WTAIX vs. SMH
Compare and contrast key facts about Wilmington Municipal Bond Fund (WTAIX) and VanEck 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.
Performance
WTAIX vs. SMH - Performance Comparison
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WTAIX vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTAIX Wilmington Municipal Bond Fund | -0.77% | 5.05% | 0.73% | 5.14% | -8.01% | 0.55% | 2.60% | 7.12% | 0.86% | 4.30% |
SMH VanEck Semiconductor ETF | 6.46% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
In the year-to-date period, WTAIX achieves a -0.77% return, which is significantly lower than SMH's 6.46% return. Over the past 10 years, WTAIX has underperformed SMH with an annualized return of 1.47%, while SMH has yielded a comparatively higher 31.28% annualized return.
WTAIX
- 1D
- 0.08%
- 1M
- -2.68%
- YTD
- -0.77%
- 6M
- 0.54%
- 1Y
- 3.93%
- 3Y*
- 2.43%
- 5Y*
- 0.57%
- 10Y*
- 1.47%
SMH
- 1D
- 5.76%
- 1M
- -5.65%
- YTD
- 6.46%
- 6M
- 17.84%
- 1Y
- 81.87%
- 3Y*
- 43.47%
- 5Y*
- 25.59%
- 10Y*
- 31.28%
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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.
Return for Risk
WTAIX vs. SMH — Risk / Return Rank
WTAIX
SMH
WTAIX vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wilmington Municipal Bond Fund (WTAIX) 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.
| WTAIX | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 2.23 | -1.01 |
Sortino ratioReturn per unit of downside risk | 1.63 | 2.85 | -1.22 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 5.10 | -3.84 |
Martin ratioReturn relative to average drawdown | 4.95 | 18.29 | -13.34 |
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
| WTAIX | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 2.23 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.74 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.97 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.28 | +0.85 |
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.
Dividends
WTAIX vs. SMH - Dividend Comparison
WTAIX's dividend yield for the trailing twelve months is around 2.47%, more than SMH's 0.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WTAIX Wilmington Municipal Bond Fund | 2.47% | 2.85% | 2.11% | 2.03% | 1.45% | 1.68% | 1.72% | 3.84% | 2.15% | 2.92% | 2.63% | 3.81% |
SMH VanEck Semiconductor ETF | 0.29% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
WTAIX vs. SMH - Drawdown Comparison
The maximum WTAIX drawdown since its inception was -12.35%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for WTAIX and SMH.
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Drawdown Indicators
| WTAIX | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.35% | -84.96% | +72.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.66% | -15.95% | +12.29% |
Max Drawdown (5Y)Largest decline over 5 years | -12.35% | -45.30% | +32.95% |
Max Drawdown (10Y)Largest decline over 10 years | -12.35% | -45.30% | +32.95% |
Current DrawdownCurrent decline from peak | -2.68% | -10.03% | +7.35% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -41.36% | +39.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 4.44% | -3.51% |
Volatility
WTAIX vs. SMH - Volatility Comparison
The current volatility for Wilmington Municipal Bond Fund (WTAIX) is 0.89%, while VanEck Semiconductor ETF (SMH) has a volatility of 12.11%. 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.
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Volatility by Period
| WTAIX | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 12.11% | -11.22% |
Volatility (6M)Calculated over the trailing 6-month period | 1.39% | 23.95% | -22.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 36.84% | -33.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.05% | 34.71% | -31.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 32.28% | -28.85% |