RACK vs. SMHX

Last updated Jun 27, 2026

RACK (VanEck Data Center Supply Chain ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both exchange-traded funds - RACK is a Technology Equities fund tracking the MarketVector Data Center Supply Chain Index, while SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. RACK charges 0.50%/yr vs 0.35%/yr for SMHX.

Performance

RACK vs. SMHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Data Center Supply Chain ETF (RACK) and VanEck Fabless Semiconductor ETF (SMHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RACK

• 1D: -4.03%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMHX

• 1D: -3.46%
• 1M: -2.41%
• YTD: 57.17%
• 6M: 54.09%
• 1Y: 91.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RACK vs. SMHX - Yearly Performance Comparison

	2026 (YTD)
RACK VanEck Data Center Supply Chain ETF	-4.65%
SMHX VanEck Fabless Semiconductor ETF	-5.81%

Correlation

The correlation between RACK and SMHX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 2, 2026	0.91

Return for Risk

RACK vs. SMHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RACK

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

SMHX

SMHX Risk / Return Rank: 82
SMHX Sharpe Ratio Rank: 87
SMHX Sortino Ratio Rank: 73
SMHX Omega Ratio Rank: 74
SMHX Calmar Ratio Rank: 92
SMHX Martin Ratio Rank: 82

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.

RACK vs. SMHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Data Center Supply Chain ETF (RACK) 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.

	RACK	SMHX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.50	—
Sortino ratio: Return per unit of downside risk	—	2.89	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	5.39	—
Martin ratio: Return relative to average drawdown	—	14.25	—

Drawdowns

RACK vs. SMHX - Drawdown Comparison

The maximum RACK drawdown since its inception was -12.62%, smaller than the maximum SMHX drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for RACK and SMHX.

Drawdown Indicators

	RACK	SMHX	Difference
Max Drawdown Largest peak-to-trough decline	-12.62%	-38.53%	+25.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.06%	—
Current Drawdown Current decline from peak	-8.01%	-11.92%	+3.91%
Average Drawdown Average peak-to-trough decline	-4.71%	-7.36%	+2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.43%	—

Volatility

Volatility by Period

	RACK	SMHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	56.20%	36.76%	+19.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.20%	41.44%	+14.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.20%	41.44%	+14.76%

RACK vs. SMHX - Expense Ratio Comparison

RACK has a 0.50% expense ratio, which is higher than SMHX's 0.35% expense ratio.

Dividends

RACK vs. SMHX - Dividend Comparison

RACK has not paid dividends to shareholders, while SMHX's dividend yield for the trailing twelve months is around 0.02%.

Position	TTM	2025	2024
RACK VanEck Data Center Supply Chain ETF	0.00%	0.00%	0.00%
SMHX VanEck Fabless Semiconductor ETF	0.02%	0.02%	0.04%

Frequently Asked Questions

Can I hold both RACK and SMHX in my portfolio?

With a correlation of 0.91, RACK and SMHX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, RACK 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, RACK or SMHX?

SMHX is cheaper with a 0.35% expense ratio, compared with 0.50% for RACK.

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

SMHX has the higher dividend yield at 0.02%, compared with 0.00% for RACK.

What is the main difference between RACK and SMHX?

RACK is categorized as Technology Equities, while SMHX is Semiconductors. RACK tracks MarketVector Data Center Supply Chain Index, while SMHX tracks MarketVector™ US Listed Fabless Semiconductor Index. Their fees differ too: 0.50% for RACK and 0.35% for SMHX.