Correlation
The correlation between SMN and SOXX is 0.78, 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.
SMN vs. SOXX
Compare and contrast key facts about ProShares UltraShort Basic Materials (SMN) and iShares PHLX Semiconductor ETF (SOXX).
SMN and SOXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMN is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Basic Materials Index (-200%). It was launched on Jan 30, 2007. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both SMN and SOXX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMN or SOXX.
Performance
SMN vs. SOXX - Performance Comparison
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Key characteristics
SMN:
0.11
SOXX:
-0.29
SMN:
0.45
SOXX:
-0.22
SMN:
1.06
SOXX:
0.97
SMN:
0.05
SOXX:
-0.36
SMN:
0.37
SOXX:
-0.79
SMN:
13.16%
SOXX:
18.93%
SMN:
40.10%
SOXX:
43.87%
SMN:
-99.90%
SOXX:
-70.21%
SMN:
-99.88%
SOXX:
-22.40%
Returns By Period
In the year-to-date period, SMN achieves a -10.28% return, which is significantly lower than SOXX's -4.77% return. Over the past 10 years, SMN has underperformed SOXX with an annualized return of -22.83%, while SOXX has yielded a comparatively higher 21.21% annualized return.
SMN
-10.28%
-6.08%
13.44%
4.36%
-8.13%
-27.49%
-22.83%
SOXX
-4.77%
11.48%
-4.58%
-12.56%
14.01%
20.59%
21.21%
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SMN vs. SOXX - Expense Ratio Comparison
SMN has a 0.95% expense ratio, which is higher than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
SMN vs. SOXX — Risk-Adjusted Performance Rank
SMN
SOXX
SMN vs. SOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Basic Materials (SMN) and iShares PHLX Semiconductor ETF (SOXX). 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.
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Dividends
SMN vs. SOXX - Dividend Comparison
SMN's dividend yield for the trailing twelve months is around 5.24%, more than SOXX's 0.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMN ProShares UltraShort Basic Materials | 5.24% | 5.02% | 4.54% | 0.42% | 0.00% | 0.00% | 0.72% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares PHLX Semiconductor ETF | 0.72% | 0.67% | 0.78% | 1.25% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% | 1.56% |
Drawdowns
SMN vs. SOXX - Drawdown Comparison
The maximum SMN drawdown since its inception was -99.90%, which is greater than SOXX's maximum drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for SMN and SOXX.
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Volatility
SMN vs. SOXX - Volatility Comparison
The current volatility for ProShares UltraShort Basic Materials (SMN) is 9.18%, while iShares PHLX Semiconductor ETF (SOXX) has a volatility of 9.81%. This indicates that SMN experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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