IVES vs. SMH
Compare and contrast key facts about Wedbush ETFMG Global Cloud Technology ETF (IVES) and VanEck Vectors Semiconductor ETF (SMH).
IVES and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVES is a passively managed fund by ETFMG that tracks the performance of the Dan Ives Global Cloud Technology Prime Index. It was launched on Mar 8, 2016. 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 IVES 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: IVES or SMH.
Key characteristics
| IVES | SMH | |
|---|---|---|
| YTD Return | 23.73% | 48.30% |
| 1Y Return | 45.92% | 72.60% |
| 3Y Return (Ann) | -2.90% | 21.36% |
| 5Y Return (Ann) | 7.01% | 34.34% |
| Sharpe Ratio | 2.01 | 2.10 |
| Sortino Ratio | 2.77 | 2.59 |
| Omega Ratio | 1.35 | 1.35 |
| Calmar Ratio | 1.06 | 2.91 |
| Martin Ratio | 9.34 | 8.05 |
| Ulcer Index | 4.72% | 8.98% |
| Daily Std Dev | 21.93% | 34.46% |
| Max Drawdown | -56.11% | -95.73% |
| Current Drawdown | -14.63% | -7.80% |
Correlation
The correlation between IVES and SMH is 0.65, 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
IVES vs. SMH - Performance Comparison
In the year-to-date period, IVES achieves a 23.73% return, which is significantly lower than SMH's 48.30% 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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IVES vs. SMH - Expense Ratio Comparison
IVES has a 0.68% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
IVES vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wedbush ETFMG Global Cloud Technology ETF (IVES) 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
IVES vs. SMH - Dividend Comparison
IVES's dividend yield for the trailing twelve months is around 0.02%, less than SMH's 0.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVES Wedbush ETFMG Global Cloud Technology ETF | 0.02% | 0.00% | 0.00% | 0.00% | 0.39% | 1.16% | 0.38% | 1.02% | 0.64% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.40% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
IVES vs. SMH - Drawdown Comparison
The maximum IVES drawdown since its inception was -56.11%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for IVES and SMH. For additional features, visit the drawdowns tool.
Volatility
IVES vs. SMH - Volatility Comparison
The current volatility for Wedbush ETFMG Global Cloud Technology ETF (IVES) is 5.96%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 9.32%. This indicates that IVES 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.