SMGB.L vs. ^SPNY
SMGB.L (VanEck Semiconductor UCITS ETF) is Semiconductors fund tracking the MSCI World/Information Tech NR USD, while ^SPNY (S&P 500 Energy Index) is an index. Over the past 5 years, SMGB.L returned 38.39%/yr vs 17.74%/yr for ^SPNY. At a 0.06 correlation, their price movements are largely independent.
Performance
SMGB.L vs. ^SPNY - Performance Comparison
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Different Trading Currencies
SMGB.L is traded in GBP, while ^SPNY is traded in USD. To make them comparable, the ^SPNY values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMGB.L achieves a 85.49% return, which is significantly higher than ^SPNY's 30.24% return.
SMGB.L
- 1D
- -2.49%
- 1M
- 17.92%
- YTD
- 85.49%
- 6M
- 82.97%
- 1Y
- 170.23%
- 3Y*
- 57.16%
- 5Y*
- 38.39%
- 10Y*
- —
^SPNY
- 1D
- 1.74%
- 1M
- 3.77%
- YTD
- 30.24%
- 6M
- 27.21%
- 1Y
- 45.34%
- 3Y*
- 10.67%
- 5Y*
- 17.74%
- 10Y*
- 6.91%
SMGB.L vs. ^SPNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMGB.L VanEck Semiconductor UCITS ETF | 85.49% | 38.79% | 26.31% | 66.17% | -27.49% | 44.41% | 2.28% |
^SPNY S&P 500 Energy Index | 30.24% | -2.52% | 4.10% | -9.56% | 77.95% | 49.14% | -1.96% |
Correlation
The correlation between SMGB.L and ^SPNY is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.06 |
The correlation between SMGB.L and ^SPNY shifts across timeframes, from -0.08 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMGB.L vs. ^SPNY — Risk / Return Rank
SMGB.L
^SPNY
SMGB.L vs. ^SPNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (SMGB.L) and S&P 500 Energy Index (^SPNY). 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.
| SMGB.L | ^SPNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.68 | ||
| Sortino ratioReturn per unit of downside risk | +3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.32 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 14.46 | 2.98 | +11.48 |
| Martin ratioReturn relative to average drawdown | 50.72 | 8.38 | +42.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMGB.L | ^SPNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.58 | 1.90 | +3.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | 0.69 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 0.17 | +1.08 |
Drawdowns
SMGB.L vs. ^SPNY - Drawdown Comparison
The maximum SMGB.L drawdown since its inception was -36.24%, smaller than the maximum ^SPNY drawdown of -66.14%. Use the drawdown chart below to compare losses from any high point for SMGB.L and ^SPNY.
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Drawdown Indicators
| SMGB.L | ^SPNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.24% | -66.14% | +29.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -14.07% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -36.24% | -23.61% | -12.63% |
Max Drawdown (5Y)Largest decline over 5 years | -36.24% | -26.82% | -9.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.14% | — |
Current DrawdownCurrent decline from peak | -2.49% | -8.44% | +5.95% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -17.16% | +7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 5.01% | -1.60% |
Volatility
SMGB.L vs. ^SPNY - Volatility Comparison
VanEck Semiconductor UCITS ETF (SMGB.L) has a higher volatility of 12.41% compared to S&P 500 Energy Index (^SPNY) at 8.91%. This indicates that SMGB.L's price experiences larger fluctuations and is considered to be riskier than ^SPNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMGB.L | ^SPNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.41% | 8.91% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 23.93% | 17.81% | +6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 22.10% | +8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.45% | 25.80% | +4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.19% | 29.35% | +0.84% |
Frequently Asked Questions
SMGB.L and ^SPNY have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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