METW vs. SMH

Last updated Jul 11, 2026

METW (Roundhill Meta Weeklypay ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - METW is a Technology Equities fund tracking the Ball Metaverse Index, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Over the past year, METW returned -13.81% vs 113.18% for SMH. At a 0.32 correlation, their price movements are largely independent. METW charges 0.59%/yr vs 0.35%/yr for SMH.

Performance

METW vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meta Weeklypay ETF (METW) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METW achieves a -1.13% return, which is significantly lower than SMH's 69.67% return.

METW

• 1D: 7.05%
• 1M: 20.64%
• 6M: 0.20%
• YTD: -1.13%
• 1Y: -13.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMH

• 1D: 0.54%
• 1M: 7.03%
• 6M: 56.99%
• YTD: 69.67%
• 1Y: 113.18%
• 3Y*: 59.96%
• 5Y*: 37.42%
• 10Y*: 36.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

METW vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-1.13%	-9.14%
SMH VanEck Semiconductor ETF	69.67%	38.10%

Correlation

The correlation between METW and SMH is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.32

METW vs. SMH - Sectors Allocation Comparison

Sectors	METW	SMH
Communication Services	23.8%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

METW vs. SMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

METW

METW Risk / Return Rank: 7
METW Sharpe Ratio Rank: 6
METW Sortino Ratio Rank: 7
METW Omega Ratio Rank: 7
METW Calmar Ratio Rank: 6
METW Martin Ratio Rank: 6

SMH

SMH Risk / Return Rank: 94
SMH Sharpe Ratio Rank: 95
SMH Sortino Ratio Rank: 90
SMH Omega Ratio Rank: 91
SMH Calmar Ratio Rank: 96
SMH Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

METW vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meta Weeklypay ETF (METW) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	METW	SMH	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	3.13	-3.43
Sortino ratio: Return per unit of downside risk	-0.14	3.35	-3.50
Omega ratio: Gain probability vs. loss probability	0.98	1.47	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.34	7.62	-7.97
Martin ratio: Return relative to average drawdown	-0.62	25.13	-25.75

METW vs. SMH - Sharpe Ratio Comparison

The current METW Sharpe Ratio is -0.30, which is lower than the SMH Sharpe Ratio of 3.13. The chart below compares the historical Sharpe Ratios of METW and SMH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

METW vs. SMH - Drawdown Comparison

The maximum METW drawdown since its inception was -40.52%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for METW and SMH.

Drawdown Indicators

	METW	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-40.52%	-84.96%	+44.44%
Max Drawdown (1Y) Largest decline over 1 year	-40.52%	-14.93%	-25.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-35.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.30%	—
Current Drawdown Current decline from peak	-21.55%	-8.65%	-12.90%
Average Drawdown Average peak-to-trough decline	-18.72%	-40.95%	+22.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.25%	4.52%	+17.73%

Volatility

METW vs. SMH - Volatility Comparison

Roundhill Meta Weeklypay ETF (METW) and VanEck Semiconductor ETF (SMH) have volatilities of 18.99% and 18.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METW	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.99%	18.27%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	36.97%	31.01%	+5.96%
Volatility (1Y) Calculated over the trailing 1-year period	45.79%	36.41%	+9.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.06%	36.12%	+8.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.06%	33.10%	+11.96%

METW vs. SMH - Expense Ratio Comparison

METW has a 0.59% expense ratio, which is higher than SMH's 0.35% expense ratio.

Dividends

METW vs. SMH - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 53.02%, more than SMH's 0.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
METW Roundhill Meta Weeklypay ETF	53.02%	30.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SMH VanEck Semiconductor ETF	0.18%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%

Frequently Asked Questions

Can I hold both METW and SMH in my portfolio?

METW and SMH have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, METW or SMH?

METW has higher volatility (18.99%) compared to SMH (18.27%). In terms of maximum drawdown, METW dropped -40.52% vs SMH's -84.96%.

Which ETF is better, METW or SMH?

On 1-year performance, SMH leads with 113.18% vs -13.81% for METW. On fees, SMH is cheaper at 0.35% per year. On volatility, SMH has been the lower-risk option at 18.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METW or SMH?

Over the 1-year period, SMH has performed better with a 113.18% return vs -13.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METW or SMH?

SMH is cheaper with a 0.35% expense ratio, compared with 0.59% for METW.

Which ETF pays a higher dividend yield, METW or SMH?

METW has the higher dividend yield at 53.02%, compared with 0.18% for SMH.

What is the main difference between METW and SMH?

METW is categorized as Technology Equities, while SMH is Semiconductors. METW tracks Ball Metaverse Index, while SMH tracks MVIS US Listed Semiconductor 25 Index. They also come from different issuers: Roundhill and VanEck. Their fees differ too: 0.59% for METW and 0.35% for SMH.

Which has better risk-adjusted returns?

SMH currently has the higher Sharpe Ratio (3.13 vs -0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.