JAVA vs. SMH
Compare and contrast key facts about JPMorgan Active Value ETF (JAVA) and VanEck Vectors Semiconductor ETF (SMH).
JAVA and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JAVA is an actively managed fund by JPMorgan. It was launched on Oct 4, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAVA or SMH.
Key characteristics
| JAVA | SMH | |
|---|---|---|
| YTD Return | 14.50% | 33.65% |
| 1Y Return | 20.80% | 59.63% |
| 3Y Return (Ann) | 93.18% | 21.61% |
| 5Y Return (Ann) | 93.18% | 34.14% |
| 10Y Return (Ann) | 93.18% | 27.98% |
| Sharpe Ratio | 1.86 | 1.78 |
| Daily Std Dev | 11.22% | 33.74% |
| Max Drawdown | -98.90% | -95.73% |
| Current Drawdown | -74.36% | -16.91% |
Correlation
The correlation between JAVA and SMH is 0.39, 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.
Performance
JAVA vs. SMH - Performance Comparison
In the year-to-date period, JAVA achieves a 14.50% return, which is significantly lower than SMH's 33.65% return. Over the past 10 years, JAVA has outperformed SMH with an annualized return of 93.18%, while SMH has yielded a comparatively lower 27.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
JAVA vs. SMH - Expense Ratio Comparison
JAVA has a 0.44% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
JAVA vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Value ETF (JAVA) 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
JAVA vs. SMH - Dividend Comparison
JAVA's dividend yield for the trailing twelve months is around 1.47%, more than SMH's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAVA JPMorgan Active Value ETF | 1.13% | 1.65% | 1.25% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.45% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
JAVA vs. SMH - Drawdown Comparison
The maximum JAVA drawdown since its inception was -98.90%, roughly equal to the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for JAVA and SMH. For additional features, visit the drawdowns tool.
Volatility
JAVA vs. SMH - Volatility Comparison
The current volatility for JPMorgan Active Value ETF (JAVA) is 2.89%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 12.62%. This indicates that JAVA 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.