MUYY vs. SMH

Last updated Aug 2, 2026

MUYY (GraniteShares YieldBOOST MU ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - MUYY is a Derivative Income fund actively managed by GraniteShares, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. MUYY is actively managed, while SMH is passively managed. Their 0.73 correlation means they have sometimes moved together and sometimes differently. MUYY charges 1.07%/yr vs 0.35%/yr for SMH.

Performance

MUYY vs. SMH - Performance Comparison

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

Returns By Period

MUYY

• 1D: -0.60%
• 1M: -6.64%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SMH

• 1D: 0.30%
• 1M: -8.74%
• 6M: 33.97%
• YTD: 50.09%
• 1Y: 90.95%
• 3Y*: 50.56%
• 5Y*: 33.46%
• 10Y*: 34.16%
• ALL TIME*: 11.06%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MUYY GraniteShares YieldBOOST MU ETF	$880.44K	$1.49M	$1.48M
SMH VanEck Semiconductor ETF	$8.28B	$7.64B	$7.07B

MUYY vs. SMH - Yearly Performance Comparison

	2026 (YTD)
MUYY GraniteShares YieldBOOST MU ETF	5.44%
SMH VanEck Semiconductor ETF	21.92%

Correlation

The correlation between MUYY and SMH is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 14, 2026	0.73

Return for Risk

MUYY vs. SMH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MUYY

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

SMH

SMH Risk / Return Rank: 87
SMH Sharpe Ratio Rank: 91
SMH Sortino Ratio Rank: 83
SMH Omega Ratio Rank: 84
SMH Calmar Ratio Rank: 88
SMH Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MUYY vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST MU ETF (MUYY) 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.

	MUYY	SMH	Difference
Sharpe ratio: Return per unit of total volatility	—	2.29	—
Sortino ratio: Return per unit of downside risk	—	2.70	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	3.58	—
Martin ratio: Return relative to average drawdown	—	14.64	—

Drawdowns

MUYY vs. SMH - Drawdown Comparison

The maximum MUYY drawdown since its inception was -10.76%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for MUYY and SMH.

Drawdown Indicators

	MUYY	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-10.76%	-84.96%	+74.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.62%	—
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	-10.17%	-19.19%	+9.02%
Average Drawdown Average peak-to-trough decline	-2.78%	-40.89%	+38.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.01%	—

Volatility

Volatility by Period

	MUYY	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.01%	38.57%	-19.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.01%	36.50%	-17.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.01%	33.32%	-14.31%

MUYY vs. SMH - Expense Ratio Comparison

MUYY has a 1.07% expense ratio, which is higher than SMH's 0.35% expense ratio.

Dividends

MUYY vs. SMH - Dividend Comparison

MUYY's dividend yield for the trailing twelve months is around 35.77%, more than SMH's 0.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MUYY GraniteShares YieldBOOST MU ETF	35.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SMH VanEck Semiconductor ETF	0.20%	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 MUYY and SMH in my portfolio?

MUYY and SMH have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MUYY or SMH?

On fees, SMH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MUYY or SMH?

SMH is cheaper with a 0.35% expense ratio, compared with 1.07% for MUYY.

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

MUYY has the higher dividend yield at 35.77%, compared with 0.20% for SMH.

What is the main difference between MUYY and SMH?

MUYY is categorized as Derivative Income, while SMH is Semiconductors. They also come from different issuers: GraniteShares and VanEck. Their fees differ too: 1.07% for MUYY and 0.35% for SMH.