SNSR.L vs. SMH.L
SNSR.L (Global X Internet of Things UCITS ETF USD Acc) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - SNSR.L is a Technology Equities fund tracking the Global X Internet of Things UCITS ETF USD Acc, while SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past 3 years, SNSR.L returned 10.04%/yr vs 54.24%/yr for SMH.L. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
SNSR.L vs. SMH.L - Performance Comparison
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Returns By Period
In the year-to-date period, SNSR.L achieves a 25.01% return, which is significantly lower than SMH.L's 76.50% return.
SNSR.L
- 1D
- -0.68%
- 1M
- -9.96%
- 6M
- 22.46%
- YTD
- 25.01%
- 1Y
- 22.63%
- 3Y*
- 10.04%
- 5Y*
- —
- 10Y*
- —
SMH.L
- 1D
- -3.48%
- 1M
- -8.87%
- 6M
- 62.90%
- YTD
- 76.50%
- 1Y
- 124.23%
- 3Y*
- 54.24%
- 5Y*
- 35.65%
- 10Y*
- —
SNSR.L vs. SMH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SNSR.L Global X Internet of Things UCITS ETF USD Acc | 25.01% | 6.74% | -0.81% | 23.59% | -25.30% | -2.76% |
SMH.L VanEck Semiconductor UCITS ETF | 76.50% | 49.20% | 24.11% | 75.94% | -35.54% | 3.22% |
Correlation
The correlation between SNSR.L and SMH.L is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.83 |
The correlation between SNSR.L and SMH.L has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
SNSR.L vs. SMH.L — Risk / Return Rank
SNSR.L
SMH.L
SNSR.L vs. SMH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Internet of Things UCITS ETF USD Acc (SNSR.L) and VanEck Semiconductor UCITS ETF (SMH.L). 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.
| SNSR.L | SMH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.47 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 8.88 | -7.15 |
| Martin ratioReturn relative to average drawdown | 4.35 | 27.77 | -23.42 |
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Drawdowns
SNSR.L vs. SMH.L - Drawdown Comparison
The maximum SNSR.L drawdown since its inception was -38.29%, smaller than the maximum SMH.L drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for SNSR.L and SMH.L.
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Drawdown Indicators
| SNSR.L | SMH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.29% | -45.38% | +7.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.81% | -13.91% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -28.57% | -36.25% | +7.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.38% | — |
Current DrawdownCurrent decline from peak | -13.17% | -11.91% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -14.27% | -11.12% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 4.46% | +1.04% |
Volatility
SNSR.L vs. SMH.L - Volatility Comparison
The current volatility for Global X Internet of Things UCITS ETF USD Acc (SNSR.L) is 9.08%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 16.26%. This indicates that SNSR.L experiences smaller price fluctuations and is considered to be less risky than SMH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNSR.L | SMH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.08% | 16.26% | -7.18% |
Volatility (6M)Calculated over the trailing 6-month period | 20.67% | 30.80% | -10.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.85% | 36.96% | -12.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.56% | 33.56% | -9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.56% | 32.93% | -8.37% |
Dividends
SNSR.L vs. SMH.L - Dividend Comparison
Neither SNSR.L nor SMH.L has paid dividends to shareholders.
Frequently Asked Questions
SNSR.L and SMH.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNSR.L is categorized as Technology Equities, while SMH.L is Semiconductors. SNSR.L tracks Global X Internet of Things UCITS ETF USD Acc, while SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: Global X and VanEck.
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