TRUT vs. SMHX

Last updated Jun 4, 2026

TRUT (Vaneck Technology Trusector ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both exchange-traded funds - TRUT is a Technology Equities fund actively managed by VanEck, while SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. TRUT is actively managed, while SMHX is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. TRUT charges 0.13%/yr vs 0.35%/yr for SMHX.

Performance

TRUT vs. SMHX - Performance Comparison

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

Returns By Period

In the year-to-date period, TRUT achieves a 25.30% return, which is significantly lower than SMHX's 78.44% return.

TRUT

• 1D: -1.46%
• 1M: 16.68%
• YTD: 25.30%
• 6M: 24.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMHX

• 1D: 0.94%
• 1M: 33.64%
• YTD: 78.44%
• 6M: 72.62%
• 1Y: 139.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TRUT vs. SMHX - Yearly Performance Comparison

	2026 (YTD)	2025
TRUT Vaneck Technology Trusector ETF	25.30%	10.16%
SMHX VanEck Fabless Semiconductor ETF	78.44%	10.55%

Correlation

The correlation between TRUT and SMHX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025	0.82

Return for Risk

TRUT vs. SMHX — Risk / Return Rank

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

SMHX

SMHX Risk / Return Rank: 93
SMHX Sharpe Ratio Rank: 96
SMHX Sortino Ratio Rank: 92
SMHX Omega Ratio Rank: 90
SMHX Calmar Ratio Rank: 95
SMHX Martin Ratio Rank: 92

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.

TRUT vs. SMHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vaneck Technology Trusector ETF (TRUT) 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.

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

Sharpe Ratios by Period

	TRUT	SMHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.39	1.94	+0.45

Drawdowns

TRUT vs. SMHX - Drawdown Comparison

The maximum TRUT drawdown since its inception was -18.55%, smaller than the maximum SMHX drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for TRUT and SMHX.

Drawdown Indicators

	TRUT	SMHX	Difference
Max Drawdown Largest peak-to-trough decline	-18.55%	-38.53%	+19.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.06%	—
Current Drawdown Current decline from peak	-1.46%	0.00%	-1.46%
Average Drawdown Average peak-to-trough decline	-5.17%	-7.33%	+2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.05%	—

Volatility

Volatility by Period

	TRUT	SMHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.53%	32.69%	-11.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.53%	39.97%	-18.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.53%	39.97%	-18.44%

TRUT vs. SMHX - Expense Ratio Comparison

TRUT has a 0.13% expense ratio, which is lower than SMHX's 0.35% expense ratio.

Dividends

TRUT vs. SMHX - Dividend Comparison

TRUT's dividend yield for the trailing twelve months is around 0.19%, more than SMHX's 0.01% yield.

Position	TTM	2025	2024
SMHX VanEck Fabless Semiconductor ETF	0.01%	0.02%	0.04%
TRUT Vaneck Technology Trusector ETF	0.19%	0.14%	0.00%

Frequently Asked Questions

Can I hold both TRUT and SMHX in my portfolio?

TRUT and SMHX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRUT or SMHX?

On fees, TRUT is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRUT or SMHX?

TRUT is cheaper with a 0.13% expense ratio, compared with 0.35% for SMHX.

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

TRUT has the higher dividend yield at 0.19%, compared with 0.01% for SMHX.

What is the main difference between TRUT and SMHX?

TRUT is categorized as Technology Equities, while SMHX is Semiconductors. Their fees differ too: 0.13% for TRUT and 0.35% for SMHX.