SMH vs. USD=X
SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while USD=X (USD Cash) is a currency. Over the past 10 years, SMH returned 36.92%/yr vs 0.00%/yr for USD=X.
Performance
SMH vs. USD=X - Performance Comparison
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Returns By Period
SMH
- 1D
- 5.00%
- 1M
- 5.58%
- YTD
- 66.10%
- 6M
- 62.81%
- 1Y
- 137.42%
- 3Y*
- 60.43%
- 5Y*
- 37.89%
- 10Y*
- 36.92%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
SMH vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 66.10% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
SMH vs. USD=X — Risk / Return Rank
SMH
USD=X
SMH vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.62 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 9.26 | — | — |
| Martin ratioReturn relative to average drawdown | 34.80 | — | — |
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 | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.27 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | — | — |
Drawdowns
SMH vs. USD=X - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SMH and USD=X.
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Drawdown Indicators
| SMH | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 (3Y)Largest decline over 3 years | -35.74% | 0.00% | -35.74% |
Max Drawdown (5Y)Largest decline over 5 years | -45.30% | 0.00% | -45.30% |
Max Drawdown (10Y)Largest decline over 10 years | -45.30% | 0.00% | -45.30% |
Current DrawdownCurrent decline from peak | -6.23% | 0.00% | -6.23% |
Average DrawdownAverage peak-to-trough decline | -41.07% | 0.00% | -41.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 0.00% | +3.96% |
Volatility
SMH vs. USD=X - Volatility Comparison
VanEck Semiconductor ETF (SMH) has a higher volatility of 15.45% compared to USD Cash (USD=X) at 0.00%. This indicates that SMH's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.45% | 0.00% | +15.45% |
Volatility (6M)Calculated over the trailing 6-month period | 26.71% | 0.00% | +26.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.42% | 0.00% | +32.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.32% | 0.00% | +35.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.75% | 0.00% | +32.75% |
Frequently Asked Questions
SMH has higher volatility (15.45%) compared to USD=X (0.00%). In terms of maximum drawdown, SMH dropped -84.96% vs USD=X's 0.00%.
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