XAID.L vs. SMH.L
XAID.L (Xtrackers Artificial Intelligence & Big Data UCITS ETF 1C) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - XAID.L is a Technology Equities fund tracking the Nasdaq Global Artificial Intelligence and Big Data Index, while SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past 5 years, XAID.L returned 19.49%/yr vs 37.31%/yr for SMH.L. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
XAID.L vs. SMH.L - Performance Comparison
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Returns By Period
In the year-to-date period, XAID.L achieves a 30.80% return, which is significantly lower than SMH.L's 91.81% return.
XAID.L
- 1D
- 0.00%
- 1M
- 0.93%
- YTD
- 30.80%
- 6M
- 31.44%
- 1Y
- 50.67%
- 3Y*
- 37.21%
- 5Y*
- 19.49%
- 10Y*
- —
SMH.L
- 1D
- 2.19%
- 1M
- 9.15%
- YTD
- 91.81%
- 6M
- 92.28%
- 1Y
- 158.45%
- 3Y*
- 62.12%
- 5Y*
- 37.31%
- 10Y*
- —
XAID.L vs. SMH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XAID.L Xtrackers Artificial Intelligence & Big Data UCITS ETF 1C | 30.80% | 29.99% | 27.58% | 67.18% | -35.60% | 25.35% | 9.39% |
SMH.L VanEck Semiconductor UCITS ETF | 91.81% | 49.20% | 24.11% | 75.94% | -35.54% | 42.75% | 4.36% |
Correlation
The correlation between XAID.L and SMH.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.79 |
The correlation between XAID.L and SMH.L has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
XAID.L vs. SMH.L — Risk / Return Rank
XAID.L
SMH.L
XAID.L vs. SMH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Artificial Intelligence & Big Data UCITS ETF 1C (XAID.L) and VanEck Semiconductor UCITS ETF (SMH.L). 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.
| XAID.L | SMH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.61 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 11.32 | -7.39 |
| Martin ratioReturn relative to average drawdown | 12.48 | 39.52 | -27.03 |
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Drawdowns
XAID.L vs. SMH.L - Drawdown Comparison
The maximum XAID.L drawdown since its inception was -41.08%, smaller than the maximum SMH.L drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for XAID.L and SMH.L.
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Drawdown Indicators
| XAID.L | SMH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.08% | -45.38% | +4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -13.91% | +1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -24.00% | -36.25% | +12.25% |
Max Drawdown (5Y)Largest decline over 5 years | -41.08% | -45.38% | +4.30% |
Current DrawdownCurrent decline from peak | -6.98% | -4.22% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -11.16% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 3.99% | +0.06% |
Volatility
XAID.L vs. SMH.L - Volatility Comparison
The current volatility for Xtrackers Artificial Intelligence & Big Data UCITS ETF 1C (XAID.L) is 10.83%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 14.10%. This indicates that XAID.L experiences smaller price fluctuations and is considered to be less risky than SMH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAID.L | SMH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.83% | 14.10% | -3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 19.25% | 27.92% | -8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 34.30% | -11.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.30% | 33.00% | -7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.32% | 32.54% | -8.22% |
XAID.L vs. SMH.L - Expense Ratio Comparison
Both XAID.L and SMH.L have an expense ratio of 0.35%.
Dividends
XAID.L vs. SMH.L - Dividend Comparison
Neither XAID.L nor SMH.L has paid dividends to shareholders.
Frequently Asked Questions
XAID.L and SMH.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XAID.L and SMH.L have the same expense ratio: 0.35% per year.
XAID.L is categorized as Technology Equities, while SMH.L is Semiconductors. XAID.L tracks Nasdaq Global Artificial Intelligence and Big Data Index, while SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: Xtrackers and VanEck.
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