SMHX vs. SEMY

Last updated Jun 4, 2026

SMHX (VanEck Fabless Semiconductor ETF) and SEMY (GraniteShares YieldBOOST Semiconductors ETF) are both exchange-traded funds - SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index, while SEMY is a Derivative Income fund actively managed by GraniteShares. SMHX is passively managed, while SEMY is actively managed. Their correlation of 0.80 suggests significant overlap in exposure. SMHX charges 0.35%/yr vs 1.07%/yr for SEMY.

Performance

SMHX vs. SEMY - Performance Comparison

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

Returns By Period

In the year-to-date period, SMHX achieves a 78.44% return, which is significantly higher than SEMY's 39.74% return.

SMHX

• 1D: 0.94%
• 1M: 33.64%
• YTD: 78.44%
• 6M: 72.62%
• 1Y: 139.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SEMY

• 1D: 0.24%
• 1M: 7.57%
• YTD: 39.74%
• 6M: 34.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMHX vs. SEMY - Yearly Performance Comparison

	2026 (YTD)	2025
SMHX VanEck Fabless Semiconductor ETF	78.44%	5.23%
SEMY GraniteShares YieldBOOST Semiconductors ETF	39.74%	-0.24%

Correlation

The correlation between SMHX and SEMY is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.80

Return for Risk

SMHX vs. SEMY — Risk / Return Rank

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

SMHX

SMHX Risk / Return Rank: 93
SMHX Sharpe Ratio Rank: 96
SMHX Sortino Ratio Rank: 92
SMHX Omega Ratio Rank: 90
SMHX Calmar Ratio Rank: 95
SMHX Martin Ratio Rank: 92

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. SEMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Fabless Semiconductor ETF (SMHX) and GraniteShares YieldBOOST Semiconductors ETF (SEMY). 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	SEMY	Difference
Sharpe ratio: Return per unit of total volatility	4.30	—	—
Sortino ratio: Return per unit of downside risk	4.50	—	—
Omega ratio: Gain probability vs. loss probability	1.59	—	—
Calmar ratio: Return relative to maximum drawdown	8.22	—	—
Martin ratio: Return relative to average drawdown	23.13	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SMHX	SEMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.94	3.31	-1.37

Drawdowns

SMHX vs. SEMY - Drawdown Comparison

The maximum SMHX drawdown since its inception was -38.53%, which is greater than SEMY's maximum drawdown of -11.46%. Use the drawdown chart below to compare losses from any high point for SMHX and SEMY.

Drawdown Indicators

	SMHX	SEMY	Difference
Max Drawdown Largest peak-to-trough decline	-38.53%	-11.46%	-27.07%
Max Drawdown (1Y) Largest decline over 1 year	-17.06%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.33%	-2.60%	-4.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.05%	—	—

Volatility

Volatility by Period

	SMHX	SEMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	25.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	32.69%	26.31%	+6.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.97%	26.31%	+13.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.97%	26.31%	+13.66%

SMHX vs. SEMY - Expense Ratio Comparison

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

Dividends

SMHX vs. SEMY - Dividend Comparison

SMHX's dividend yield for the trailing twelve months is around 0.01%, less than SEMY's 82.11% yield.

Position	TTM	2025	2024
SEMY GraniteShares YieldBOOST Semiconductors ETF	82.11%	17.55%	0.00%
SMHX VanEck Fabless Semiconductor ETF	0.01%	0.02%	0.04%

Frequently Asked Questions

Can I hold both SMHX and SEMY in my portfolio?

SMHX and SEMY have a correlation of 0.80, 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 SEMY?

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 SEMY?

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

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

SEMY has the higher dividend yield at 82.11%, compared with 0.01% for SMHX.

What is the main difference between SMHX and SEMY?

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