SMH vs SOXX
Backtest SMH vs SOXXJul 13, 2001 – Nov 12, 2026, SOXX sets the start date
Growth of $10,000
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Key metrics · Jul 13, 2001 – Nov 12, 2026
| Return | SMH | SOXX |
|---|---|---|
| Final balance | $258,861 | $235,321 |
| Total return | +2,488.61% | +2,253.21% |
| CAGR | +13.70% | +13.28% |
| Calendar years | SMH | SOXX |
|---|---|---|
| Best year | +87.31% | +80.95% |
| Worst year | −47.07% | −51.71% |
| Positive years | 15 of 24 | 16 of 24 |
| Risk | SMH | SOXX |
|---|---|---|
| Max drawdown | −71.09% | −70.21% |
| Longest drawdown | 12.9 years | 12.5 years |
| Volatility (daily, annualized) | 32.88% | 33.83% |
| Risk-adjusted | SMH | SOXX |
|---|---|---|
| Sharpe ratio | 0.56 | 0.54 |
| Sortino ratio | 0.80 | 0.78 |
| Calmar ratio | 0.19 | 0.19 |
Trailing returns · Jul 13, 2001 – Nov 12, 2026
| Period | SMH | SOXX | SMH − SOXX |
|---|---|---|---|
| YTD | +39.32% | +54.67% | −15.35% |
| 1Y | +41.56% | +55.66% | −14.10% |
| 3Y | +47.87% | +42.07% | +5.80% |
| 5Y | +27.99% | +22.57% | +5.42% |
| 10Y | +32.01% | +29.75% | +2.25% |
| 15Y | +27.20% | +25.70% | +1.50% |
| 20Y | +19.49% | +18.17% | +1.31% |
Rolling returns · Jul 13, 2001 – Nov 12, 2026
| Period | SMH median | SOXX median | More often ahead |
|---|---|---|---|
| 1Y | +18.15% | +17.86% | SMH 55% |
| 3Y | +18.67% | +17.38% | SMH 51% |
| 5Y | +18.50% | +18.78% | SOXX 61% |
| 10Y | +18.16% | +18.67% | SOXX 64% |
Worst drawdowns · SMH · Jul 13, 2001 – Nov 12, 2026
| Decline | Peak | Bottom | Recovered | Length |
|---|---|---|---|---|
| −71.1% | Aug 2001 | Nov 2008 | Jun 2014 | 12.9 years |
| −45.3% | Dec 2021 | Oct 2022 | Jul 2023 | 1.5 years |
| −35.7% | Jul 2024 | Apr 2025 | Jul 2025 | 1 year |
| −33.6% | Feb 2020 | Mar 2020 | Jun 2020 | 4 months |
| −33.1% | Jun 2026 | Nov 2026 | Not yet | 5 months so far |
| Decline | Peak | Bottom | Recovered | Length |
|---|---|---|---|---|
| −70.2% | Aug 2001 | Nov 2008 | Jan 2014 | 12.5 years |
| −45.8% | Dec 2021 | Oct 2022 | Dec 2023 | 2 years |
| −41.4% | Jul 2024 | Apr 2025 | Sep 2025 | 1.2 years |
| −39.5% | Jun 2026 | Nov 2026 | Not yet | 5 months so far |
| −34.3% | Feb 2020 | Mar 2020 | Jun 2020 | 4 months |
Annual returns
| Year | SMH | SOXX | SMH − SOXX |
|---|---|---|---|
| 2017 | +38.48% | +39.79% | −1.31% |
| 2018 | −9.05% | −6.49% | −2.56% |
| 2019 | +64.45% | +62.42% | +2.03% |
| 2020 | +55.53% | +52.72% | +2.82% |
| 2021 | +42.13% | +44.09% | −1.96% |
| 2022 | −33.53% | −35.09% | +1.55% |
| 2023 | +73.38% | +67.12% | +6.26% |
| 2024 | +39.10% | +12.92% | +26.18% |
| 2025 | +49.17% | +40.74% | +8.44% |
| 2026to Nov 12 | +39.32% | +54.67% | −15.35% |
Holdings overlap
As of Jun 30, 2026
23 holdings in common, of 25 in SMH and 30 in SOXX
| Largest in common | SMH | SOXX | Overlap |
|---|---|---|---|
| NVDANVIDIA Corporation | 17.55% | 6.81% | 6.81% |
| AMATApplied Materials, Inc. | 5.74% | 5.77% | 5.74% |
| MUMicron Technology, Inc. | 5.67% | 8.54% | 5.67% |
| AMDAdvanced Micro Devices, Inc. | 5.63% | 8.09% | 5.63% |
| KLACKLA Corporation | 5.57% | 5.64% | 5.57% |
| AVGOBroadcom Inc. | 5.28% | 6.08% | 5.28% |
| INTCIntel Corporation | 5.15% | 6.33% | 5.15% |
| LRCXLam Research Corporation | 5.31% | 4.89% | 4.89% |
| MRVLMarvell Technology, Inc. | 4.66% | 5.22% | 4.66% |
| TSMTaiwan Semiconductor Manufacturing Company Limited | 9.29% | 4.26% | 4.26% |
About SMH vs SOXX
Both hold chip companies listed in the US, foreign ones like TSMC and ASML included, on different indexes. SMH tracks 25 of the largest and lets its biggest holdings take a larger share. SOXX tracks 30 and caps its largest holdings lower, spreading its money more evenly.
SMH returned 13.7% a year from Jul 2001 to Nov 2026, against 13.3% for SOXX. Both fell furthest in 2001–2008, SMH by 71.1% and SOXX by 70.2%. SMH beat SOXX in 14 of 24 full years, but SOXX was ahead in 64% of rolling 10-year periods.
Uses daily closing prices with dividends reinvested. Fund fees are included, but not taxes or trading costs. The comparison starts on Jul 13, 2001, when SOXX's prices begin.