ITEQ vs. SMH
Compare and contrast key facts about BlueStar Israel Technology ETF (ITEQ) and VanEck Vectors Semiconductor ETF (SMH).
ITEQ and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITEQ is a passively managed fund by ETFMG that tracks the performance of the BlueStar Israel Global Technology Index. It was launched on Nov 2, 2015. 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 ITEQ 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: ITEQ or SMH.
Key characteristics
| ITEQ | SMH | |
|---|---|---|
| YTD Return | -4.05% | 24.51% |
| 1Y Return | 3.45% | 79.83% |
| 3Y Return (Ann) | -12.39% | 24.10% |
| 5Y Return (Ann) | 2.76% | 32.99% |
| Sharpe Ratio | 0.21 | 2.78 |
| Daily Std Dev | 19.87% | 28.53% |
| Max Drawdown | -54.59% | -95.73% |
| Current Drawdown | -43.99% | -7.02% |
Correlation
The correlation between ITEQ and SMH is 0.69, 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.
Performance
ITEQ vs. SMH - Performance Comparison
In the year-to-date period, ITEQ achieves a -4.05% return, which is significantly lower than SMH's 24.51% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ITEQ vs. SMH - Expense Ratio Comparison
ITEQ has a 0.75% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
ITEQ vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlueStar Israel Technology ETF (ITEQ) 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
ITEQ vs. SMH - Dividend Comparison
ITEQ has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.48%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITEQ BlueStar Israel Technology ETF | 0.00% | 0.00% | 0.00% | 0.08% | 0.57% | 0.00% | 0.29% | 0.54% | 0.37% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.48% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
ITEQ vs. SMH - Drawdown Comparison
The maximum ITEQ drawdown since its inception was -54.59%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for ITEQ and SMH. For additional features, visit the drawdowns tool.
Volatility
ITEQ vs. SMH - Volatility Comparison
The current volatility for BlueStar Israel Technology ETF (ITEQ) is 5.17%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 10.09%. This indicates that ITEQ 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.