XITK vs. SMH

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR FactSet Innovative Technology ETF (XITK) and VanEck Semiconductor ETF (SMH).

XITK and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XITK is a passively managed fund by State Street that tracks the performance of the FactSet Innovative Technology Index. It was launched on Jan 13, 2016. 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. Both XITK and SMH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XITK vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR FactSet Innovative Technology ETF (XITK) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

XITK vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XITK SPDR FactSet Innovative Technology ETF	-18.00%	2.53%	19.12%	45.87%	-47.45%	-11.24%	90.22%	36.98%	7.60%	36.01%
SMH VanEck Semiconductor ETF	8.84%	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, XITK achieves a -18.00% return, which is significantly lower than SMH's 8.84% return. Over the past 10 years, XITK has underperformed SMH with an annualized return of 11.34%, while SMH has yielded a comparatively higher 31.58% annualized return.

XITK

• 1D: -0.20%
• 1M: -6.11%
• YTD: -18.00%
• 6M: -22.81%
• 1Y: -9.62%
• 3Y*: 6.98%
• 5Y*: -7.34%
• 10Y*: 11.34%

SMH

• 1D: 2.24%
• 1M: -3.55%
• YTD: 8.84%
• 6M: 17.83%
• 1Y: 85.04%
• 3Y*: 44.53%
• 5Y*: 26.15%
• 10Y*: 31.58%

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

XITK vs. SMH - Expense Ratio Comparison

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

XITK

SPDR FactSet Innovative Technology ETF

SMH

VanEck Semiconductor ETF

Return for Risk

XITK vs. SMH — Risk / Return Rank

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

XITK

XITK Risk / Return Rank: 6
XITK Sharpe Ratio Rank: 6
XITK Sortino Ratio Rank: 6
XITK Omega Ratio Rank: 6
XITK Calmar Ratio Rank: 7
XITK Martin Ratio Rank: 6

SMH

SMH Risk / Return Rank: 95
SMH Sharpe Ratio Rank: 94
SMH Sortino Ratio Rank: 93
SMH Omega Ratio Rank: 92
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 97

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.

XITK vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) 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.

	XITK	SMH	Difference
Sharpe ratio Return per unit of total volatility	-0.34	2.32	-2.66
Sortino ratio Return per unit of downside risk	-0.30	2.92	-3.22
Omega ratio Gain probability vs. loss probability	0.96	1.41	-0.45
Calmar ratio Return relative to maximum drawdown	-0.31	5.39	-5.69
Martin ratio Return relative to average drawdown	-0.79	19.22	-20.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XITK vs. SMH - Sharpe Ratio Comparison

The current XITK Sharpe Ratio is -0.34, which is lower than the SMH Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of XITK and SMH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XITK	SMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.34	2.32	-2.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.23	0.76	-0.98
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.98	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.28	+0.12

Correlation

The correlation between XITK and SMH is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XITK vs. SMH - Dividend Comparison

XITK has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.28%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XITK SPDR FactSet Innovative Technology ETF	0.00%	0.00%	0.00%	0.08%	0.11%	0.00%	0.06%	0.14%	1.50%	1.74%	1.88%	0.00%
SMH VanEck Semiconductor ETF	0.28%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%

Drawdowns

XITK vs. SMH - Drawdown Comparison

The maximum XITK drawdown since its inception was -65.56%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for XITK and SMH.

Drawdown Indicators

	XITK	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-65.56%	-84.96%	+19.40%
Max Drawdown (1Y) Largest decline over 1 year	-28.03%	-15.95%	-12.08%
Max Drawdown (5Y) Largest decline over 5 years	-61.53%	-45.30%	-16.23%
Max Drawdown (10Y) Largest decline over 10 years	-65.56%	-45.30%	-20.26%
Current Drawdown Current decline from peak	-44.09%	-8.02%	-36.07%
Average Drawdown Average peak-to-trough decline	-21.91%	-41.35%	+19.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.92%	4.47%	+6.45%

Volatility

XITK vs. SMH - Volatility Comparison

The current volatility for SPDR FactSet Innovative Technology ETF (XITK) is 9.17%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.74%. This indicates that XITK 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

	XITK	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.17%	11.74%	-2.57%
Volatility (6M) Calculated over the trailing 6-month period	19.62%	24.02%	-4.40%
Volatility (1Y) Calculated over the trailing 1-year period	28.68%	36.88%	-8.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.41%	34.68%	-2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.30%	32.29%	-2.99%