TRUH vs. SMHX

Last updated Jun 30, 2026

TRUH (VanEck Healthcare TruSector ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both exchange-traded funds - TRUH is a Health & Biotech Equities fund managed by VanEck, while SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. At a correlation of -0.13, they often move in opposite directions.

Performance

TRUH vs. SMHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Healthcare TruSector ETF (TRUH) and VanEck Fabless Semiconductor ETF (SMHX). 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*: —

SMHX

• 1D: 3.40%
• 1M: -0.95%
• YTD: 62.50%
• 6M: 60.48%
• 1Y: 97.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TRUH vs. SMHX - Yearly Performance Comparison

	2026 (YTD)
TRUH VanEck Healthcare TruSector ETF	9.58%
SMHX VanEck Fabless Semiconductor ETF	63.02%

Correlation

The correlation between TRUH and SMHX is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	-0.13

Return for Risk

TRUH vs. SMHX — 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.

SMHX

SMHX Risk / Return Rank: 86
SMHX Sharpe Ratio Rank: 91
SMHX Sortino Ratio Rank: 79
SMHX Omega Ratio Rank: 80
SMHX Calmar Ratio Rank: 93
SMHX Martin Ratio Rank: 86

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. SMHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Healthcare TruSector ETF (TRUH) and VanEck Fabless Semiconductor ETF (SMHX). 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	SMHX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.66	—
Sortino ratio: Return per unit of downside risk	—	3.02	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	5.76	—
Martin ratio: Return relative to average drawdown	—	15.18	—

Drawdowns

TRUH vs. SMHX - Drawdown Comparison

The maximum TRUH drawdown since its inception was -4.51%, smaller than the maximum SMHX drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for TRUH and SMHX.

Drawdown Indicators

	TRUH	SMHX	Difference
Max Drawdown Largest peak-to-trough decline	-4.51%	-38.53%	+34.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.06%	—
Current Drawdown Current decline from peak	0.00%	-8.93%	+8.93%
Average Drawdown Average peak-to-trough decline	-1.61%	-7.36%	+5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.46%	—

Volatility

Volatility by Period

	TRUH	SMHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.87%	36.93%	-20.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	41.46%	-24.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.87%	41.46%	-24.59%

Dividends

TRUH vs. SMHX - Dividend Comparison

TRUH has not paid dividends to shareholders, while SMHX's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025	2024
SMHX VanEck Fabless Semiconductor ETF	0.01%	0.02%	0.04%
TRUH VanEck Healthcare TruSector ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRUH and SMHX in my portfolio?

TRUH and SMHX have a correlation of -0.13, 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 SMHX?

SMHX has the higher dividend yield at 0.01%, compared with 0.00% for TRUH.

What is the main difference between TRUH and SMHX?

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