WTAIX vs. SMH
Compare and contrast key facts about Wilmington Municipal Bond Fund (WTAIX) and VanEck Vectors Semiconductor ETF (SMH).
WTAIX is managed by Wilmington Funds. It was launched on Nov 1, 1993. 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: WTAIX or SMH.
Performance
WTAIX vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, WTAIX achieves a 1.11% return, which is significantly lower than SMH's 37.22% return. Over the past 10 years, WTAIX has underperformed SMH with an annualized return of 1.08%, while SMH has yielded a comparatively higher 28.12% annualized return.
WTAIX
1.11%
-0.59%
1.77%
5.42%
0.19%
1.08%
SMH
37.22%
-2.98%
4.21%
49.18%
32.05%
28.12%
Key characteristics
| WTAIX | SMH | |
|---|---|---|
| Sharpe Ratio | 2.01 | 1.44 |
| Sortino Ratio | 3.02 | 1.95 |
| Omega Ratio | 1.46 | 1.26 |
| Calmar Ratio | 0.76 | 2.00 |
| Martin Ratio | 7.18 | 5.45 |
| Ulcer Index | 0.79% | 9.13% |
| Daily Std Dev | 2.82% | 34.45% |
| Max Drawdown | -12.18% | -95.73% |
| Current Drawdown | -2.44% | -14.69% |
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WTAIX vs. SMH - Expense Ratio Comparison
WTAIX has a 0.49% expense ratio, which is higher than SMH's 0.35% expense ratio.
Correlation
The correlation between WTAIX and SMH is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
WTAIX vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wilmington Municipal Bond Fund (WTAIX) 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
WTAIX vs. SMH - Dividend Comparison
WTAIX's dividend yield for the trailing twelve months is around 2.47%, more than SMH's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WTAIX Wilmington Municipal Bond Fund | 2.47% | 2.25% | 1.92% | 1.71% | 1.87% | 2.23% | 2.13% | 1.96% | 1.75% | 2.01% | 2.23% | 2.20% |
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
WTAIX vs. SMH - Drawdown Comparison
The maximum WTAIX drawdown since its inception was -12.18%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for WTAIX and SMH. For additional features, visit the drawdowns tool.
Volatility
WTAIX vs. SMH - Volatility Comparison
The current volatility for Wilmington Municipal Bond Fund (WTAIX) is 1.44%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 8.20%. This indicates that WTAIX 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.