SMHC vs. HODL

Last updated Jul 18, 2026

SMHC (VanEck China Semiconductor ETF) and HODL (VanEck Bitcoin Trust) are both exchange-traded funds - SMHC is a China Equities fund tracking the MarketVector China Semiconductor 25 Index, while HODL is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. At a 0.10 correlation, their price movements are largely independent. SMHC charges 0.65%/yr vs 0.25%/yr for HODL.

Performance

SMHC vs. HODL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck China Semiconductor ETF (SMHC) and VanEck Bitcoin Trust (HODL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMHC

• 1D: -6.17%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HODL

• 1D: -0.17%
• 1M: 1.85%
• 6M: -32.93%
• YTD: -26.69%
• 1Y: -45.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMHC vs. HODL - Yearly Performance Comparison

	2026 (YTD)
SMHC VanEck China Semiconductor ETF	-15.04%
HODL VanEck Bitcoin Trust	2.89%

Correlation

The correlation between SMHC and HODL is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 24, 2026	0.10

Return for Risk

SMHC vs. HODL — Risk / Return Rank

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

SMHC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HODL

HODL Risk / Return Rank: 2
HODL Sharpe Ratio Rank: 1
HODL Sortino Ratio Rank: 2
HODL Omega Ratio Rank: 2
HODL Calmar Ratio Rank: 2
HODL Martin Ratio Rank: 2

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.

SMHC vs. HODL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck China Semiconductor ETF (SMHC) and VanEck Bitcoin Trust (HODL). 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.

	SMHC	HODL	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.05	—
Sortino ratio: Return per unit of downside risk	—	-1.59	—
Omega ratio: Gain probability vs. loss probability	—	0.82	—
Calmar ratio: Return relative to maximum drawdown	—	-0.87	—
Martin ratio: Return relative to average drawdown	—	-1.39	—

Drawdowns

SMHC vs. HODL - Drawdown Comparison

The maximum SMHC drawdown since its inception was -24.16%, smaller than the maximum HODL drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for SMHC and HODL.

Drawdown Indicators

	SMHC	HODL	Difference
Max Drawdown Largest peak-to-trough decline	-24.16%	-53.20%	+29.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.20%	—
Current Drawdown Current decline from peak	-24.16%	-48.92%	+24.76%
Average Drawdown Average peak-to-trough decline	-9.02%	-17.69%	+8.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	33.19%	—

Volatility

Volatility by Period

	SMHC	HODL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	80.83%	44.14%	+36.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.83%	49.55%	+31.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.83%	49.55%	+31.28%

SMHC vs. HODL - Expense Ratio Comparison

SMHC has a 0.65% expense ratio, which is higher than HODL's 0.25% expense ratio.

Dividends

SMHC vs. HODL - Dividend Comparison

Neither SMHC nor HODL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SMHC and HODL in my portfolio?

SMHC and HODL have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMHC or HODL?

On fees, HODL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMHC or HODL?

HODL is cheaper with a 0.25% expense ratio, compared with 0.65% for SMHC.

Which ETF pays a higher dividend yield, SMHC or HODL?

SMHC and HODL have nearly identical dividend yields, around 0.00%.

What is the main difference between SMHC and HODL?

SMHC is categorized as China Equities, while HODL is Cryptocurrency. SMHC tracks MarketVector China Semiconductor 25 Index, while HODL tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.65% for SMHC and 0.25% for HODL.