SEMI vs. HYSD

Last updated Aug 2, 2026

SEMI (Columbia Select Technology ETF) and HYSD (Columbia Short Duration High Yield ETF) are both exchange-traded funds - SEMI is a Semiconductors fund actively managed by Columbia, while HYSD is a High Yield Bonds fund actively managed by Columbia. Both are actively managed. Over the past year, SEMI returned 36.55% vs 5.07% for HYSD. Their 0.51 correlation means they have sometimes moved together and sometimes differently. SEMI charges 0.75%/yr vs 0.44%/yr for HYSD.

Performance

SEMI vs. HYSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Select Technology ETF (SEMI) and Columbia Short Duration High Yield ETF (HYSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEMI achieves a 20.82% return, which is significantly higher than HYSD's 1.90% return.

SEMI

• 1D: 1.20%
• 1M: -2.42%
• 6M: 17.71%
• YTD: 20.82%
• 1Y: 36.55%
• 3Y*: 22.20%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.42%

HYSD

• 1D: 0.05%
• 1M: -0.32%
• 6M: 1.42%
• YTD: 1.90%
• 1Y: 5.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HYSD Columbia Short Duration High Yield ETF	$178.36K	$174.11K	$125.44K
SEMI Columbia Select Technology ETF	$400.16K	$369.67K	$553.99K

SEMI vs. HYSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SEMI Columbia Select Technology ETF	20.82%	24.91%	8.22%
HYSD Columbia Short Duration High Yield ETF	1.90%	7.74%	0.94%

Correlation

The correlation between SEMI and HYSD is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.51

The correlation between SEMI and HYSD has been stable across timeframes, ranging from 0.51 to 0.53 - a consistent structural relationship.

Return for Risk

SEMI vs. HYSD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SEMI

SEMI Risk / Return Rank: 54
SEMI Sharpe Ratio Rank: 51
SEMI Sortino Ratio Rank: 49
SEMI Omega Ratio Rank: 48
SEMI Calmar Ratio Rank: 63
SEMI Martin Ratio Rank: 60

HYSD

HYSD Risk / Return Rank: 86
HYSD Sharpe Ratio Rank: 80
HYSD Sortino Ratio Rank: 86
HYSD Omega Ratio Rank: 85
HYSD Calmar Ratio Rank: 88
HYSD Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SEMI vs. HYSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Select Technology ETF (SEMI) and Columbia Short Duration High Yield ETF (HYSD). 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.

	SEMI	HYSD	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.85	-0.62
Sortino ratio: Return per unit of downside risk	1.73	2.89	-1.16
Omega ratio: Gain probability vs. loss probability	1.22	1.37	-0.15
Calmar ratio: Return relative to maximum drawdown	2.21	3.54	-1.34
Martin ratio: Return relative to average drawdown	7.18	15.12	-7.94

SEMI vs. HYSD - Sharpe Ratio Comparison

The current SEMI Sharpe Ratio is 1.23, which is lower than the HYSD Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of SEMI and HYSD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SEMI vs. HYSD - Drawdown Comparison

The maximum SEMI drawdown since its inception was -33.46%, which is greater than HYSD's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for SEMI and HYSD.

Drawdown Indicators

	SEMI	HYSD	Difference
Max Drawdown Largest peak-to-trough decline	-33.46%	-2.69%	-30.77%
Max Drawdown (1Y) Largest decline over 1 year	-15.42%	-1.46%	-13.96%
Max Drawdown (3Y) Largest decline over 3 years	-32.93%	—	—
Current Drawdown Current decline from peak	-9.11%	-0.47%	-8.64%
Average Drawdown Average peak-to-trough decline	-9.79%	-0.25%	-9.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	0.34%	+4.39%

Volatility

SEMI vs. HYSD - Volatility Comparison

Columbia Select Technology ETF (SEMI) has a higher volatility of 11.21% compared to Columbia Short Duration High Yield ETF (HYSD) at 0.46%. This indicates that SEMI's price experiences larger fluctuations and is considered to be riskier than HYSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEMI	HYSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.21%	0.46%	+10.75%
Volatility (6M) Calculated over the trailing 6-month period	23.51%	2.23%	+21.28%
Volatility (1Y) Calculated over the trailing 1-year period	27.60%	2.79%	+24.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.11%	3.42%	+28.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.11%	3.42%	+28.69%

SEMI vs. HYSD - Expense Ratio Comparison

SEMI has a 0.75% expense ratio, which is higher than HYSD's 0.44% expense ratio.

Dividends

SEMI vs. HYSD - Dividend Comparison

SEMI's dividend yield for the trailing twelve months is around 3.71%, less than HYSD's 5.84% yield.

Position	TTM	2025	2024	2023	2022
HYSD Columbia Short Duration High Yield ETF	5.35%	5.60%	1.82%	0.00%	0.00%
SEMI Columbia Select Technology ETF	3.71%	4.48%	0.96%	0.87%	0.67%

Frequently Asked Questions

Can I hold both SEMI and HYSD in my portfolio?

SEMI and HYSD have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEMI or HYSD?

SEMI has higher volatility (11.21%) compared to HYSD (0.46%). In terms of maximum drawdown, SEMI dropped -33.46% vs HYSD's -2.69%.

Which ETF is better, SEMI or HYSD?

On 1-year performance, SEMI leads with 36.55% vs 5.07% for HYSD. On fees, HYSD is cheaper at 0.44% per year. On volatility, HYSD has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEMI or HYSD?

Over the 1-year period, SEMI has performed better with a 36.55% return vs 5.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEMI or HYSD?

HYSD is cheaper with a 0.44% expense ratio, compared with 0.75% for SEMI.

Which ETF pays a higher dividend yield, SEMI or HYSD?

HYSD has the higher dividend yield at 5.35%, compared with 3.71% for SEMI.

What is the main difference between SEMI and HYSD?

SEMI is categorized as Semiconductors, while HYSD is High Yield Bonds. Their fees differ too: 0.75% for SEMI and 0.44% for HYSD.

Which has better risk-adjusted returns?

HYSD currently has the higher Sharpe Ratio (1.85 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.