VIXY vs. SMH
Compare and contrast key facts about ProShares VIX Short-Term Futures ETF (VIXY) and VanEck Vectors Semiconductor ETF (SMH).
VIXY and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VIXY is a passively managed fund by ProFund Advisors LLC that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 3, 2011. 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 VIXY 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: VIXY or SMH.
Performance
VIXY vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, VIXY achieves a -28.76% return, which is significantly lower than SMH's 38.13% return. Over the past 10 years, VIXY has underperformed SMH with an annualized return of -47.95%, while SMH has yielded a comparatively higher 27.98% annualized return.
VIXY
-28.76%
-12.65%
-2.73%
-40.37%
-48.15%
-47.95%
SMH
38.13%
-3.96%
2.78%
49.47%
32.62%
27.98%
Key characteristics
| VIXY | SMH | |
|---|---|---|
| Sharpe Ratio | -0.53 | 1.46 |
| Sortino Ratio | -0.61 | 1.96 |
| Omega Ratio | 0.93 | 1.26 |
| Calmar Ratio | -0.41 | 2.02 |
| Martin Ratio | -1.22 | 5.47 |
| Ulcer Index | 33.90% | 9.18% |
| Daily Std Dev | 77.32% | 34.52% |
| Max Drawdown | -100.00% | -95.73% |
| Current Drawdown | -100.00% | -14.13% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VIXY vs. SMH - Expense Ratio Comparison
VIXY has a 0.85% expense ratio, which is higher than SMH's 0.35% expense ratio.
Correlation
The correlation between VIXY and SMH is -0.62. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
VIXY vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Short-Term Futures ETF (VIXY) 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
VIXY vs. SMH - Dividend Comparison
VIXY has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIXY ProShares VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
VIXY vs. SMH - Drawdown Comparison
The maximum VIXY drawdown since its inception was -100.00%, roughly equal to the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for VIXY and SMH. For additional features, visit the drawdowns tool.
Volatility
VIXY vs. SMH - Volatility Comparison
ProShares VIX Short-Term Futures ETF (VIXY) has a higher volatility of 19.56% compared to VanEck Vectors Semiconductor ETF (SMH) at 8.25%. This indicates that VIXY'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.