SMHX vs SPXS
Comparison between VANECK FABLESS SEMICONDUCTOR ETF (SMHX, ETF) and DIREXION DAILY S&P 500(R) BEAR 3X SHARES (SPXS, ETF).
SMHX vs SPXS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SMHX vs SPXS - Holdings Comparison
SMHX and SPXS have 0 common holdings. Overlap is 0.00%
SMHX's top 25 holdings weight is 97.97%. SPXS's top 25 holdings weight is 22.26%.
| Rank | SMHX | SPXS |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 21.24% | GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 22.26% |
| #2 | BROADCOM INC (AVGO) - 15.89% | N/A |
| #3 | ADVANCED MICRO DEVICES INC (AMD) - 5.89% | N/A |
| #4 | ASTERA LABS INC (ALAB) - 4.80% | N/A |
| #5 | QUALCOMM INC (QCOM) - 4.69% | N/A |
| #6 | CADENCE DESIGN SYSTEMS INC (CDNS) - 4.37% | N/A |
| #7 | SYNOPSYS INC (SNPS) - 4.19% | N/A |
| #8 | MONOLITHIC POWER SYSTEMS INC (MPWR) - 4.16% | N/A |
| #9 | MARVELL TECHNOLOGY INC (MRVL) - 4.11% | N/A |
| #10 | ARM HOLDINGS PLC ADR (ARM) - 4.08% | N/A |
| #11 | LATTICE SEMICONDUCTOR CORP (LSCC) - 3.83% | N/A |
| #12 | SILICON MOTION TECHNOLOGY CORP ADR (SIMO) - 3.64% | N/A |
| #13 | SITIME CORP ORDINARY SHARES (SITM) - 3.35% | N/A |
| #14 | RAMBUS INC (RMBS) - 3.12% | N/A |
| #15 | SEMTECH CORP (SMTC) - 3.02% | N/A |
| #16 | CIRRUS LOGIC INC (CRUS) - 2.23% | N/A |
| #17 | SILICON LABORATORIES INC (SLAB) - 2.13% | N/A |
| #18 | ALLEGRO MICROSYSTEMS INC ORDINARY SHARES (ALGM) - 1.29% | N/A |
| #19 | AMBARELLA INC (AMBA) - 0.97% | N/A |
| #20 | SYNAPTICS INC (SYNA) - 0.97% | N/A |
| #21 | N/A | N/A |
| #22 | N/A | N/A |
| #23 | N/A | N/A |
| #24 | N/A | N/A |
| #25 | N/A | N/A |
| Total Holdings | 20 | 1 |
SMHX vs SPXS - Historical Returns
Returns include dividend reinvestment.
SMHX vs SPXS - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | SMHX | SPXS |
|---|---|---|
| 2026 | +48.36% | -23.78% |
| 2025 | +28.55% | -41.98% |
| 2024 | +17.76% | -43.78% |
| 2023 | N/A | -46.63% |
| 2022 | N/A | +38.60% |
| 2021 | N/A | -59.75% |
| 2020 | N/A | -69.64% |
| 2019 | N/A | -56.42% |
| 2018 | N/A | +5.66% |
| 2017 | N/A | -43.20% |
| 2016 | N/A | -38.78% |
| 2015 | N/A | -18.14% |
| 2014 | N/A | -39.64% |
| 2013 | N/A | -57.52% |
| 2012 | N/A | -39.97% |
| 2011 | N/A | -30.76% |
| 2010 | N/A | -46.06% |
| 2009 | N/A | -67.89% |
| 2008 | N/A | -43.19% |
SMHX vs SPXS Drawdown Comparison
The maximum drawdown for SMHX was -38.53%, occurring on Apr 8, 2025. Recovery took 116 trading sessions.
The maximum drawdown for SPXS was -100.00%, occurring on Jun 2, 2026. This drawdown has not yet recovered.
The current SMHX drawdown is -14.56%. The current SPXS drawdown is -100.00%.
| Rank | SMHX | SPXS |
|---|---|---|
| #1 | -38.53% Jan 22, 2025 - Jul 10, 2025 | -100.00% Nov 20, 2008 - Jun 2, 2026 |
| #2 | -18.29% Jun 3, 2026 - Jul 17, 2026 | N/A |
| #3 | -17.06% Oct 29, 2025 - Apr 13, 2026 | N/A |
| #4 | -12.25% Aug 30, 2024 - Sep 19, 2024 | N/A |
| #5 | -8.61% Nov 7, 2024 - Dec 4, 2024 | N/A |
| #6 | -7.31% Oct 8, 2025 - Oct 27, 2025 | N/A |
| #7 | -7.04% Oct 29, 2024 - Nov 6, 2024 | N/A |
| #8 | -6.96% Dec 16, 2024 - Jan 6, 2025 | N/A |
| #9 | -6.87% Apr 24, 2026 - May 5, 2026 | N/A |
| #10 | -6.22% Jan 6, 2025 - Jan 22, 2025 | N/A |
| #11 | -5.41% Aug 13, 2025 - Aug 28, 2025 | N/A |
| #12 | -5.25% May 14, 2026 - May 20, 2026 | N/A |
| #13 | -5.17% Sep 26, 2024 - Oct 8, 2024 | N/A |
| #14 | -4.91% Aug 28, 2025 - Sep 8, 2025 | N/A |
| #15 | -3.80% Jul 30, 2025 - Aug 8, 2025 | N/A |
Correlation
Correlation between SMHX and SPXS is -0.88 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
Dividend Comparison (2018 - 2026)
SMHX vs SPXS dividend yield comparison.
| Year | SMHX | SPXS |
|---|---|---|
| 2026 | 0.00% | 2.34% |
| 2025 | 0.02% | 4.93% |
| 2024 | 0.04% | 6.18% |
| 2023 | 0.00% | 5.66% |
| 2020 | 0.00% | 0.51% |
| 2019 | 0.00% | 1.74% |
| 2018 | 0.00% | 0.58% |
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