SMH.L vs. KARP.L
SMH.L (VanEck Semiconductor UCITS ETF) and KARP.L (KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD) are both exchange-traded funds - SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index, while KARP.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, SMH.L returned 61.84%/yr vs 4.68%/yr for KARP.L. At a 0.47 correlation, their price movements are largely independent. SMH.L charges 0.35%/yr vs 0.72%/yr for KARP.L.
Performance
SMH.L vs. KARP.L - Performance Comparison
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Different Trading Currencies
SMH.L is traded in USD, while KARP.L is traded in GBP. To make them comparable, the KARP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMH.L achieves a 87.70% return, which is significantly higher than KARP.L's 14.39% return.
SMH.L
- 1D
- -0.65%
- 1M
- 10.70%
- YTD
- 87.70%
- 6M
- 88.16%
- 1Y
- 154.67%
- 3Y*
- 61.84%
- 5Y*
- 36.71%
- 10Y*
- —
KARP.L
- 1D
- 0.29%
- 1M
- -0.31%
- YTD
- 14.39%
- 6M
- 13.36%
- 1Y
- 58.05%
- 3Y*
- 4.68%
- 5Y*
- —
- 10Y*
- —
SMH.L vs. KARP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SMH.L VanEck Semiconductor UCITS ETF | 87.70% | 49.20% | 24.11% | 75.94% | -10.00% |
KARP.L KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD | 14.39% | 43.41% | -18.77% | -7.63% | -33.98% |
Correlation
The correlation between SMH.L and KARP.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 25, 2022 | 0.47 |
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Return for Risk
SMH.L vs. KARP.L — Risk / Return Rank
SMH.L
KARP.L
SMH.L vs. KARP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (SMH.L) and KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD (KARP.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 | KARP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.47 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 11.05 | 6.11 | +4.94 |
| Martin ratioReturn relative to average drawdown | 38.66 | 18.98 | +19.68 |
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Drawdowns
SMH.L vs. KARP.L - Drawdown Comparison
The maximum SMH.L drawdown since its inception was -45.38%, smaller than the maximum KARP.L drawdown of -61.17%. Use the drawdown chart below to compare losses from any high point for SMH.L and KARP.L.
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Drawdown Indicators
| SMH.L | KARP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.38% | -61.17% | +15.79% |
Max Drawdown (1Y)Largest decline over 1 year | -13.91% | -10.43% | -3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -36.25% | -47.25% | +11.00% |
Max Drawdown (5Y)Largest decline over 5 years | -45.38% | — | — |
Current DrawdownCurrent decline from peak | -6.27% | -24.82% | +18.55% |
Average DrawdownAverage peak-to-trough decline | -11.16% | -40.76% | +29.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 3.35% | +0.63% |
Volatility
SMH.L vs. KARP.L - Volatility Comparison
VanEck Semiconductor UCITS ETF (SMH.L) has a higher volatility of 14.03% compared to KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD (KARP.L) at 1.78%. This indicates that SMH.L's price experiences larger fluctuations and is considered to be riskier than KARP.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 | KARP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.03% | 1.78% | +12.25% |
Volatility (6M)Calculated over the trailing 6-month period | 27.87% | 14.01% | +13.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.42% | 22.89% | +11.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.98% | 28.56% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.54% | 28.56% | +3.98% |
SMH.L vs. KARP.L - Expense Ratio Comparison
SMH.L has a 0.35% expense ratio, which is lower than KARP.L's 0.72% expense ratio.
Dividends
SMH.L vs. KARP.L - Dividend Comparison
Neither SMH.L nor KARP.L has paid dividends to shareholders.
Frequently Asked Questions
SMH.L and KARP.L have a correlation of 0.41, 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 0.72% for KARP.L.
SMH.L is categorized as Semiconductors, while KARP.L is Technology Equities. SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index, while KARP.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: VanEck and Waystone Management. Their fees differ too: 0.35% for SMH.L and 0.72% for KARP.L.
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