PFXF vs. SMH - ETF Comparison
PFXF - VanEck Preferred Securities ex Financials ETF
The VanEck Preferred Securities ex Financials ETF is an exchange-traded fund that tracks the ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index, providing investors with broad exposure to the US corporate preferred securities market, excluding financials.
SMH - VanEck Semiconductor ETF
The VanEck Semiconductor ETF (SMH) tracks the performance of the 25 largest US-listed semiconductor companies, providing investors with concentrated exposure to the American semiconductor industry. The fund offers a well-balanced risk/return profile, with a mix of giant, large, and mid-cap companies, and may appeal as a long-term, core holding for buy-and-hold investors seeking to tilt their exposure towards the technology sector.
| PFXF | SMH | |
|---|---|---|
| Fund Name | VanEck Preferred Securities ex Financials ETF | VanEck Semiconductor ETF |
| Fund Provider | VanEck | VanEck |
| Index | ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index | MVIS US Listed Semiconductor 25 |
| Asset Class | Equity | Equity |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.41% | 0.35% |
| Inception Date | 2012-07-16 | 2000-05-05 |
| Number Of Holdings | 99 | 26 |
| Currency | USD | USD |
| Region | United States | Developed Markets |
| Investment Style | Blend | Growth |
| Market Cap | Blend | Large-Cap |
| Sector | Financials | Technology |
| Sector Detail | Preferred Stock | Semiconductors |
| Leveraged | Non-leveraged | Non-leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.