SMH vs. SXRS.DE
SMH (VanEck Semiconductor ETF) and SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while SXRS.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, SMH returned 38.42%/yr vs 9.88%/yr for SXRS.DE. At a 0.13 correlation, their price movements are largely independent. SMH charges 0.35%/yr vs 0.19%/yr for SXRS.DE.
Performance
SMH vs. SXRS.DE - Performance Comparison
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Different Trading Currencies
SMH is traded in USD, while SXRS.DE is traded in EUR. To make them comparable, the SXRS.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMH achieves a 72.15% return, which is significantly higher than SXRS.DE's 17.04% return.
SMH
- 1D
- 1.72%
- 1M
- 11.44%
- YTD
- 72.15%
- 6M
- 75.62%
- 1Y
- 141.99%
- 3Y*
- 60.05%
- 5Y*
- 38.42%
- 10Y*
- 37.49%
SXRS.DE
- 1D
- -1.66%
- 1M
- -7.66%
- YTD
- 17.04%
- 6M
- 20.60%
- 1Y
- 28.08%
- 3Y*
- 13.48%
- 5Y*
- 9.88%
- 10Y*
- —
SMH vs. SXRS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 72.15% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 14.58% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 17.04% | 18.17% | 4.70% | -7.67% | 13.97% | 28.96% | -4.91% | 7.56% | -25.24% | 9.94% |
Correlation
The correlation between SMH and SXRS.DE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.13 |
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Return for Risk
SMH vs. SXRS.DE — Risk / Return Rank
SMH
SXRS.DE
SMH vs. SXRS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and iShares Diversified Commodity Swap UCITS ETF (SXRS.DE). 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 | SXRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.30 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 9.18 | 3.06 | +6.12 |
| Martin ratioReturn relative to average drawdown | 33.74 | 8.55 | +25.19 |
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Drawdowns
SMH vs. SXRS.DE - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, which is greater than SXRS.DE's maximum drawdown of -45.31%. Use the drawdown chart below to compare losses from any high point for SMH and SXRS.DE.
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Drawdown Indicators
| SMH | SXRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -45.31% | -39.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -9.68% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -35.74% | -11.48% | -24.26% |
Max Drawdown (5Y)Largest decline over 5 years | -45.30% | -26.40% | -18.90% |
Max Drawdown (10Y)Largest decline over 10 years | -45.30% | — | — |
Current DrawdownCurrent decline from peak | -2.81% | -9.68% | +6.87% |
Average DrawdownAverage peak-to-trough decline | -41.04% | -18.36% | -22.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 3.48% | +0.58% |
Volatility
SMH vs. SXRS.DE - Volatility Comparison
VanEck Semiconductor ETF (SMH) has a higher volatility of 16.25% compared to iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) at 5.02%. This indicates that SMH's price experiences larger fluctuations and is considered to be riskier than SXRS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH | SXRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.25% | 5.02% | +11.23% |
Volatility (6M)Calculated over the trailing 6-month period | 27.73% | 16.38% | +11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.20% | 18.26% | +14.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.47% | 17.16% | +18.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.82% | 16.84% | +15.98% |
SMH vs. SXRS.DE - Expense Ratio Comparison
SMH has a 0.35% expense ratio, which is higher than SXRS.DE's 0.19% expense ratio.
Dividends
SMH vs. SXRS.DE - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.18%, while SXRS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 0.18% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMH and SXRS.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.35% for SMH.
SMH is categorized as Semiconductors, while SXRS.DE is Commodities. SMH tracks MVIS US Listed Semiconductor 25 Index, while SXRS.DE tracks Bloomberg Commodity. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.35% for SMH and 0.19% for SXRS.DE.
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