51 | 2.03 |
| Omega Ratio | 1.29 | 1.27 |
| Calmar Ratio | 3.32 | 2.11 |
| Martin Ratio | 6.25 | 5.65 |
| Ulcer Index | 20.24% | 9.27% |
| Daily Std Dev | 69.74% | 34.43% |
| Max Drawdown | -62.54% | -95.73% |
| Current Drawdown | -9.84% | -12.50% |
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IBLC vs. SMH - Expense Ratio Comparison
IBLC has a 0.47% expense ratio, which is higher than SMH's 0.35% expense ratio.
Correlation
The correlation between IBLC and SMH is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
IBLC vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) 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.
Dividends
IBLC vs. SMH - Dividend Comparison
IBLC's dividend yield for the trailing twelve months is around 1.01%, more than SMH's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 1.01% | 1.79% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.42% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
IBLC vs. SMH - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for IBLC and SMH. For additional features, visit the drawdowns tool.
Volatility
IBLC vs. SMH - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 27.34% compared to VanEck Vectors Semiconductor ETF (SMH) at 8.43%. This indicates that IBLC's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.