USD vs. SMH
Compare and contrast key facts about ProShares Ultra Semiconductors (USD) and VanEck Vectors Semiconductor ETF (SMH).
USD and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. Both USD and SMH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USD or SMH.
Performance
USD vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, USD achieves a 145.13% return, which is significantly higher than SMH's 38.70% return. Over the past 10 years, USD has outperformed SMH with an annualized return of 46.27%, while SMH has yielded a comparatively lower 28.01% annualized return.
USD
145.13%
-5.84%
27.28%
183.55%
59.21%
46.27%
SMH
38.70%
-4.07%
2.51%
50.18%
33.07%
28.01%
Key characteristics
| USD | SMH | |
|---|---|---|
| Sharpe Ratio | 2.19 | 1.39 |
| Sortino Ratio | 2.50 | 1.90 |
| Omega Ratio | 1.33 | 1.25 |
| Calmar Ratio | 3.65 | 1.93 |
| Martin Ratio | 9.61 | 5.19 |
| Ulcer Index | 18.18% | 9.24% |
| Daily Std Dev | 79.65% | 34.45% |
| Max Drawdown | -87.93% | -95.73% |
| Current Drawdown | -18.95% | -13.77% |
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USD vs. SMH - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is higher than SMH's 0.35% expense ratio.
Correlation
The correlation between USD and SMH is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
USD vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) and VanEck Vectors 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.
Dividends
USD vs. SMH - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.02%, less than SMH's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 0.02% | 0.05% | 0.59% | 0.00% | 0.27% | 1.09% | 0.93% | 0.41% | 7.43% | 0.39% | 3.33% | 0.80% |
SMH VanEck Vectors Semiconductor ETF | 0.43% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
USD vs. SMH - Drawdown Comparison
The maximum USD drawdown since its inception was -87.93%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for USD and SMH. For additional features, visit the drawdowns tool.
Volatility
USD vs. SMH - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 19.21% compared to VanEck Vectors Semiconductor ETF (SMH) at 8.33%. This indicates that USD's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.