SMGB.L vs. XUFB.L

Last updated Jun 24, 2026

SMGB.L (VanEck Semiconductor UCITS ETF) and XUFB.L (Xtrackers MSCI USA Banks UCITS ETF 1D) are both exchange-traded funds - SMGB.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index, while XUFB.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, SMGB.L returned 38.47%/yr vs 13.85%/yr for XUFB.L. At a 0.33 correlation, their price movements are largely independent. SMGB.L charges 0.35%/yr vs 0.12%/yr for XUFB.L.

Performance

SMGB.L vs. XUFB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Semiconductor UCITS ETF (SMGB.L) and Xtrackers MSCI USA Banks UCITS ETF 1D (XUFB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SMGB.L is traded in GBP, while XUFB.L is traded in GBp. To make them comparable, the XUFB.L 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 92.91% return, which is significantly higher than XUFB.L's 7.84% 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*: —

XUFB.L

• 1D: 1.01%
• 1M: 12.20%
• YTD: 7.84%
• 6M: 6.84%
• 1Y: 35.00%
• 3Y*: 32.40%
• 5Y*: 13.85%
• 10Y*: —

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

SMGB.L vs. XUFB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SMGB.L VanEck Semiconductor UCITS ETF	92.91%	38.79%	26.32%	66.15%	-27.78%	44.41%	-0.72%
XUFB.L Xtrackers MSCI USA Banks UCITS ETF 1D	7.84%	23.40%	40.02%	5.21%	-10.18%	37.53%	0.96%

Correlation

The correlation between SMGB.L and XUFB.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020	0.33

The correlation between SMGB.L and XUFB.L shifts across timeframes, from 0.22 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.

SMGB.L vs. XUFB.L - Sectors Allocation Comparison

Sectors	SMGB.L	XUFB.L
Technology	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

SMGB.L vs. XUFB.L — 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

XUFB.L

XUFB.L Risk / Return Rank: 50
XUFB.L Sharpe Ratio Rank: 54
XUFB.L Sortino Ratio Rank: 51
XUFB.L Omega Ratio Rank: 50
XUFB.L Calmar Ratio Rank: 53
XUFB.L Martin Ratio Rank: 42

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. XUFB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (SMGB.L) and Xtrackers MSCI USA Banks UCITS ETF 1D (XUFB.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	XUFB.L	Difference
Sharpe ratio: Return per unit of total volatility	5.15	1.72	+3.43
Sortino ratio: Return per unit of downside risk	5.18	2.31	+2.88
Omega ratio: Gain probability vs. loss probability	1.67	1.30	+0.38
Calmar ratio: Return relative to maximum drawdown	14.35	2.43	+11.92
Martin ratio: Return relative to average drawdown	47.70	6.45	+41.25

SMGB.L vs. XUFB.L - Sharpe Ratio Comparison

The current SMGB.L Sharpe Ratio is 5.15, which is higher than the XUFB.L Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of SMGB.L and XUFB.L, 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. XUFB.L - Drawdown Comparison

The maximum SMGB.L drawdown since its inception was -36.23%, smaller than the maximum XUFB.L drawdown of -47.26%. Use the drawdown chart below to compare losses from any high point for SMGB.L and XUFB.L.

Drawdown Indicators

	SMGB.L	XUFB.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.23%	-47.26%	+11.03%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	-14.33%	+2.39%
Max Drawdown (3Y) Largest decline over 3 years	-36.23%	-27.91%	-8.32%
Max Drawdown (5Y) Largest decline over 5 years	-36.23%	-34.18%	-2.05%
Current Drawdown Current decline from peak	-5.32%	0.00%	-5.32%
Average Drawdown Average peak-to-trough decline	-9.79%	-15.50%	+5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	5.42%	-1.82%

Volatility

SMGB.L vs. XUFB.L - Volatility Comparison

VanEck Semiconductor UCITS ETF (SMGB.L) has a higher volatility of 14.37% compared to Xtrackers MSCI USA Banks UCITS ETF 1D (XUFB.L) at 6.52%. This indicates that SMGB.L's price experiences larger fluctuations and is considered to be riskier than XUFB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMGB.L	XUFB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.37%	6.52%	+7.85%
Volatility (6M) Calculated over the trailing 6-month period	26.51%	16.04%	+10.47%
Volatility (1Y) Calculated over the trailing 1-year period	33.25%	20.27%	+12.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.92%	24.11%	+6.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.54%	28.95%	+1.59%

SMGB.L vs. XUFB.L - Expense Ratio Comparison

SMGB.L has a 0.35% expense ratio, which is higher than XUFB.L's 0.12% expense ratio.

Dividends

SMGB.L vs. XUFB.L - Dividend Comparison

SMGB.L has not paid dividends to shareholders, while XUFB.L's dividend yield for the trailing twelve months is around 1.63%.

Position	TTM	2025	2024	2023	2022	2021
SMGB.L VanEck Semiconductor UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XUFB.L Xtrackers MSCI USA Banks UCITS ETF 1D	1.63%	1.71%	1.92%	2.54%	3.43%	1.76%

Frequently Asked Questions

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

SMGB.L and XUFB.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMGB.L or XUFB.L?

On fees, XUFB.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMGB.L or XUFB.L?

XUFB.L is cheaper with a 0.12% expense ratio, compared with 0.35% for SMGB.L.

What is the main difference between SMGB.L and XUFB.L?

SMGB.L is categorized as Semiconductors, while XUFB.L is Financials Equities. SMGB.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index, while XUFB.L tracks MSCI World/Financials NR USD. They also come from different issuers: VanEck and DWS. Their fees differ too: 0.35% for SMGB.L and 0.12% for XUFB.L.