SMHX vs KDEF
Comparison between VANECK FABLESS SEMICONDUCTOR ETF (SMHX, ETF) and PLUS KOREA DEFENSE INDUSTRY INDEX ETF (KDEF, ETF).
SMHX vs KDEF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SMHX
$202M
KDEF
$202M
Expense Ratio
Winner
SMHX
0.35%
KDEF
0.65%
Max Drawdown
SMHX
38.53%
Winner
KDEF
35.67%
Sharpe Ratio
Winner
SMHX
2.20
KDEF
0.63
5Y Beta
SMHX
1.99
Winner
KDEF
0.88
P/E Ratio
SMHX
82.13
KDEF
N/A
Forward P/E
SMHX
42.59
KDEF
N/A
PEG Ratio
SMHX
0.99
KDEF
N/A
5Y EPS CAGR
SMHX
33.64%
KDEF
N/A
Debt to Equity
SMHX
21.97%
KDEF
N/A
P/S Ratio
SMHX
16.70
KDEF
N/A
P/B Ratio
SMHX
13.43
KDEF
N/A
SMHX vs KDEF - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SMHX
+14.04%
KDEF
-35.45%
3M
Winner
SMHX
+57.31%
KDEF
-26.94%
6M
Winner
SMHX
+48.92%
KDEF
+5.67%
1Y
Winner
SMHX
+109.92%
KDEF
+20.84%
Max(CAGR)
SMHX
+63.92%
Winner
KDEF
+75.36%
SMHX vs KDEF - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | SMHX | KDEF |
|---|---|---|
| 2026 | +52.35% | -7.14% |
| 2025 | +28.55% | +117.36% |
| 2024 | +17.76% | N/A |
SMHX vs KDEF Drawdown Comparison
The maximum drawdown for SMHX was -38.53%, occurring on Apr 8, 2025. Recovery took 116 trading sessions.
The maximum drawdown for KDEF was -35.45%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The current SMHX drawdown is -12.26%. The current KDEF drawdown is -35.45%.
| Rank | SMHX | KDEF |
|---|---|---|
| #1 | -38.53% Jan 22, 2025 - Jul 10, 2025 | -35.45% May 5, 2026 - Jun 5, 2026 |
| #2 | -17.06% Oct 29, 2025 - Apr 13, 2026 | -22.51% Sep 16, 2025 - Jan 8, 2026 |
| #3 | -12.26% Jun 3, 2026 - Jun 5, 2026 | -20.93% Mar 17, 2025 - Apr 22, 2025 |
| #4 | -12.25% Aug 30, 2024 - Sep 19, 2024 | -20.48% Mar 3, 2026 - Apr 22, 2026 |
| #5 | -8.61% Nov 7, 2024 - Dec 4, 2024 | -11.81% Jun 23, 2025 - Sep 2, 2025 |
| #6 | -7.31% Oct 8, 2025 - Oct 27, 2025 | -9.68% Feb 19, 2025 - Mar 5, 2025 |
| #7 | -7.04% Oct 29, 2024 - Nov 6, 2024 | -7.63% Jan 29, 2026 - Feb 20, 2026 |
| #8 | -6.96% Dec 16, 2024 - Jan 6, 2025 | -7.26% May 9, 2025 - May 23, 2025 |
| #9 | -6.87% Apr 24, 2026 - May 5, 2026 | -5.40% Mar 7, 2025 - Mar 17, 2025 |
| #10 | -6.22% Jan 6, 2025 - Jan 22, 2025 | -4.83% Apr 22, 2026 - Apr 30, 2026 |
| #11 | -5.41% Aug 13, 2025 - Aug 28, 2025 | -3.67% Jun 16, 2025 - Jun 23, 2025 |
| #12 | -5.25% May 14, 2026 - May 20, 2026 | -3.09% Jan 21, 2026 - Jan 29, 2026 |
| #13 | -5.17% Sep 26, 2024 - Oct 8, 2024 | -2.97% Apr 25, 2025 - May 2, 2025 |
| #14 | -4.91% Aug 28, 2025 - Sep 8, 2025 | -2.70% May 1, 2026 - May 5, 2026 |
| #15 | -3.80% Jul 30, 2025 - Aug 8, 2025 | -2.56% Feb 20, 2026 - Feb 25, 2026 |
Correlation
Correlation between SMHX and KDEF is 0.64 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.64
-101
Dividend Comparison (2024 - 2026)
SMHX vs KDEF dividend yield comparison.
| Year | SMHX | KDEF |
|---|---|---|
| 2026 | 0.00% | 1.79% |
| 2025 | 0.02% | 5.06% |
| 2024 | 0.04% | 0.00% |
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