VGI vs. SMH
Compare and contrast key facts about Virtus Global Multi-Sector Income Fund (VGI) and VanEck Semiconductor ETF (SMH).
VGI is managed by Virtus. 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.
Performance
VGI vs. SMH - Performance Comparison
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VGI vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGI Virtus Global Multi-Sector Income Fund | -2.92% | 16.14% | 10.43% | 14.58% | -21.70% | 1.40% | 9.81% | 27.29% | -28.73% | 27.46% |
SMH VanEck Semiconductor ETF | 8.84% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
In the year-to-date period, VGI achieves a -2.92% return, which is significantly lower than SMH's 8.84% return. Over the past 10 years, VGI has underperformed SMH with an annualized return of 5.57%, while SMH has yielded a comparatively higher 31.58% annualized return.
VGI
- 1D
- 2.22%
- 1M
- -5.23%
- YTD
- -2.92%
- 6M
- -1.55%
- 1Y
- 7.13%
- 3Y*
- 11.46%
- 5Y*
- 2.18%
- 10Y*
- 5.57%
SMH
- 1D
- 2.24%
- 1M
- -3.55%
- YTD
- 8.84%
- 6M
- 17.83%
- 1Y
- 85.04%
- 3Y*
- 44.53%
- 5Y*
- 26.15%
- 10Y*
- 31.58%
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VGI vs. SMH - Expense Ratio Comparison
Return for Risk
VGI vs. SMH — Risk / Return Rank
VGI
SMH
VGI vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Global Multi-Sector Income Fund (VGI) 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.
| VGI | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 2.32 | -1.51 |
Sortino ratioReturn per unit of downside risk | 1.06 | 2.92 | -1.86 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 5.39 | -4.41 |
Martin ratioReturn relative to average drawdown | 3.71 | 19.22 | -15.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VGI | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 2.32 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.76 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.98 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.28 | +0.01 |
Correlation
The correlation between VGI and SMH is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VGI vs. SMH - Dividend Comparison
VGI's dividend yield for the trailing twelve months is around 13.01%, more than SMH's 0.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGI Virtus Global Multi-Sector Income Fund | 13.01% | 12.24% | 12.57% | 12.26% | 13.42% | 10.22% | 11.81% | 12.10% | 15.00% | 10.70% | 12.21% | 15.60% |
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
VGI vs. SMH - Drawdown Comparison
The maximum VGI drawdown since its inception was -48.08%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for VGI and SMH.
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Drawdown Indicators
| VGI | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.08% | -84.96% | +36.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -15.95% | +7.74% |
Max Drawdown (5Y)Largest decline over 5 years | -33.79% | -45.30% | +11.51% |
Max Drawdown (10Y)Largest decline over 10 years | -48.08% | -45.30% | -2.78% |
Current DrawdownCurrent decline from peak | -6.18% | -8.02% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -10.51% | -41.35% | +30.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 4.47% | -2.30% |
Volatility
VGI vs. SMH - Volatility Comparison
The current volatility for Virtus Global Multi-Sector Income Fund (VGI) is 4.25%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.74%. This indicates that VGI experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGI | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 11.74% | -7.49% |
Volatility (6M)Calculated over the trailing 6-month period | 5.94% | 24.02% | -18.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.89% | 36.88% | -26.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.98% | 34.68% | -23.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 32.29% | -15.57% |