SMGB.L vs. JEDG.L
SMGB.L (VanEck Semiconductor UCITS ETF) and JEDG.L (VanEck Space Innovators UCITS ETF) are both exchange-traded funds - SMGB.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index, while JEDG.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD. Both are passively managed. Over the past 3 years, SMGB.L returned 60.13%/yr vs 56.30%/yr for JEDG.L. At a 0.43 correlation, their price movements are largely independent. SMGB.L charges 0.35%/yr vs 0.55%/yr for JEDG.L.
Performance
SMGB.L vs. JEDG.L - Performance Comparison
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Returns By Period
In the year-to-date period, SMGB.L achieves a 92.91% return, which is significantly higher than JEDG.L's 41.96% return.
SMGB.L
- 1D
- -5.32%
- 1M
- 13.47%
- YTD
- 92.91%
- 6M
- 94.29%
- 1Y
- 172.39%
- 3Y*
- 60.13%
- 5Y*
- 38.47%
- 10Y*
- —
JEDG.L
- 1D
- 0.00%
- 1M
- -22.91%
- YTD
- 41.96%
- 6M
- 39.04%
- 1Y
- 117.41%
- 3Y*
- 56.30%
- 5Y*
- —
- 10Y*
- —
SMGB.L vs. JEDG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SMGB.L VanEck Semiconductor UCITS ETF | 92.91% | 38.79% | 26.32% | 66.15% | -1.43% |
JEDG.L VanEck Space Innovators UCITS ETF | 41.96% | 80.38% | 46.13% | 6.44% | -11.57% |
Correlation
The correlation between SMGB.L and JEDG.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022 | 0.43 |
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Return for Risk
SMGB.L vs. JEDG.L — Risk / Return Rank
SMGB.L
JEDG.L
SMGB.L vs. JEDG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (SMGB.L) and VanEck Space Innovators UCITS ETF (JEDG.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 | JEDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.38 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 14.35 | 3.92 | +10.43 |
| Martin ratioReturn relative to average drawdown | 47.70 | 13.06 | +34.64 |
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Drawdowns
SMGB.L vs. JEDG.L - Drawdown Comparison
The maximum SMGB.L drawdown since its inception was -36.23%, which is greater than JEDG.L's maximum drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for SMGB.L and JEDG.L.
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Drawdown Indicators
| SMGB.L | JEDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.23% | -30.11% | -6.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -30.11% | +18.17% |
Max Drawdown (3Y)Largest decline over 3 years | -36.23% | -30.11% | -6.12% |
Max Drawdown (5Y)Largest decline over 5 years | -36.23% | — | — |
Current DrawdownCurrent decline from peak | -5.32% | -30.11% | +24.79% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -9.07% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 9.02% | -5.42% |
Volatility
SMGB.L vs. JEDG.L - Volatility Comparison
The current volatility for VanEck Semiconductor UCITS ETF (SMGB.L) is 14.37%, while VanEck Space Innovators UCITS ETF (JEDG.L) has a volatility of 19.16%. This indicates that SMGB.L experiences smaller price fluctuations and is considered to be less risky than JEDG.L 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 | JEDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.37% | 19.16% | -4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 26.51% | 36.30% | -9.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.25% | 46.04% | -12.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.92% | 33.60% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.54% | 33.60% | -3.06% |
SMGB.L vs. JEDG.L - Expense Ratio Comparison
SMGB.L has a 0.35% expense ratio, which is lower than JEDG.L's 0.55% expense ratio.
Dividends
SMGB.L vs. JEDG.L - Dividend Comparison
Neither SMGB.L nor JEDG.L has paid dividends to shareholders.
Frequently Asked Questions
SMGB.L and JEDG.L have a correlation of 0.44, 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 0.55% for JEDG.L.
SMGB.L is categorized as Semiconductors, while JEDG.L is Industrials Equities. SMGB.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index, while JEDG.L tracks MSCI World/Materials NR USD. Their fees differ too: 0.35% for SMGB.L and 0.55% for JEDG.L.
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