VSOL vs. SMHX
VSOL (VanEck Solana ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both exchange-traded funds - VSOL is a Cryptocurrency fund actively managed by VanEck, while SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. VSOL is actively managed, while SMHX is passively managed. At a 0.40 correlation, their price movements are largely independent. VSOL charges 0.30%/yr vs 0.35%/yr for SMHX.
Performance
VSOL vs. SMHX - Performance Comparison
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Returns By Period
In the year-to-date period, VSOL achieves a -40.84% return, which is significantly lower than SMHX's 78.44% return.
VSOL
- 1D
- -4.61%
- 1M
- -14.43%
- YTD
- -40.84%
- 6M
- -47.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMHX
- 1D
- 0.94%
- 1M
- 33.64%
- YTD
- 78.44%
- 6M
- 72.62%
- 1Y
- 139.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VSOL vs. SMHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VSOL VanEck Solana ETF | -40.84% | -4.01% |
SMHX VanEck Fabless Semiconductor ETF | 78.44% | 2.72% |
Correlation
The correlation between VSOL and SMHX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.40 |
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Return for Risk
VSOL vs. SMHX — Risk / Return Rank
VSOL
SMHX
VSOL vs. SMHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Solana ETF (VSOL) and VanEck Fabless Semiconductor ETF (SMHX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| VSOL | SMHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.90 | 1.94 | -2.84 |
Drawdowns
VSOL vs. SMHX - Drawdown Comparison
The maximum VSOL drawdown since its inception was -50.27%, which is greater than SMHX's maximum drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for VSOL and SMHX.
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Drawdown Indicators
| VSOL | SMHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.27% | -38.53% | -11.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.06% | — |
Current DrawdownCurrent decline from peak | -50.27% | 0.00% | -50.27% |
Average DrawdownAverage peak-to-trough decline | -28.83% | -7.33% | -21.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.05% | — |
Volatility
VSOL vs. SMHX - Volatility Comparison
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Volatility by Period
| VSOL | SMHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.67% | 32.69% | +39.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.67% | 39.97% | +32.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.67% | 39.97% | +32.70% |
VSOL vs. SMHX - Expense Ratio Comparison
VSOL has a 0.30% expense ratio, which is lower than SMHX's 0.35% expense ratio.
Dividends
VSOL vs. SMHX - Dividend Comparison
VSOL has not paid dividends to shareholders, while SMHX's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SMHX VanEck Fabless Semiconductor ETF | 0.01% | 0.02% | 0.04% |
VSOL VanEck Solana ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VSOL and SMHX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VSOL is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VSOL is cheaper with a 0.30% expense ratio, compared with 0.35% for SMHX.
SMHX has the higher dividend yield at 0.01%, compared with 0.00% for VSOL.
VSOL is categorized as Cryptocurrency, while SMHX is Semiconductors. Their fees differ too: 0.30% for VSOL and 0.35% for SMHX.
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