MUYY vs. SMHX

Last updated Jul 17, 2026

MUYY (GraniteShares YieldBOOST MU ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both exchange-traded funds - MUYY is a Derivative Income fund actively managed by GraniteShares, while SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. MUYY is actively managed, while SMHX is passively managed. A 0.59 correlation means they provide meaningful diversification when combined. MUYY charges 1.07%/yr vs 0.35%/yr for SMHX.

Performance

MUYY vs. SMHX - Performance Comparison

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

Returns By Period

MUYY

• 1D: -2.11%
• 1M: -7.34%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMHX

• 1D: -4.39%
• 1M: -9.38%
• 6M: 43.30%
• YTD: 48.21%
• 1Y: 75.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MUYY vs. SMHX - Yearly Performance Comparison

	2026 (YTD)
MUYY GraniteShares YieldBOOST MU ETF	6.00%
SMHX VanEck Fabless Semiconductor ETF	30.41%

Correlation

The correlation between MUYY and SMHX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 14, 2026	0.59

Return for Risk

MUYY vs. SMHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

SMHX

SMHX Risk / Return Rank: 74
SMHX Sharpe Ratio Rank: 77
SMHX Sortino Ratio Rank: 65
SMHX Omega Ratio Rank: 65
SMHX Calmar Ratio Rank: 90
SMHX Martin Ratio Rank: 74

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.

MUYY vs. SMHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST MU ETF (MUYY) and VanEck Fabless Semiconductor ETF (SMHX). 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	SMHX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.96	—
Sortino ratio: Return per unit of downside risk	—	2.40	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	4.43	—
Martin ratio: Return relative to average drawdown	—	10.82	—

Drawdowns

MUYY vs. SMHX - Drawdown Comparison

The maximum MUYY drawdown since its inception was -9.70%, smaller than the maximum SMHX drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for MUYY and SMHX.

Drawdown Indicators

	MUYY	SMHX	Difference
Max Drawdown Largest peak-to-trough decline	-9.70%	-38.53%	+28.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.06%	—
Current Drawdown Current decline from peak	-9.70%	-16.94%	+7.24%
Average Drawdown Average peak-to-trough decline	-1.69%	-7.47%	+5.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.97%	—

Volatility

Volatility by Period

	MUYY	SMHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.48%	38.47%	-18.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.48%	41.83%	-22.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.48%	41.83%	-22.35%

MUYY vs. SMHX - Expense Ratio Comparison

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

Dividends

MUYY vs. SMHX - Dividend Comparison

MUYY's dividend yield for the trailing twelve months is around 29.24%, more than SMHX's 0.02% yield.

Position	TTM	2025	2024
MUYY GraniteShares YieldBOOST MU ETF	29.24%	0.00%	0.00%
SMHX VanEck Fabless Semiconductor ETF	0.02%	0.02%	0.04%

Frequently Asked Questions

Can I hold both MUYY and SMHX in my portfolio?

MUYY and SMHX have a correlation of 0.59, 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 SMHX?

On fees, SMHX 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 SMHX?

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

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

MUYY has the higher dividend yield at 29.24%, compared with 0.02% for SMHX.

What is the main difference between MUYY and SMHX?

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