SMH vs. SEMY
SMH (VanEck Semiconductor ETF) and SEMY (GraniteShares YieldBOOST Semiconductors ETF) are both exchange-traded funds - SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while SEMY is a Derivative Income fund actively managed by GraniteShares. SMH is passively managed, while SEMY is actively managed. Their correlation of 0.85 means they have usually moved in the same direction. SMH charges 0.35%/yr vs 1.07%/yr for SEMY.
Performance
SMH vs. SEMY - Performance Comparison
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Returns By Period
In the year-to-date period, SMH achieves a 59.86% return, which is significantly higher than SEMY's 35.21% return.
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%
SEMY
- 1D
- 0.36%
- 1M
- -1.51%
- 6M
- 21.79%
- YTD
- 35.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.15M | $3.00M | $3.88M | |
| $8.39B | $7.14B | $7.06B |
SMH vs. SEMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMH VanEck Semiconductor ETF | 59.86% | 6.16% |
SEMY GraniteShares YieldBOOST Semiconductors ETF | 35.21% | -0.56% |
Correlation
The correlation between SMH and SEMY is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.85 |
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Return for Risk
SMH vs. SEMY — Risk / Return Rank
SMH
SEMY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SMH vs. SEMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and GraniteShares YieldBOOST Semiconductors ETF (SEMY). 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 | SEMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | — | — |
| Martin ratioReturn relative to average drawdown | 16.06 | — | — |
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Drawdowns
SMH vs. SEMY - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, which is greater than SEMY's maximum drawdown of -11.46%. Use the drawdown chart below to compare losses from any high point for SMH and SEMY.
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Drawdown Indicators
| SMH | SEMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -11.46% | -73.50% |
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 DrawdownCurrent decline from peak | -13.93% | -4.69% | -9.24% |
Average DrawdownAverage peak-to-trough decline | -40.88% | -2.68% | -38.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.19% | — | — |
Volatility
SMH vs. SEMY - Volatility Comparison
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Volatility by Period
| SMH | SEMY | 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% | 24.91% | +13.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.59% | 24.91% | +11.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.37% | 24.91% | +8.46% |
SMH vs. SEMY - Expense Ratio Comparison
SMH has a 0.35% expense ratio, which is lower than SEMY's 1.07% expense ratio.
Dividends
SMH vs. SEMY - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.19%, less than SEMY's 116.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEMY GraniteShares YieldBOOST Semiconductors ETF | 116.75% | 17.55% | 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 SEMY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SMH is cheaper with a 0.35% expense ratio, compared with 1.07% for SEMY.
SEMY has the higher dividend yield at 116.75%, compared with 0.19% for SMH.
SMH is categorized as Semiconductors, while SEMY is Derivative Income. They also come from different issuers: VanEck and GraniteShares. Their fees differ too: 0.35% for SMH and 1.07% for SEMY.
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