SEMI vs. SBND

Last updated Jun 3, 2026

SEMI (Columbia Select Technology ETF) and SBND (Columbia Short Duration Bond ETF) are both exchange-traded funds - SEMI is a Semiconductors fund actively managed by Columbia, while SBND is a Short-Term Bond fund tracking the Bloomberg Beta Advantage Short Term Bond (-300%). SEMI is actively managed, while SBND is passively managed. Over the past 3 years, SEMI returned 30.48%/yr vs 6.03%/yr for SBND. At a 0.29 correlation, their price movements are largely independent. SEMI charges 0.75%/yr vs 0.25%/yr for SBND.

Performance

SEMI vs. SBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Select Technology ETF (SEMI) and Columbia Short Duration Bond ETF (SBND). 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 SBND's 0.91% return.

SEMI

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

SBND

• 1D: -0.03%
• 1M: 0.28%
• YTD: 0.91%
• 6M: 1.43%
• 1Y: 5.85%
• 3Y*: 6.03%
• 5Y*: —
• 10Y*: —

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

SEMI vs. SBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SEMI Columbia Select Technology ETF	32.72%	24.91%	15.87%	45.37%	-21.87%
SBND Columbia Short Duration Bond ETF	0.91%	7.50%	4.83%	7.20%	-3.17%

Correlation

The correlation between SEMI and SBND is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Mar 31, 2022	0.29

SEMI vs. SBND - Sectors Allocation Comparison

Sectors	SEMI	SBND
Technology	82.3%	-
Communication Services	9.5%	-
Financial Services	4.4%	9.2%
Consumer Cyclical	3.9%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

SEMI vs. SBND — 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

SBND

SBND Risk / Return Rank: 74
SBND Sharpe Ratio Rank: 71
SBND Sortino Ratio Rank: 82
SBND Omega Ratio Rank: 79
SBND Calmar Ratio Rank: 66
SBND Martin Ratio Rank: 72

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. SBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Select Technology ETF (SEMI) and Columbia Short Duration Bond ETF (SBND). 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	SBND	Difference
Sharpe ratio Return per unit of total volatility	3.05	2.38	+0.67
Sortino ratio Return per unit of downside risk	3.69	3.72	-0.03
Omega ratio Gain probability vs. loss probability	1.49	1.48	0.00
Calmar ratio Return relative to maximum drawdown	4.77	3.32	+1.45
Martin ratio Return relative to average drawdown	17.95	13.95	+4.00
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. SBND - Sharpe Ratio Comparison

The current SEMI Sharpe Ratio is 3.05, which is comparable to the SBND Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of SEMI and SBND, 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	SBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.05	2.38	+0.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.70	-0.04

Drawdowns

SEMI vs. SBND - Drawdown Comparison

The maximum SEMI drawdown since its inception was -32.93%, which is greater than SBND's maximum drawdown of -10.78%. Use the drawdown chart below to compare losses from any high point for SEMI and SBND.

Drawdown Indicators

	SEMI	SBND	Difference
Max Drawdown Largest peak-to-trough decline	-32.93%	-10.78%	-22.15%
Max Drawdown (1Y) Largest decline over 1 year	-14.41%	-1.71%	-12.70%
Max Drawdown (3Y) Largest decline over 3 years	-32.93%	-1.71%	-31.22%
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-9.29%	-2.87%	-6.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	0.41%	+3.42%

Volatility

SEMI vs. SBND - Volatility Comparison

Columbia Select Technology ETF (SEMI) has a higher volatility of 6.81% compared to Columbia Short Duration Bond ETF (SBND) at 0.60%. This indicates that SEMI's price experiences larger fluctuations and is considered to be riskier than SBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEMI	SBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.81%	0.60%	+6.21%
Volatility (6M) Calculated over the trailing 6-month period	17.41%	1.69%	+15.72%
Volatility (1Y) Calculated over the trailing 1-year period	22.14%	2.47%	+19.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.59%	3.61%	+27.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.59%	3.61%	+27.98%

SEMI vs. SBND - Expense Ratio Comparison

SEMI has a 0.75% expense ratio, which is higher than SBND's 0.25% expense ratio.

Dividends

SEMI vs. SBND - Dividend Comparison

SEMI's dividend yield for the trailing twelve months is around 3.38%, less than SBND's 4.53% yield.

Position	TTM	2025	2024	2023	2022	2021
SBND Columbia Short Duration Bond ETF	4.53%	4.65%	4.58%	3.90%	2.80%	0.43%
SEMI Columbia Select Technology ETF	3.38%	4.48%	0.96%	0.87%	0.67%	0.00%

Frequently Asked Questions

Can I hold both SEMI and SBND in my portfolio?

SEMI and SBND have a correlation of 0.27, 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 SBND?

SEMI has higher volatility (6.81%) compared to SBND (0.60%). In terms of maximum drawdown, SEMI dropped -32.93% vs SBND's -10.78%.

Which ETF is better, SEMI or SBND?

On 3-year performance, SEMI leads with 30.48% vs 6.03% for SBND. On fees, SBND is cheaper at 0.25% per year. On volatility, SBND has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEMI or SBND?

Over the 3-year period, SEMI has performed better with a 30.48% return vs 6.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEMI or SBND?

SBND is cheaper with a 0.25% expense ratio, compared with 0.75% for SEMI.

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

SBND has the higher dividend yield at 4.53%, compared with 3.38% for SEMI.

What is the main difference between SEMI and SBND?

SEMI is categorized as Semiconductors, while SBND is Short-Term Bond. Their fees differ too: 0.75% for SEMI and 0.25% for SBND.

Which has better risk-adjusted returns?

SEMI currently has the higher Sharpe Ratio (3.05 vs 2.38), 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.