GOVT vs SMH
Comparison between ISHARES U.S. TREASURY BOND ETF (GOVT, ETF) and VANECK SEMICONDUCTOR ETF (SMH, ETF).
5-Year PerformanceSMH has outperformed GOVT, delivering a return of +36.8% compared to -0.3%
GOVT vs SMH - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GOVT vs SMH - Historical Returns
Returns include dividend reinvestment.
GOVT vs SMH - Annual Returns (2000 - 2026)
Returns include dividend reinvestment.
| Year | GOVT | SMH |
|---|---|---|
| 2026 | +0.31% | +51.77% |
| 2025 | +6.15% | +47.57% |
| 2024 | +3.27% | +43.94% |
| 2023 | +3.62% | +74.72% |
| 2022 | -11.87% | -34.96% |
| 2021 | -1.60% | +41.85% |
| 2020 | +7.08% | +52.02% |
| 2019 | +6.49% | +63.24% |
| 2018 | +0.54% | -11.36% |
| 2017 | +2.19% | +38.21% |
| 2016 | +0.60% | +36.97% |
| 2015 | +0.32% | -0.14% |
| 2014 | +4.75% | +31.56% |
| 2013 | -2.37% | +28.23% |
| 2012 | +2.23% | +7.08% |
| 2011 | N/A | -0.15% |
| 2010 | N/A | +16.23% |
| 2009 | N/A | +54.76% |
| 2008 | N/A | -43.01% |
| 2007 | N/A | +1.38% |
| 2006 | N/A | -10.68% |
| 2005 | N/A | +12.01% |
| 2004 | N/A | -19.40% |
| 2003 | N/A | +74.92% |
| 2002 | N/A | -49.20% |
| 2001 | N/A | -13.35% |
| 2000 | N/A | -50.35% |
GOVT vs SMH Drawdown Comparison
The maximum drawdown for GOVT was -19.07%, occurring on Oct 19, 2023. This drawdown has not yet recovered.
The maximum drawdown for SMH was -84.96%, occurring on Nov 20, 2008. Recovery took 4247 trading sessions.
The current GOVT drawdown is -6.83%.
| Rank | GOVT | SMH |
|---|---|---|
| #1 | -19.07% Aug 4, 2020 - Oct 19, 2023 | -84.96% Jun 21, 2000 - May 10, 2017 |
| #2 | -5.87% Jul 8, 2016 - May 13, 2019 | -45.30% Dec 27, 2021 - Jul 13, 2023 |
| #3 | -4.56% Mar 9, 2020 - Apr 21, 2020 | -35.75% Jul 10, 2024 - Jul 2, 2025 |
| #4 | -4.55% May 1, 2013 - Oct 8, 2014 | -33.62% Feb 19, 2020 - Jun 5, 2020 |
| #5 | -3.54% Jan 30, 2015 - Jan 29, 2016 | -27.01% Mar 12, 2018 - Apr 3, 2019 |
| #6 | -2.63% Sep 4, 2019 - Jan 29, 2020 | -17.96% Apr 24, 2019 - Jul 23, 2019 |
| #7 | -2.14% Apr 21, 2020 - Jul 23, 2020 | -15.58% Feb 16, 2021 - Apr 5, 2021 |
| #8 | -1.93% Jul 25, 2012 - May 1, 2013 | -14.93% Feb 25, 2026 - Apr 9, 2026 |
| #9 | -1.93% Mar 8, 2012 - Apr 23, 2012 | -14.93% Mar 7, 2024 - May 20, 2024 |
| #10 | -1.74% Feb 11, 2016 - Apr 7, 2016 | -14.42% Jul 31, 2023 - Nov 14, 2023 |
| #11 | -1.27% Apr 7, 2016 - May 13, 2016 | -13.04% Apr 5, 2021 - Jun 28, 2021 |
| #12 | -1.25% Jun 1, 2012 - Jul 16, 2012 | -12.23% Jan 23, 2018 - Mar 6, 2018 |
| #13 | -1.16% Oct 15, 2014 - Dec 12, 2014 | -12.18% Jul 24, 2019 - Oct 15, 2019 |
| #14 | -1.07% Dec 16, 2014 - Jan 5, 2015 | -11.80% Oct 29, 2025 - Dec 9, 2025 |
| #15 | -0.97% Jul 3, 2019 - Aug 1, 2019 | -10.75% Sep 2, 2020 - Oct 9, 2020 |
Correlation
Correlation between GOVT and SMH is 0.51 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (2006 - 2026)
GOVT vs SMH dividend yield comparison.
| Year | GOVT | SMH |
|---|---|---|
| 2026 | 1.19% | 0.00% |
| 2025 | 3.49% | 0.31% |
| 2024 | 3.14% | 0.44% |
| 2023 | 2.65% | 0.60% |
| 2022 | 1.77% | 1.18% |
| 2021 | 0.95% | 0.51% |
| 2020 | 2.17% | 0.69% |
| 2019 | 1.98% | 1.50% |
| 2018 | 1.97% | 1.88% |
| 2017 | 1.57% | 1.43% |
| 2016 | 1.40% | 0.80% |
| 2015 | 1.25% | 2.14% |
| 2014 | 1.17% | 1.16% |
| 2013 | 0.93% | 1.55% |
| 2012 | 0.85% | 2.17% |
| 2011 | 0.00% | 6.69% |
| 2010 | 0.00% | 1.29% |
| 2009 | 0.00% | 1.43% |
| 2008 | 0.00% | 2.14% |
| 2007 | 0.00% | 5.37% |
| 2006 | 0.00% | 0.50% |
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