SMH3.L vs. VUG
Compare and contrast key facts about Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) and Vanguard Growth ETF (VUG).
SMH3.L and VUG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMH3.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021. VUG is a passively managed fund by Vanguard that tracks the performance of the CRSP US Large Cap Growth Index. It was launched on Nov 13, 2000.
Performance
SMH3.L vs. VUG - Performance Comparison
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SMH3.L vs. VUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMH3.L Leverage Shares 3x Long Semiconductors ETP Securities | 12.49% | 74.67% | 66.99% | 261.41% | -85.13% | 4.53% |
VUG Vanguard Growth ETF | -9.39% | 19.40% | 32.69% | 46.83% | -33.16% | 0.01% |
Returns By Period
In the year-to-date period, SMH3.L achieves a 12.49% return, which is significantly higher than VUG's -9.39% return.
SMH3.L
- 1D
- 18.04%
- 1M
- -10.93%
- YTD
- 12.49%
- 6M
- 34.61%
- 1Y
- 269.12%
- 3Y*
- 82.15%
- 5Y*
- —
- 10Y*
- —
VUG
- 1D
- 1.09%
- 1M
- -4.37%
- YTD
- -9.39%
- 6M
- -8.17%
- 1Y
- 18.52%
- 3Y*
- 21.59%
- 5Y*
- 11.67%
- 10Y*
- 16.16%
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SMH3.L vs. VUG - Expense Ratio Comparison
SMH3.L has a 0.75% expense ratio, which is higher than VUG's 0.03% expense ratio.
Return for Risk
SMH3.L vs. VUG — Risk / Return Rank
SMH3.L
VUG
SMH3.L vs. VUG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) and Vanguard Growth ETF (VUG). 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.
| SMH3.L | VUG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.75 | 0.82 | +1.93 |
Sortino ratioReturn per unit of downside risk | 2.78 | 1.32 | +1.45 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 6.66 | 1.19 | +5.48 |
Martin ratioReturn relative to average drawdown | 21.41 | 4.15 | +17.26 |
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
| SMH3.L | VUG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 0.82 | +1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.57 | -0.42 |
Correlation
The correlation between SMH3.L and VUG is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SMH3.L vs. VUG - Dividend Comparison
SMH3.L has not paid dividends to shareholders, while VUG's dividend yield for the trailing twelve months is around 0.45%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH3.L Leverage Shares 3x Long Semiconductors ETP Securities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUG Vanguard Growth ETF | 0.45% | 0.41% | 0.47% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.14% | 1.39% | 1.30% |
Drawdowns
SMH3.L vs. VUG - Drawdown Comparison
The maximum SMH3.L drawdown since its inception was -89.37%, which is greater than VUG's maximum drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for SMH3.L and VUG.
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Drawdown Indicators
| SMH3.L | VUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.37% | -50.68% | -38.69% |
Max Drawdown (1Y)Largest decline over 1 year | -43.09% | -16.53% | -26.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.61% | — |
Current DrawdownCurrent decline from peak | -24.85% | -12.25% | -12.60% |
Average DrawdownAverage peak-to-trough decline | -50.06% | -7.13% | -42.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.21% | 4.72% | +7.49% |
Volatility
SMH3.L vs. VUG - Volatility Comparison
Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) has a higher volatility of 30.75% compared to Vanguard Growth ETF (VUG) at 7.12%. This indicates that SMH3.L's price experiences larger fluctuations and is considered to be riskier than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH3.L | VUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.75% | 7.12% | +23.63% |
Volatility (6M)Calculated over the trailing 6-month period | 67.92% | 12.70% | +55.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.22% | 22.70% | +74.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.97% | 22.22% | +77.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.97% | 21.38% | +78.59% |