SMHX vs. MUYY

Last updated Jun 24, 2026

SMHX (VanEck Fabless Semiconductor ETF) and MUYY (GraniteShares YieldBOOST MU ETF) are both exchange-traded funds - SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index, while MUYY is a Derivative Income fund actively managed by GraniteShares. SMHX is passively managed, while MUYY is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. SMHX charges 0.35%/yr vs 1.07%/yr for MUYY.

Performance

SMHX vs. MUYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Fabless Semiconductor ETF (SMHX) and GraniteShares YieldBOOST MU ETF (MUYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMHX

• 1D: -5.60%
• 1M: 3.65%
• YTD: 64.32%
• 6M: 61.18%
• 1Y: 113.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUYY

• 1D: -1.54%
• 1M: 3.62%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMHX vs. MUYY - Yearly Performance Comparison

	2026 (YTD)
SMHX VanEck Fabless Semiconductor ETF	44.59%
MUYY GraniteShares YieldBOOST MU ETF	15.40%

Correlation

The correlation between SMHX and MUYY is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 14, 2026	0.54

Return for Risk

SMHX vs. MUYY — Risk / Return Rank

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

SMHX

SMHX Risk / Return Rank: 87
SMHX Sharpe Ratio Rank: 92
SMHX Sortino Ratio Rank: 80
SMHX Omega Ratio Rank: 81
SMHX Calmar Ratio Rank: 94
SMHX Martin Ratio Rank: 87

MUYY

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

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.

SMHX vs. MUYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Fabless Semiconductor ETF (SMHX) and GraniteShares YieldBOOST MU ETF (MUYY). 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.

	SMHX	MUYY	Difference
Sharpe ratio: Return per unit of total volatility	3.11	—	—
Sortino ratio: Return per unit of downside risk	3.36	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	6.69	—	—
Martin ratio: Return relative to average drawdown	17.96	—	—

Drawdowns

SMHX vs. MUYY - Drawdown Comparison

The maximum SMHX drawdown since its inception was -38.53%, which is greater than MUYY's maximum drawdown of -4.87%. Use the drawdown chart below to compare losses from any high point for SMHX and MUYY.

Drawdown Indicators

	SMHX	MUYY	Difference
Max Drawdown Largest peak-to-trough decline	-38.53%	-4.87%	-33.66%
Max Drawdown (1Y) Largest decline over 1 year	-17.06%	—	—
Current Drawdown Current decline from peak	-7.91%	-1.54%	-6.37%
Average Drawdown Average peak-to-trough decline	-7.34%	-1.03%	-6.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.34%	—	—

Volatility

Volatility by Period

	SMHX	MUYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.70%	17.98%	+18.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.48%	17.98%	+23.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.48%	17.98%	+23.50%

SMHX vs. MUYY - Expense Ratio Comparison

SMHX has a 0.35% expense ratio, which is lower than MUYY's 1.07% expense ratio.

Dividends

SMHX vs. MUYY - Dividend Comparison

SMHX's dividend yield for the trailing twelve months is around 0.01%, less than MUYY's 20.04% yield.

Position	TTM	2025	2024
MUYY GraniteShares YieldBOOST MU ETF	20.04%	0.00%	0.00%
SMHX VanEck Fabless Semiconductor ETF	0.01%	0.02%	0.04%

Frequently Asked Questions

Can I hold both SMHX and MUYY in my portfolio?

SMHX and MUYY have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMHX or MUYY?

On fees, SMHX is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMHX or MUYY?

SMHX is cheaper with a 0.35% expense ratio, compared with 1.07% for MUYY.

Which ETF pays a higher dividend yield, SMHX or MUYY?

MUYY has the higher dividend yield at 20.04%, compared with 0.01% for SMHX.

What is the main difference between SMHX and MUYY?

SMHX is categorized as Semiconductors, while MUYY is Derivative Income. They also come from different issuers: VanEck and GraniteShares. Their fees differ too: 0.35% for SMHX and 1.07% for MUYY.