YAFFX vs. SMH
Compare and contrast key facts about AMG Yacktman Focused Fund (YAFFX) and VanEck Semiconductor ETF (SMH).
YAFFX is managed by AMG. It was launched on May 1, 1997. 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
YAFFX vs. SMH - Performance Comparison
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YAFFX vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YAFFX AMG Yacktman Focused Fund | 10.26% | 3.89% | 9.30% | 16.53% | -8.20% | 16.48% | 17.22% | 19.21% | 2.99% | 20.07% |
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, YAFFX achieves a 10.26% return, which is significantly higher than SMH's 8.84% return. Over the past 10 years, YAFFX has underperformed SMH with an annualized return of 11.08%, while SMH has yielded a comparatively higher 31.58% annualized return.
YAFFX
- 1D
- 1.53%
- 1M
- -7.23%
- YTD
- 10.26%
- 6M
- 0.19%
- 1Y
- 12.84%
- 3Y*
- 12.23%
- 5Y*
- 7.51%
- 10Y*
- 11.08%
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%
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YAFFX vs. SMH - Expense Ratio Comparison
YAFFX has a 1.25% expense ratio, which is higher than SMH's 0.35% expense ratio.
Return for Risk
YAFFX vs. SMH — Risk / Return Rank
YAFFX
SMH
YAFFX vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Yacktman Focused Fund (YAFFX) 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.
| YAFFX | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 2.32 | -1.74 |
Sortino ratioReturn per unit of downside risk | 0.76 | 2.92 | -2.16 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.41 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 5.39 | -4.74 |
Martin ratioReturn relative to average drawdown | 2.29 | 19.22 | -16.93 |
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
| YAFFX | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 2.32 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.76 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.98 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.28 | +0.30 |
Correlation
The correlation between YAFFX and SMH is 0.59, 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
YAFFX vs. SMH - Dividend Comparison
YAFFX 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YAFFX AMG Yacktman Focused Fund | 0.00% | 0.00% | 18.44% | 4.42% | 7.60% | 4.70% | 11.87% | 15.84% | 22.15% | 11.82% | 11.81% | 24.36% |
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
YAFFX vs. SMH - Drawdown Comparison
The maximum YAFFX drawdown since its inception was -43.80%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for YAFFX and SMH.
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Drawdown Indicators
| YAFFX | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.80% | -84.96% | +41.16% |
Max Drawdown (1Y)Largest decline over 1 year | -17.08% | -15.95% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -21.31% | -45.30% | +23.99% |
Max Drawdown (10Y)Largest decline over 10 years | -30.62% | -45.30% | +14.68% |
Current DrawdownCurrent decline from peak | -7.31% | -8.02% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -41.35% | +35.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.85% | 4.47% | +0.38% |
Volatility
YAFFX vs. SMH - Volatility Comparison
The current volatility for AMG Yacktman Focused Fund (YAFFX) is 8.00%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.74%. This indicates that YAFFX 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
| YAFFX | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 11.74% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 21.56% | 24.02% | -2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 36.88% | -13.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 34.68% | -16.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 32.29% | -15.89% |