WCBR vs. SMH

Last updated Jun 24, 2026

WCBR (WisdomTree Cybersecurity Fund) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - WCBR is a Technology Equities fund tracking the WisdomTree Team8 Cybersecurity Index, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Over the past 5 years, WCBR returned 5.56%/yr vs 38.18%/yr for SMH. A 0.56 correlation means they provide meaningful diversification when combined. WCBR charges 0.45%/yr vs 0.35%/yr for SMH.

Performance

WCBR vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cybersecurity Fund (WCBR) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCBR achieves a 15.85% return, which is significantly lower than SMH's 72.73% return.

WCBR

• 1D: 1.93%
• 1M: -1.30%
• YTD: 15.85%
• 6M: 13.63%
• 1Y: 3.63%
• 3Y*: 19.64%
• 5Y*: 5.56%
• 10Y*: —

SMH

• 1D: -7.01%
• 1M: 7.93%
• YTD: 72.73%
• 6M: 71.29%
• 1Y: 138.23%
• 3Y*: 62.28%
• 5Y*: 38.18%
• 10Y*: 37.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WCBR vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WCBR WisdomTree Cybersecurity Fund	15.85%	-1.44%	11.42%	66.63%	-41.96%	7.65%
SMH VanEck Semiconductor ETF	72.73%	49.17%	39.10%	73.38%	-33.53%	37.31%

Correlation

The correlation between WCBR and SMH is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jan 28, 2021	0.56

Over the past year, the correlation between WCBR and SMH has dropped to 0.27 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

WCBR vs. SMH - Sectors Allocation Comparison

Sectors	WCBR	SMH
Technology	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WCBR vs. SMH — Risk / Return Rank

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

WCBR

WCBR Risk / Return Rank: 10
WCBR Sharpe Ratio Rank: 10
WCBR Sortino Ratio Rank: 10
WCBR Omega Ratio Rank: 10
WCBR Calmar Ratio Rank: 10
WCBR Martin Ratio Rank: 10

SMH

SMH Risk / Return Rank: 94
SMH Sharpe Ratio Rank: 96
SMH Sortino Ratio Rank: 91
SMH Omega Ratio Rank: 92
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WCBR vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cybersecurity Fund (WCBR) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	WCBR	SMH	Difference
Sharpe ratio: Return per unit of total volatility	0.11	3.99	-3.88
Sortino ratio: Return per unit of downside risk	0.38	4.05	-3.67
Omega ratio: Gain probability vs. loss probability	1.05	1.58	-0.53
Calmar ratio: Return relative to maximum drawdown	0.12	9.31	-9.19
Martin ratio: Return relative to average drawdown	0.27	33.88	-33.60

WCBR vs. SMH - Sharpe Ratio Comparison

The current WCBR Sharpe Ratio is 0.11, which is lower than the SMH Sharpe Ratio of 3.99. The chart below compares the historical Sharpe Ratios of WCBR and SMH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WCBR vs. SMH - Drawdown Comparison

The maximum WCBR drawdown since its inception was -52.25%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for WCBR and SMH.

Drawdown Indicators

	WCBR	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-52.25%	-84.96%	+32.71%
Max Drawdown (1Y) Largest decline over 1 year	-29.92%	-14.93%	-14.99%
Max Drawdown (3Y) Largest decline over 3 years	-30.27%	-35.74%	+5.47%
Max Drawdown (5Y) Largest decline over 5 years	-52.25%	-45.30%	-6.95%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.30%	—
Current Drawdown Current decline from peak	-12.81%	-7.01%	-5.80%
Average Drawdown Average peak-to-trough decline	-20.26%	-41.01%	+20.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.31%	4.10%	+9.21%

Volatility

WCBR vs. SMH - Volatility Comparison

The current volatility for WisdomTree Cybersecurity Fund (WCBR) is 14.17%, while VanEck Semiconductor ETF (SMH) has a volatility of 19.08%. This indicates that WCBR 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.

Volatility by Period

	WCBR	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.17%	19.08%	-4.91%
Volatility (6M) Calculated over the trailing 6-month period	27.73%	29.18%	-1.45%
Volatility (1Y) Calculated over the trailing 1-year period	32.65%	34.87%	-2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.66%	35.83%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.53%	32.97%	+0.56%

WCBR vs. SMH - Expense Ratio Comparison

WCBR has a 0.45% expense ratio, which is higher than SMH's 0.35% expense ratio.

Dividends

WCBR vs. SMH - Dividend Comparison

WCBR has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.18%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMH VanEck Semiconductor ETF	0.18%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%
WCBR WisdomTree Cybersecurity Fund	0.00%	0.00%	0.02%	0.00%	0.03%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCBR and SMH in my portfolio?

WCBR and SMH have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCBR or SMH?

SMH has higher volatility (19.08%) compared to WCBR (14.17%). In terms of maximum drawdown, WCBR dropped -52.25% vs SMH's -84.96%.

Which ETF is better, WCBR or SMH?

On 5-year performance, SMH leads with 38.18% vs 5.56% for WCBR. On fees, SMH is cheaper at 0.35% per year. On volatility, WCBR has been the lower-risk option at 14.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCBR or SMH?

Over the 5-year period, SMH has performed better with a 38.18% return vs 5.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCBR or SMH?

SMH is cheaper with a 0.35% expense ratio, compared with 0.45% for WCBR.

Which ETF pays a higher dividend yield, WCBR or SMH?

SMH has the higher dividend yield at 0.18%, compared with 0.00% for WCBR.

What is the main difference between WCBR and SMH?

WCBR is categorized as Technology Equities, while SMH is Semiconductors. WCBR tracks WisdomTree Team8 Cybersecurity Index, while SMH tracks MVIS US Listed Semiconductor 25 Index. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.45% for WCBR and 0.35% for SMH.

Which has better risk-adjusted returns?

SMH currently has the higher Sharpe Ratio (3.99 vs 0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.