LRNZ vs. SMH
Compare and contrast key facts about TrueShares Technology, AI & Deep Learning ETF (LRNZ) and VanEck Vectors Semiconductor ETF (SMH).
LRNZ and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LRNZ is an actively managed fund by TrueMark Investments. It was launched on Feb 28, 2020. 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: LRNZ or SMH.
Key characteristics
| LRNZ | SMH | |
|---|---|---|
| YTD Return | -5.08% | 18.86% |
| 1Y Return | 47.14% | 69.33% |
| 3Y Return (Ann) | -5.45% | 21.21% |
| Sharpe Ratio | 1.55 | 2.39 |
| Daily Std Dev | 27.85% | 28.42% |
| Max Drawdown | -61.38% | -95.73% |
| Current Drawdown | -34.20% | -11.24% |
Correlation
The correlation between LRNZ and SMH is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
LRNZ vs. SMH - Performance Comparison
In the year-to-date period, LRNZ achieves a -5.08% return, which is significantly lower than SMH's 18.86% 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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LRNZ vs. SMH - Expense Ratio Comparison
LRNZ has a 0.68% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
LRNZ vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Technology, AI & Deep Learning ETF (LRNZ) 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
LRNZ vs. SMH - Dividend Comparison
LRNZ has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.50%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LRNZ TrueShares Technology, AI & Deep Learning ETF | 0.00% | 0.00% | 0.00% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.50% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
LRNZ vs. SMH - Drawdown Comparison
The maximum LRNZ drawdown since its inception was -61.38%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for LRNZ and SMH. For additional features, visit the drawdowns tool.
Volatility
LRNZ vs. SMH - Volatility Comparison
The current volatility for TrueShares Technology, AI & Deep Learning ETF (LRNZ) is 7.59%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 9.75%. This indicates that LRNZ 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.