ROBO.L vs. SMH.L
ROBO.L (L&G ROBO Global Robotics and Automation UCITS ETF) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - ROBO.L is a Technology Equities fund tracking the L&G ROBO Global Robotics and Automation 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, ROBO.L returned 4.93%/yr vs 35.65%/yr for SMH.L. A 0.77 correlation means they provide meaningful diversification when combined. ROBO.L charges 0.80%/yr vs 0.35%/yr for SMH.L.
Performance
ROBO.L vs. SMH.L - Performance Comparison
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Returns By Period
In the year-to-date period, ROBO.L achieves a 15.43% return, which is significantly lower than SMH.L's 76.50% return.
ROBO.L
- 1D
- -0.77%
- 1M
- -5.90%
- 6M
- 9.24%
- YTD
- 15.43%
- 1Y
- 33.11%
- 3Y*
- 11.17%
- 5Y*
- 4.93%
- 10Y*
- 12.58%
SMH.L
- 1D
- -3.48%
- 1M
- -8.87%
- 6M
- 62.90%
- YTD
- 76.50%
- 1Y
- 124.23%
- 3Y*
- 54.24%
- 5Y*
- 35.65%
- 10Y*
- —
ROBO.L vs. SMH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ROBO.L L&G ROBO Global Robotics and Automation UCITS ETF | 15.43% | 23.22% | -1.60% | 25.20% | -33.80% | 15.65% | 9.13% |
SMH.L VanEck Semiconductor UCITS ETF | 76.50% | 49.20% | 24.11% | 75.94% | -35.54% | 42.75% | 4.36% |
Correlation
The correlation between ROBO.L and SMH.L is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.77 |
The correlation between ROBO.L and SMH.L has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
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Return for Risk
ROBO.L vs. SMH.L — Risk / Return Rank
ROBO.L
SMH.L
ROBO.L vs. SMH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ROBO Global Robotics and Automation UCITS ETF (ROBO.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.
| ROBO.L | SMH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.47 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 8.88 | -6.82 |
| Martin ratioReturn relative to average drawdown | 6.79 | 27.77 | -20.98 |
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Drawdowns
ROBO.L vs. SMH.L - Drawdown Comparison
The maximum ROBO.L drawdown since its inception was -42.74%, smaller than the maximum SMH.L drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for ROBO.L and SMH.L.
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Drawdown Indicators
| ROBO.L | SMH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.74% | -45.38% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.23% | -13.91% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -28.70% | -36.25% | +7.55% |
Max Drawdown (5Y)Largest decline over 5 years | -42.74% | -45.38% | +2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -42.74% | — | — |
Current DrawdownCurrent decline from peak | -11.09% | -11.91% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -13.17% | -11.12% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 4.46% | +0.48% |
Volatility
ROBO.L vs. SMH.L - Volatility Comparison
The current volatility for L&G ROBO Global Robotics and Automation UCITS ETF (ROBO.L) is 9.56%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 16.26%. This indicates that ROBO.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
| ROBO.L | SMH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.56% | 16.26% | -6.70% |
Volatility (6M)Calculated over the trailing 6-month period | 22.02% | 30.80% | -8.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.19% | 36.96% | -10.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.18% | 33.56% | -9.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.43% | 32.93% | -10.50% |
ROBO.L vs. SMH.L - Expense Ratio Comparison
ROBO.L has a 0.80% expense ratio, which is higher than SMH.L's 0.35% expense ratio.
Dividends
ROBO.L vs. SMH.L - Dividend Comparison
Neither ROBO.L nor SMH.L has paid dividends to shareholders.
Frequently Asked Questions
ROBO.L and SMH.L 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.
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 0.80% for ROBO.L.
ROBO.L is categorized as Technology Equities, while SMH.L is Semiconductors. ROBO.L tracks L&G ROBO Global Robotics and Automation UCITS ETF, while SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: L&G and VanEck. Their fees differ too: 0.80% for ROBO.L and 0.35% for SMH.L.
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