VNOM vs. SMH
Compare and contrast key facts about Viper Energy Partners LP (VNOM) and VanEck Vectors 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNOM or SMH.
Key characteristics
| VNOM | SMH | |
|---|---|---|
| YTD Return | 58.44% | 39.19% |
| 1Y Return | 80.85% | 71.28% |
| 3Y Return (Ann) | 40.72% | 23.06% |
| 5Y Return (Ann) | 17.97% | 35.37% |
| 10Y Return (Ann) | 14.03% | 28.66% |
| Sharpe Ratio | 2.98 | 2.14 |
| Daily Std Dev | 27.98% | 33.94% |
| Max Drawdown | -86.96% | -95.73% |
| Current Drawdown | -1.88% | -13.46% |
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.
Performance
VNOM vs. SMH - Performance Comparison
In the year-to-date period, VNOM achieves a 58.44% return, which is significantly higher than SMH's 39.19% return. Over the past 10 years, VNOM has underperformed SMH with an annualized return of 14.03%, while SMH has yielded a comparatively higher 28.66% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
VNOM vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Viper Energy Partners LP (VNOM) 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
VNOM vs. SMH - Dividend Comparison
VNOM's dividend yield for the trailing twelve months is around 4.94%, more than SMH's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNOM Viper Energy Partners LP | 4.94% | 5.49% | 7.68% | 5.13% | 5.76% | 7.38% | 8.14% | 5.27% | 4.67% | 6.03% | 1.38% | 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
VNOM vs. SMH - Drawdown Comparison
The maximum VNOM drawdown since its inception was -86.96%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for VNOM and SMH. For additional features, visit the drawdowns tool.
Volatility
VNOM vs. SMH - Volatility Comparison
The current volatility for Viper Energy Partners LP (VNOM) is 9.51%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 12.73%. 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.