IBIT vs SMH
Comparison between iShares Bitcoin Trust (IBIT, ETF) and VANECK SEMICONDUCTOR ETF (SMH, ETF).
IBIT vs SMH - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IBIT
$62B
SMH
$59B
Expense Ratio
Winner
IBIT
0.25%
SMH
0.35%
Max Drawdown
Winner
IBIT
49.36%
SMH
85.92%
Sharpe Ratio
IBIT
-0.44
Winner
SMH
3.07
5Y Beta
Winner
IBIT
1.28
SMH
1.85
P/E Ratio
IBIT
N/A
SMH
53.80
Forward P/E
IBIT
N/A
SMH
29.47
PEG Ratio
IBIT
N/A
SMH
0.51
5Y Dividends CAGR
IBIT
N/A
SMH
3.73%
5Y EPS CAGR
IBIT
N/A
SMH
37.07%
P/S Ratio
IBIT
N/A
SMH
3.91
P/B Ratio
IBIT
N/A
SMH
10.76
IBIT vs SMH - Historical Returns
Returns include dividend reinvestment.
1M
IBIT
+10.12%
Winner
SMH
+26.60%
3M
IBIT
+23.62%
Winner
SMH
+38.20%
6M
IBIT
-20.47%
Winner
SMH
+58.35%
1Y
IBIT
-20.87%
Winner
SMH
+137.13%
5Y(CAGR)
IBIT
N/A
SMH
+38.92%
10Y(CAGR)
IBIT
N/A
SMH
+37.44%
Max(CAGR)
Winner
IBIT
+26.17%
SMH
+11.25%
IBIT vs SMH - Annual Returns (2000 - 2026)
Returns include dividend reinvestment.
| Year | IBIT | SMH |
|---|---|---|
| 2026 | -10.09% | +50.35% |
| 2025 | -10.33% | +47.57% |
| 2024 | +99.21% | +43.94% |
| 2023 | N/A | +74.72% |
| 2022 | N/A | -34.96% |
| 2021 | N/A | +41.85% |
| 2020 | N/A | +52.02% |
| 2019 | N/A | +63.24% |
| 2018 | N/A | -11.36% |
| 2017 | N/A | +38.21% |
| 2016 | N/A | +36.97% |
| 2015 | N/A | -0.14% |
| 2014 | N/A | +31.56% |
| 2013 | N/A | +28.23% |
| 2012 | N/A | +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% |
IBIT vs SMH Drawdown Comparison
The maximum drawdown for IBIT was -49.36%, occurring on Feb 5, 2026. 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 IBIT drawdown is -35.76%. The current SMH drawdown is -2.61%.
| Rank | IBIT | SMH |
|---|---|---|
| #1 | -49.36% Oct 6, 2025 - Feb 5, 2026 | -84.96% Jun 21, 2000 - May 10, 2017 |
| #2 | -28.22% Dec 17, 2024 - May 20, 2025 | -45.30% Dec 27, 2021 - Jul 13, 2023 |
| #3 | -27.51% Mar 13, 2024 - Nov 6, 2024 | -35.75% Jul 10, 2024 - Jul 2, 2025 |
| #4 | -16.18% Jan 11, 2024 - Feb 9, 2024 | -33.62% Feb 19, 2020 - Jun 5, 2020 |
| #5 | -12.03% Aug 13, 2025 - Oct 6, 2025 | -27.01% Mar 12, 2018 - Apr 3, 2019 |
| #6 | -8.62% Mar 4, 2024 - Mar 8, 2024 | -17.96% Apr 24, 2019 - Jul 23, 2019 |
| #7 | -8.48% Nov 22, 2024 - Dec 6, 2024 | -15.58% Feb 16, 2021 - Apr 5, 2021 |
| #8 | -8.48% May 22, 2025 - Jul 9, 2025 | -14.93% Feb 25, 2026 - Apr 9, 2026 |
| #9 | -5.81% Jul 14, 2025 - Aug 13, 2025 | -14.93% Mar 7, 2024 - May 20, 2024 |
| #10 | -5.31% Dec 6, 2024 - Dec 13, 2024 | -14.42% Jul 31, 2023 - Nov 14, 2023 |
| #11 | -2.59% Nov 12, 2024 - Nov 15, 2024 | -13.04% Apr 5, 2021 - Jun 28, 2021 |
| #12 | -1.99% Feb 20, 2024 - Feb 22, 2024 | -12.23% Jan 23, 2018 - Mar 6, 2018 |
| #13 | -1.88% Feb 22, 2024 - Feb 26, 2024 | -12.18% Jul 24, 2019 - Oct 15, 2019 |
| #14 | -1.54% Feb 12, 2024 - Feb 14, 2024 | -11.80% Oct 29, 2025 - Dec 9, 2025 |
| #15 | -0.95% Mar 11, 2024 - Mar 13, 2024 | -10.75% Sep 2, 2020 - Oct 9, 2020 |
Correlation
Correlation between IBIT and SMH is 0.14 which considered as a very weak or no correlation - the stocks move independently of each other.
0.14
-101
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