PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
SMH vs. XLK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SMH and XLK is 0.85, 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.


-0.50.00.51.00.8

Performance

SMH vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Semiconductor ETF (SMH) and Technology Select Sector SPDR Fund (XLK). The values are adjusted to include any dividend payments, if applicable.

-15.00%-10.00%-5.00%0.00%5.00%AugustSeptemberOctoberNovemberDecember2025
3.41%
5.18%
SMH
XLK

Key characteristics

Sharpe Ratio

SMH:

1.32

XLK:

0.97

Sortino Ratio

SMH:

1.84

XLK:

1.39

Omega Ratio

SMH:

1.23

XLK:

1.18

Calmar Ratio

SMH:

1.86

XLK:

1.27

Martin Ratio

SMH:

4.47

XLK:

4.30

Ulcer Index

SMH:

10.32%

XLK:

4.99%

Daily Std Dev

SMH:

34.85%

XLK:

22.16%

Max Drawdown

SMH:

-83.29%

XLK:

-82.05%

Current Drawdown

SMH:

-6.30%

XLK:

-2.07%

Returns By Period

In the year-to-date period, SMH achieves a 8.35% return, which is significantly higher than XLK's 1.52% return. Over the past 10 years, SMH has outperformed XLK with an annualized return of 26.77%, while XLK has yielded a comparatively lower 20.55% annualized return.


SMH

YTD

8.35%

1M

8.59%

6M

3.41%

1Y

40.15%

5Y*

29.77%

10Y*

26.77%

XLK

YTD

1.52%

1M

0.21%

6M

5.18%

1Y

18.22%

5Y*

20.42%

10Y*

20.55%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SMH vs. XLK - Expense Ratio Comparison

SMH has a 0.35% expense ratio, which is higher than XLK's 0.13% expense ratio.


SMH
VanEck Vectors Semiconductor ETF
Expense ratio chart for SMH: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for XLK: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%

Risk-Adjusted Performance

SMH vs. XLK — Risk-Adjusted Performance Rank

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

SMH
The Risk-Adjusted Performance Rank of SMH is 5050
Overall Rank
The Sharpe Ratio Rank of SMH is 5151
Sharpe Ratio Rank
The Sortino Ratio Rank of SMH is 4949
Sortino Ratio Rank
The Omega Ratio Rank of SMH is 4949
Omega Ratio Rank
The Calmar Ratio Rank of SMH is 5959
Calmar Ratio Rank
The Martin Ratio Rank of SMH is 4242
Martin Ratio Rank

XLK
The Risk-Adjusted Performance Rank of XLK is 3939
Overall Rank
The Sharpe Ratio Rank of XLK is 3636
Sharpe Ratio Rank
The Sortino Ratio Rank of XLK is 3434
Sortino Ratio Rank
The Omega Ratio Rank of XLK is 3636
Omega Ratio Rank
The Calmar Ratio Rank of XLK is 4747
Calmar Ratio Rank
The Martin Ratio Rank of XLK is 4242
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SMH vs. XLK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Semiconductor ETF (SMH) and Technology Select Sector SPDR Fund (XLK). 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.


Sharpe ratio
The chart of Sharpe ratio for SMH, currently valued at 1.32, compared to the broader market0.002.004.001.320.97
The chart of Sortino ratio for SMH, currently valued at 1.83, compared to the broader market0.005.0010.0015.001.841.39
The chart of Omega ratio for SMH, currently valued at 1.23, compared to the broader market1.002.003.001.231.18
The chart of Calmar ratio for SMH, currently valued at 1.86, compared to the broader market0.005.0010.0015.0020.001.861.27
The chart of Martin ratio for SMH, currently valued at 4.47, compared to the broader market0.0020.0040.0060.0080.00100.004.474.30
SMH
XLK

The current SMH Sharpe Ratio is 1.32, which is higher than the XLK Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of SMH and XLK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.50AugustSeptemberOctoberNovemberDecember2025
1.32
0.97
SMH
XLK

Dividends

SMH vs. XLK - Dividend Comparison

SMH's dividend yield for the trailing twelve months is around 0.41%, less than XLK's 0.65% yield.


TTM20242023202220212020201920182017201620152014
SMH
VanEck Vectors Semiconductor ETF
0.41%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%1.16%
XLK
Technology Select Sector SPDR Fund
0.65%0.66%0.76%1.04%0.65%0.92%1.16%1.60%1.37%1.74%1.79%1.75%

Drawdowns

SMH vs. XLK - Drawdown Comparison

The maximum SMH drawdown since its inception was -83.29%, roughly equal to the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for SMH and XLK. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-6.30%
-2.07%
SMH
XLK

Volatility

SMH vs. XLK - Volatility Comparison

VanEck Vectors Semiconductor ETF (SMH) has a higher volatility of 8.76% compared to Technology Select Sector SPDR Fund (XLK) at 6.52%. This indicates that SMH's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%AugustSeptemberOctoberNovemberDecember2025
8.76%
6.52%
SMH
XLK
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2025 PortfoliosLab