SMGB.L vs. COST

Last updated Jun 14, 2026

SMGB.L (VanEck Semiconductor UCITS ETF) is Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index, while COST (Costco Wholesale Corporation) is a stock. Over the past 5 years, SMGB.L returned 38.58%/yr vs 23.38%/yr for COST. At a 0.13 correlation, their price movements are largely independent.

Performance

SMGB.L vs. COST - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Semiconductor UCITS ETF (SMGB.L) and Costco Wholesale Corporation (COST). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SMGB.L is traded in GBP, while COST is traded in USD. To make them comparable, the COST 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 87.48% return, which is significantly higher than COST's 14.82% return.

SMGB.L

• 1D: 5.59%
• 1M: 11.03%
• YTD: 87.48%
• 6M: 89.61%
• 1Y: 168.08%
• 3Y*: 55.48%
• 5Y*: 38.58%
• 10Y*: —

COST

• 1D: 0.77%
• 1M: -5.68%
• YTD: 14.82%
• 6M: 11.10%
• 1Y: 1.01%
• 3Y*: 22.60%
• 5Y*: 23.38%
• 10Y*: 22.90%

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

SMGB.L vs. COST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SMGB.L VanEck Semiconductor UCITS ETF	87.48%	38.79%	26.32%	66.15%	-27.78%	44.41%	-0.72%
COST Costco Wholesale Corporation	14.82%	-12.13%	42.06%	41.56%	-9.42%	53.26%	-1.23%

Correlation

The correlation between SMGB.L and COST is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020	0.13

The correlation between SMGB.L and COST shifts across timeframes, from -0.14 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SMGB.L vs. COST — Risk / Return Rank

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

SMGB.L

SMGB.L Risk / Return Rank: 97
SMGB.L Sharpe Ratio Rank: 98
SMGB.L Sortino Ratio Rank: 96
SMGB.L Omega Ratio Rank: 95
SMGB.L Calmar Ratio Rank: 98
SMGB.L Martin Ratio Rank: 98

COST

COST Risk / Return Rank: 37
COST Sharpe Ratio Rank: 40
COST Sortino Ratio Rank: 32
COST Omega Ratio Rank: 32
COST Calmar Ratio Rank: 40
COST Martin Ratio Rank: 39

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.

SMGB.L vs. COST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (SMGB.L) and Costco Wholesale Corporation (COST). 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.

	SMGB.L	COST	Difference
Sharpe ratio: Return per unit of total volatility	5.07	0.00	+5.07
Sortino ratio: Return per unit of downside risk	5.23	0.14	+5.08
Omega ratio: Gain probability vs. loss probability	1.68	1.02	+0.66
Calmar ratio: Return relative to maximum drawdown	13.71	0.01	+13.71
Martin ratio: Return relative to average drawdown	45.80	0.01	+45.79

SMGB.L vs. COST - Sharpe Ratio Comparison

The current SMGB.L Sharpe Ratio is 5.07, which is higher than the COST Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of SMGB.L and COST, 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

SMGB.L vs. COST - Drawdown Comparison

The maximum SMGB.L drawdown since its inception was -36.23%, which is greater than COST's maximum drawdown of -30.97%. Use the drawdown chart below to compare losses from any high point for SMGB.L and COST.

Drawdown Indicators

	SMGB.L	COST	Difference
Max Drawdown Largest peak-to-trough decline	-36.23%	-30.97%	-5.26%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	-14.77%	+2.83%
Max Drawdown (3Y) Largest decline over 3 years	-36.23%	-26.16%	-10.07%
Max Drawdown (5Y) Largest decline over 5 years	-36.23%	-28.24%	-7.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.24%	—
Current Drawdown Current decline from peak	-1.44%	-14.06%	+12.62%
Average Drawdown Average peak-to-trough decline	-9.83%	-7.05%	-2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	6.18%	-2.60%

Volatility

SMGB.L vs. COST - Volatility Comparison

VanEck Semiconductor UCITS ETF (SMGB.L) has a higher volatility of 13.95% compared to Costco Wholesale Corporation (COST) at 7.81%. This indicates that SMGB.L's price experiences larger fluctuations and is considered to be riskier than COST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMGB.L	COST	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.95%	7.81%	+6.14%
Volatility (6M) Calculated over the trailing 6-month period	25.73%	15.48%	+10.25%
Volatility (1Y) Calculated over the trailing 1-year period	32.29%	19.95%	+12.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.70%	22.84%	+7.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.40%	23.04%	+7.36%

Dividends

SMGB.L vs. COST - Dividend Comparison

SMGB.L has not paid dividends to shareholders, while COST's dividend yield for the trailing twelve months is around 0.55%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COST Costco Wholesale Corporation	0.55%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%
SMGB.L VanEck Semiconductor UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMGB.L and COST in my portfolio?

SMGB.L and COST have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.