MTUL vs. SMH
Compare and contrast key facts about ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) and VanEck Vectors Semiconductor ETF (SMH).
MTUL and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MTUL is a passively managed fund by UBS that tracks the performance of the MSCI USA Momentum Index. It was launched on Feb 5, 2021. 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 MTUL 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MTUL or SMH.
Correlation
The correlation between MTUL and SMH is 0.75, 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
MTUL vs. SMH - Performance Comparison
Key characteristics
MTUL:
1.28
SMH:
0.74
MTUL:
1.79
SMH:
1.16
MTUL:
1.24
SMH:
1.15
MTUL:
1.64
SMH:
1.07
MTUL:
6.80
SMH:
2.46
MTUL:
7.30%
SMH:
10.79%
MTUL:
38.96%
SMH:
36.29%
MTUL:
-56.83%
SMH:
-83.29%
MTUL:
0.00%
SMH:
-8.50%
Returns By Period
In the year-to-date period, MTUL achieves a 19.96% return, which is significantly higher than SMH's 5.80% return.
MTUL
19.96%
10.71%
29.21%
51.93%
N/A
N/A
SMH
5.80%
-0.79%
3.75%
27.56%
28.88%
26.10%
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MTUL vs. SMH - Expense Ratio Comparison
MTUL has a 0.95% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
MTUL vs. SMH — Risk-Adjusted Performance Rank
MTUL
SMH
MTUL vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) 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
MTUL vs. SMH - Dividend Comparison
MTUL has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.42%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTUL ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
MTUL vs. SMH - Drawdown Comparison
The maximum MTUL drawdown since its inception was -56.83%, smaller than the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for MTUL and SMH. For additional features, visit the drawdowns tool.
Volatility
MTUL vs. SMH - Volatility Comparison
The current volatility for ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) is 10.45%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 12.66%. This indicates that MTUL 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.