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 0.87 suggests significant overlap in exposure. 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 77.13% return, which is significantly higher than SEMY's 39.74% return.
SMH
- 1D
- 0.90%
- 1M
- 25.87%
- YTD
- 77.13%
- 6M
- 75.61%
- 1Y
- 157.20%
- 3Y*
- 64.17%
- 5Y*
- 39.21%
- 10Y*
- 37.68%
SEMY
- 1D
- 0.24%
- 1M
- 7.57%
- YTD
- 39.74%
- 6M
- 34.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH vs. SEMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMH VanEck Semiconductor ETF | 77.13% | 8.39% |
SEMY GraniteShares YieldBOOST Semiconductors ETF | 39.74% | -0.24% |
Correlation
The correlation between SMH and SEMY is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.87 |
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Return for Risk
SMH vs. SEMY — Risk / Return Rank
SMH
SEMY
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.
| SMH | SEMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.72 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 10.59 | — | — |
| Martin ratioReturn relative to average drawdown | 40.63 | — | — |
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 | SEMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.19 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 3.31 | -2.97 |
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 | -14.93% | — | — |
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 | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -41.09% | -2.60% | -38.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | — | — |
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 | 11.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 24.29% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.56% | 26.31% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.01% | 26.31% | +8.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.57% | 26.31% | +6.26% |
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 0.17%, less than SEMY's 82.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEMY GraniteShares YieldBOOST Semiconductors ETF | 82.11% | 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 | 0.17% | 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 0.87, 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 82.11%, compared with 0.17% 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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