^SIXT vs. SMH
Compare and contrast key facts about Technology Select Sector Index (^SIXT) and VanEck Vectors Semiconductor ETF (SMH).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SIXT or SMH.
Key characteristics
| ^SIXT | SMH | |
|---|---|---|
| YTD Return | 14.37% | 35.48% |
| 1Y Return | 28.06% | 57.43% |
| 3Y Return (Ann) | 12.23% | 21.61% |
| 5Y Return (Ann) | 22.33% | 34.29% |
| 10Y Return (Ann) | 18.69% | 28.25% |
| Sharpe Ratio | 1.24 | 1.72 |
| Daily Std Dev | 21.73% | 33.86% |
| Max Drawdown | -33.93% | -95.73% |
| Current Drawdown | -7.38% | -15.77% |
Correlation
The correlation between ^SIXT and SMH is 0.84, 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
^SIXT vs. SMH - Performance Comparison
In the year-to-date period, ^SIXT achieves a 14.37% return, which is significantly lower than SMH's 35.48% return. Over the past 10 years, ^SIXT has underperformed SMH with an annualized return of 18.69%, while SMH has yielded a comparatively higher 28.25% 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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Risk-Adjusted Performance
^SIXT vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Technology Select Sector Index (^SIXT) 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.
Drawdowns
^SIXT vs. SMH - Drawdown Comparison
The maximum ^SIXT drawdown since its inception was -33.93%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for ^SIXT and SMH. For additional features, visit the drawdowns tool.
Volatility
^SIXT vs. SMH - Volatility Comparison
The current volatility for Technology Select Sector Index (^SIXT) is 8.72%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 13.30%. This indicates that ^SIXT 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.