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SMH vs. AVUV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SMH vs. AVUV

Last updated Jun 10, 2026

SMH (VanEck Semiconductor ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. SMH is passively managed, while AVUV is actively managed. Over the past 5 years, SMH returned 37.20%/yr vs 11.22%/yr for AVUV. A 0.54 correlation means they provide meaningful diversification when combined. SMH charges 0.35%/yr vs 0.25%/yr for AVUV.

Performance

SMH vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Semiconductor ETF (SMH) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SMH achieves a 64.11% return, which is significantly higher than AVUV's 19.43% return.

SMH

1D
-1.20%
1M
4.32%
YTD
64.11%
6M
60.66%
1Y
130.72%
3Y*
59.79%
5Y*
37.20%
10Y*
36.76%

AVUV

1D
0.48%
1M
1.37%
YTD
19.43%
6M
18.83%
1Y
36.48%
3Y*
18.65%
5Y*
11.22%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SMH vs. AVUV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
SMH
VanEck Semiconductor ETF		64.11%49.17%39.10%73.38%-33.53%42.13%55.53%19.40%
AVUV
Avantis US Small Cap Value ETF		19.43%7.44%9.28%22.82%-4.91%42.20%6.43%8.54%

Correlation

The correlation between SMH and AVUV is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.54

The correlation between SMH and AVUV has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.

SMH vs. AVUV - Sectors Allocation Comparison

Sectors
SMH
AVUV

Technology

100.0%
7.0%

Basic Materials

-

4.9%

Communication Services

-

2.8%

Consumer Cyclical

-

18.0%

Consumer Defensive

-

4.5%

Energy

-

18.2%

Financial Services

-

25.8%

Healthcare

-

4.2%

Industrials

-

13.9%

Real Estate

-

0.7%

Utilities

-

0.1%

Technology

SMH
100.0%
AVUV
7.0%

Basic Materials

SMH

-

AVUV
4.9%

Communication Services

SMH

-

AVUV
2.8%

Consumer Cyclical

SMH

-

AVUV
18.0%

Consumer Defensive

SMH

-

AVUV
4.5%

Energy

SMH

-

AVUV
18.2%

Financial Services

SMH

-

AVUV
25.8%

Healthcare

SMH

-

AVUV
4.2%

Industrials

SMH

-

AVUV
13.9%

Real Estate

SMH

-

AVUV
0.7%

Utilities

SMH

-

AVUV
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Semiconductor ETF

Avantis US Small Cap Value ETF

Often compared with SMH:
SMH vs. SOXXSMH vs. QQQSMH vs. VGTSMH vs. FSELXSMH vs. SPYSMH vs. SMHXSMH vs. XLK
Often compared with AVUV:
AVUV vs. VBRAVUV vs. VTIAVUV vs. IWMAVUV vs. IJRAVUV vs. DFSVAVUV vs. VIOVAVUV vs. AVUVX

Return for Risk

SMH vs. AVUV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMH
SMH Risk / Return Rank: 9595
Overall Rank
SMH Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
SMH Sortino Ratio Rank: 9393
Sortino Ratio Rank
SMH Omega Ratio Rank: 9393
Omega Ratio Rank
SMH Calmar Ratio Rank: 9696
Calmar Ratio Rank
SMH Martin Ratio Rank: 9696
Martin Ratio Rank
AVUV
AVUV Risk / Return Rank: 7777
Overall Rank
AVUV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
AVUV Sortino Ratio Rank: 7676
Sortino Ratio Rank
AVUV Omega Ratio Rank: 6969
Omega Ratio Rank
AVUV Calmar Ratio Rank: 8888
Calmar Ratio Rank
AVUV Martin Ratio Rank: 7979
Martin Ratio Rank
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.

SMH vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and Avantis US Small Cap Value ETF (AVUV). 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.

SMHAVUVDifference
Sharpe ratioReturn per unit of total volatility
4.06
2.09

+1.97

Sortino ratioReturn per unit of downside risk
4.19
3.00

+1.19

Omega ratioGain probability vs. loss probability

1.60

1.36

+0.23

Calmar ratioReturn relative to maximum drawdown

8.81

4.61

+4.20

Martin ratioReturn relative to average drawdown

32.88

13.68

+19.19

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMH vs. AVUV - Sharpe Ratio Comparison

The current SMH Sharpe Ratio is 4.06, which is higher than the AVUV Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of SMH and AVUV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SMHAVUVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.06

2.09

+1.97

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.06

0.50

+0.56

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.13

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

0.56

-0.23

Drawdowns

SMH vs. AVUV - Drawdown Comparison

The maximum SMH drawdown since its inception was -84.96%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for SMH and AVUV.

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Drawdown Indicators

SMHAVUVDifference

Max Drawdown

Largest peak-to-trough decline

-84.96%

-49.42%

-35.54%

Max Drawdown (1Y)

Largest decline over 1 year

-14.93%

-7.95%

-6.98%

Max Drawdown (3Y)

Largest decline over 3 years

-35.74%

-28.79%

-6.95%

Max Drawdown (5Y)

Largest decline over 5 years

-45.30%

-28.79%

-16.51%

Max Drawdown (10Y)

Largest decline over 10 years

-45.30%

—

—

Current Drawdown

Current decline from peak

-7.35%

0.00%

-7.35%

Average Drawdown

Average peak-to-trough decline

-41.06%

-7.93%

-33.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.99%

2.67%

+1.32%

Volatility

SMH vs. AVUV - Volatility Comparison

VanEck Semiconductor ETF (SMH) has a higher volatility of 14.85% compared to Avantis US Small Cap Value ETF (AVUV) at 4.29%. This indicates that SMH's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SMHAVUVDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.85%

4.29%

+10.56%

Volatility (6M)

Calculated over the trailing 6-month period

26.75%

11.40%

+15.35%

Volatility (1Y)

Calculated over the trailing 1-year period

32.40%

17.54%

+14.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.32%

22.75%

+12.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.75%

28.27%

+4.48%

SMH vs. AVUV - Expense Ratio Comparison

SMH has a 0.35% expense ratio, which is higher than AVUV's 0.25% expense ratio.

Dividends

SMH vs. AVUV - Dividend Comparison

SMH's dividend yield for the trailing twelve months is around 0.19%, less than AVUV's 1.65% yield.

PositionTTM20252024202320222021202020192018201720162015
AVUV
Avantis US Small Cap Value ETF		1.65%1.58%1.61%1.65%1.74%1.28%1.21%0.38%0.00%0.00%0.00%0.00%
SMH
VanEck Semiconductor ETF		0.19%0.31%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%

Frequently Asked Questions

SMH and AVUV have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SMH has higher volatility (14.85%) compared to AVUV (4.29%). In terms of maximum drawdown, SMH dropped -84.96% vs AVUV's -49.42%.

On 5-year performance, SMH leads with 37.20% vs 11.22% for AVUV. On fees, AVUV is cheaper at 0.25% per year. On volatility, AVUV has been the lower-risk option at 4.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SMH has performed better with a 37.20% return vs 11.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AVUV is cheaper with a 0.25% expense ratio, compared with 0.35% for SMH.

AVUV has the higher dividend yield at 1.65%, compared with 0.19% for SMH.

SMH is categorized as Semiconductors, while AVUV is Small Cap Value Equities. They also come from different issuers: VanEck and Avantis. Their fees differ too: 0.35% for SMH and 0.25% for AVUV.

SMH currently has the higher Sharpe Ratio (4.06 vs 2.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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