VNOM vs. SMH
Compare and contrast key facts about Viper Energy Partners LP (VNOM) and VanEck Semiconductor ETF (SMH).
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
VNOM vs. SMH - Performance Comparison
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VNOM vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNOM Viper Energy Partners LP | 18.91% | -16.58% | 65.52% | 4.83% | 61.69% | 94.24% | -50.69% | 0.66% | 19.60% | 55.99% |
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, VNOM achieves a 18.91% return, which is significantly higher than SMH's 8.84% return. Over the past 10 years, VNOM has underperformed SMH with an annualized return of 17.42%, while SMH has yielded a comparatively higher 31.58% annualized return.
VNOM
- 1D
- -3.38%
- 1M
- -3.48%
- YTD
- 18.91%
- 6M
- 20.45%
- 1Y
- 5.20%
- 3Y*
- 24.33%
- 5Y*
- 32.38%
- 10Y*
- 17.42%
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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Return for Risk
VNOM vs. SMH — Risk / Return Rank
VNOM
SMH
VNOM vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Viper Energy Partners LP (VNOM) 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.
| VNOM | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 2.32 | -2.17 |
Sortino ratioReturn per unit of downside risk | 0.44 | 2.92 | -2.49 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.41 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 5.39 | -5.09 |
Martin ratioReturn relative to average drawdown | 0.47 | 19.22 | -18.75 |
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
| VNOM | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 2.32 | -2.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.76 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.98 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.28 | -0.08 |
Correlation
The correlation between VNOM and SMH is 0.23, 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
VNOM vs. SMH - Dividend Comparison
VNOM's dividend yield for the trailing twelve months is around 4.85%, more than SMH's 0.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNOM Viper Energy Partners LP | 4.85% | 6.03% | 4.89% | 5.58% | 7.68% | 5.16% | 5.85% | 7.38% | 8.14% | 5.27% | 4.83% | 6.16% |
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
VNOM vs. SMH - Drawdown Comparison
The maximum VNOM drawdown since its inception was -86.96%, roughly equal to the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for VNOM and SMH.
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Drawdown Indicators
| VNOM | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.96% | -84.96% | -2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -20.55% | -15.95% | -4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -34.46% | -45.30% | +10.84% |
Max Drawdown (10Y)Largest decline over 10 years | -86.96% | -45.30% | -41.66% |
Current DrawdownCurrent decline from peak | -13.92% | -8.02% | -5.90% |
Average DrawdownAverage peak-to-trough decline | -32.01% | -41.35% | +9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.04% | 4.47% | +8.57% |
Volatility
VNOM vs. SMH - Volatility Comparison
The current volatility for Viper Energy Partners LP (VNOM) is 7.33%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.74%. This indicates that VNOM 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
| VNOM | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 11.74% | -4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 19.73% | 24.02% | -4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.22% | 36.88% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.20% | 34.68% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.34% | 32.29% | +13.05% |