SXRS.DE vs. SMH
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - SXRS.DE is a Commodities fund tracking the Bloomberg Commodity, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Over the past 5 years, SXRS.DE returned 10.89%/yr vs 39.69%/yr for SMH. At a 0.09 correlation, their price movements are largely independent. SXRS.DE charges 0.19%/yr vs 0.35%/yr for SMH.
Performance
SXRS.DE vs. SMH - Performance Comparison
Loading charts...
Different Trading Currencies
SXRS.DE 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, SXRS.DE achieves a 18.88% return, which is significantly lower than SMH's 74.80% return.
SXRS.DE
- 1D
- -1.55%
- 1M
- -7.20%
- YTD
- 18.88%
- 6M
- 22.40%
- 1Y
- 27.91%
- 3Y*
- 10.89%
- 5Y*
- 10.89%
- 10Y*
- —
SMH
- 1D
- 1.81%
- 1M
- 12.01%
- YTD
- 74.80%
- 6M
- 78.21%
- 1Y
- 141.63%
- 3Y*
- 56.38%
- 5Y*
- 39.69%
- 10Y*
- 37.05%
SXRS.DE vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 18.88% | 4.68% | 11.06% | -10.49% | 20.61% | 40.00% | -13.38% | 9.88% | -21.55% | 5.80% |
SMH VanEck Semiconductor ETF | 74.80% | 31.47% | 48.28% | 68.18% | -29.41% | 52.76% | 42.71% | 68.17% | -4.78% | 9.57% |
Correlation
The correlation between SXRS.DE and SMH is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.09 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SXRS.DE vs. SMH — Risk / Return Rank
SXRS.DE
SMH
SXRS.DE vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) 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.
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.
| SXRS.DE | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.60 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 11.14 | -7.73 |
| Martin ratioReturn relative to average drawdown | 7.38 | 37.26 | -29.87 |
Loading charts...
Drawdowns
SXRS.DE vs. SMH - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -37.23%, smaller than the maximum SMH drawdown of -54.92%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and SMH.
Loading charts...
Drawdown Indicators
| SXRS.DE | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.23% | -54.92% | +17.69% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -12.35% | +3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -36.90% | +20.94% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -36.90% | +9.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.90% | — |
Current DrawdownCurrent decline from peak | -8.74% | -2.56% | -6.18% |
Average DrawdownAverage peak-to-trough decline | -16.43% | -10.76% | -5.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 3.69% | +0.35% |
Volatility
SXRS.DE vs. SMH - Volatility Comparison
The current volatility for iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) is 5.00%, while VanEck Semiconductor ETF (SMH) has a volatility of 15.46%. This indicates that SXRS.DE 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.
Loading charts...
Volatility by Period
| SXRS.DE | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 15.46% | -10.46% |
Volatility (6M)Calculated over the trailing 6-month period | 16.89% | 26.61% | -9.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 32.74% | -13.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 34.71% | -17.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 32.68% | -16.08% |
SXRS.DE vs. SMH - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is lower than SMH's 0.35% expense ratio.
Dividends
SXRS.DE vs. SMH - Dividend Comparison
SXRS.DE has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 0.18% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 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
SXRS.DE and SMH have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.35% for SMH.
SXRS.DE is categorized as Commodities, while SMH is Semiconductors. SXRS.DE tracks Bloomberg Commodity, while SMH tracks MVIS US Listed Semiconductor 25 Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.19% for SXRS.DE and 0.35% for SMH.
Find the right allocation for SXRS.DE and SMH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer