PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
MTRX.TO vs. SMH
Performance
Return for Risk
Dividends
Drawdowns
Volatility

MTRX.TO vs. SMH

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Artificial Intelligence Infrastructure Index ETF (MTRX.TO) and VanEck Semiconductor ETF (SMH).

MTRX.TO and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MTRX.TO is a passively managed fund by Global X that tracks the performance of the Mirae Asset AI Infrastructure CAD Index. It was launched on Feb 20, 2025. 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. Both MTRX.TO and SMH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MTRX.TO vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Artificial Intelligence Infrastructure Index ETF (MTRX.TO) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

MTRX.TO vs. SMH - Yearly Performance Comparison

2026 (YTD)2025
MTRX.TO
Global X Artificial Intelligence Infrastructure Index ETF		12.31%37.29%
SMH
VanEck Semiconductor ETF		7.90%35.70%
Different Trading Currencies

MTRX.TO is traded in CAD, while SMH is traded in USD. To make them comparable, the SMH values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MTRX.TO achieves a 12.31% return, which is significantly higher than SMH's 7.90% return.

MTRX.TO

1D
4.95%
1M
-7.80%
YTD
12.31%
6M
16.39%
1Y
76.89%
3Y*
—
5Y*
—
10Y*
—

SMH

1D
0.00%
1M
-4.04%
YTD
7.90%
6M
15.03%
1Y
75.99%
3Y*
44.84%
5Y*
28.21%
10Y*
32.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Artificial Intelligence Infrastructure Index ETF

VanEck Semiconductor ETF

Often compared with MTRX.TO:
MTRX.TO vs. CHPS.TOMTRX.TO vs. AIPOMTRX.TO vs. HBGD.TOMTRX.TO vs. CIAI.TOMTRX.TO vs. XCHP.TOMTRX.TO vs. QMAX.TOMTRX.TO vs. TECH.TO
Often compared with SMH:
SMH vs. SOXXSMH vs. QQQSMH vs. VGTSMH vs. FSELXSMH vs. SPYSMH vs. SMHXSMH vs. XLK

MTRX.TO vs. SMH - Expense Ratio Comparison

MTRX.TO has a 0.49% expense ratio, which is higher than SMH's 0.35% expense ratio.

MTRX.TO
Global X Artificial Intelligence Infrastructure Index ETF
SMH
VanEck Semiconductor ETF

Return for Risk

MTRX.TO vs. SMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MTRX.TO
MTRX.TO Risk / Return Rank: 9696
Overall Rank
MTRX.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
MTRX.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
MTRX.TO Omega Ratio Rank: 9595
Omega Ratio Rank
MTRX.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
MTRX.TO Martin Ratio Rank: 9595
Martin Ratio Rank
SMH
SMH Risk / Return Rank: 9595
Overall Rank
SMH Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
SMH Sortino Ratio Rank: 9393
Sortino Ratio Rank
SMH Omega Ratio Rank: 9292
Omega Ratio Rank
SMH Calmar Ratio Rank: 9797
Calmar Ratio Rank
SMH Martin Ratio Rank: 9797
Martin Ratio Rank
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.

MTRX.TO vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence Infrastructure Index ETF (MTRX.TO) 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.

MTRX.TOSMHDifference

Sharpe ratio

Return per unit of total volatility

2.54

2.09

+0.45

Sortino ratio

Return per unit of downside risk

3.44

2.65

+0.78

Omega ratio

Gain probability vs. loss probability

1.48

1.38

+0.10

Calmar ratio

Return relative to maximum drawdown

4.37

4.81

-0.44

Martin ratio

Return relative to average drawdown

14.98

16.45

-1.47

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTRX.TO vs. SMH - Sharpe Ratio Comparison

The current MTRX.TO Sharpe Ratio is 2.54, which is comparable to the SMH Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of MTRX.TO and SMH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

MTRX.TOSMHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.54

2.09

+0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.86

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.05

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.52

1.00

+0.53

Correlation

The correlation between MTRX.TO and SMH is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MTRX.TO vs. SMH - Dividend Comparison

MTRX.TO's dividend yield for the trailing twelve months is around 0.03%, less than SMH's 0.28% yield.

TTM20252024202320222021202020192018201720162015
MTRX.TO
Global X Artificial Intelligence Infrastructure Index ETF		0.03%0.04%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SMH
VanEck Semiconductor ETF		0.28%0.31%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%

Drawdowns

MTRX.TO vs. SMH - Drawdown Comparison

The maximum MTRX.TO drawdown since its inception was -19.75%, smaller than the maximum SMH drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for MTRX.TO and SMH.

Loading graphics...

Drawdown Indicators

MTRX.TOSMHDifference

Max Drawdown

Largest peak-to-trough decline

-19.75%

-84.96%

+65.21%

Max Drawdown (1Y)

Largest decline over 1 year

-14.79%

-15.95%

+1.16%

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

-9.93%

-8.02%

-1.91%

Average Drawdown

Average peak-to-trough decline

-4.35%

-41.35%

+37.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.31%

4.47%

-0.16%

Volatility

MTRX.TO vs. SMH - Volatility Comparison

Global X Artificial Intelligence Infrastructure Index ETF (MTRX.TO) has a higher volatility of 13.44% compared to VanEck Semiconductor ETF (SMH) at 11.53%. This indicates that MTRX.TO's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

MTRX.TOSMHDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.44%

11.53%

+1.91%

Volatility (6M)

Calculated over the trailing 6-month period

22.35%

23.83%

-1.48%

Volatility (1Y)

Calculated over the trailing 1-year period

31.32%

36.59%

-5.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.59%

33.07%

-1.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.59%

30.78%

+0.81%