SMH.L vs. REGB.L
SMH.L (VanEck Semiconductor UCITS ETF) and REGB.L (VanEck Rare Earth and Strategic Metals UCITS ETF A) are both exchange-traded funds - SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index, while REGB.L is a Rare Earth & Strategic Metals fund tracking the EMIX Global Mining Global Gold TR USD. Both are passively managed. Over the past 3 years, SMH.L returned 62.90%/yr vs 5.20%/yr for REGB.L. At a 0.47 correlation, their price movements are largely independent. SMH.L charges 0.35%/yr vs 0.59%/yr for REGB.L.
Performance
SMH.L vs. REGB.L - Performance Comparison
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Different Trading Currencies
SMH.L is traded in USD, while REGB.L is traded in GBP. To make them comparable, the REGB.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 98.88% return, which is significantly higher than REGB.L's 29.40% return.
SMH.L
- 1D
- 0.54%
- 1M
- 22.10%
- YTD
- 98.88%
- 6M
- 103.25%
- 1Y
- 181.35%
- 3Y*
- 62.90%
- 5Y*
- 39.19%
- 10Y*
- —
REGB.L
- 1D
- 0.00%
- 1M
- 0.45%
- YTD
- 29.40%
- 6M
- 30.62%
- 1Y
- 148.29%
- 3Y*
- 5.20%
- 5Y*
- —
- 10Y*
- —
SMH.L vs. REGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMH.L VanEck Semiconductor UCITS ETF | 98.88% | 49.20% | 24.11% | 75.94% | -35.54% | 13.28% |
REGB.L VanEck Rare Earth and Strategic Metals UCITS ETF A | 29.40% | 88.93% | -35.64% | -18.71% | -31.13% | -21.10% |
Correlation
The correlation between SMH.L and REGB.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.47 |
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Return for Risk
SMH.L vs. REGB.L — Risk / Return Rank
SMH.L
REGB.L
SMH.L vs. REGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (SMH.L) and VanEck Rare Earth and Strategic Metals UCITS ETF A (REGB.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 | REGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.41 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 13.12 | 6.60 | +6.52 |
| Martin ratioReturn relative to average drawdown | 46.30 | 16.50 | +29.79 |
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Drawdowns
SMH.L vs. REGB.L - Drawdown Comparison
The maximum SMH.L drawdown since its inception was -45.38%, smaller than the maximum REGB.L drawdown of -75.84%. Use the drawdown chart below to compare losses from any high point for SMH.L and REGB.L.
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Drawdown Indicators
| SMH.L | REGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.38% | -75.84% | +30.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.91% | -22.01% | +8.10% |
Max Drawdown (3Y)Largest decline over 3 years | -36.25% | -61.39% | +25.14% |
Max Drawdown (5Y)Largest decline over 5 years | -45.38% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -30.50% | +30.50% |
Average DrawdownAverage peak-to-trough decline | -11.18% | -48.45% | +37.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 8.78% | -4.83% |
Volatility
SMH.L vs. REGB.L - Volatility Comparison
VanEck Semiconductor UCITS ETF (SMH.L) and VanEck Rare Earth and Strategic Metals UCITS ETF A (REGB.L) have volatilities of 13.18% and 12.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH.L | REGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.18% | 12.98% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 27.46% | 34.05% | -6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.96% | 46.85% | -12.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.88% | 48.34% | -15.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.48% | 48.34% | -15.86% |
SMH.L vs. REGB.L - Expense Ratio Comparison
SMH.L has a 0.35% expense ratio, which is lower than REGB.L's 0.59% expense ratio.
Dividends
SMH.L vs. REGB.L - Dividend Comparison
Neither SMH.L nor REGB.L has paid dividends to shareholders.
Frequently Asked Questions
SMH.L and REGB.L have a correlation of 0.43, 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 0.59% for REGB.L.
SMH.L is categorized as Semiconductors, while REGB.L is Rare Earth & Strategic Metals. SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index, while REGB.L tracks EMIX Global Mining Global Gold TR USD. Their fees differ too: 0.35% for SMH.L and 0.59% for REGB.L.
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