SMH vs. BATG.DE

Last updated Jun 6, 2026

SMH (VanEck Semiconductor ETF) and BATG.DE (L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF) are both exchange-traded funds - SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while BATG.DE is a Japan Equities fund tracking the Foxberry Sustainability Consensus Japan. Both are passively managed. At a 0.31 correlation, their price movements are largely independent. SMH charges 0.35%/yr vs 0.16%/yr for BATG.DE.

Performance

SMH vs. BATG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Semiconductor ETF (SMH) and L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SMH is traded in USD, while BATG.DE is traded in EUR. To make them comparable, the BATG.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

SMH

• 1D: -9.22%
• 1M: 3.63%
• YTD: 58.19%
• 6M: 56.81%
• 1Y: 127.40%
• 3Y*: 58.39%
• 5Y*: 36.10%
• 10Y*: 36.02%

BATG.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SMH vs. BATG.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SMH VanEck Semiconductor ETF	58.19%	49.17%	39.10%	73.38%	10.53%
BATG.DE L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF	0.00%	9.72%	6.35%	16.32%	8.63%

Correlation

The correlation between SMH and BATG.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022	0.31

Return for Risk

SMH vs. BATG.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMH

SMH Risk / Return Rank: 94
SMH Sharpe Ratio Rank: 96
SMH Sortino Ratio Rank: 90
SMH Omega Ratio Rank: 92
SMH Calmar Ratio Rank: 96
SMH Martin Ratio Rank: 95

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. BATG.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.DE). 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.

	SMH	BATG.DE	Difference
Sharpe ratio: Return per unit of total volatility	4.00	—	—
Sortino ratio: Return per unit of downside risk	4.12	—	—
Omega ratio: Gain probability vs. loss probability	1.59	—	—
Calmar ratio: Return relative to maximum drawdown	8.58	—	—
Martin ratio: Return relative to average drawdown	32.42	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SMH	BATG.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.00	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	—	—

Drawdowns

Drawdown Indicators

	SMH	BATG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-84.96%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-35.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.30%	—	—
Current Drawdown Current decline from peak	-10.69%	—	—
Average Drawdown Average peak-to-trough decline	-41.08%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	—	—

Volatility

Volatility by Period

	SMH	BATG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	32.03%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.24%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.70%	—	—

SMH vs. BATG.DE - Expense Ratio Comparison

SMH has a 0.35% expense ratio, which is higher than BATG.DE's 0.16% expense ratio.

Dividends

SMH vs. BATG.DE - Dividend Comparison

SMH's dividend yield for the trailing twelve months is around 0.19%, while BATG.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BATG.DE L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating 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%
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

Can I hold both SMH and BATG.DE in my portfolio?

SMH and BATG.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMH or BATG.DE?

On fees, BATG.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMH or BATG.DE?

BATG.DE is cheaper with a 0.16% expense ratio, compared with 0.35% for SMH.

What is the main difference between SMH and BATG.DE?

SMH is categorized as Semiconductors, while BATG.DE is Japan Equities. SMH tracks MVIS US Listed Semiconductor 25 Index, while BATG.DE tracks Foxberry Sustainability Consensus Japan. They also come from different issuers: VanEck and LGIM Managers (Europe) Limited. Their fees differ too: 0.35% for SMH and 0.16% for BATG.DE.