WQTM vs. SMH
WQTM (WisdomTree Quantum Computing Fund) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - WQTM is a Technology Equities fund actively managed by WisdomTree, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. WQTM is actively managed, while SMH is passively managed. Their 0.77 correlation means they have sometimes moved together and sometimes differently. WQTM charges 0.45%/yr vs 0.35%/yr for SMH.
Performance
WQTM vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, WQTM achieves a 26.58% return, which is significantly lower than SMH's 51.46% return.
WQTM
- 1D
- 4.23%
- 1M
- -7.87%
- 6M
- 20.66%
- YTD
- 26.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SMH
- 1D
- 0.91%
- 1M
- -7.91%
- 6M
- 33.70%
- YTD
- 51.46%
- 1Y
- 92.69%
- 3Y*
- 53.04%
- 5Y*
- 32.99%
- 10Y*
- 33.99%
- ALL TIME*
- 11.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.29B | $7.23B | $7.12B | |
| $7.42M | $7.41M | $15.89M |
WQTM vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WQTM WisdomTree Quantum Computing Fund | 26.58% | -13.35% |
SMH VanEck Semiconductor ETF | 51.46% | 4.39% |
Correlation
The correlation between WQTM and SMH is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025 | 0.77 |
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Return for Risk
WQTM vs. SMH — Risk / Return Rank
WQTM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SMH
WQTM vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Quantum Computing Fund (WQTM) 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.
| WQTM | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.79 | — |
| Martin ratioReturn relative to average drawdown | — | 15.18 | — |
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Drawdowns
WQTM vs. SMH - Drawdown Comparison
The maximum WQTM drawdown since its inception was -29.46%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for WQTM and SMH.
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Drawdown Indicators
| WQTM | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.46% | -84.96% | +55.50% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -20.70% | -18.46% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -40.89% | +28.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.13% | — |
Volatility
WQTM vs. SMH - Volatility Comparison
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Volatility by Period
| WQTM | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 32.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.89% | 38.50% | +5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.89% | 36.51% | +7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.89% | 33.33% | +10.56% |
WQTM vs. SMH - Expense Ratio Comparison
WQTM has a 0.45% expense ratio, which is higher than SMH's 0.35% expense ratio.
Dividends
WQTM vs. SMH - Dividend Comparison
WQTM has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 0.20% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
WQTM WisdomTree Quantum Computing Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WQTM and SMH have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMH is cheaper with a 0.35% expense ratio, compared with 0.45% for WQTM.
SMH has the higher dividend yield at 0.20%, compared with 0.00% for WQTM.
WQTM is categorized as Technology Equities, while SMH is Semiconductors. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.45% for WQTM and 0.35% for SMH.
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