SPTE vs. SMH

Last updated Jun 3, 2026

SPTE (SP Funds S&P Global Technology ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - SPTE is a Technology Equities fund tracking the S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Over the past year, SPTE returned 78.57% vs 160.66% for SMH. Their correlation of 0.90 suggests significant overlap in exposure. SPTE charges 0.55%/yr vs 0.35%/yr for SMH.

Performance

SPTE vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P Global Technology ETF (SPTE) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPTE achieves a 43.53% return, which is significantly lower than SMH's 75.55% return.

SPTE

• 1D: 1.35%
• 1M: 19.33%
• YTD: 43.53%
• 6M: 43.81%
• 1Y: 78.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMH

• 1D: 4.01%
• 1M: 24.01%
• YTD: 75.55%
• 6M: 76.44%
• 1Y: 160.66%
• 3Y*: 63.68%
• 5Y*: 39.58%
• 10Y*: 37.55%

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

SPTE vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPTE SP Funds S&P Global Technology ETF	43.53%	26.37%	33.28%	5.24%
SMH VanEck Semiconductor ETF	75.55%	49.17%	39.10%	9.18%

Correlation

The correlation between SPTE and SMH is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 4, 2023	0.90

The correlation between SPTE and SMH has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

SPTE vs. SMH - Sectors Allocation Comparison

Sectors	SPTE	SMH
Technology	98.6%	100.0%
Industrials	0.3%	-
Healthcare	0.2%	-
Energy	0.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

SPTE vs. SMH — Risk / Return Rank

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

SPTE

SPTE Risk / Return Rank: 91
SPTE Sharpe Ratio Rank: 94
SPTE Sortino Ratio Rank: 91
SPTE Omega Ratio Rank: 88
SPTE Calmar Ratio Rank: 91
SPTE Martin Ratio Rank: 90

SMH

SMH Risk / Return Rank: 96
SMH Sharpe Ratio Rank: 98
SMH Sortino Ratio Rank: 95
SMH Omega Ratio Rank: 95
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 97

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.

SPTE vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global Technology ETF (SPTE) 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.

	SPTE	SMH	Difference
Sharpe ratio Return per unit of total volatility	3.59	5.29	-1.70
Sortino ratio Return per unit of downside risk	4.35	5.29	-0.94
Omega ratio Gain probability vs. loss probability	1.56	1.73	-0.17
Calmar ratio Return relative to maximum drawdown	5.77	11.02	-5.25
Martin ratio Return relative to average drawdown	21.18	42.34	-21.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPTE vs. SMH - Sharpe Ratio Comparison

The current SPTE Sharpe Ratio is 3.59, which is lower than the SMH Sharpe Ratio of 5.29. The chart below compares the historical Sharpe Ratios of SPTE and SMH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPTE	SMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.59	5.29	-1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.14	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	0.34	+1.43

Drawdowns

SPTE vs. SMH - Drawdown Comparison

The maximum SPTE drawdown since its inception was -25.55%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for SPTE and SMH.

Drawdown Indicators

	SPTE	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-25.55%	-84.96%	+59.41%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-14.93%	+1.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-35.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.30%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.07%	-41.09%	+37.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	3.89%	-0.13%

Volatility

SPTE vs. SMH - Volatility Comparison

The current volatility for SP Funds S&P Global Technology ETF (SPTE) is 7.45%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.59%. This indicates that SPTE experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPTE	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.45%	11.59%	-4.14%
Volatility (6M) Calculated over the trailing 6-month period	17.64%	24.29%	-6.65%
Volatility (1Y) Calculated over the trailing 1-year period	21.97%	30.57%	-8.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.82%	35.02%	-9.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.82%	32.58%	-6.76%

SPTE vs. SMH - Expense Ratio Comparison

SPTE has a 0.55% expense ratio, which is higher than SMH's 0.35% expense ratio.

Dividends

SPTE vs. SMH - Dividend Comparison

SPTE's dividend yield for the trailing twelve months is around 0.67%, more than SMH's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMH VanEck Semiconductor ETF	0.17%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%
SPTE SP Funds S&P Global Technology ETF	0.67%	0.96%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPTE and SMH in my portfolio?

SPTE and SMH have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPTE or SMH?

SMH has higher volatility (11.59%) compared to SPTE (7.45%). In terms of maximum drawdown, SPTE dropped -25.55% vs SMH's -84.96%.

Which ETF is better, SPTE or SMH?

On 1-year performance, SMH leads with 160.66% vs 78.57% for SPTE. On fees, SMH is cheaper at 0.35% per year. On volatility, SPTE has been the lower-risk option at 7.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPTE or SMH?

Over the 1-year period, SMH has performed better with a 160.66% return vs 78.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPTE or SMH?

SMH is cheaper with a 0.35% expense ratio, compared with 0.55% for SPTE.

Which ETF pays a higher dividend yield, SPTE or SMH?

SPTE has the higher dividend yield at 0.67%, compared with 0.17% for SMH.

What is the main difference between SPTE and SMH?

SPTE is categorized as Technology Equities, while SMH is Semiconductors. SPTE tracks S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross, while SMH tracks MVIS US Listed Semiconductor 25 Index. They also come from different issuers: SP Funds and VanEck. Their fees differ too: 0.55% for SPTE and 0.35% for SMH.

Which has better risk-adjusted returns?

SMH currently has the higher Sharpe Ratio (5.29 vs 3.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.