TRUH vs. SMH

Last updated Jun 30, 2026

TRUH (VanEck Healthcare TruSector ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - TRUH is a Health & Biotech Equities fund managed by VanEck, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. At a correlation of -0.09, they often move in opposite directions.

Performance

TRUH vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Healthcare TruSector ETF (TRUH) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TRUH

• 1D: 0.09%
• 1M: 7.85%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMH

• 1D: 3.33%
• 1M: 5.52%
• YTD: 75.49%
• 6M: 73.52%
• 1Y: 127.69%
• 3Y*: 61.44%
• 5Y*: 37.79%
• 10Y*: 37.70%

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

TRUH vs. SMH - Yearly Performance Comparison

	2026 (YTD)
TRUH VanEck Healthcare TruSector ETF	9.58%
SMH VanEck Semiconductor ETF	61.23%

Correlation

The correlation between TRUH and SMH is -0.09, 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 (All Time) Calculated using the full available price history since Apr 2, 2026	-0.09

Return for Risk

TRUH vs. SMH — Risk / Return Rank

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

TRUH

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

SMH

SMH Risk / Return Rank: 95
SMH Sharpe Ratio Rank: 97
SMH Sortino Ratio Rank: 92
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.

TRUH vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Healthcare TruSector ETF (TRUH) 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.

	TRUH	SMH	Difference
Sharpe ratio: Return per unit of total volatility	—	3.65	—
Sortino ratio: Return per unit of downside risk	—	3.80	—
Omega ratio: Gain probability vs. loss probability	—	1.54	—
Calmar ratio: Return relative to maximum drawdown	—	8.60	—
Martin ratio: Return relative to average drawdown	—	30.63	—

Drawdowns

TRUH vs. SMH - Drawdown Comparison

The maximum TRUH drawdown since its inception was -4.51%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for TRUH and SMH.

Drawdown Indicators

	TRUH	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-4.51%	-84.96%	+80.45%
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	0.00%	-5.52%	+5.52%
Average Drawdown Average peak-to-trough decline	-1.61%	-40.99%	+39.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.18%	—

Volatility

Volatility by Period

	TRUH	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.87%	35.27%	-18.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	35.90%	-19.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.87%	32.99%	-16.12%

Dividends

TRUH vs. SMH - Dividend Comparison

TRUH has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.17%.

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%
TRUH VanEck Healthcare TruSector 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

Can I hold both TRUH and SMH in my portfolio?

TRUH and SMH have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

SMH has the higher dividend yield at 0.17%, compared with 0.00% for TRUH.

What is the main difference between TRUH and SMH?

TRUH is categorized as Health & Biotech Equities, while SMH is Semiconductors.