IETC vs. SMH
Compare and contrast key facts about iShares Evolved U.S. Technology ETF (IETC) and VanEck Semiconductor ETF (SMH).
IETC and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IETC is an actively managed fund by iShares. It was launched on Mar 21, 2018. 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
IETC vs. SMH - Performance Comparison
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IETC vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IETC iShares Evolved U.S. Technology ETF | -12.16% | 19.56% | 37.57% | 54.35% | -32.78% | 29.73% | 46.59% | 43.09% | -3.52% |
SMH VanEck Semiconductor ETF | 8.84% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -14.55% |
Returns By Period
In the year-to-date period, IETC achieves a -12.16% return, which is significantly lower than SMH's 8.84% return.
IETC
- 1D
- 0.88%
- 1M
- -2.84%
- YTD
- -12.16%
- 6M
- -12.68%
- 1Y
- 18.40%
- 3Y*
- 24.35%
- 5Y*
- 13.25%
- 10Y*
- —
SMH
- 1D
- 2.24%
- 1M
- -3.55%
- YTD
- 8.84%
- 6M
- 17.83%
- 1Y
- 85.04%
- 3Y*
- 44.53%
- 5Y*
- 26.15%
- 10Y*
- 31.58%
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IETC vs. SMH - Expense Ratio Comparison
IETC has a 0.18% expense ratio, which is lower than SMH's 0.35% expense ratio.
Return for Risk
IETC vs. SMH — Risk / Return Rank
IETC
SMH
IETC vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Technology ETF (IETC) 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.
| IETC | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 2.32 | -1.62 |
Sortino ratioReturn per unit of downside risk | 1.16 | 2.92 | -1.77 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.41 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 5.39 | -4.47 |
Martin ratioReturn relative to average drawdown | 2.74 | 19.22 | -16.48 |
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
| IETC | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 2.32 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.76 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.98 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.28 | +0.45 |
Correlation
The correlation between IETC 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.
Dividends
IETC vs. SMH - Dividend Comparison
IETC's dividend yield for the trailing twelve months is around 0.44%, more than SMH's 0.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IETC iShares Evolved U.S. Technology ETF | 0.44% | 0.38% | 0.52% | 0.79% | 0.92% | 0.73% | 0.48% | 0.95% | 1.27% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
IETC vs. SMH - Drawdown Comparison
The maximum IETC drawdown since its inception was -38.48%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for IETC and SMH.
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Drawdown Indicators
| IETC | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.48% | -84.96% | +46.48% |
Max Drawdown (1Y)Largest decline over 1 year | -21.19% | -15.95% | -5.24% |
Max Drawdown (5Y)Largest decline over 5 years | -38.48% | -45.30% | +6.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -17.25% | -8.02% | -9.23% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -41.35% | +33.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.11% | 4.47% | +2.64% |
Volatility
IETC vs. SMH - Volatility Comparison
The current volatility for iShares Evolved U.S. Technology ETF (IETC) is 8.02%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.74%. This indicates that IETC 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
| IETC | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 11.74% | -3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 16.78% | 24.02% | -7.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.60% | 36.88% | -10.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.39% | 34.68% | -10.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.43% | 32.29% | -6.86% |