SMH vs. SOXQ
Compare and contrast key facts about VanEck Vectors Semiconductor ETF (SMH) and Invesco PHLX Semiconductor ETF (SOXQ).
SMH and SOXQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. SOXQ is a passively managed fund by Invesco that tracks the performance of the PHLX / Semiconductor. It was launched on Jun 11, 2021. Both SMH and SOXQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMH or SOXQ.
Performance
SMH vs. SOXQ - Performance Comparison
Returns By Period
In the year-to-date period, SMH achieves a 38.70% return, which is significantly higher than SOXQ's 17.75% return.
SMH
38.70%
-4.07%
2.51%
50.18%
33.07%
28.01%
SOXQ
17.75%
-6.33%
-4.45%
31.82%
N/A
N/A
Key characteristics
| SMH | SOXQ | |
|---|---|---|
| Sharpe Ratio | 1.39 | 0.84 |
| Sortino Ratio | 1.90 | 1.30 |
| Omega Ratio | 1.25 | 1.17 |
| Calmar Ratio | 1.93 | 1.17 |
| Martin Ratio | 5.19 | 3.03 |
| Ulcer Index | 9.24% | 9.70% |
| Daily Std Dev | 34.45% | 34.78% |
| Max Drawdown | -95.73% | -46.01% |
| Current Drawdown | -13.77% | -17.13% |
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SMH vs. SOXQ - Expense Ratio Comparison
SMH has a 0.35% expense ratio, which is higher than SOXQ's 0.00% expense ratio.
Correlation
The correlation between SMH and SOXQ is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SMH vs. SOXQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Semiconductor ETF (SMH) and Invesco PHLX Semiconductor ETF (SOXQ). 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.
Dividends
SMH vs. SOXQ - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.43%, less than SOXQ's 0.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Vectors Semiconductor ETF | 0.43% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
SOXQ Invesco PHLX Semiconductor ETF | 0.71% | 0.87% | 1.36% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMH vs. SOXQ - Drawdown Comparison
The maximum SMH drawdown since its inception was -95.73%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for SMH and SOXQ. For additional features, visit the drawdowns tool.
Volatility
SMH vs. SOXQ - Volatility Comparison
The current volatility for VanEck Vectors Semiconductor ETF (SMH) is 8.33%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 9.28%. This indicates that SMH experiences smaller price fluctuations and is considered to be less risky than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.