XSD vs. SMH
Compare and contrast key facts about SPDR S&P Semiconductor ETF (XSD) and VanEck Vectors Semiconductor ETF (SMH).
XSD and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSD is a passively managed fund by State Street that tracks the performance of the S&P Semiconductor Select Industry. It was launched on Jan 31, 2006. 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 XSD 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XSD or SMH.
Key characteristics
| XSD | SMH | |
|---|---|---|
| YTD Return | -0.01% | 24.46% |
| 1Y Return | 27.63% | 80.07% |
| 3Y Return (Ann) | 6.20% | 21.61% |
| 5Y Return (Ann) | 21.50% | 33.36% |
| 10Y Return (Ann) | 21.62% | 29.03% |
| Sharpe Ratio | 0.77 | 2.90 |
| Daily Std Dev | 30.53% | 28.21% |
| Max Drawdown | -64.56% | -95.73% |
| Current Drawdown | -8.94% | -7.06% |
Correlation
The correlation between XSD and SMH is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XSD vs. SMH - Performance Comparison
In the year-to-date period, XSD achieves a -0.01% return, which is significantly lower than SMH's 24.46% return. Over the past 10 years, XSD has underperformed SMH with an annualized return of 21.62%, while SMH has yielded a comparatively higher 29.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XSD vs. SMH - Expense Ratio Comparison
Both XSD and SMH have an expense ratio of 0.35%.
Risk-Adjusted Performance
XSD vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Semiconductor ETF (XSD) 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
XSD vs. SMH - Dividend Comparison
XSD's dividend yield for the trailing twelve months is around 0.25%, less than SMH's 0.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSD SPDR S&P Semiconductor ETF | 0.25% | 0.31% | 0.44% | 0.10% | 0.26% | 0.51% | 1.16% | 0.59% | 0.64% | 0.58% | 0.46% | 0.52% |
SMH VanEck Vectors Semiconductor ETF | 0.48% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
XSD vs. SMH - Drawdown Comparison
The maximum XSD drawdown since its inception was -64.56%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for XSD and SMH. For additional features, visit the drawdowns tool.
Volatility
XSD vs. SMH - Volatility Comparison
SPDR S&P Semiconductor ETF (XSD) and VanEck Vectors Semiconductor ETF (SMH) have volatilities of 9.83% and 9.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.