SMHX vs SPY
Comparison between VANECK FABLESS SEMICONDUCTOR ETF (SMHX, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
SMHX vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SMHX
$202M
Winner
SPY
$735B
Expense Ratio
SMHX
0.35%
Winner
SPY
0.09%
Max Drawdown
Winner
SMHX
38.53%
SPY
56.47%
Sharpe Ratio
Winner
SMHX
2.20
SPY
1.62
5Y Beta
SMHX
1.99
Winner
SPY
1.00
P/E Ratio
SMHX
82.13
Winner
SPY
28.99
Forward P/E
SMHX
42.59
Winner
SPY
22.37
PEG Ratio
SMHX
0.99
SPY
N/A
5Y Dividends CAGR
SMHX
N/A
SPY
5.43%
5Y EPS CAGR
Winner
SMHX
33.64%
SPY
26.05%
Debt to Equity
Winner
SMHX
21.97%
SPY
32.40%
P/S Ratio
SMHX
16.70
Winner
SPY
3.74
P/B Ratio
SMHX
13.43
Winner
SPY
5.61
SMHX vs SPY - Holdings Comparison
SMHX and SPY have 8 common holdings. Overlap is 13.33%
SMHX's top 25 holdings weight is 100.00%. SPY's top 25 holdings weight is 52.37%.
| Rank | SMHX | SPY |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 14.14% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | BROADCOM INC (AVGO) - 11.34% | APPLE INC (AAPL) - 7.02% |
| #3 | ADVANCED MICRO DEVICES INC (AMD) - 7.53% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | ARM HOLDINGS PLC ADR (ARM) - 7.36% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | ASTERA LABS INC (ALAB) - 7.04% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | MARVELL TECHNOLOGY INC (MRVL) - 6.34% | BROADCOM INC (AVGO) - 3.10% |
| #7 | QUALCOMM INC (QCOM) - 5.68% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | RAMBUS INC (RMBS) - 4.39% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | MONOLITHIC POWER SYSTEMS INC (MPWR) - 4.27% | TESLA INC (TSLA) - 1.89% |
| #10 | LATTICE SEMICONDUCTOR CORP (LSCC) - 3.99% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | SITIME CORP ORDINARY SHARES (SITM) - 3.86% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | SYNOPSYS INC (SNPS) - 3.78% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | CADENCE DESIGN SYSTEMS INC (CDNS) - 3.57% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | SEMTECH CORP (SMTC) - 3.53% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | SILICON MOTION TECHNOLOGY CORP ADR (SIMO) - 3.37% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | CIRRUS LOGIC INC (CRUS) - 2.66% | INTEL CORP (INTC) - 0.90% |
| #17 | SILICON LABORATORIES INC (SLAB) - 1.65% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | AMBARELLA INC (AMBA) - 1.21% | VISA INC CLASS A (V) - 0.85% |
| #19 | SYNAPTICS INC (SYNA) - 1.13% | WALMART INC (WMT) - 0.81% |
| #20 | POWER INTEGRATIONS INC (POWI) - 1.10% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | ALLEGRO MICROSYSTEMS INC ORDINARY SHARES (ALGM) - 1.07% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | IMPINJ INC (PI) - 0.97% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | US DOLLAR (n/a) - 0.02% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | N/A | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | N/A | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 23 | 505 |
SMHX vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SMHX
+14.04%
SPY
+1.90%
3M
Winner
SMHX
+57.31%
SPY
+8.55%
6M
Winner
SMHX
+48.92%
SPY
+8.18%
1Y
Winner
SMHX
+109.92%
SPY
+25.79%
5Y(CAGR)
SMHX
N/A
SPY
+13.32%
10Y(CAGR)
SMHX
N/A
SPY
+15.19%
Max(CAGR)
Winner
SMHX
+63.92%
SPY
+8.47%
SMHX vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SMHX | SPY |
|---|---|---|
| 2026 | +52.35% | +8.26% |
| 2025 | +28.55% | +18.00% |
| 2024 | +17.76% | +25.59% |
| 2023 | N/A | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
SMHX vs SPY Drawdown Comparison
The maximum drawdown for SMHX was -38.53%, occurring on Apr 8, 2025. Recovery took 116 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SMHX drawdown is -12.26%. The current SPY drawdown is -2.90%.
| Rank | SMHX | SPY |
|---|---|---|
| #1 | -38.53% Jan 22, 2025 - Jul 10, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -17.06% Oct 29, 2025 - Apr 13, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -12.26% Jun 3, 2026 - Jun 5, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -12.25% Aug 30, 2024 - Sep 19, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -8.61% Nov 7, 2024 - Dec 4, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -7.31% Oct 8, 2025 - Oct 27, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -7.04% Oct 29, 2024 - Nov 6, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -6.96% Dec 16, 2024 - Jan 6, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.87% Apr 24, 2026 - May 5, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.22% Jan 6, 2025 - Jan 22, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.41% Aug 13, 2025 - Aug 28, 2025 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.25% May 14, 2026 - May 20, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.17% Sep 26, 2024 - Oct 8, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.91% Aug 28, 2025 - Sep 8, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.80% Jul 30, 2025 - Aug 8, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between SMHX and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (1999 - 2026)
SMHX vs SPY dividend yield comparison.
| Year | SMHX | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 0.02% | 1.07% |
| 2024 | 0.04% | 1.21% |
| 2023 | 0.00% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
Select Stocks to Compare
Popular: SMHX vs SPY
More Comparisons
Compare with similar stocks
Compare SMHX with:
Compare SPY with:
Popular suggestions:
SPY vs VOO
SPDR S&P 500 ETF Trust vs VANGUARD 500 INDEX FUND ETF SHARES
SPY vs BRK-B
SPDR S&P 500 ETF Trust vs Berkshire Hathaway Inc - Class B
SPY vs SCHD
SPDR S&P 500 ETF Trust vs SCHWAB U.S. DIVIDEND EQUITY ETF
SPY vs GLD
SPDR S&P 500 ETF Trust vs SPDR Gold Shares ETF
SPY vs SPYG
SPDR S&P 500 ETF Trust vs STATE STREET(R) SPDR(R) PORTFOLIO S&P 500(R) GROWTH ETF