TRUO vs. SMHX

Last updated Jun 30, 2026

TRUO (VanEck Consumer Staples TruSector ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both exchange-traded funds - TRUO is a Consumer Staples Equities fund managed by VanEck, while SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. At a correlation of -0.66, they often move in opposite directions. TRUO charges 0.14%/yr vs 0.35%/yr for SMHX.

Performance

TRUO vs. SMHX - Performance Comparison

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

Returns By Period

TRUO

• 1D: -0.46%
• 1M: —
• 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)

TRUO vs. SMHX - Yearly Performance Comparison

	2026 (YTD)
TRUO VanEck Consumer Staples TruSector ETF	1.76%
SMHX VanEck Fabless Semiconductor ETF	-8.08%

Correlation

The correlation between TRUO and SMHX is -0.66, 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 Jun 3, 2026	-0.66

Return for Risk

TRUO vs. SMHX — Risk / Return Rank

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

TRUO

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.

TRUO vs. SMHX - Risk-Adjusted Trends Comparison

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

	TRUO	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

TRUO vs. SMHX - Drawdown Comparison

The maximum TRUO drawdown since its inception was -3.40%, smaller than the maximum SMHX drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for TRUO and SMHX.

Drawdown Indicators

	TRUO	SMHX	Difference
Max Drawdown Largest peak-to-trough decline	-3.40%	-38.53%	+35.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.06%	—
Current Drawdown Current decline from peak	-1.61%	-8.93%	+7.32%
Average Drawdown Average peak-to-trough decline	-1.03%	-7.36%	+6.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.46%	—

Volatility

Volatility by Period

	TRUO	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	17.22%	36.93%	-19.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	41.46%	-24.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	41.46%	-24.24%

TRUO vs. SMHX - Expense Ratio Comparison

TRUO has a 0.14% expense ratio, which is lower than SMHX's 0.35% expense ratio.

Dividends

TRUO vs. SMHX - Dividend Comparison

TRUO 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%
TRUO VanEck Consumer Staples TruSector ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRUO and SMHX in my portfolio?

TRUO and SMHX have a correlation of -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRUO or SMHX?

On fees, TRUO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRUO or SMHX?

TRUO is cheaper with a 0.14% expense ratio, compared with 0.35% for SMHX.

Which ETF pays a higher dividend yield, TRUO or SMHX?

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

What is the main difference between TRUO and SMHX?

TRUO is categorized as Consumer Staples Equities, while SMHX is Semiconductors. Their fees differ too: 0.14% for TRUO and 0.35% for SMHX.