SMH vs. FSELX
Compare and contrast key facts about VanEck Vectors Semiconductor ETF (SMH) and Fidelity Select Semiconductors Portfolio (FSELX).
SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. FSELX is managed by Fidelity. It was launched on Jul 29, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMH or FSELX.
Key characteristics
SMH | FSELX | |
---|---|---|
YTD Return | 24.46% | 24.37% |
1Y Return | 80.07% | 77.58% |
3Y Return (Ann) | 21.61% | 25.93% |
5Y Return (Ann) | 33.36% | 32.02% |
10Y Return (Ann) | 29.03% | 27.46% |
Sharpe Ratio | 2.90 | 2.43 |
Daily Std Dev | 28.21% | 31.54% |
Max Drawdown | -95.73% | -81.70% |
Current Drawdown | -7.06% | -6.28% |
Correlation
The correlation between SMH and FSELX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SMH vs. FSELX - Performance Comparison
The year-to-date returns for both stocks are quite close, with SMH having a 24.46% return and FSELX slightly lower at 24.37%. Over the past 10 years, SMH has outperformed FSELX with an annualized return of 29.03%, while FSELX has yielded a comparatively lower 27.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMH vs. FSELX - Expense Ratio Comparison
SMH has a 0.35% expense ratio, which is lower than FSELX's 0.68% expense ratio.
Risk-Adjusted Performance
SMH vs. FSELX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Semiconductor ETF (SMH) and Fidelity Select Semiconductors Portfolio (FSELX). 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.
Dividends
SMH vs. FSELX - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.48%, less than FSELX's 5.64% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
VanEck Vectors Semiconductor ETF | 0.48% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Fidelity Select Semiconductors Portfolio | 5.64% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.65% | 3.82% | 16.31% | 3.48% | 0.61% |
Drawdowns
SMH vs. FSELX - Drawdown Comparison
The maximum SMH drawdown since its inception was -95.73%, which is greater than FSELX's maximum drawdown of -81.70%. Use the drawdown chart below to compare losses from any high point for SMH and FSELX. For additional features, visit the drawdowns tool.
Volatility
SMH vs. FSELX - Volatility Comparison
The current volatility for VanEck Vectors Semiconductor ETF (SMH) is 9.37%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 10.78%. This indicates that SMH experiences smaller price fluctuations and is considered to be less risky than FSELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.