ISRA vs. SMHX

Last updated Jun 4, 2026

ISRA (VanEck Israel ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both exchange-traded funds - ISRA is a Global Equities fund tracking the BlueStar Israel Global Index, while SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. Both are passively managed. Over the past year, ISRA returned 41.95% vs 139.42% for SMHX. A 0.58 correlation means they provide meaningful diversification when combined. ISRA charges 0.59%/yr vs 0.35%/yr for SMHX.

Performance

ISRA vs. SMHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Israel ETF (ISRA) and VanEck Fabless Semiconductor ETF (SMHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISRA achieves a 14.05% return, which is significantly lower than SMHX's 78.44% return.

ISRA

• 1D: -2.47%
• 1M: -1.80%
• YTD: 14.05%
• 6M: 17.88%
• 1Y: 41.95%
• 3Y*: 26.30%
• 5Y*: 9.13%
• 10Y*: 10.83%

SMHX

• 1D: 0.94%
• 1M: 33.64%
• YTD: 78.44%
• 6M: 72.62%
• 1Y: 139.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ISRA vs. SMHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ISRA VanEck Israel ETF	14.05%	36.98%	14.42%
SMHX VanEck Fabless Semiconductor ETF	78.44%	30.00%	17.76%

Correlation

The correlation between ISRA and SMHX is 0.51, 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	0.51
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024	0.58

The correlation between ISRA and SMHX has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.

ISRA vs. SMHX - Sectors Allocation Comparison

Sectors	ISRA	SMHX
Financial Services	38.3%	-
Technology	22.2%	100.0%
Healthcare	11.8%	-
Industrials	10.5%	-
Utilities	5.0%	-
Real Estate	4.7%	-
Energy	2.1%	-
Consumer Cyclical	1.9%	-
Communication Services	1.8%	-
Consumer Defensive	1.5%	-
Basic Materials	0.2%	-

Return for Risk

ISRA vs. SMHX — Risk / Return Rank

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

ISRA

ISRA Risk / Return Rank: 65
ISRA Sharpe Ratio Rank: 59
ISRA Sortino Ratio Rank: 59
ISRA Omega Ratio Rank: 56
ISRA Calmar Ratio Rank: 76
ISRA Martin Ratio Rank: 76

SMHX

SMHX Risk / Return Rank: 93
SMHX Sharpe Ratio Rank: 96
SMHX Sortino Ratio Rank: 92
SMHX Omega Ratio Rank: 90
SMHX Calmar Ratio Rank: 95
SMHX Martin Ratio Rank: 92

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.

ISRA vs. SMHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Israel ETF (ISRA) and VanEck Fabless Semiconductor ETF (SMHX). 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.

	ISRA	SMHX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	4.30	-2.28
Sortino ratio: Return per unit of downside risk	2.82	4.50	-1.68
Omega ratio: Gain probability vs. loss probability	1.35	1.59	-0.24
Calmar ratio: Return relative to maximum drawdown	3.83	8.22	-4.40
Martin ratio: Return relative to average drawdown	14.53	23.13	-8.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISRA vs. SMHX - Sharpe Ratio Comparison

The current ISRA Sharpe Ratio is 2.02, which is lower than the SMHX Sharpe Ratio of 4.30. The chart below compares the historical Sharpe Ratios of ISRA and SMHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ISRA	SMHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	4.30	-2.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	1.94	-1.47

Drawdowns

ISRA vs. SMHX - Drawdown Comparison

The maximum ISRA drawdown since its inception was -45.02%, which is greater than SMHX's maximum drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for ISRA and SMHX.

Drawdown Indicators

	ISRA	SMHX	Difference
Max Drawdown Largest peak-to-trough decline	-45.02%	-38.53%	-6.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-17.06%	+6.04%
Max Drawdown (3Y) Largest decline over 3 years	-27.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.02%	—	—
Current Drawdown Current decline from peak	-4.73%	0.00%	-4.73%
Average Drawdown Average peak-to-trough decline	-11.19%	-7.33%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	6.05%	-3.15%

Volatility

ISRA vs. SMHX - Volatility Comparison

The current volatility for VanEck Israel ETF (ISRA) is 5.30%, while VanEck Fabless Semiconductor ETF (SMHX) has a volatility of 11.81%. This indicates that ISRA experiences smaller price fluctuations and is considered to be less risky than SMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISRA	SMHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	11.81%	-6.51%
Volatility (6M) Calculated over the trailing 6-month period	14.91%	25.06%	-10.15%
Volatility (1Y) Calculated over the trailing 1-year period	20.84%	32.69%	-11.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.87%	39.97%	-18.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.91%	39.97%	-19.06%

ISRA vs. SMHX - Expense Ratio Comparison

ISRA has a 0.59% expense ratio, which is higher than SMHX's 0.35% expense ratio.

Dividends

ISRA vs. SMHX - Dividend Comparison

ISRA's dividend yield for the trailing twelve months is around 1.30%, more than SMHX's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISRA VanEck Israel ETF	1.30%	1.48%	1.21%	1.89%	1.36%	1.28%	0.17%	1.38%	0.76%	1.58%	1.62%	1.31%
SMHX VanEck Fabless Semiconductor ETF	0.01%	0.02%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ISRA and SMHX in my portfolio?

ISRA and SMHX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ISRA or SMHX?

SMHX has higher volatility (11.81%) compared to ISRA (5.30%). In terms of maximum drawdown, ISRA dropped -45.02% vs SMHX's -38.53%.

Which ETF is better, ISRA or SMHX?

On 1-year performance, SMHX leads with 139.42% vs 41.95% for ISRA. On fees, SMHX is cheaper at 0.35% per year. On volatility, ISRA has been the lower-risk option at 5.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ISRA or SMHX?

Over the 1-year period, SMHX has performed better with a 139.42% return vs 41.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ISRA or SMHX?

SMHX is cheaper with a 0.35% expense ratio, compared with 0.59% for ISRA.

Which ETF pays a higher dividend yield, ISRA or SMHX?

ISRA has the higher dividend yield at 1.30%, compared with 0.01% for SMHX.

What is the main difference between ISRA and SMHX?

ISRA is categorized as Global Equities, while SMHX is Semiconductors. ISRA tracks BlueStar Israel Global Index, while SMHX tracks MarketVector™ US Listed Fabless Semiconductor Index. Their fees differ too: 0.59% for ISRA and 0.35% for SMHX.

Which has better risk-adjusted returns?

SMHX currently has the higher Sharpe Ratio (4.30 vs 2.02), 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.