SMH vs. MUYY

Last updated Aug 5, 2026

SMH (VanEck Semiconductor ETF) and MUYY (GraniteShares YieldBOOST MU ETF) are both exchange-traded funds - SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while MUYY is a Derivative Income fund actively managed by GraniteShares. SMH is passively managed, while MUYY is actively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. SMH charges 0.35%/yr vs 1.07%/yr for MUYY.

Performance

SMH vs. MUYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Semiconductor ETF (SMH) and GraniteShares YieldBOOST MU ETF (MUYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMH

• 1D: 5.55%
• 1M: -2.80%
• 6M: 44.77%
• YTD: 59.86%
• 1Y: 99.01%
• 3Y*: 55.82%
• 5Y*: 34.46%
• 10Y*: 34.72%
• ALL TIME*: 11.32%

MUYY

• 1D: 0.66%
• 1M: -6.26%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MUYY GraniteShares YieldBOOST MU ETF	$998.56K	$1.34M	$1.54M
SMH VanEck Semiconductor ETF	$8.39B	$7.14B	$7.06B

SMH vs. MUYY - Yearly Performance Comparison

	2026 (YTD)
SMH VanEck Semiconductor ETF	29.86%
MUYY GraniteShares YieldBOOST MU ETF	5.87%

Correlation

The correlation between SMH and MUYY is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 14, 2026	0.72

Return for Risk

SMH vs. MUYY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SMH

SMH Risk / Return Rank: 87
SMH Sharpe Ratio Rank: 92
SMH Sortino Ratio Rank: 81
SMH Omega Ratio Rank: 84
SMH Calmar Ratio Rank: 90
SMH Martin Ratio Rank: 91

MUYY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SMH vs. MUYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and GraniteShares YieldBOOST MU ETF (MUYY). 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	MUYY	Difference
Sharpe ratio: Return per unit of total volatility	2.57	—	—
Sortino ratio: Return per unit of downside risk	2.93	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	4.04	—	—
Martin ratio: Return relative to average drawdown	16.06	—	—

Drawdowns

SMH vs. MUYY - Drawdown Comparison

The maximum SMH drawdown since its inception was -84.96%, which is greater than MUYY's maximum drawdown of -10.76%. Use the drawdown chart below to compare losses from any high point for SMH and MUYY.

Drawdown Indicators

	SMH	MUYY	Difference
Max Drawdown Largest peak-to-trough decline	-84.96%	-10.76%	-74.20%
Max Drawdown (1Y) Largest decline over 1 year	-24.62%	—	—
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	-13.93%	-9.81%	-4.12%
Average Drawdown Average peak-to-trough decline	-40.88%	-2.97%	-37.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	—	—

Volatility

Volatility by Period

	SMH	MUYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.78%	18.80%	+19.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.59%	18.80%	+17.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.37%	18.80%	+14.57%

SMH vs. MUYY - Expense Ratio Comparison

SMH has a 0.35% expense ratio, which is lower than MUYY's 1.07% expense ratio.

Dividends

SMH vs. MUYY - Dividend Comparison

SMH's dividend yield for the trailing twelve months is around 0.19%, less than MUYY's 35.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MUYY GraniteShares YieldBOOST MU ETF	35.62%	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 MUYY in my portfolio?

SMH and MUYY have a correlation of 0.72, 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 MUYY?

On fees, SMH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMH or MUYY?

SMH is cheaper with a 0.35% expense ratio, compared with 1.07% for MUYY.

Which ETF pays a higher dividend yield, SMH or MUYY?

MUYY has the higher dividend yield at 35.62%, compared with 0.19% for SMH.

What is the main difference between SMH and MUYY?

SMH is categorized as Semiconductors, while MUYY is Derivative Income. They also come from different issuers: VanEck and GraniteShares. Their fees differ too: 0.35% for SMH and 1.07% for MUYY.