PCMM vs SMHX
Comparison between BondBloxx Private Credit CLO ETF (PCMM, ETF) and VANECK FABLESS SEMICONDUCTOR ETF (SMHX, ETF).
PCMM vs SMHX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
PCMM
$203M
SMHX
$202M
Expense Ratio
PCMM
0.68%
Winner
SMHX
0.35%
Max Drawdown
Winner
PCMM
4.79%
SMHX
38.53%
Sharpe Ratio
PCMM
0.23
Winner
SMHX
2.20
5Y Beta
Winner
PCMM
0.08
SMHX
1.99
P/E Ratio
PCMM
N/A
SMHX
82.13
Forward P/E
PCMM
N/A
SMHX
42.59
PEG Ratio
PCMM
N/A
SMHX
0.99
5Y EPS CAGR
PCMM
N/A
SMHX
33.64%
Debt to Equity
PCMM
N/A
SMHX
21.97%
P/S Ratio
PCMM
N/A
SMHX
16.70
P/B Ratio
PCMM
N/A
SMHX
13.43
PCMM vs SMHX - Holdings Comparison
PCMM and SMHX have 1 common holdings. Overlap is 0.02%
PCMM's top 25 holdings weight is 63.86%. SMHX's top 25 holdings weight is 100.00%.
| Rank | PCMM | SMHX |
|---|---|---|
| #1 | ANTARES CLO 2023-1 LTD 5.52% (n/a) - 4.92% | NVIDIA CORP (NVDA) - 14.14% |
| #2 | GOLUB CAPITAL PARTNERS CLO 45(M)-R 5.29% (n/a) - 4.56% | BROADCOM INC (AVGO) - 11.34% |
| #3 | WOODMONT 2017-1 TRUST 5.37% (n/a) - 4.25% | ADVANCED MICRO DEVICES INC (AMD) - 7.53% |
| #4 | BLACKROCK MT LASSEN CLO XV LLC 5.32% (n/a) - 3.94% | ARM HOLDINGS PLC ADR (ARM) - 7.36% |
| #5 | n/a (n/a) - 3.16% | ASTERA LABS INC (ALAB) - 7.04% |
| #6 | MONROE CAPITAL MML CLO XIV LTD 5.92% (n/a) - 2.96% | MARVELL TECHNOLOGY INC (MRVL) - 6.34% |
| #7 | MCF CLO LLC 6.22% (n/a) - 2.95% | QUALCOMM INC (QCOM) - 5.68% |
| #8 | US DOLLARS (n/a) - 2.86% | RAMBUS INC (RMBS) - 4.39% |
| #9 | n/a (n/a) - 2.71% | MONOLITHIC POWER SYSTEMS INC (MPWR) - 4.27% |
| #10 | LAKE SHORE MM CLO 2021-4R LTD 5.37% (n/a) - 2.52% | LATTICE SEMICONDUCTOR CORP (LSCC) - 3.99% |
| #11 | BCC MIDDLE MARKET CLO 2023-2 LLC 5.04% (n/a) - 2.46% | SITIME CORP ORDINARY SHARES (SITM) - 3.86% |
| #12 | CERBERUS LOAN FUNDING 53 LLC 5.16% (n/a) - 2.46% | SYNOPSYS INC (SNPS) - 3.78% |
| #13 | WOODMONT 2022-10 TRUST 5.77% (n/a) - 2.43% | CADENCE DESIGN SYSTEMS INC (CDNS) - 3.57% |
| #14 | GOLUB CAP PARTNERS CLO 47M-R 7.71% (n/a) - 2.40% | SEMTECH CORP (SMTC) - 3.53% |
| #15 | n/a (n/a) - 2.23% | SILICON MOTION TECHNOLOGY CORP ADR (SIMO) - 3.37% |
| #16 | BXSL CLO 2024-1 LLC 6.17% (n/a) - 2.08% | CIRRUS LOGIC INC (CRUS) - 2.66% |
| #17 | GOLUB CAPITAL PARTNERS CLO 65M-R 7.57% (n/a) - 2.08% | SILICON LABORATORIES INC (SLAB) - 1.65% |
| #18 | OWL ROCK CLO VII LTD 5.07% (n/a) - 1.96% | AMBARELLA INC (AMBA) - 1.21% |
| #19 | JCP DIRECT LENDING CLO 2023-1 LTD 7.17% (n/a) - 1.91% | SYNAPTICS INC (SYNA) - 1.13% |
| #20 | n/a (n/a) - 1.78% | POWER INTEGRATIONS INC (POWI) - 1.10% |
| #21 | BCC MIDDLE MARKET CLO 2018-1 L 0% (n/a) - 1.48% | ALLEGRO MICROSYSTEMS INC ORDINARY SHARES (ALGM) - 1.07% |
| #22 | IVY HIL MID MKT CR FD 2021-18R 5.42% (n/a) - 1.47% | IMPINJ INC (PI) - 0.97% |
| #23 | BLACKROCK MT LASSEN CLO XV LLC 7.62% (n/a) - 1.45% | US DOLLAR (n/a) - 0.02% |
| #24 | BCC MIDDLE MARKET CLO 2024-1 LLC 8.17% (n/a) - 1.43% | N/A |
| #25 | ANTARES CLO 2026-1 LTD 6.68% (n/a) - 1.41% | N/A |
| Total Holdings | 78 | 23 |
PCMM vs SMHX - Historical Returns
Returns include dividend reinvestment.
1M
PCMM
+0.33%
Winner
SMHX
+14.04%
3M
PCMM
+1.01%
Winner
SMHX
+57.31%
6M
PCMM
+2.01%
Winner
SMHX
+48.92%
1Y
PCMM
+4.79%
Winner
SMHX
+109.92%
Max(CAGR)
PCMM
+5.50%
Winner
SMHX
+63.92%
PCMM vs SMHX - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | PCMM | SMHX |
|---|---|---|
| 2026 | +1.55% | +52.35% |
| 2025 | +6.08% | +28.55% |
| 2024 | +0.50% | +17.76% |
PCMM vs SMHX Drawdown Comparison
The maximum drawdown for PCMM was -4.33%, occurring on Apr 8, 2025. Recovery took 31 trading sessions.
The maximum drawdown for SMHX was -38.53%, occurring on Apr 8, 2025. Recovery took 116 trading sessions.
The current PCMM drawdown is -0.09%. The current SMHX drawdown is -12.26%.
| Rank | PCMM | SMHX |
|---|---|---|
| #1 | -4.33% Mar 27, 2025 - May 12, 2025 | -38.53% Jan 22, 2025 - Jul 10, 2025 |
| #2 | -2.15% Feb 20, 2026 - May 18, 2026 | -17.06% Oct 29, 2025 - Apr 13, 2026 |
| #3 | -1.51% Jun 2, 2025 - Jul 9, 2025 | -12.26% Jun 3, 2026 - Jun 5, 2026 |
| #4 | -1.14% May 22, 2025 - Jun 2, 2025 | -12.25% Aug 30, 2024 - Sep 19, 2024 |
| #5 | -0.81% May 19, 2026 - May 28, 2026 | -8.61% Nov 7, 2024 - Dec 4, 2024 |
| #6 | -0.79% Aug 1, 2025 - Aug 8, 2025 | -7.31% Oct 8, 2025 - Oct 27, 2025 |
| #7 | -0.55% May 15, 2025 - May 22, 2025 | -7.04% Oct 29, 2024 - Nov 6, 2024 |
| #8 | -0.54% Oct 14, 2025 - Oct 31, 2025 | -6.96% Dec 16, 2024 - Jan 6, 2025 |
| #9 | -0.53% Feb 25, 2025 - Mar 11, 2025 | -6.87% Apr 24, 2026 - May 5, 2026 |
| #10 | -0.53% Nov 25, 2025 - Dec 18, 2025 | -6.22% Jan 6, 2025 - Jan 22, 2025 |
| #11 | -0.53% Feb 3, 2026 - Feb 13, 2026 | -5.41% Aug 13, 2025 - Aug 28, 2025 |
| #12 | -0.47% Dec 27, 2024 - Jan 21, 2025 | -5.25% May 14, 2026 - May 20, 2026 |
| #13 | -0.44% Mar 11, 2025 - Mar 18, 2025 | -5.17% Sep 26, 2024 - Oct 8, 2024 |
| #14 | -0.43% Jul 10, 2025 - Jul 18, 2025 | -4.91% Aug 28, 2025 - Sep 8, 2025 |
| #15 | -0.42% Dec 9, 2024 - Dec 20, 2024 | -3.80% Jul 30, 2025 - Aug 8, 2025 |
Correlation
Correlation between PCMM and SMHX is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (2024 - 2026)
PCMM vs SMHX dividend yield comparison.
| Year | PCMM | SMHX |
|---|---|---|
| 2026 | 2.55% | 0.00% |
| 2025 | 7.02% | 0.02% |
| 2024 | 0.00% | 0.04% |
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