SMH vs. DXYZ
SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while DXYZ (Destiny Tech100 Inc) is a stock. Over the past year, SMH returned 141.99% vs -26.51% for DXYZ. At a 0.38 correlation, their price movements are largely independent.
Performance
SMH vs. DXYZ - Performance Comparison
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Returns By Period
In the year-to-date period, SMH achieves a 72.15% return, which is significantly higher than DXYZ's -5.42% return.
SMH
- 1D
- 1.72%
- 1M
- 7.20%
- YTD
- 72.15%
- 6M
- 75.62%
- 1Y
- 141.99%
- 3Y*
- 60.05%
- 5Y*
- 38.42%
- 10Y*
- 37.49%
DXYZ
- 1D
- -25.14%
- 1M
- -36.36%
- YTD
- -5.42%
- 6M
- -23.68%
- 1Y
- -26.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH vs. DXYZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMH VanEck Semiconductor ETF | 72.15% | 49.17% | 7.12% |
DXYZ Destiny Tech100 Inc | -5.42% | -47.96% | 613.45% |
Correlation
The correlation between SMH and DXYZ is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2024 | 0.38 |
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Return for Risk
SMH vs. DXYZ — Risk / Return Rank
SMH
DXYZ
SMH vs. DXYZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and Destiny Tech100 Inc (DXYZ). 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 | DXYZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.41 | ||
| Sortino ratioReturn per unit of downside risk | +3.99 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.03 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 9.18 | -0.47 | +9.66 |
| Martin ratioReturn relative to average drawdown | 33.74 | -0.93 | +34.67 |
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Drawdowns
SMH vs. DXYZ - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, smaller than the maximum DXYZ drawdown of -90.35%. Use the drawdown chart below to compare losses from any high point for SMH and DXYZ.
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Drawdown Indicators
| SMH | DXYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -90.35% | +5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -59.33% | +44.40% |
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 DrawdownCurrent decline from peak | -2.81% | -70.97% | +68.16% |
Average DrawdownAverage peak-to-trough decline | -41.04% | -68.37% | +27.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 30.12% | -26.06% |
Volatility
SMH vs. DXYZ - Volatility Comparison
The current volatility for VanEck Semiconductor ETF (SMH) is 16.25%, while Destiny Tech100 Inc (DXYZ) has a volatility of 52.18%. This indicates that SMH experiences smaller price fluctuations and is considered to be less risky than DXYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH | DXYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.25% | 52.18% | -35.93% |
Volatility (6M)Calculated over the trailing 6-month period | 27.73% | 85.74% | -58.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.20% | 101.63% | -68.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.47% | 165.45% | -129.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.82% | 165.45% | -132.63% |
Dividends
SMH vs. DXYZ - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.18%, while DXYZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXYZ Destiny Tech100 Inc | 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 | 0.18% | 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 DXYZ 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.
DXYZ has higher volatility (52.18%) compared to SMH (16.25%). In terms of maximum drawdown, SMH dropped -84.96% vs DXYZ's -90.35%.
SMH currently has the higher Sharpe Ratio (4.13 vs -0.28), 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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