SMHX vs. SMH
Compare and contrast key facts about VanEck Fabless Semiconductor ETF (SMHX) and VanEck Semiconductor ETF (SMH).
SMHX and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. Both SMHX and SMH 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. SMH - Performance Comparison
Loading graphics...
SMHX vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMHX VanEck Fabless Semiconductor ETF | -2.14% | 30.00% | 17.76% |
SMH VanEck Semiconductor ETF | 6.46% | 49.17% | 0.98% |
Returns By Period
In the year-to-date period, SMHX achieves a -2.14% return, which is significantly lower than SMH's 6.46% return.
SMHX
- 1D
- 6.30%
- 1M
- -3.11%
- YTD
- -2.14%
- 6M
- -2.75%
- 1Y
- 59.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- 5.76%
- 1M
- -5.65%
- YTD
- 6.46%
- 6M
- 17.84%
- 1Y
- 81.87%
- 3Y*
- 43.47%
- 5Y*
- 25.59%
- 10Y*
- 31.28%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SMHX vs. SMH - Expense Ratio Comparison
Both SMHX and SMH have an expense ratio of 0.35%.
Return for Risk
SMHX vs. SMH — Risk / Return Rank
SMHX
SMH
SMHX vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Fabless Semiconductor ETF (SMHX) and VanEck Semiconductor ETF (SMH). 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 | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 2.23 | -0.72 |
Sortino ratioReturn per unit of downside risk | 2.16 | 2.85 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.40 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 5.10 | -1.80 |
Martin ratioReturn relative to average drawdown | 8.92 | 18.29 | -9.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SMHX | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 2.23 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.28 | +0.46 |
Correlation
The correlation between SMHX and SMH is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SMHX vs. SMH - Dividend Comparison
SMHX's dividend yield for the trailing twelve months is around 0.02%, less than SMH's 0.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMHX VanEck Fabless Semiconductor ETF | 0.02% | 0.02% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.29% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
SMHX vs. SMH - Drawdown Comparison
The maximum SMHX drawdown since its inception was -38.53%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for SMHX and SMH.
Loading graphics...
Drawdown Indicators
| SMHX | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.53% | -84.96% | +46.43% |
Max Drawdown (1Y)Largest decline over 1 year | -17.51% | -15.95% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -11.83% | -10.03% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -7.94% | -41.36% | +33.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 4.44% | +2.03% |
Volatility
SMHX vs. SMH - Volatility Comparison
VanEck Fabless Semiconductor ETF (SMHX) and VanEck Semiconductor ETF (SMH) have volatilities of 11.72% and 12.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SMHX | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.72% | 12.11% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 24.44% | 23.95% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.38% | 36.84% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.83% | 34.71% | +5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.83% | 32.28% | +7.55% |