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