SMH vs. H4Z7.DE
SMH (VanEck Semiconductor ETF) and H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) are both exchange-traded funds - SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while H4Z7.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed. Both are passively managed. Over the past 3 years, SMH returned 60.05%/yr vs 9.11%/yr for H4Z7.DE. At a 0.26 correlation, their price movements are largely independent. SMH charges 0.35%/yr vs 0.24%/yr for H4Z7.DE.
Performance
SMH vs. H4Z7.DE - Performance Comparison
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Different Trading Currencies
SMH is traded in USD, while H4Z7.DE is traded in EUR. To make them comparable, the H4Z7.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMH achieves a 72.15% return, which is significantly higher than H4Z7.DE's 6.58% return.
SMH
- 1D
- 1.72%
- 1M
- 11.44%
- YTD
- 72.15%
- 6M
- 75.62%
- 1Y
- 141.99%
- 3Y*
- 60.05%
- 5Y*
- 38.42%
- 10Y*
- 37.49%
H4Z7.DE
- 1D
- -0.01%
- 1M
- -0.69%
- YTD
- 6.58%
- 6M
- 7.73%
- 1Y
- 10.85%
- 3Y*
- 9.11%
- 5Y*
- —
- 10Y*
- —
SMH vs. H4Z7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 72.15% | 49.17% | 39.10% | 73.38% | -9.49% |
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) | 6.58% | 10.89% | -0.25% | 10.78% | -8.81% |
Correlation
The correlation between SMH and H4Z7.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.26 |
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Return for Risk
SMH vs. H4Z7.DE — Risk / Return Rank
SMH
H4Z7.DE
SMH vs. H4Z7.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.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.
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 | H4Z7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.17 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 9.18 | 1.12 | +8.06 |
| Martin ratioReturn relative to average drawdown | 33.74 | 4.12 | +29.62 |
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Drawdowns
SMH vs. H4Z7.DE - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, which is greater than H4Z7.DE's maximum drawdown of -23.58%. Use the drawdown chart below to compare losses from any high point for SMH and H4Z7.DE.
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Drawdown Indicators
| SMH | H4Z7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -23.58% | -61.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -10.25% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -35.74% | -19.39% | -16.35% |
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% | -4.11% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -41.04% | -8.15% | -32.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 2.80% | +1.26% |
Volatility
SMH vs. H4Z7.DE - Volatility Comparison
VanEck Semiconductor ETF (SMH) has a higher volatility of 16.25% compared to HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) at 3.31%. This indicates that SMH's price experiences larger fluctuations and is considered to be riskier than H4Z7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH | H4Z7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.25% | 3.31% | +12.94% |
Volatility (6M)Calculated over the trailing 6-month period | 27.73% | 9.28% | +18.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.20% | 11.97% | +21.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.47% | 16.07% | +19.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.82% | 16.07% | +16.75% |
SMH vs. H4Z7.DE - Expense Ratio Comparison
SMH has a 0.35% expense ratio, which is higher than H4Z7.DE's 0.24% expense ratio.
Dividends
SMH vs. H4Z7.DE - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.18%, while H4Z7.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) | 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 H4Z7.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4Z7.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z7.DE is cheaper with a 0.24% expense ratio, compared with 0.35% for SMH.
SMH is categorized as Semiconductors, while H4Z7.DE is REIT. SMH tracks MVIS US Listed Semiconductor 25 Index, while H4Z7.DE tracks FTSE EPRA/NAREIT Developed. They also come from different issuers: VanEck and HSBC. Their fees differ too: 0.35% for SMH and 0.24% for H4Z7.DE.
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