SMH.L vs. IDIN.L
SMH.L (VanEck Semiconductor UCITS ETF) and IDIN.L (iShares Global Infrastructure UCITS ETF USD (Dist)) are both exchange-traded funds - SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index, while IDIN.L is a Mid Cap Value Equities fund tracking the FTSE Global Core Infrastructure Index (USD). Both are passively managed. Over the past 5 years, SMH.L returned 34.15%/yr vs 6.83%/yr for IDIN.L. At a 0.24 correlation, their price movements are largely independent. SMH.L charges 0.35%/yr vs 0.65%/yr for IDIN.L.
Performance
SMH.L vs. IDIN.L - Performance Comparison
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Returns By Period
In the year-to-date period, SMH.L achieves a 66.93% return, which is significantly higher than IDIN.L's 13.89% return.
SMH.L
- 1D
- -3.85%
- 1M
- -12.59%
- 6M
- 47.97%
- YTD
- 66.93%
- 1Y
- 113.20%
- 3Y*
- 52.17%
- 5Y*
- 34.15%
- 10Y*
- —
IDIN.L
- 1D
- 0.73%
- 1M
- 3.57%
- 6M
- 12.60%
- YTD
- 13.89%
- 1Y
- 19.00%
- 3Y*
- 12.53%
- 5Y*
- 6.83%
- 10Y*
- 7.27%
SMH.L vs. IDIN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMH.L VanEck Semiconductor UCITS ETF | 66.93% | 49.20% | 24.11% | 75.94% | -35.54% | 42.75% | 4.36% |
IDIN.L iShares Global Infrastructure UCITS ETF USD (Dist) | 13.89% | 12.97% | 8.79% | -0.03% | -5.92% | 17.16% | 0.31% |
Correlation
The correlation between SMH.L and IDIN.L is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.24 |
The correlation between SMH.L and IDIN.L shifts across timeframes, from -0.01 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMH.L vs. IDIN.L — Risk / Return Rank
SMH.L
IDIN.L
SMH.L vs. IDIN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (SMH.L) and iShares Global Infrastructure UCITS ETF USD (Dist) (IDIN.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.
| SMH.L | IDIN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.31 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.75 | 3.72 | +3.03 |
| Martin ratioReturn relative to average drawdown | 24.23 | 9.70 | +14.52 |
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Drawdowns
SMH.L vs. IDIN.L - Drawdown Comparison
The maximum SMH.L drawdown since its inception was -45.38%, smaller than the maximum IDIN.L drawdown of -49.57%. Use the drawdown chart below to compare losses from any high point for SMH.L and IDIN.L.
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Drawdown Indicators
| SMH.L | IDIN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.38% | -49.57% | +4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -16.68% | -5.08% | -11.60% |
Max Drawdown (3Y)Largest decline over 3 years | -36.25% | -14.86% | -21.39% |
Max Drawdown (5Y)Largest decline over 5 years | -45.38% | -22.69% | -22.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.86% | — |
Current DrawdownCurrent decline from peak | -16.68% | 0.00% | -16.68% |
Average DrawdownAverage peak-to-trough decline | -11.13% | -11.72% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 1.95% | +2.71% |
Volatility
SMH.L vs. IDIN.L - Volatility Comparison
VanEck Semiconductor UCITS ETF (SMH.L) has a higher volatility of 16.02% compared to iShares Global Infrastructure UCITS ETF USD (Dist) (IDIN.L) at 2.45%. This indicates that SMH.L's price experiences larger fluctuations and is considered to be riskier than IDIN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH.L | IDIN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.02% | 2.45% | +13.57% |
Volatility (6M)Calculated over the trailing 6-month period | 30.92% | 8.83% | +22.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.05% | 10.60% | +26.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.59% | 13.51% | +20.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.96% | 14.39% | +18.57% |
SMH.L vs. IDIN.L - Expense Ratio Comparison
SMH.L has a 0.35% expense ratio, which is lower than IDIN.L's 0.65% expense ratio.
Dividends
SMH.L vs. IDIN.L - Dividend Comparison
SMH.L has not paid dividends to shareholders, while IDIN.L's dividend yield for the trailing twelve months is around 2.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDIN.L iShares Global Infrastructure UCITS ETF USD (Dist) | 2.01% | 2.20% | 2.36% | 2.37% | 2.11% | 1.93% | 2.08% | 2.05% | 2.34% | 2.60% | 2.80% | 3.20% |
SMH.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
SMH.L and IDIN.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMH.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMH.L is cheaper with a 0.35% expense ratio, compared with 0.65% for IDIN.L.
SMH.L is categorized as Semiconductors, while IDIN.L is Mid Cap Value Equities. SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index, while IDIN.L tracks FTSE Global Core Infrastructure Index (USD). They also come from different issuers: VanEck and iShares. Their fees differ too: 0.35% for SMH.L and 0.65% for IDIN.L.
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