TOK vs SMHX

Comparison between ISHARES MSCI KOKUSAI ETF (TOK, ETF) and VANECK FABLESS SEMICONDUCTOR ETF (SMHX, ETF).

TOK vs SMHX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TOK(ETF)	SMHX(ETF)
Net Assets	$250M	$249M
Expense Ratio	0.25%	0.35%
Max Drawdown	56.60%	38.53%
Sharpe Ratio	1.30	1.22
5Y Beta	0.84	2.05
P/E Ratio	26.05	69.80
Forward P/E	20.91	29.42
5Y Dividends CAGR	7.63%	N/A
5Y EPS CAGR	25.72%	46.11%
Debt to Equity	41.82%	23.00%
P/S Ratio	3.81	14.07
P/B Ratio	5.48	11.43

Net Assets

Winner

TOK

$250M

SMHX

$249M

Expense Ratio

Winner

TOK

0.25%

SMHX

0.35%

Max Drawdown

TOK

56.60%

Winner

SMHX

38.53%

Sharpe Ratio

Winner

TOK

1.30

SMHX

1.22

5Y Beta

Winner

TOK

0.84

SMHX

2.05

P/E Ratio

Winner

TOK

26.05

SMHX

69.80

Forward P/E

Winner

TOK

20.91

SMHX

29.42

5Y Dividends CAGR

TOK

7.63%

SMHX

N/A

5Y EPS CAGR

TOK

25.72%

Winner

SMHX

46.11%

Debt to Equity

TOK

41.82%

Winner

SMHX

23.00%

P/S Ratio

Winner

TOK

3.81

SMHX

14.07

P/B Ratio

Winner

TOK

5.48

SMHX

11.43

TOK vs SMHX - Holdings Comparison

TOK and SMHX have 10 common holdings. Overlap is 9.69%

TOK's top 25 holdings weight is 38.47%. SMHX's top 25 holdings weight is 100.01%.

Rank	TOK	SMHX
#1	NVIDIA CORP (NVDA) - 5.92%	NVIDIA CORP (NVDA) - 22.85%
#2	APPLE INC (AAPL) - 5.08%	BROADCOM INC (AVGO) - 15.93%
#3	MICROSOFT CORP (MSFT) - 3.98%	ADVANCED MICRO DEVICES INC (AMD) - 5.59%
#4	AMAZON.COM INC (AMZN) - 2.96%	MARVELL TECHNOLOGY INC (MRVL) - 4.46%
#5	ALPHABET INC CLASS A (GOOGL) - 2.29%	QUALCOMM INC (QCOM) - 4.40%
#6	BROADCOM INC (AVGO) - 2.14%	ASTERA LABS INC (ALAB) - 4.31%
#7	ALPHABET INC CLASS C (GOOG) - 1.81%	MONOLITHIC POWER SYSTEMS INC (MPWR) - 4.28%
#8	META PLATFORMS INC CLASS A (META) - 1.45%	SYNOPSYS INC (SNPS) - 4.15%
#9	MICRON TECHNOLOGY INC (MU) - 1.18%	ARM HOLDINGS PLC ADR (ARM) - 3.90%
#10	ELI LILLY AND CO (LLY) - 1.12%	CADENCE DESIGN SYSTEMS INC (CDNS) - 3.89%
#11	JPMORGAN CHASE & CO (JPM) - 1.12%	SITIME CORP ORDINARY SHARES (SITM) - 3.88%
#12	TESLA INC (TSLA) - 1.05%	LATTICE SEMICONDUCTOR CORP (LSCC) - 3.75%
#13	ADVANCED MICRO DEVICES INC (AMD) - 0.90%	SILICON MOTION TECHNOLOGY CORP ADR (SIMO) - 3.25%
#14	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.81%	SEMTECH CORP (SMTC) - 3.15%
#15	ASML HOLDING NV (n/a) - 0.80%	RAMBUS INC (RMBS) - 2.96%
#16	EXXONMOBIL HOLDINGS CORP (XOM) - 0.76%	SILICON LABORATORIES INC (SLAB) - 2.23%
#17	JOHNSON & JOHNSON (JNJ) - 0.72%	CIRRUS LOGIC INC (CRUS) - 1.95%
#18	VISA INC CLASS A (V) - 0.69%	IMPINJ INC (PI) - 1.13%
#19	WALMART INC (WMT) - 0.58%	AMBARELLA INC (AMBA) - 1.10%
#20	CISCO SYSTEMS INC (CSCO) - 0.56%	ALLEGRO MICROSYSTEMS INC ORDINARY SHARES (ALGM) - 1.06%
#21	MASTERCARD INC CLASS A (MA) - 0.53%	SYNAPTICS INC (SYNA) - 0.88%
#22	INTEL CORP (INTC) - 0.51%	POWER INTEGRATIONS INC (POWI) - 0.80%
#23	ABBVIE INC (ABBV) - 0.51%	US DOLLAR (n/a) - 0.11%
#24	BANK OF AMERICA CORP (BAC) - 0.50%	N/A
#25	APPLIED MATERIALS INC (AMAT) - 0.50%	N/A
Total Holdings	1059	23

TOK vs SMHX - Historical Returns

Returns include dividend reinvestment.

Period	TOK	SMHX
1 month	+3.65%	-3.57%
3 months	+3.52%	-10.81%
6 months	+10.17%	+34.83%
1 year	+20.06%	+53.14%
5 years(CAGR)	+11.63%	N/A
10 years(CAGR)	+13.35%	N/A
Max(CAGR)	+8.69%	+47.47%

Winner

TOK

+3.65%

SMHX

-3.57%

Winner

TOK

+3.52%

SMHX

-10.81%

TOK

+10.17%

Winner

SMHX

+34.83%

TOK

+20.06%

Winner

SMHX

+53.14%

5Y(CAGR)

TOK

+11.63%

SMHX

N/A

10Y(CAGR)

TOK

+13.35%

SMHX

N/A

Max(CAGR)

TOK

+8.69%

Winner

SMHX

+47.47%

TOK vs SMHX - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	TOK	SMHX
2026	+12.27%	+37.59%
2025	+21.16%	+28.55%
2024	+20.56%	+17.76%
2023	+24.92%	N/A
2022	-18.26%	N/A
2021	+24.38%	N/A
2020	+14.20%	N/A
2019	+28.56%	N/A
2018	-8.46%	N/A
2017	+20.31%	N/A
2016	+10.27%	N/A
2015	-1.40%	N/A
2014	+6.83%	N/A
2013	+25.47%	N/A
2012	+14.84%	N/A
2011	-3.82%	N/A
2010	+9.79%	N/A
2009	+31.99%	N/A
2008	-39.80%	N/A
2007	-1.23%	N/A

TOK vs SMHX Drawdown Comparison

The maximum drawdown for TOK was -56.18%, occurring on Mar 6, 2009. Recovery took 1287 trading sessions.

The maximum drawdown for SMHX was -38.53%, occurring on Apr 8, 2025. Recovery took 116 trading sessions.

The current TOK drawdown is -1.39%. The current SMHX drawdown is -20.76%.

Rank	TOK	SMHX
#1	-56.18% Dec 12, 2007 - Jan 24, 2013	-38.53% Jan 22, 2025 - Jul 10, 2025
#2	-34.82% Feb 12, 2020 - Aug 24, 2020	-24.93% Jun 3, 2026 - Jul 29, 2026
#3	-25.82% Jan 4, 2022 - Dec 13, 2023	-17.06% Oct 29, 2025 - Apr 13, 2026
#4	-18.41% Sep 20, 2018 - Apr 26, 2019	-12.25% Aug 30, 2024 - Sep 19, 2024
#5	-17.59% May 21, 2015 - Dec 7, 2016	-8.61% Nov 7, 2024 - Dec 4, 2024
#6	-16.23% Feb 18, 2025 - Jun 4, 2025	-7.31% Oct 8, 2025 - Oct 27, 2025
#7	-11.25% Jul 3, 2014 - Feb 24, 2015	-7.04% Oct 29, 2024 - Nov 6, 2024
#8	-9.43% Jan 26, 2018 - Sep 20, 2018	-6.96% Dec 16, 2024 - Jan 6, 2025
#9	-9.07% Feb 25, 2026 - Apr 15, 2026	-6.87% Apr 24, 2026 - May 5, 2026
#10	-8.77% Sep 2, 2020 - Nov 11, 2020	-6.22% Jan 6, 2025 - Jan 22, 2025
#11	-7.64% Jul 16, 2024 - Aug 23, 2024	-5.41% Aug 13, 2025 - Aug 28, 2025
#12	-7.10% May 21, 2013 - Jul 18, 2013	-5.25% May 14, 2026 - May 20, 2026
#13	-5.82% May 3, 2019 - Jun 20, 2019	-5.17% Sep 26, 2024 - Oct 8, 2024
#14	-5.50% Dec 31, 2013 - Feb 18, 2014	-4.91% Aug 28, 2025 - Sep 8, 2025
#15	-5.47% Jul 26, 2019 - Oct 21, 2019	-3.80% Jul 30, 2025 - Aug 8, 2025

Correlation

Correlation between TOK and SMHX is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2007 - 2026)

TOK vs SMHX dividend yield comparison.

Year	TOK	SMHX
2026	0.65%	0.00%
2025	1.37%	0.02%
2024	1.66%	0.04%
2023	1.95%	0.00%
2022	3.55%	0.00%
2021	1.66%	0.00%
2020	1.52%	0.00%
2019	2.12%	0.00%
2018	2.74%	0.00%
2017	2.60%	0.00%
2016	2.56%	0.00%
2015	3.02%	0.00%
2014	2.64%	0.00%
2013	2.38%	0.00%
2012	2.55%	0.00%
2011	2.53%	0.00%
2010	2.06%	0.00%
2009	2.47%	0.00%
2008	1.08%	0.00%
2007	0.07%	0.00%