SMH vs IWR
Comparison between VANECK SEMICONDUCTOR ETF (SMH, ETF) and ISHARES RUSSELL MID-CAP ETF (IWR, ETF).
5-Year PerformanceSMH has outperformed IWR, delivering a return of +38.9% compared to +8.5%
SMH vs IWR - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SMH
$59B
IWR
$53B
Expense Ratio
SMH
0.35%
Winner
IWR
0.18%
Max Drawdown
SMH
85.92%
Winner
IWR
59.73%
Sharpe Ratio
Winner
SMH
3.07
IWR
1.29
5Y Beta
SMH
1.85
Winner
IWR
0.91
P/E Ratio
SMH
53.80
Winner
IWR
28.20
Forward P/E
SMH
29.47
Winner
IWR
18.38
PEG Ratio
SMH
0.51
IWR
N/A
5Y Dividends CAGR
SMH
3.73%
Winner
IWR
11.39%
5Y EPS CAGR
Winner
SMH
37.07%
IWR
13.68%
Debt to Equity
SMH
N/A
IWR
22.47%
P/S Ratio
SMH
3.91
Winner
IWR
1.76
P/B Ratio
SMH
10.76
Winner
IWR
3.27
SMH vs IWR - Holdings Comparison
SMH and IWR have 7 common holdings. Overlap is 1.99%
SMH's top 25 holdings weight is 99.98%. IWR's top 25 holdings weight is 16.22%.
| Rank | SMH | IWR |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 16.22% | SANDISK CORP ORDINARY SHARES (SNDK) - 1.48% |
| #2 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 10.13% | WESTERN DIGITAL CORP (WDC) - 1.17% |
| #3 | BROADCOM INC (AVGO) - 7.89% | VERTIV HOLDINGS CO CLASS A (VRT) - 0.96% |
| #4 | INTEL CORP (INTC) - 7.79% | CORNING INC (GLW) - 0.93% |
| #5 | ADVANCED MICRO DEVICES INC (AMD) - 5.99% | QUANTA SERVICES INC (PWR) - 0.84% |
| #6 | MICRON TECHNOLOGY INC (MU) - 5.87% | HOWMET AEROSPACE INC (HWM) - 0.72% |
| #7 | TEXAS INSTRUMENTS INC (TXN) - 4.89% | CUMMINS INC (CMI) - 0.68% |
| #8 | ANALOG DEVICES INC (ADI) - 4.38% | BANK OF NEW YORK MELLON CORP (BK) - 0.67% |
| #9 | LAM RESEARCH CORP (LRCX) - 4.35% | MARATHON PETROLEUM CORP (MPC) - 0.58% |
| #10 | QUALCOMM INC (QCOM) - 4.34% | VALERO ENERGY CORP (VLO) - 0.57% |
| #11 | KLA CORP (KLAC) - 4.09% | CIENA CORP (CIEN) - 0.57% |
| #12 | APPLIED MATERIALS INC (AMAT) - 4.04% | CLOUDFLARE INC (NET) - 0.56% |
| #13 | ASML HOLDING NV ADR (ASML) - 4.00% | MONOLITHIC POWER SYSTEMS INC (MPWR) - 0.54% |
| #14 | MARVELL TECHNOLOGY INC (MRVL) - 2.94% | ROSS STORES INC (ROST) - 0.53% |
| #15 | SYNOPSYS INC (SNPS) - 2.32% | HILTON WORLDWIDE HOLDINGS INC (HLT) - 0.53% |
| #16 | CADENCE DESIGN SYSTEMS INC (CDNS) - 2.27% | PHILLIPS 66 (PSX) - 0.53% |
| #17 | NXP SEMICONDUCTORS NV (NXPI) - 1.35% | LUMENTUM HOLDINGS INC (LITE) - 0.52% |
| #18 | MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.31% | DIGITAL REALTY TRUST INC (DLR) - 0.50% |
| #19 | TERADYNE INC (TER) - 1.25% | COMFORT SYSTEMS USA INC (FIX) - 0.50% |
| #20 | MICROCHIP TECHNOLOGY INC (MCHP) - 1.12% | BAKER HUGHES CO CLASS A (BKR) - 0.49% |
| #21 | STMICROELECTRONICS NV ADR (STM) - 1.09% | ROYAL CARIBBEAN GROUP (RCL) - 0.49% |
| #22 | ARM HOLDINGS PLC ADR (ARM) - 0.77% | SIMON PROPERTY GROUP INC (SPG) - 0.48% |
| #23 | ON SEMICONDUCTOR CORP (ON) - 0.73% | n/a (WBD) - 0.47% |
| #24 | ASTERA LABS INC (ALAB) - 0.64% | KINDER MORGAN INC CLASS P (KMI) - 0.46% |
| #25 | SKYWORKS SOLUTIONS INC (SWKS) - 0.21% | KEYSIGHT TECHNOLOGIES INC (KEYS) - 0.45% |
| Total Holdings | 26 | 764 |
SMH vs IWR - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SMH
+26.60%
IWR
+2.97%
3M
Winner
SMH
+38.20%
IWR
+4.66%
6M
Winner
SMH
+58.35%
IWR
+9.42%
1Y
Winner
SMH
+137.13%
IWR
+19.37%
5Y(CAGR)
Winner
SMH
+38.92%
IWR
+8.49%
10Y(CAGR)
Winner
SMH
+37.44%
IWR
+11.52%
Max(CAGR)
Winner
SMH
+11.25%
IWR
+9.84%
SMH vs IWR - Annual Returns (2000 - 2026)
Returns include dividend reinvestment.
| Year | SMH | IWR |
|---|---|---|
| 2026 | +50.35% | +8.15% |
| 2025 | +47.57% | +10.50% |
| 2024 | +43.94% | +15.85% |
| 2023 | +74.72% | +17.57% |
| 2022 | -34.96% | -17.15% |
| 2021 | +41.85% | +24.43% |
| 2020 | +52.02% | +16.54% |
| 2019 | +63.24% | +30.71% |
| 2018 | -11.36% | -9.72% |
| 2017 | +38.21% | +17.37% |
| 2016 | +36.97% | +15.08% |
| 2015 | -0.14% | -2.62% |
| 2014 | +31.56% | +14.16% |
| 2013 | +28.23% | +31.20% |
| 2012 | +7.08% | +15.74% |
| 2011 | -0.15% | -2.81% |
| 2010 | +16.23% | +23.51% |
| 2009 | +54.76% | +35.99% |
| 2008 | -43.01% | -40.68% |
| 2007 | +1.38% | +4.90% |
| 2006 | -10.68% | +13.43% |
| 2005 | +12.01% | +14.09% |
| 2004 | -19.40% | +20.21% |
| 2003 | +74.92% | +35.79% |
| 2002 | -49.20% | -15.46% |
| 2001 | -13.35% | +0.35% |
| 2000 | -50.35% | N/A |
SMH vs IWR Drawdown Comparison
The maximum drawdown for SMH was -84.96%, occurring on Nov 20, 2008. Recovery took 4247 trading sessions.
The maximum drawdown for IWR was -58.78%, occurring on Mar 9, 2009. Recovery took 900 trading sessions.
The current SMH drawdown is -2.61%. The current IWR drawdown is -1.07%.
| Rank | SMH | IWR |
|---|---|---|
| #1 | -84.96% Jun 21, 2000 - May 10, 2017 | -58.78% Jul 13, 2007 - Feb 7, 2011 |
| #2 | -45.30% Dec 27, 2021 - Jul 13, 2023 | -40.59% Feb 20, 2020 - Oct 12, 2020 |
| #3 | -35.75% Jul 10, 2024 - Jul 2, 2025 | -32.26% Mar 19, 2002 - Sep 2, 2003 |
| #4 | -33.62% Feb 19, 2020 - Jun 5, 2020 | -26.17% Nov 16, 2021 - Mar 20, 2024 |
| #5 | -27.01% Mar 12, 2018 - Apr 3, 2019 | -24.17% Jul 7, 2011 - Mar 15, 2012 |
| #6 | -17.96% Apr 24, 2019 - Jul 23, 2019 | -21.21% Aug 29, 2018 - Apr 8, 2019 |
| #7 | -15.58% Feb 16, 2021 - Apr 5, 2021 | -21.09% Nov 25, 2024 - Jul 23, 2025 |
| #8 | -14.93% Feb 25, 2026 - Apr 9, 2026 | -20.33% Aug 2, 2001 - Jan 4, 2002 |
| #9 | -14.93% Mar 7, 2024 - May 20, 2024 | -19.42% Apr 23, 2015 - Jul 12, 2016 |
| #10 | -14.42% Jul 31, 2023 - Nov 14, 2023 | -10.82% Apr 2, 2012 - Sep 6, 2012 |
| #11 | -13.04% Apr 5, 2021 - Jun 28, 2021 | -10.11% May 5, 2006 - Oct 16, 2006 |
| #12 | -12.23% Jan 23, 2018 - Mar 6, 2018 | -9.68% Jan 26, 2018 - Jul 26, 2018 |
| #13 | -12.18% Jul 24, 2019 - Oct 15, 2019 | -9.33% Sep 5, 2014 - Nov 7, 2014 |
| #14 | -11.80% Oct 29, 2025 - Dec 9, 2025 | -8.91% Apr 5, 2004 - Oct 1, 2004 |
| #15 | -10.75% Sep 2, 2020 - Oct 9, 2020 | -8.17% Feb 26, 2026 - Apr 17, 2026 |
Correlation
Correlation between SMH and IWR is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (2001 - 2026)
SMH vs IWR dividend yield comparison.
| Year | SMH | IWR |
|---|---|---|
| 2026 | 0.00% | 0.25% |
| 2025 | 0.31% | 1.29% |
| 2024 | 0.44% | 1.27% |
| 2023 | 0.60% | 1.43% |
| 2022 | 1.18% | 1.59% |
| 2021 | 0.51% | 1.05% |
| 2020 | 0.69% | 1.28% |
| 2019 | 1.50% | 1.43% |
| 2018 | 1.88% | 1.98% |
| 2017 | 1.43% | 1.52% |
| 2016 | 0.80% | 1.72% |
| 2015 | 2.14% | 1.59% |
| 2014 | 1.16% | 1.45% |
| 2013 | 1.55% | 1.31% |
| 2012 | 2.17% | 1.81% |
| 2011 | 6.69% | 1.58% |
| 2010 | 1.29% | 1.45% |
| 2009 | 1.43% | 1.50% |
| 2008 | 2.14% | 2.09% |
| 2007 | 5.37% | 1.37% |
| 2006 | 0.50% | 1.31% |
| 2005 | 0.00% | 1.40% |
| 2004 | 0.00% | 1.11% |
| 2003 | 0.00% | 1.08% |
| 2002 | 0.00% | 1.08% |
| 2001 | 0.00% | 0.59% |
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