ITUB vs. SMH
Compare and contrast key facts about Itaú Unibanco Holding S.A. (ITUB) and VanEck Semiconductor ETF (SMH).
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
ITUB vs. SMH - Performance Comparison
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ITUB vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITUB Itaú Unibanco Holding S.A. | 19.79% | 86.06% | -23.49% | 54.53% | 30.82% | -6.05% | -30.47% | 8.46% | 12.68% | 30.90% |
SMH VanEck Semiconductor ETF | 8.84% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
In the year-to-date period, ITUB achieves a 19.79% return, which is significantly higher than SMH's 8.84% return. Over the past 10 years, ITUB has underperformed SMH with an annualized return of 18.14%, while SMH has yielded a comparatively higher 31.58% annualized return.
ITUB
- 1D
- 1.31%
- 1M
- -3.30%
- YTD
- 19.79%
- 6M
- 30.31%
- 1Y
- 73.48%
- 3Y*
- 36.00%
- 5Y*
- 32.51%
- 10Y*
- 18.14%
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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Return for Risk
ITUB vs. SMH — Risk / Return Rank
ITUB
SMH
ITUB vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Itaú Unibanco Holding S.A. (ITUB) 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.
| ITUB | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.39 | 2.32 | +0.07 |
Sortino ratioReturn per unit of downside risk | 2.96 | 2.92 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 4.11 | 5.39 | -1.28 |
Martin ratioReturn relative to average drawdown | 12.99 | 19.22 | -6.23 |
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
| ITUB | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 2.32 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.76 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.98 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.28 | +0.06 |
Correlation
The correlation between ITUB and SMH is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ITUB vs. SMH - Dividend Comparison
ITUB's dividend yield for the trailing twelve months is around 7.49%, more than SMH's 0.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITUB Itaú Unibanco Holding S.A. | 7.49% | 11.26% | 9.20% | 3.61% | 4.21% | 29.81% | 4.80% | 8.21% | 6.93% | 3.35% | 15.63% | 3.89% |
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
ITUB vs. SMH - Drawdown Comparison
The maximum ITUB drawdown since its inception was -69.35%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for ITUB and SMH.
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Drawdown Indicators
| ITUB | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.35% | -84.96% | +15.61% |
Max Drawdown (1Y)Largest decline over 1 year | -18.02% | -15.95% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.59% | -45.30% | +13.71% |
Max Drawdown (10Y)Largest decline over 10 years | -61.96% | -45.30% | -16.66% |
Current DrawdownCurrent decline from peak | -10.45% | -8.02% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -21.09% | -41.35% | +20.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 4.47% | +1.23% |
Volatility
ITUB vs. SMH - Volatility Comparison
Itaú Unibanco Holding S.A. (ITUB) has a higher volatility of 12.73% compared to VanEck Semiconductor ETF (SMH) at 11.74%. This indicates that ITUB'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.
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Volatility by Period
| ITUB | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.73% | 11.74% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 23.79% | 24.02% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.88% | 36.88% | -6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.95% | 34.68% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.84% | 32.29% | +6.55% |