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SUSW.L vs. SMH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SUSW.L vs. SMH

Last updated Jun 5, 2026

SUSW.L (iShares MSCI World SRI UCITS ETF EUR (Acc)) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - SUSW.L is a Global Equities fund tracking the MSCI ACWI NR USD, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Over the past 5 years, SUSW.L returned 10.52%/yr vs 40.05%/yr for SMH. At a 0.46 correlation, their price movements are largely independent. SUSW.L charges 0.20%/yr vs 0.35%/yr for SMH.

Performance

SUSW.L vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI World SRI UCITS ETF EUR (Acc) (SUSW.L) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SUSW.L is traded in EUR, while SMH is traded in USD. To make them comparable, the SMH values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SUSW.L achieves a 11.31% return, which is significantly lower than SMH's 76.24% return.

SUSW.L

1D
0.22%
1M
3.92%
YTD
11.31%
6M
11.35%
1Y
18.73%
3Y*
12.95%
5Y*
10.52%
10Y*
—

SMH

1D
0.00%
1M
15.46%
YTD
76.24%
6M
73.14%
1Y
146.82%
3Y*
59.13%
5Y*
40.05%
10Y*
37.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SUSW.L vs. SMH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SUSW.L
iShares MSCI World SRI UCITS ETF EUR (Acc)		11.31%1.89%18.34%20.78%-16.40%35.65%10.76%32.32%-3.09%2.02%
SMH
VanEck Semiconductor ETF		61.29%31.47%48.28%68.18%-29.41%52.76%42.71%68.17%-4.78%-1.66%

Correlation

The correlation between SUSW.L and SMH is 0.61, 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

0.61

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.48

Correlation (All Time)
Calculated using the full available price history since Oct 24, 2017

0.46

The correlation between SUSW.L and SMH shifts across timeframes, from 0.46 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.

SUSW.L vs. SMH - Sectors Allocation Comparison

Sectors
SUSW.L
SMH

Technology

30.6%
100.0%

Financial Services

17.1%

-

Industrials

11.8%

-

Healthcare

9.3%

-

Consumer Cyclical

9.2%

-

Communication Services

7.7%

-

Consumer Defensive

6.2%

-

Basic Materials

4.0%

-

Real Estate

2.3%

-

Utilities

1.8%

-

Energy

-

-

Technology

SUSW.L
30.6%
SMH
100.0%

Financial Services

SUSW.L
17.1%
SMH

-

Industrials

SUSW.L
11.8%
SMH

-

Healthcare

SUSW.L
9.3%
SMH

-

Consumer Cyclical

SUSW.L
9.2%
SMH

-

Communication Services

SUSW.L
7.7%
SMH

-

Consumer Defensive

SUSW.L
6.2%
SMH

-

Basic Materials

SUSW.L
4.0%
SMH

-

Real Estate

SUSW.L
2.3%
SMH

-

Utilities

SUSW.L
1.8%
SMH

-

Energy

SUSW.L

-

SMH

-

Compare stocks, funds, or ETFs

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iShares MSCI World SRI UCITS ETF EUR (Acc)

VanEck Semiconductor ETF

Often compared with SUSW.L:
SUSW.L vs. SPYSUSW.L vs. VTSUSW.L vs. ICLNSUSW.L vs. NASD.LSUSW.L vs. AIAI.LSUSW.L vs. XESC.LSUSW.L vs. XSPX.L
Often compared with SMH:
SMH vs. SOXXSMH vs. QQQSMH vs. VGTSMH vs. FSELXSMH vs. SPYSMH vs. SMHXSMH vs. XLK

Return for Risk

SUSW.L vs. SMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SUSW.L
SUSW.L Risk / Return Rank: 4646
Overall Rank
SUSW.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
SUSW.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
SUSW.L Omega Ratio Rank: 4444
Omega Ratio Rank
SUSW.L Calmar Ratio Rank: 4848
Calmar Ratio Rank
SUSW.L Martin Ratio Rank: 5252
Martin Ratio Rank
SMH
SMH Risk / Return Rank: 9494
Overall Rank
SMH Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
SMH Sortino Ratio Rank: 9090
Sortino Ratio Rank
SMH Omega Ratio Rank: 9292
Omega Ratio Rank
SMH Calmar Ratio Rank: 9696
Calmar Ratio Rank
SMH Martin Ratio Rank: 9595
Martin Ratio Rank
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.

SUSW.L vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World SRI UCITS ETF EUR (Acc) (SUSW.L) 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.

SUSW.LSMHDifference
Sharpe ratioReturn per unit of total volatility
1.50
4.86

-3.36

Sortino ratioReturn per unit of downside risk
2.18
4.96

-2.77

Omega ratioGain probability vs. loss probability

1.28

1.68

-0.40

Calmar ratioReturn relative to maximum drawdown

2.35

11.96

-9.61

Martin ratioReturn relative to average drawdown

8.66

41.83

-33.16

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUSW.L vs. SMH - Sharpe Ratio Comparison

The current SUSW.L Sharpe Ratio is 1.50, which is lower than the SMH Sharpe Ratio of 4.86. The chart below compares the historical Sharpe Ratios of SUSW.L 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.

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Sharpe Ratios by Period

SUSW.LSMHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.50

4.86

-3.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

1.17

-0.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.15

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.76

0.79

-0.03

Drawdowns

SUSW.L vs. SMH - Drawdown Comparison

The maximum SUSW.L drawdown since its inception was -32.09%, smaller than the maximum SMH drawdown of -56.36%. Use the drawdown chart below to compare losses from any high point for SUSW.L and SMH.

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Drawdown Indicators

SUSW.LSMHDifference

Max Drawdown

Largest peak-to-trough decline

-32.09%

-56.36%

+24.27%

Max Drawdown (1Y)

Largest decline over 1 year

-7.80%

-12.35%

+4.55%

Max Drawdown (3Y)

Largest decline over 3 years

-21.13%

-36.90%

+15.77%

Max Drawdown (5Y)

Largest decline over 5 years

-21.13%

-36.90%

+15.77%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.90%

—

Current Drawdown

Current decline from peak

0.00%

-1.76%

+1.76%

Average Drawdown

Average peak-to-trough decline

-4.93%

-11.16%

+6.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

3.52%

-1.38%

Volatility

SUSW.L vs. SMH - Volatility Comparison

The current volatility for iShares MSCI World SRI UCITS ETF EUR (Acc) (SUSW.L) is 3.49%, while VanEck Semiconductor ETF (SMH) has a volatility of 10.24%. This indicates that SUSW.L 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.

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Volatility by Period

SUSW.LSMHDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.49%

10.24%

-6.75%

Volatility (6M)

Calculated over the trailing 6-month period

9.12%

23.49%

-14.37%

Volatility (1Y)

Calculated over the trailing 1-year period

12.26%

30.40%

-18.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.61%

34.27%

-19.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.23%

32.45%

-16.22%

SUSW.L vs. SMH - Expense Ratio Comparison

SUSW.L has a 0.20% expense ratio, which is lower than SMH's 0.35% expense ratio.

Dividends

SUSW.L vs. SMH - Dividend Comparison

SUSW.L has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.19%.

PositionTTM20252024202320222021202020192018201720162015
SMH
VanEck Semiconductor ETF		0.19%0.31%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%
SUSW.L
iShares MSCI World SRI UCITS ETF EUR (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SUSW.L and SMH have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SUSW.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SUSW.L is cheaper with a 0.20% expense ratio, compared with 0.35% for SMH.

SUSW.L is categorized as Global Equities, while SMH is Semiconductors. SUSW.L tracks MSCI ACWI NR USD, while SMH tracks MVIS US Listed Semiconductor 25 Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.20% for SUSW.L and 0.35% for SMH.

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