Summary
SMH
Prices · period metrics · 12M
NAV as of 20/07/2026
02/04/2025 → 02/04/2026
Return 92.96% Volatility 36.55% Sharpe 2.21
Official loaded data — not a live quote.

VANECK SEMICONDUCTOR ETF

Symbol: SMH

Exchange: NASDAQ

Sector: Technology

Category: Technology

Inception date: 20/12/2011

Latest date: 20/07/2026

Current price: $558.83

Expense ratio: 0.35%

Assets under management
$77.2B
-1.75% daily change

Period performance

Adjusted cumulative ETF performance, normalized to the first available adjusted price in the selected period.

Adjusted return
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Performance metrics

Period total return

-16.46%

Ann. -32.03% (Sharpe / Sortino numerator)

Volatility

40.84%

Sharpe ratio

-0.873

VaR 95%

-3.84%

CVaR 95%: -4.25%
Max drawdown: -9.60%
Sortino ratio: -1.493
Calmar ratio: -3.34

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

20.45%

Ann. 22.38% (Sharpe / Sortino numerator)

Volatility

34.77%

Sharpe ratio

0.539

VaR 95%

-3.79%

CVaR 95%: -4.08%
Max drawdown: -14.93%
Sortino ratio: 0.829
Calmar ratio: 1.50

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

43.15%

Ann. 35.70% (Sharpe / Sortino numerator)

Volatility

33.93%

Sharpe ratio

0.945

VaR 95%

-3.79%

CVaR 95%: -4.46%
Max drawdown: -14.93%
Sortino ratio: 1.357
Calmar ratio: 2.39

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

92.96%

Ann. 84.27% (Sharpe / Sortino numerator)

Volatility

36.55%

Sharpe ratio

2.206

VaR 95%

-3.55%

CVaR 95%: -5.15%
Max drawdown: -14.93%
Sortino ratio: 2.952
Calmar ratio: 5.64

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

118.47%

Ann. 32.69% (Sharpe / Sortino numerator)

Volatility

36.87%

Sharpe ratio

0.788

VaR 95%

-3.71%

CVaR 95%: -5.57%
Max drawdown: -35.74%
Sortino ratio: 1.024
Calmar ratio: 0.91

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

270.30%

Ann. 44.79% (Sharpe / Sortino numerator)

Volatility

33.92%

Sharpe ratio

1.213

VaR 95%

-3.37%

CVaR 95%: -4.95%
Max drawdown: -35.74%
Sortino ratio: 1.647
Calmar ratio: 1.25

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Daily returns for period 12M

Daily simple returns from the same adjusted closes used by the performance chart: 21/07/2025 - 20/07/2026.

Methodology: adjusted prices + daily simple return
Average daily return

0.291%

Best day

6.751%

11/06/2026
Worst day

-9.217%

05/06/2026
Days with data

250

Recent price history (last 90 days)

Date Open High Low Close Volume
20/07/2026 $568.78 $572.77 $557.24 $558.83 6,955,100
17/07/2026 $547.94 $567.41 $536.81 $556.53 22,083,900
16/07/2026 $575.75 $581.84 $564.45 $568.92 12,353,300
15/07/2026 $606.88 $606.88 $573.72 $590.77 11,020,800
14/07/2026 $608.90 $608.90 $590.38 $600.31 7,581,100
13/07/2026 $598.01 $599.36 $583.09 $585.62 8,736,500
10/07/2026 $600.87 $615.05 $595.84 $611.03 6,608,400
09/07/2026 $615.48 $618.17 $604.70 $607.73 9,045,100
08/07/2026 $575.33 $595.00 $575.04 $593.00 9,521,300
07/07/2026 $580.02 $585.97 $566.83 $581.45 14,619,200