TRUD vs. SMH

Last updated Jun 24, 2026

TRUD (VanEck Consumer Discretionary TruSector ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - TRUD is a Consumer Discretionary Equities fund actively managed by VanEck, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. TRUD is actively managed, while SMH is passively managed. A 0.54 correlation means they provide meaningful diversification when combined. TRUD charges 0.16%/yr vs 0.35%/yr for SMH.

Performance

TRUD vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Consumer Discretionary TruSector ETF (TRUD) 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, TRUD achieves a -3.87% return, which is significantly lower than SMH's 72.73% return.

TRUD

• 1D: -0.80%
• 1M: -6.30%
• YTD: -3.87%
• 6M: -5.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMH

• 1D: -7.01%
• 1M: 7.93%
• YTD: 72.73%
• 6M: 71.29%
• 1Y: 138.23%
• 3Y*: 62.28%
• 5Y*: 38.18%
• 10Y*: 37.85%

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

TRUD vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025
TRUD VanEck Consumer Discretionary TruSector ETF	-3.87%	6.58%
SMH VanEck Semiconductor ETF	72.73%	25.02%

Correlation

The correlation between TRUD and SMH is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025	0.54

TRUD vs. SMH - Sectors Allocation Comparison

Sectors	TRUD	SMH
Financial Services	52.0%	-
Consumer Cyclical	47.6%	-
Communication Services	0.3%	-
Technology	0.2%	100.0%
Industrials	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TRUD vs. SMH — Risk / Return Rank

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

TRUD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SMH

SMH Risk / Return Rank: 94
SMH Sharpe Ratio Rank: 96
SMH Sortino Ratio Rank: 91
SMH Omega Ratio Rank: 92
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 96

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.

TRUD vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Consumer Discretionary TruSector ETF (TRUD) 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.

	TRUD	SMH	Difference
Sharpe ratio: Return per unit of total volatility	—	3.99	—
Sortino ratio: Return per unit of downside risk	—	4.05	—
Omega ratio: Gain probability vs. loss probability	—	1.58	—
Calmar ratio: Return relative to maximum drawdown	—	9.31	—
Martin ratio: Return relative to average drawdown	—	33.88	—

Drawdowns

TRUD vs. SMH - Drawdown Comparison

The maximum TRUD drawdown since its inception was -15.96%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for TRUD and SMH.

Drawdown Indicators

	TRUD	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-15.96%	-84.96%	+69.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.93%	—
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	-8.61%	-7.01%	-1.60%
Average Drawdown Average peak-to-trough decline	-4.44%	-41.01%	+36.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.10%	—

Volatility

Volatility by Period

	TRUD	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.04%	34.87%	-13.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.04%	35.83%	-14.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.04%	32.97%	-11.93%

TRUD vs. SMH - Expense Ratio Comparison

TRUD has a 0.16% expense ratio, which is lower than SMH's 0.35% expense ratio.

Dividends

TRUD vs. SMH - Dividend Comparison

TRUD's dividend yield for the trailing twelve months is around 0.35%, more than SMH's 0.18% yield.

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%
TRUD VanEck Consumer Discretionary TruSector ETF	0.35%	0.17%	0.00%	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 TRUD and SMH in my portfolio?

TRUD and SMH have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRUD or SMH?

On fees, TRUD is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRUD or SMH?

TRUD is cheaper with a 0.16% expense ratio, compared with 0.35% for SMH.

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

TRUD has the higher dividend yield at 0.35%, compared with 0.18% for SMH.

What is the main difference between TRUD and SMH?

TRUD is categorized as Consumer Discretionary Equities, while SMH is Semiconductors. Their fees differ too: 0.16% for TRUD and 0.35% for SMH.