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VIXY vs. SMH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VIXY and SMH is -0.79. 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.


-0.50.00.51.0
Correlation: -0.8

Performance

VIXY vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares VIX Short-Term Futures ETF (VIXY) and VanEck Vectors Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

0.00%500.00%1,000.00%1,500.00%2,000.00%NovemberDecember2025FebruaryMarchApril
-99.99%
1,704.78%
VIXY
SMH

Key characteristics

Sharpe Ratio

VIXY:

0.15

SMH:

0.08

Sortino Ratio

VIXY:

1.07

SMH:

0.41

Omega Ratio

VIXY:

1.13

SMH:

1.05

Calmar Ratio

VIXY:

0.14

SMH:

0.09

Martin Ratio

VIXY:

0.36

SMH:

0.23

Ulcer Index

VIXY:

39.40%

SMH:

14.44%

Daily Std Dev

VIXY:

96.57%

SMH:

43.06%

Max Drawdown

VIXY:

-100.00%

SMH:

-83.29%

Current Drawdown

VIXY:

-99.99%

SMH:

-25.38%

Returns By Period

In the year-to-date period, VIXY achieves a 44.02% return, which is significantly higher than SMH's -13.71% return. Over the past 10 years, VIXY has underperformed SMH with an annualized return of -44.46%, while SMH has yielded a comparatively higher 23.59% annualized return.


VIXY

YTD

44.02%

1M

45.15%

6M

24.41%

1Y

20.07%

5Y*

-52.82%

10Y*

-44.46%

SMH

YTD

-13.71%

1M

-9.01%

6M

-16.06%

1Y

0.89%

5Y*

26.90%

10Y*

23.59%

*Annualized

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VIXY vs. SMH - Expense Ratio Comparison

VIXY has a 0.85% expense ratio, which is higher than SMH's 0.35% expense ratio.


Expense ratio chart for VIXY: current value is 0.85%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VIXY: 0.85%
Expense ratio chart for SMH: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SMH: 0.35%

Risk-Adjusted Performance

VIXY vs. SMH — Risk-Adjusted Performance Rank

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

VIXY
The Risk-Adjusted Performance Rank of VIXY is 4848
Overall Rank
The Sharpe Ratio Rank of VIXY is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of VIXY is 7070
Sortino Ratio Rank
The Omega Ratio Rank of VIXY is 6666
Omega Ratio Rank
The Calmar Ratio Rank of VIXY is 3636
Calmar Ratio Rank
The Martin Ratio Rank of VIXY is 3131
Martin Ratio Rank

SMH
The Risk-Adjusted Performance Rank of SMH is 3333
Overall Rank
The Sharpe Ratio Rank of SMH is 2929
Sharpe Ratio Rank
The Sortino Ratio Rank of SMH is 3838
Sortino Ratio Rank
The Omega Ratio Rank of SMH is 3737
Omega Ratio Rank
The Calmar Ratio Rank of SMH is 3232
Calmar Ratio Rank
The Martin Ratio Rank of SMH is 2929
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for VIXY, currently valued at 0.15, compared to the broader market-1.000.001.002.003.004.00
VIXY: 0.15
SMH: 0.08
The chart of Sortino ratio for VIXY, currently valued at 1.07, compared to the broader market-2.000.002.004.006.008.00
VIXY: 1.07
SMH: 0.41
The chart of Omega ratio for VIXY, currently valued at 1.13, compared to the broader market0.501.001.502.002.50
VIXY: 1.13
SMH: 1.05
The chart of Calmar ratio for VIXY, currently valued at 0.14, compared to the broader market0.002.004.006.008.0010.0012.00
VIXY: 0.14
SMH: 0.09
The chart of Martin ratio for VIXY, currently valued at 0.36, compared to the broader market0.0020.0040.0060.00
VIXY: 0.36
SMH: 0.23

The current VIXY Sharpe Ratio is 0.15, which is higher than the SMH Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of VIXY and SMH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.15
0.08
VIXY
SMH

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 0.51%.


TTM20242023202220212020201920182017201620152014
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
0.51%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%1.16%

Drawdowns

VIXY vs. SMH - Drawdown Comparison

The maximum VIXY drawdown since its inception was -100.00%, which is greater than SMH's maximum drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for VIXY and SMH. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-99.99%
-25.38%
VIXY
SMH

Volatility

VIXY vs. SMH - Volatility Comparison

ProShares VIX Short-Term Futures ETF (VIXY) has a higher volatility of 47.62% compared to VanEck Vectors Semiconductor ETF (SMH) at 24.06%. 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.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
47.62%
24.06%
VIXY
SMH