MPSTX vs. SMH
Compare and contrast key facts about BNY Mellon National Short Term Municipal Bond Fund (MPSTX) and VanEck Vectors Semiconductor ETF (SMH).
MPSTX is managed by BNY Mellon. It was launched on Oct 1, 2000. 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: MPSTX or SMH.
Correlation
The correlation between MPSTX and SMH is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MPSTX vs. SMH - Performance Comparison
Key characteristics
MPSTX:
2.55
SMH:
0.78
MPSTX:
4.25
SMH:
1.22
MPSTX:
1.69
SMH:
1.16
MPSTX:
4.33
SMH:
1.14
MPSTX:
12.17
SMH:
2.62
MPSTX:
0.28%
SMH:
10.81%
MPSTX:
1.34%
SMH:
36.15%
MPSTX:
-5.15%
SMH:
-83.29%
MPSTX:
-0.08%
SMH:
-7.94%
Returns By Period
In the year-to-date period, MPSTX achieves a 0.55% return, which is significantly lower than SMH's 6.45% return. Over the past 10 years, MPSTX has underperformed SMH with an annualized return of 1.15%, while SMH has yielded a comparatively higher 26.26% annualized return.
MPSTX
0.55%
0.47%
1.21%
3.40%
1.14%
1.15%
SMH
6.45%
-1.75%
6.82%
31.77%
29.79%
26.26%
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MPSTX vs. SMH - Expense Ratio Comparison
MPSTX has a 0.44% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
MPSTX vs. SMH — Risk-Adjusted Performance Rank
MPSTX
SMH
MPSTX vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon National Short Term Municipal Bond Fund (MPSTX) 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
MPSTX vs. SMH - Dividend Comparison
MPSTX's dividend yield for the trailing twelve months is around 2.45%, more than SMH's 0.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPSTX BNY Mellon National Short Term Municipal Bond Fund | 2.45% | 2.37% | 1.72% | 1.19% | 1.08% | 1.21% | 1.41% | 1.24% | 1.00% | 0.84% | 0.94% | 0.75% |
SMH VanEck Vectors Semiconductor ETF | 0.42% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% | 1.16% |
Drawdowns
MPSTX vs. SMH - Drawdown Comparison
The maximum MPSTX drawdown since its inception was -5.15%, smaller than the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for MPSTX and SMH. For additional features, visit the drawdowns tool.
Volatility
MPSTX vs. SMH - Volatility Comparison
The current volatility for BNY Mellon National Short Term Municipal Bond Fund (MPSTX) is 0.34%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 12.33%. This indicates that MPSTX 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.