RBOT.L vs. SMH.L
RBOT.L (iShares Automation & Robotics UCITS ETF) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - RBOT.L is a Technology Equities fund tracking the iShares Automation & Robotics UCITS ETF, while SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past 5 years, RBOT.L returned 9.32%/yr vs 35.65%/yr for SMH.L. Their correlation of 0.85 suggests significant overlap in exposure. RBOT.L charges 0.40%/yr vs 0.35%/yr for SMH.L.
Performance
RBOT.L vs. SMH.L - Performance Comparison
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Returns By Period
In the year-to-date period, RBOT.L achieves a 23.01% return, which is significantly lower than SMH.L's 76.50% return.
RBOT.L
- 1D
- -1.11%
- 1M
- -6.58%
- 6M
- 17.95%
- YTD
- 23.01%
- 1Y
- 31.64%
- 3Y*
- 17.77%
- 5Y*
- 9.32%
- 10Y*
- —
SMH.L
- 1D
- -3.48%
- 1M
- -8.87%
- 6M
- 62.90%
- YTD
- 76.50%
- 1Y
- 124.23%
- 3Y*
- 54.24%
- 5Y*
- 35.65%
- 10Y*
- —
RBOT.L vs. SMH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RBOT.L iShares Automation & Robotics UCITS ETF | 23.01% | 17.58% | 5.55% | 39.74% | -34.43% | 20.69% | 7.21% |
SMH.L VanEck Semiconductor UCITS ETF | 76.50% | 49.20% | 24.11% | 75.94% | -35.54% | 42.75% | 4.36% |
Correlation
The correlation between RBOT.L and SMH.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.85 |
The correlation between RBOT.L and SMH.L has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
RBOT.L vs. SMH.L — Risk / Return Rank
RBOT.L
SMH.L
RBOT.L vs. SMH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Automation & Robotics UCITS ETF (RBOT.L) and VanEck Semiconductor UCITS ETF (SMH.L). 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.
| RBOT.L | SMH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.47 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 8.88 | -6.72 |
| Martin ratioReturn relative to average drawdown | 6.96 | 27.77 | -20.81 |
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Drawdowns
RBOT.L vs. SMH.L - Drawdown Comparison
The maximum RBOT.L drawdown since its inception was -44.55%, roughly equal to the maximum SMH.L drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for RBOT.L and SMH.L.
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Drawdown Indicators
| RBOT.L | SMH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.55% | -45.38% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -15.07% | -13.91% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -25.12% | -36.25% | +11.13% |
Max Drawdown (5Y)Largest decline over 5 years | -44.55% | -45.38% | +0.83% |
Current DrawdownCurrent decline from peak | -8.42% | -11.91% | +3.49% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -11.12% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 4.46% | +0.23% |
Volatility
RBOT.L vs. SMH.L - Volatility Comparison
The current volatility for iShares Automation & Robotics UCITS ETF (RBOT.L) is 10.24%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 16.26%. This indicates that RBOT.L experiences smaller price fluctuations and is considered to be less risky than SMH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RBOT.L | SMH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.24% | 16.26% | -6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 21.69% | 30.80% | -9.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.38% | 36.96% | -11.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.35% | 33.56% | -9.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.84% | 32.93% | -10.09% |
RBOT.L vs. SMH.L - Expense Ratio Comparison
RBOT.L has a 0.40% expense ratio, which is higher than SMH.L's 0.35% expense ratio.
Dividends
RBOT.L vs. SMH.L - Dividend Comparison
Neither RBOT.L nor SMH.L has paid dividends to shareholders.
Frequently Asked Questions
RBOT.L and SMH.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMH.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMH.L is cheaper with a 0.35% expense ratio, compared with 0.40% for RBOT.L.
RBOT.L is categorized as Technology Equities, while SMH.L is Semiconductors. RBOT.L tracks iShares Automation & Robotics UCITS ETF, while SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.40% for RBOT.L and 0.35% for SMH.L.
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