^XOI vs. SMH
Compare and contrast key facts about Amex Oil Index (^XOI) 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: ^XOI or SMH.
Correlation
The correlation between ^XOI and SMH is 0.58, 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.
Performance
^XOI vs. SMH - Performance Comparison
Key characteristics
^XOI:
-0.90
SMH:
0.06
^XOI:
-1.11
SMH:
0.38
^XOI:
0.85
SMH:
1.05
^XOI:
-0.74
SMH:
0.07
^XOI:
-1.69
SMH:
0.17
^XOI:
14.41%
SMH:
14.52%
^XOI:
27.20%
SMH:
43.08%
^XOI:
-72.79%
SMH:
-83.29%
^XOI:
-26.64%
SMH:
-24.30%
Returns By Period
In the year-to-date period, ^XOI achieves a -5.97% return, which is significantly higher than SMH's -12.47% return. Over the past 10 years, ^XOI has underperformed SMH with an annualized return of 1.51%, while SMH has yielded a comparatively higher 24.02% annualized return.
^XOI
-5.97%
-12.02%
-12.31%
-24.50%
17.58%
1.51%
SMH
-12.47%
-0.09%
-15.83%
-2.17%
27.14%
24.02%
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Risk-Adjusted Performance
^XOI vs. SMH — Risk-Adjusted Performance Rank
^XOI
SMH
^XOI vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amex Oil Index (^XOI) 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
^XOI vs. SMH - Drawdown Comparison
The maximum ^XOI drawdown since its inception was -72.79%, smaller than the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for ^XOI and SMH. For additional features, visit the drawdowns tool.
Volatility
^XOI vs. SMH - Volatility Comparison
The current volatility for Amex Oil Index (^XOI) is 19.10%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 23.93%. This indicates that ^XOI 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.