SMH.L vs. MINT.L
SMH.L (VanEck Semiconductor UCITS ETF) and MINT.L (PIMCO US Dollar Short Maturity 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 MINT.L is a Ultrashort Bond fund actively managed by PIMCO. SMH.L is passively managed, while MINT.L is actively managed. Over the past 5 years, SMH.L returned 34.15%/yr vs 3.48%/yr for MINT.L. At a 0.02 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.
Performance
SMH.L vs. MINT.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 MINT.L's 2.37% 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*
- —
MINT.L
- 1D
- -0.03%
- 1M
- 0.35%
- 6M
- 2.11%
- YTD
- 2.37%
- 1Y
- 4.52%
- 3Y*
- 5.21%
- 5Y*
- 3.48%
- 10Y*
- 2.65%
SMH.L vs. MINT.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% |
MINT.L PIMCO US Dollar Short Maturity UCITS ETF USD (Dist) | 2.37% | 4.66% | 5.75% | 5.72% | -0.67% | -0.09% | 0.05% |
Correlation
The correlation between SMH.L and MINT.L is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.02 |
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Return for Risk
SMH.L vs. MINT.L — Risk / Return Rank
SMH.L
MINT.L
SMH.L vs. MINT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (SMH.L) and PIMCO US Dollar Short Maturity UCITS ETF USD (Dist) (MINT.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 | MINT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.76 | ||
| Sortino ratioReturn per unit of downside risk | -13.28 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 3.53 | -2.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.75 | 45.23 | -38.48 |
| Martin ratioReturn relative to average drawdown | 24.23 | 230.58 | -206.35 |
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Drawdowns
SMH.L vs. MINT.L - Drawdown Comparison
The maximum SMH.L drawdown since its inception was -45.38%, which is greater than MINT.L's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for SMH.L and MINT.L.
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Drawdown Indicators
| SMH.L | MINT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.38% | -3.89% | -41.49% |
Max Drawdown (1Y)Largest decline over 1 year | -16.68% | -0.10% | -16.58% |
Max Drawdown (3Y)Largest decline over 3 years | -36.25% | -0.62% | -35.63% |
Max Drawdown (5Y)Largest decline over 5 years | -45.38% | -2.47% | -42.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.89% | — |
Current DrawdownCurrent decline from peak | -16.68% | -0.03% | -16.65% |
Average DrawdownAverage peak-to-trough decline | -11.13% | -0.23% | -10.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 0.02% | +4.64% |
Volatility
SMH.L vs. MINT.L - Volatility Comparison
VanEck Semiconductor UCITS ETF (SMH.L) has a higher volatility of 16.02% compared to PIMCO US Dollar Short Maturity UCITS ETF USD (Dist) (MINT.L) at 0.14%. This indicates that SMH.L's price experiences larger fluctuations and is considered to be riskier than MINT.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 | MINT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.02% | 0.14% | +15.88% |
Volatility (6M)Calculated over the trailing 6-month period | 30.92% | 0.36% | +30.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.05% | 0.58% | +36.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.59% | 0.76% | +32.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.96% | 0.95% | +32.01% |
SMH.L vs. MINT.L - Expense Ratio Comparison
Both SMH.L and MINT.L have an expense ratio of 0.35%.
Dividends
SMH.L vs. MINT.L - Dividend Comparison
SMH.L has not paid dividends to shareholders, while MINT.L's dividend yield for the trailing twelve months is around 4.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINT.L PIMCO US Dollar Short Maturity UCITS ETF USD (Dist) | 4.01% | 4.43% | 5.18% | 4.81% | 1.51% | 0.34% | 1.17% | 2.63% | 2.33% | 1.56% | 1.31% | 0.79% |
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 MINT.L have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SMH.L and MINT.L have the same expense ratio: 0.35% per year.
SMH.L is categorized as Semiconductors, while MINT.L is Ultrashort Bond. They also come from different issuers: VanEck and PIMCO.
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