MPSTX vs. SMH

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon National Short Term Municipal Bond Fund (MPSTX) and VanEck 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.

Performance

MPSTX vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon National Short Term Municipal Bond Fund (MPSTX) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

MPSTX vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPSTX BNY Mellon National Short Term Municipal Bond Fund	100.63%	4.68%	2.87%	3.22%	-2.83%	0.06%	1.94%	3.05%	1.25%	1.23%
SMH VanEck Semiconductor ETF	6.46%	49.17%	39.10%	73.38%	-33.53%	42.13%	55.53%	64.45%	-9.05%	38.48%

Returns By Period

MPSTX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMH

• 1D: 5.76%
• 1M: -5.65%
• YTD: 6.46%
• 6M: 17.84%
• 1Y: 81.87%
• 3Y*: 43.47%
• 5Y*: 25.59%
• 10Y*: 31.28%

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

MPSTX vs. SMH - Expense Ratio Comparison

MPSTX has a 0.44% expense ratio, which is higher than SMH's 0.35% expense ratio.

MPSTX

BNY Mellon National Short Term Municipal Bond Fund

SMH

VanEck Semiconductor ETF

Return for Risk

MPSTX vs. SMH — Risk / Return Rank

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

SMH

SMH Risk / Return Rank: 95
SMH Sharpe Ratio Rank: 94
SMH Sortino Ratio Rank: 94
SMH Omega Ratio Rank: 93
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 97

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.

MPSTX vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon National Short Term Municipal Bond Fund (MPSTX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MPSTX	SMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.23	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.28	—

Correlation

The correlation between MPSTX and SMH is -0.03. 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.

Dividends

MPSTX vs. SMH - Dividend Comparison

MPSTX's dividend yield for the trailing twelve months is around 1.13%, more than SMH's 0.29% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPSTX BNY Mellon National Short Term Municipal Bond Fund	1.13%	3.53%	2.43%	1.39%	1.02%	0.91%	1.22%	1.67%	1.24%	0.99%	0.91%	0.92%
SMH VanEck Semiconductor ETF	0.29%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%

Drawdowns

Drawdown Indicators

	MPSTX	SMH	Difference
Max Drawdown Largest peak-to-trough decline	—	-84.96%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.95%	—
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	—	-10.03%	—
Average Drawdown Average peak-to-trough decline	—	-41.36%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.44%	—

Volatility

Volatility by Period

	MPSTX	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	36.84%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	34.71%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	32.28%	—