SEMI vs. NJNK

Last updated Jun 3, 2026

SEMI (Columbia Select Technology ETF) and NJNK (Columbia U.S. High Yield ETF) are both exchange-traded funds - SEMI is a Semiconductors fund actively managed by Columbia, while NJNK is a High Yield Bonds fund actively managed by Columbia. Both are actively managed. Over the past year, SEMI returned 67.04% vs 7.51% for NJNK. A 0.51 correlation means they provide meaningful diversification when combined. SEMI charges 0.75%/yr vs 0.46%/yr for NJNK.

Performance

SEMI vs. NJNK - Performance Comparison

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

Returns By Period

In the year-to-date period, SEMI achieves a 32.72% return, which is significantly higher than NJNK's 1.64% return.

SEMI

• 1D: 1.77%
• 1M: 16.66%
• YTD: 32.72%
• 6M: 31.75%
• 1Y: 67.04%
• 3Y*: 30.48%
• 5Y*: —
• 10Y*: —

NJNK

• 1D: 0.11%
• 1M: 0.70%
• YTD: 1.64%
• 6M: 2.34%
• 1Y: 7.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SEMI vs. NJNK - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SEMI Columbia Select Technology ETF	32.72%	24.91%	9.37%
NJNK Columbia U.S. High Yield ETF	1.64%	9.03%	0.62%

Correlation

The correlation between SEMI and NJNK is 0.51, 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	0.51
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.51

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

Return for Risk

SEMI vs. NJNK — Risk / Return Rank

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

SEMI

SEMI Risk / Return Rank: 84
SEMI Sharpe Ratio Rank: 89
SEMI Sortino Ratio Rank: 81
SEMI Omega Ratio Rank: 80
SEMI Calmar Ratio Rank: 86
SEMI Martin Ratio Rank: 85

NJNK

NJNK Risk / Return Rank: 59
NJNK Sharpe Ratio Rank: 54
NJNK Sortino Ratio Rank: 60
NJNK Omega Ratio Rank: 59
NJNK Calmar Ratio Rank: 56
NJNK Martin Ratio Rank: 64

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.

SEMI vs. NJNK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Select Technology ETF (SEMI) and Columbia U.S. High Yield ETF (NJNK). 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.

	SEMI	NJNK	Difference
Sharpe ratio Return per unit of total volatility	3.05	1.89	+1.15
Sortino ratio Return per unit of downside risk	3.69	2.88	+0.81
Omega ratio Gain probability vs. loss probability	1.49	1.36	+0.12
Calmar ratio Return relative to maximum drawdown	4.77	2.84	+1.93
Martin ratio Return relative to average drawdown	17.95	11.85	+6.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEMI vs. NJNK - Sharpe Ratio Comparison

The current SEMI Sharpe Ratio is 3.05, which is higher than the NJNK Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of SEMI and NJNK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SEMI	NJNK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.05	1.89	+1.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.36	-0.70

Drawdowns

SEMI vs. NJNK - Drawdown Comparison

The maximum SEMI drawdown since its inception was -32.93%, which is greater than NJNK's maximum drawdown of -4.48%. Use the drawdown chart below to compare losses from any high point for SEMI and NJNK.

Drawdown Indicators

	SEMI	NJNK	Difference
Max Drawdown Largest peak-to-trough decline	-32.93%	-4.48%	-28.45%
Max Drawdown (1Y) Largest decline over 1 year	-14.41%	-2.63%	-11.78%
Max Drawdown (3Y) Largest decline over 3 years	-32.93%	—	—
Current Drawdown Current decline from peak	0.00%	-0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.29%	-0.50%	-8.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	0.63%	+3.20%

Volatility

SEMI vs. NJNK - Volatility Comparison

Columbia Select Technology ETF (SEMI) has a higher volatility of 6.81% compared to Columbia U.S. High Yield ETF (NJNK) at 1.38%. This indicates that SEMI's price experiences larger fluctuations and is considered to be riskier than NJNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEMI	NJNK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.81%	1.38%	+5.43%
Volatility (6M) Calculated over the trailing 6-month period	17.41%	3.10%	+14.31%
Volatility (1Y) Calculated over the trailing 1-year period	22.14%	3.99%	+18.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.59%	4.80%	+26.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.59%	4.80%	+26.79%

SEMI vs. NJNK - Expense Ratio Comparison

SEMI has a 0.75% expense ratio, which is higher than NJNK's 0.46% expense ratio.

Dividends

SEMI vs. NJNK - Dividend Comparison

SEMI's dividend yield for the trailing twelve months is around 3.38%, less than NJNK's 6.42% yield.

Position	TTM	2025	2024	2023	2022
NJNK Columbia U.S. High Yield ETF	6.42%	6.34%	2.05%	0.00%	0.00%
SEMI Columbia Select Technology ETF	3.38%	4.48%	0.96%	0.87%	0.67%

Frequently Asked Questions

Can I hold both SEMI and NJNK in my portfolio?

SEMI and NJNK have a correlation of 0.51, 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 NJNK?

SEMI has higher volatility (6.81%) compared to NJNK (1.38%). In terms of maximum drawdown, SEMI dropped -32.93% vs NJNK's -4.48%.

Which ETF is better, SEMI or NJNK?

On 1-year performance, SEMI leads with 67.04% vs 7.51% for NJNK. On fees, NJNK is cheaper at 0.46% per year. On volatility, NJNK has been the lower-risk option at 1.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEMI or NJNK?

Over the 1-year period, SEMI has performed better with a 67.04% return vs 7.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEMI or NJNK?

NJNK is cheaper with a 0.46% expense ratio, compared with 0.75% for SEMI.

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

NJNK has the higher dividend yield at 6.42%, compared with 3.38% for SEMI.

What is the main difference between SEMI and NJNK?

SEMI is categorized as Semiconductors, while NJNK is High Yield Bonds. Their fees differ too: 0.75% for SEMI and 0.46% for NJNK.

Which has better risk-adjusted returns?

SEMI currently has the higher Sharpe Ratio (3.05 vs 1.89), 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.