SMH vs. SWVXX

Last updated Apr 4, 2026

Compare and contrast key facts about VanEck Semiconductor ETF (SMH) and Schwab Value Advantage Money Fund (SWVXX).

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. SWVXX is an actively managed fund by Charles Schwab. It was launched on Aug 27, 1993.

Performance

SMH vs. SWVXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Semiconductor ETF (SMH) and Schwab Value Advantage Money Fund (SWVXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMH achieves a 8.94% return, which is significantly higher than SWVXX's 0.57% return.

SMH

• 1D: 0.09%
• 1M: -1.70%
• YTD: 8.94%
• 6M: 16.89%
• 1Y: 101.23%
• 3Y*: 44.85%
• 5Y*: 26.17%
• 10Y*: 31.69%

SWVXX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.57%
• 6M: 1.55%
• 1Y: 3.68%
• 3Y*: 4.68%
• 5Y*: —
• 10Y*: —

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

SMH vs. SWVXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SMH VanEck Semiconductor ETF	8.94%	49.17%	39.10%	73.38%	-33.53%	26.71%
SWVXX Schwab Value Advantage Money Fund	0.57%	4.15%	5.16%	5.04%	0.00%	0.00%

Correlation

The correlation between SMH and SWVXX is -0.04, meaning they tend to move in opposite directions. This is especially valuable for risk management — when one declines, the other has historically tended to hold steady or rise, cushioning overall portfolio drawdowns.

SMH vs. SWVXX - Expense Ratio Comparison

SMH has a 0.35% expense ratio, which is higher than SWVXX's 0.34% expense ratio.

SMH

VanEck Semiconductor ETF

SWVXX

Schwab Value Advantage Money Fund

Return for Risk

SMH vs. SWVXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMH

SMH Risk / Return Rank: 94
SMH Sharpe Ratio Rank: 93
SMH Sortino Ratio Rank: 93
SMH Omega Ratio Rank: 91
SMH Calmar Ratio Rank: 96
SMH Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMH vs. SWVXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and Schwab Value Advantage Money Fund (SWVXX). 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	SWVXX	Difference
Sharpe ratio Return per unit of total volatility	2.28	3.52	-1.23
Sortino ratio Return per unit of downside risk	2.89	—	—
Omega ratio Gain probability vs. loss probability	1.41	—	—
Calmar ratio Return relative to maximum drawdown	5.34	—	—
Martin ratio Return relative to average drawdown	18.94	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMH vs. SWVXX - Sharpe Ratio Comparison

The current SMH Sharpe Ratio is 2.28, which is lower than the SWVXX Sharpe Ratio of 3.52. The chart below compares the historical Sharpe Ratios of SMH and SWVXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SMH	SWVXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	3.52	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	2.88	-2.60

Drawdowns

SMH vs. SWVXX - Drawdown Comparison

The maximum SMH drawdown since its inception was -84.96%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SMH and SWVXX.

Drawdown Indicators

	SMH	SWVXX	Difference
Max Drawdown Largest peak-to-trough decline	-84.96%	0.00%	-84.96%
Max Drawdown (1Y) Largest decline over 1 year	-14.93%	0.00%	-14.93%
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	-7.94%	0.00%	-7.94%
Average Drawdown Average peak-to-trough decline	-41.35%	0.00%	-41.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	0.00%	+4.50%

Volatility

SMH vs. SWVXX - Volatility Comparison

VanEck Semiconductor ETF (SMH) has a higher volatility of 11.55% compared to Schwab Value Advantage Money Fund (SWVXX) at 0.00%. This indicates that SMH's price experiences larger fluctuations and is considered to be riskier than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMH	SWVXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	0.00%	+11.55%
Volatility (6M) Calculated over the trailing 6-month period	23.93%	0.75%	+23.18%
Volatility (1Y) Calculated over the trailing 1-year period	36.88%	1.09%	+35.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.67%	1.09%	+33.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.28%	1.09%	+31.19%

Dividends

SMH vs. SWVXX - Dividend Comparison

SMH's dividend yield for the trailing twelve months is around 0.28%, less than SWVXX's 3.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMH VanEck Semiconductor ETF	0.28%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%
SWVXX Schwab Value Advantage Money Fund	3.61%	4.06%	5.02%	4.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%