SMHX vs. ESPO
Compare and contrast key facts about VanEck Fabless Semiconductor ETF (SMHX) and VanEck Vectors Video Gaming and eSports ETF (ESPO).
SMHX and ESPO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMHX is a passively managed fund by VanEck that tracks the performance of the MarketVector™ US Listed Fabless Semiconductor Index. It was launched on Aug 27, 2024. ESPO is a passively managed fund by VanEck that tracks the performance of the MVIS Global Video Gaming and eSports Index. It was launched on Oct 16, 2018. Both SMHX and ESPO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SMHX vs. ESPO - Performance Comparison
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SMHX vs. ESPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMHX VanEck Fabless Semiconductor ETF | -2.14% | 30.00% | 17.76% |
ESPO VanEck Vectors Video Gaming and eSports ETF | -12.65% | 25.79% | 20.23% |
Returns By Period
In the year-to-date period, SMHX achieves a -2.14% return, which is significantly higher than ESPO's -12.65% return.
SMHX
- 1D
- 6.30%
- 1M
- -3.11%
- YTD
- -2.14%
- 6M
- -2.75%
- 1Y
- 59.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESPO
- 1D
- 3.58%
- 1M
- -3.50%
- YTD
- -12.65%
- 6M
- -24.42%
- 1Y
- 6.19%
- 3Y*
- 20.67%
- 5Y*
- 6.68%
- 10Y*
- —
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SMHX vs. ESPO - Expense Ratio Comparison
SMHX has a 0.35% expense ratio, which is lower than ESPO's 0.55% expense ratio.
Return for Risk
SMHX vs. ESPO — Risk / Return Rank
SMHX
ESPO
SMHX vs. ESPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Fabless Semiconductor ETF (SMHX) and VanEck Vectors Video Gaming and eSports ETF (ESPO). 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.
| SMHX | ESPO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.29 | +1.23 |
Sortino ratioReturn per unit of downside risk | 2.16 | 0.56 | +1.59 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.07 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 0.16 | +3.14 |
Martin ratioReturn relative to average drawdown | 8.92 | 0.39 | +8.53 |
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
| SMHX | ESPO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.29 | +1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.65 | +0.09 |
Correlation
The correlation between SMHX and ESPO is 0.56, 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
SMHX vs. ESPO - Dividend Comparison
SMHX's dividend yield for the trailing twelve months is around 0.02%, less than ESPO's 1.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SMHX VanEck Fabless Semiconductor ETF | 0.02% | 0.02% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ESPO VanEck Vectors Video Gaming and eSports ETF | 1.42% | 1.24% | 0.44% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% |
Drawdowns
SMHX vs. ESPO - Drawdown Comparison
The maximum SMHX drawdown since its inception was -38.53%, smaller than the maximum ESPO drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for SMHX and ESPO.
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Drawdown Indicators
| SMHX | ESPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.53% | -50.99% | +12.46% |
Max Drawdown (1Y)Largest decline over 1 year | -17.51% | -27.81% | +10.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.33% | — |
Current DrawdownCurrent decline from peak | -11.83% | -25.09% | +13.26% |
Average DrawdownAverage peak-to-trough decline | -7.94% | -14.80% | +6.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 11.38% | -4.91% |
Volatility
SMHX vs. ESPO - Volatility Comparison
VanEck Fabless Semiconductor ETF (SMHX) has a higher volatility of 11.72% compared to VanEck Vectors Video Gaming and eSports ETF (ESPO) at 8.19%. This indicates that SMHX's price experiences larger fluctuations and is considered to be riskier than ESPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMHX | ESPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.72% | 8.19% | +3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 24.44% | 14.32% | +10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.38% | 21.57% | +17.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.83% | 25.25% | +14.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.83% | 25.90% | +13.93% |