SMH vs. IDTP.L
SMH (VanEck Semiconductor ETF) and IDTP.L (iShares $ TIPS UCITS ETF USD (Acc)) are both exchange-traded funds - SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while IDTP.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 10 years, SMH returned 36.02%/yr vs 2.62%/yr for IDTP.L. At a correlation of -0.05, they often move in opposite directions. SMH charges 0.35%/yr vs 0.12%/yr for IDTP.L.
Performance
SMH vs. IDTP.L - Performance Comparison
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Returns By Period
In the year-to-date period, SMH achieves a 58.19% return, which is significantly higher than IDTP.L's 1.09% return. Over the past 10 years, SMH has outperformed IDTP.L with an annualized return of 36.02%, while IDTP.L has yielded a comparatively lower 2.62% annualized return.
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%
IDTP.L
- 1D
- 0.04%
- 1M
- -0.08%
- YTD
- 1.09%
- 6M
- 1.31%
- 1Y
- 4.84%
- 3Y*
- 3.82%
- 5Y*
- 0.96%
- 10Y*
- 2.62%
SMH vs. IDTP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 58.19% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
IDTP.L iShares $ TIPS UCITS ETF USD (Acc) | 1.09% | 6.94% | 2.15% | 3.71% | -12.76% | 6.17% | 10.98% | 8.68% | -1.43% | 3.28% |
Correlation
The correlation between SMH and IDTP.L is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2006 | -0.05 |
The correlation between SMH and IDTP.L shifts across timeframes, from -0.05 (all time) to 0.06 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SMH vs. IDTP.L — Risk / Return Rank
SMH
IDTP.L
SMH vs. IDTP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and iShares $ TIPS UCITS ETF USD (Acc) (IDTP.L). 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 | IDTP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.22 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 8.58 | 2.48 | +6.10 |
| Martin ratioReturn relative to average drawdown | 32.42 | 6.88 | +25.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMH | IDTP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.00 | 1.26 | +2.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.16 | +0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | 0.41 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.51 | -0.18 |
Drawdowns
SMH vs. IDTP.L - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, which is greater than IDTP.L's maximum drawdown of -15.12%. Use the drawdown chart below to compare losses from any high point for SMH and IDTP.L.
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Drawdown Indicators
| SMH | IDTP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -15.12% | -69.84% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -1.92% | -13.01% |
Max Drawdown (3Y)Largest decline over 3 years | -35.74% | -4.51% | -31.23% |
Max Drawdown (5Y)Largest decline over 5 years | -45.30% | -15.12% | -30.18% |
Max Drawdown (10Y)Largest decline over 10 years | -45.30% | -15.12% | -30.18% |
Current DrawdownCurrent decline from peak | -10.69% | -0.61% | -10.08% |
Average DrawdownAverage peak-to-trough decline | -41.08% | -4.22% | -36.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 0.69% | +3.25% |
Volatility
SMH vs. IDTP.L - Volatility Comparison
VanEck Semiconductor ETF (SMH) has a higher volatility of 14.88% compared to iShares $ TIPS UCITS ETF USD (Acc) (IDTP.L) at 1.30%. This indicates that SMH's price experiences larger fluctuations and is considered to be riskier than IDTP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH | IDTP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.88% | 1.30% | +13.58% |
Volatility (6M)Calculated over the trailing 6-month period | 26.35% | 2.66% | +23.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.03% | 3.78% | +28.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.24% | 6.13% | +29.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.70% | 6.37% | +26.33% |
SMH vs. IDTP.L - Expense Ratio Comparison
SMH has a 0.35% expense ratio, which is higher than IDTP.L's 0.12% expense ratio.
Dividends
SMH vs. IDTP.L - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.19%, while IDTP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDTP.L iShares $ TIPS 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 | 0.19% | 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 IDTP.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDTP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDTP.L is cheaper with a 0.12% expense ratio, compared with 0.35% for SMH.
SMH is categorized as Semiconductors, while IDTP.L is Inflation-Protected Bonds. SMH tracks MVIS US Listed Semiconductor 25 Index, while IDTP.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.35% for SMH and 0.12% for IDTP.L.
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