VUAA.DE vs. SMHX
VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both exchange-traded funds - VUAA.DE is a S&P 500 fund tracking the S&P 500 Index, while SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. Both are passively managed. Over the past year, VUAA.DE returned 25.64% vs 108.53% for SMHX. A 0.51 correlation means they provide meaningful diversification when combined. VUAA.DE charges 0.07%/yr vs 0.35%/yr for SMHX.
Performance
VUAA.DE vs. SMHX - Performance Comparison
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Different Trading Currencies
VUAA.DE is traded in EUR, while SMHX is traded in USD. To make them comparable, the SMHX values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VUAA.DE achieves a 11.41% return, which is significantly lower than SMHX's 59.63% return.
VUAA.DE
- 1D
- -0.12%
- 1M
- 5.23%
- YTD
- 11.41%
- 6M
- 11.44%
- 1Y
- 25.64%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- —
SMHX
- 1D
- -9.72%
- 1M
- 11.45%
- YTD
- 59.63%
- 6M
- 50.48%
- 1Y
- 108.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VUAA.DE vs. SMHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 11.41% | 4.68% | 13.13% |
SMHX VanEck Fabless Semiconductor ETF | 59.63% | 14.58% | 26.48% |
Correlation
The correlation between VUAA.DE and SMHX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.51 |
The correlation between VUAA.DE and SMHX has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
VUAA.DE vs. SMHX — Risk / Return Rank
VUAA.DE
SMHX
VUAA.DE vs. SMHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) 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.
| VUAA.DE | SMHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.48 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 6.81 | -3.24 |
| Martin ratioReturn relative to average drawdown | 12.74 | 17.05 | -4.31 |
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
| VUAA.DE | SMHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 3.21 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 1.48 | -0.66 |
Drawdowns
VUAA.DE vs. SMHX - Drawdown Comparison
The maximum VUAA.DE drawdown since its inception was -33.67%, smaller than the maximum SMHX drawdown of -41.64%. Use the drawdown chart below to compare losses from any high point for VUAA.DE and SMHX.
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Drawdown Indicators
| VUAA.DE | SMHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -41.64% | +7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -16.04% | +8.88% |
Max Drawdown (3Y)Largest decline over 3 years | -23.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | -11.67% | +11.22% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -8.88% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 6.39% | -4.38% |
Volatility
VUAA.DE vs. SMHX - Volatility Comparison
The current volatility for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) is 2.65%, while VanEck Fabless Semiconductor ETF (SMHX) has a volatility of 16.04%. This indicates that VUAA.DE experiences smaller price fluctuations and is considered to be less risky than SMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUAA.DE | SMHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 16.04% | -13.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 26.65% | -19.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 34.05% | -22.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 41.44% | -26.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 41.44% | -23.85% |
VUAA.DE vs. SMHX - Expense Ratio Comparison
VUAA.DE has a 0.07% expense ratio, which is lower than SMHX's 0.35% expense ratio.
Dividends
VUAA.DE vs. SMHX - Dividend Comparison
VUAA.DE has not paid dividends to shareholders, while SMHX's dividend yield for the trailing twelve months is around 0.02%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SMHX VanEck Fabless Semiconductor ETF | 0.02% | 0.02% | 0.04% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VUAA.DE and SMHX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUAA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.35% for SMHX.
VUAA.DE is categorized as S&P 500, while SMHX is Semiconductors. VUAA.DE tracks S&P 500 Index, while SMHX tracks MarketVector™ US Listed Fabless Semiconductor Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.07% for VUAA.DE and 0.35% for SMHX.
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