SMGB.L vs. GFGB.L
SMGB.L (VanEck Semiconductor UCITS ETF) and GFGB.L (VanEck Global Fallen Angel High Yield Bond UCITS ETF) are both exchange-traded funds - SMGB.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index, while GFGB.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, SMGB.L returned 38.69%/yr vs 4.17%/yr for GFGB.L. At a 0.21 correlation, their price movements are largely independent. SMGB.L charges 0.35%/yr vs 0.40%/yr for GFGB.L.
Performance
SMGB.L vs. GFGB.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMGB.L achieves a 95.48% return, which is significantly higher than GFGB.L's 5.42% return.
SMGB.L
- 1D
- 1.71%
- 1M
- 10.88%
- YTD
- 95.48%
- 6M
- 96.93%
- 1Y
- 166.11%
- 3Y*
- 60.25%
- 5Y*
- 38.69%
- 10Y*
- —
GFGB.L
- 1D
- -0.54%
- 1M
- 2.06%
- YTD
- 5.42%
- 6M
- 6.12%
- 1Y
- 10.71%
- 3Y*
- 7.52%
- 5Y*
- 4.17%
- 10Y*
- —
SMGB.L vs. GFGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMGB.L VanEck Semiconductor UCITS ETF | 95.48% | 38.79% | 26.32% | 66.15% | -27.78% | 44.41% | -0.72% |
GFGB.L VanEck Global Fallen Angel High Yield Bond UCITS ETF | 5.42% | 2.41% | 7.86% | 4.28% | -2.32% | 3.31% | -0.14% |
Correlation
The correlation between SMGB.L and GFGB.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMGB.L vs. GFGB.L — Risk / Return Rank
SMGB.L
GFGB.L
SMGB.L vs. GFGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (SMGB.L) and VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L). 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 | GFGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.30 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 13.83 | 3.50 | +10.33 |
| Martin ratioReturn relative to average drawdown | 45.63 | 9.13 | +36.50 |
Loading charts...
Drawdowns
SMGB.L vs. GFGB.L - Drawdown Comparison
The maximum SMGB.L drawdown since its inception was -36.23%, which is greater than GFGB.L's maximum drawdown of -28.88%. Use the drawdown chart below to compare losses from any high point for SMGB.L and GFGB.L.
Loading charts...
Drawdown Indicators
| SMGB.L | GFGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.23% | -28.88% | -7.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -3.05% | -8.89% |
Max Drawdown (3Y)Largest decline over 3 years | -36.23% | -7.55% | -28.68% |
Max Drawdown (5Y)Largest decline over 5 years | -36.23% | -10.36% | -25.87% |
Current DrawdownCurrent decline from peak | -4.06% | -0.54% | -3.52% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -9.31% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 1.17% | +2.46% |
Volatility
SMGB.L vs. GFGB.L - Volatility Comparison
VanEck Semiconductor UCITS ETF (SMGB.L) has a higher volatility of 14.05% compared to VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L) at 1.94%. This indicates that SMGB.L's price experiences larger fluctuations and is considered to be riskier than GFGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMGB.L | GFGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.05% | 1.94% | +12.11% |
Volatility (6M)Calculated over the trailing 6-month period | 26.51% | 5.96% | +20.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.19% | 7.03% | +26.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.92% | 7.85% | +23.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.53% | 13.10% | +17.43% |
SMGB.L vs. GFGB.L - Expense Ratio Comparison
SMGB.L has a 0.35% expense ratio, which is lower than GFGB.L's 0.40% expense ratio.
Dividends
SMGB.L vs. GFGB.L - Dividend Comparison
Neither SMGB.L nor GFGB.L has paid dividends to shareholders.
Frequently Asked Questions
SMGB.L and GFGB.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMGB.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMGB.L is cheaper with a 0.35% expense ratio, compared with 0.40% for GFGB.L.
SMGB.L is categorized as Semiconductors, while GFGB.L is High Yield Bonds. SMGB.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index, while GFGB.L tracks ICE BofA Gbl HY Constnd TR USD. Their fees differ too: 0.35% for SMGB.L and 0.40% for GFGB.L.
Find the right allocation for SMGB.L and GFGB.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer