PNQI vs. SMH
Compare and contrast key facts about Invesco NASDAQ Internet ETF (PNQI) and VanEck Vectors Semiconductor ETF (SMH).
PNQI and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PNQI is a passively managed fund by Invesco that tracks the performance of the NASDAQ Internet Index. It was launched on Jun 12, 2008. 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 PNQI 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: PNQI or SMH.
Performance
PNQI vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, PNQI achieves a 28.47% return, which is significantly lower than SMH's 40.73% return. Over the past 10 years, PNQI has underperformed SMH with an annualized return of 12.99%, while SMH has yielded a comparatively higher 28.10% annualized return.
PNQI
28.47%
4.96%
17.52%
35.30%
11.49%
12.99%
SMH
40.73%
-2.22%
2.62%
52.72%
33.43%
28.10%
Key characteristics
| PNQI | SMH | |
|---|---|---|
| Sharpe Ratio | 2.13 | 1.52 |
| Sortino Ratio | 2.77 | 2.03 |
| Omega Ratio | 1.37 | 1.27 |
| Calmar Ratio | 1.05 | 2.11 |
| Martin Ratio | 13.40 | 5.65 |
| Ulcer Index | 2.76% | 9.27% |
| Daily Std Dev | 17.31% | 34.43% |
| Max Drawdown | -59.70% | -95.73% |
| Current Drawdown | -11.65% | -12.50% |
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PNQI vs. SMH - Expense Ratio Comparison
PNQI has a 0.62% expense ratio, which is higher than SMH's 0.35% expense ratio.
Correlation
The correlation between PNQI and SMH is 0.67, 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.
Risk-Adjusted Performance
PNQI vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Internet ETF (PNQI) 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
PNQI vs. SMH - Dividend Comparison
PNQI has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.42%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNQI Invesco NASDAQ Internet ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.42% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
PNQI vs. SMH - Drawdown Comparison
The maximum PNQI drawdown since its inception was -59.70%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for PNQI and SMH. For additional features, visit the drawdowns tool.
Volatility
PNQI vs. SMH - Volatility Comparison
The current volatility for Invesco NASDAQ Internet ETF (PNQI) is 4.48%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 8.43%. This indicates that PNQI 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.