IDPE.L vs. SMH.L
IDPE.L (iShares Listed Private Equity UCITS ETF) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - IDPE.L is a Global Equities fund tracking the iShares Listed Private Equity UCITS ETF, 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, IDPE.L returned 4.44%/yr vs 35.65%/yr for SMH.L. A 0.62 correlation means they provide meaningful diversification when combined. IDPE.L charges 0.75%/yr vs 0.35%/yr for SMH.L.
Performance
IDPE.L vs. SMH.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDPE.L achieves a -11.49% return, which is significantly lower than SMH.L's 76.50% return.
IDPE.L
- 1D
- -1.01%
- 1M
- -0.03%
- 6M
- -12.08%
- YTD
- -11.49%
- 1Y
- -14.17%
- 3Y*
- 9.57%
- 5Y*
- 4.44%
- 10Y*
- 10.74%
SMH.L
- 1D
- -3.48%
- 1M
- -8.87%
- 6M
- 62.90%
- YTD
- 76.50%
- 1Y
- 124.23%
- 3Y*
- 54.24%
- 5Y*
- 35.65%
- 10Y*
- —
IDPE.L vs. SMH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IDPE.L iShares Listed Private Equity UCITS ETF | -11.49% | 1.30% | 23.80% | 39.29% | -28.48% | 41.86% | 5.91% |
SMH.L VanEck Semiconductor UCITS ETF | 76.50% | 49.20% | 24.11% | 75.94% | -35.54% | 42.75% | 4.36% |
Correlation
The correlation between IDPE.L and SMH.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.62 |
Over the past year, the correlation between IDPE.L and SMH.L has dropped to 0.39 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
IDPE.L vs. SMH.L — Risk / Return Rank
IDPE.L
SMH.L
IDPE.L vs. SMH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Listed Private Equity UCITS ETF (IDPE.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.
| IDPE.L | SMH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.06 | ||
| Sortino ratioReturn per unit of downside risk | -4.62 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.47 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 8.88 | -9.49 |
| Martin ratioReturn relative to average drawdown | -1.08 | 27.77 | -28.85 |
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Drawdowns
IDPE.L vs. SMH.L - Drawdown Comparison
The maximum IDPE.L drawdown since its inception was -82.58%, which is greater than SMH.L's maximum drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for IDPE.L and SMH.L.
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Drawdown Indicators
| IDPE.L | SMH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.58% | -45.38% | -37.20% |
Max Drawdown (1Y)Largest decline over 1 year | -24.69% | -13.91% | -10.78% |
Max Drawdown (3Y)Largest decline over 3 years | -25.17% | -36.25% | +11.08% |
Max Drawdown (5Y)Largest decline over 5 years | -38.86% | -45.38% | +6.52% |
Max Drawdown (10Y)Largest decline over 10 years | -50.36% | — | — |
Current DrawdownCurrent decline from peak | -17.97% | -11.91% | -6.06% |
Average DrawdownAverage peak-to-trough decline | -20.32% | -11.12% | -9.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.84% | 4.46% | +9.38% |
Volatility
IDPE.L vs. SMH.L - Volatility Comparison
The current volatility for iShares Listed Private Equity UCITS ETF (IDPE.L) is 5.95%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 16.26%. This indicates that IDPE.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.
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Volatility by Period
| IDPE.L | SMH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 16.26% | -10.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.89% | 30.80% | -13.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.86% | 36.96% | -16.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 33.56% | -11.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.11% | 32.93% | -10.82% |
IDPE.L vs. SMH.L - Expense Ratio Comparison
IDPE.L has a 0.75% expense ratio, which is higher than SMH.L's 0.35% expense ratio.
Dividends
IDPE.L vs. SMH.L - Dividend Comparison
IDPE.L's dividend yield for the trailing twelve months is around 3.83%, while SMH.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDPE.L iShares Listed Private Equity UCITS ETF | 3.83% | 2.96% | 3.03% | 3.35% | 4.36% | 2.54% | 3.56% | 3.25% | 5.05% | 4.96% | 4.33% | 5.53% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
IDPE.L and SMH.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SMH.L is cheaper with a 0.35% expense ratio, compared with 0.75% for IDPE.L.
IDPE.L is categorized as Global Equities, while SMH.L is Semiconductors. IDPE.L tracks iShares Listed Private Equity UCITS ETF, while SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.75% for IDPE.L and 0.35% for SMH.L.
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