저자: 미상 · 외국인
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SMH와 SOXX(SOX) 반도체 ETF를 수익률, 구성종목, 배당, 보수, 위험지표, DCA 시뮬레이션 측면에서 비교. SMH는 누적·연평균 수익률이 높고 엔비디아 집중도가 높음(약 21%). SOXX는 분산도가 높고 배당수익률이 더 높음. 위험조정수익률(샤프)은 SMH가 우위. 두 ETF의 상관관계가 높아 함께 보유해도 분산 효과는 제한적이라고 언급. 최종 선택은 투자 성향에 따른다는 결론이며 교육 목적 및 투자 권유 아님을 명시.
다듬은 글
Hello and welcome to the stock channel. America is so easy today, I have a fellow member who is a member of... We'd like to compare these two funds. We'll delve into the story of these fraternal twins. In the chip industry, let's look at ETFs like SMH and SOX. Have you ever wondered why these two ETFs, which invest in the same conductor stocks, have different results?
The concept of reciprocity differs, and today we will unravel the mystery. Let's do this together so we can understand and be able to do it. To make your decision easier, let's get to know SMH and SOX. First, let's understand... Let me briefly introduce them: SMH and SOX are ETFs, or Exchange Traded Dead Funds, which are funds traded on the stock exchange like any other.
It's one of those stocks, and both of them are passive ETFs that I'll be investing in. The benchmark index has not undergone any portfolio adjustments. Often, this is similar to funds that use fund managers. Let's choose the stocks ourselves and look at some basic information. SMH, or Van Semiconductor ETF, was founded in 2011 with the goal of tracking the MVIS US Lited Semiconductor 25 Index.
SOX, or ISare Semiconductor ETF, has a different history. PHLX has been around longer because it was founded in 2001 and tracks the PHLX Semiconductor Sector Index. Both are in the same category, being stocks in the semiconductor sector. This is a North American technology group, let's take a look. Let's talk about return on investment, or performance.
Return on investment is the heart of investing. Right? Let's take a look at the short to medium term. From the beginning of the year until now, ITD SMH has achieved 25.66%, while SOX has achieved 19.04%. Over the past year, SMH still outperforms with a return of 30.96% compared to SOX's 17.12%. Looking at the longer term (5 years), SMH still leads with an average annual return of 30.55%, while SOX is at 24.47%.
Over the 10-year average, SMH continues to outperform at 29.76% compared to SOX's 26.14%. However, considering the total return over 10 years, SMH's total return is significantly higher at 1,254.22%, while SOX's is at 920.28%. SOX, however, has a longer historical track record. Looking at the total return over the past 20 years, SOX has delivered a total return of 1,454.14%, a remarkable 14%.
Data for SMH is not yet available. This section shows the securities held. The difference in returns is partly due to the underlying principles. These are the assets held. SMH has a highly concentrated investment in NVIDIA ( NVDA) stock, accounting for a high proportion of 21.44%, followed by TSMC and Broadcom.
SOX, on the other hand, has better diversification, with the top three being Broadcom, AMD, and Nvidia, but none of the top three stocks clearly hold more than 10% of its holdings. This is a key point. Because SMH focuses heavily on Nvidia, if Nvidia performs exceptionally well, SMH's growth will be even stronger.
However, if Nvidia faces problems, SMH may be more negatively impacted in terms of dividends. The result for investors who prefer cash flow from... Let's look at the dividends. SOXX offers a higher 12-month historical dividend yield of 0.65%, compared to SMH's 0.35%. In terms of dividend growth, SOX clearly performs better at 12.95% compared to SMH's 2.74%.
Therefore, if you are a dividend-focused investor, SOXX is a suitable choice. More than that, it's the expenses or expatriate fees of the fund, the costs that must be paid. Every year is another important factor because the more... Less is better in the long run. SMH has an expense ratio of 0.35% (35%), while SOX is at 0.34% (34%), which is similar to SMH.
Therefore, overall, SMH appears to manage risk better. Risk, or the Risk Matrix, measures risk performance. Returns on investment always come with risk. Let's see who manages risk better. Sharp's Return on Investment (RIN) is a measure of comparative return. With higher risk being better, as demonstrated by SMH's return of 0.83 compared to SOX's 0.46, SMH is able to generate returns.
It's better when considering the acceptable risk level. Max Down, or the maximum loss, is... It has happened in the past; SOXX once plummeted to -70.21%, while SMH was at -65.72%. The 72% drop suggests that SMH has experienced a smaller maximum loss in the past. Slightly, and the overall volatility of both is quite similar.
So, overall, SMH seems to manage risk better. Assuming a simulated DCA investment of 1,000 baht per month, the result would be… Let's see what the long-term results would be if we invested using the DCA (Dollar Cost Averaging) method, or investing 1,000 baht per month. Let's assume... It means that the average historical return has remained low.
In the future, which may not actually be the case. This table will help you visualize compounding. That's a great example. With a 10-year investment of 120,000 baht, SMH's value will grow to almost 500,000 baht, while SOX will remain at just over 400,000 baht. Looking at 20 years, with a total investment of 240,000 baht, SMH's value will reach 7 million baht, while SOX will be at 4.77 million baht.
And at 30 years, with a total investment of 360,000 baht, SMH's value will skyrocket to almost 96 million baht, while SOX will be at 48 million baht. This is a simulation. Simply put, the actual results will depend on... Considering future prices and factors, we will see... That compounding over the long term creates a difference.
The differences are enormous. Which one should you choose? D, SMHVS, SOX. Investment options have arrived. The most important question is, which one should we choose? Which one is better? Let me summarize it for your consideration: Choose SMH if you are a growth investor. The portfolio is primarily for the long term and accepts certainty.
There's a risk of concentration in Nvidia stock, and it does n't focus as much on dividends. Choose SOX if you want diversification. Better risk in the conductor group. And looking for higher dividends as well. Emphasis is placed on the fund's long history. Yes, additional factors you should be aware of regarding the risks.
And don't forget these precautions before making any investment decisions. Consider these factors as well. Both funds are in the highly volatile icon industry. SMH has a high risk of concentration in Nvidia. The two funds are highly correlated, therefore holding both... Pairs in a portfolio may not help diversify risk.
As it should be, the most important thing is the return on investment. The past cannot guarantee future returns. Yes, that's possible, and the proportion of shares in the fund may vary. Subject to change at any time based on index adjustments. In short, the final decision rests with you. In short, SMH stands out in terms of returns.
And while past risk performance has been good, This comes with a concentration in a single stock. Relatively high, while SOX is more dispersed. And more attractive dividends, but with better returns. Even when combined with past results, it still lags behind SMS in the end. The decision of which to invest in depends on...
With investment goals and capabilities... Everyone accepts the risks involved; please do your research. Please gather more information and consider it carefully before making a decision. Every investment decision I make, I hope that... This information will be useful and help... This information makes your decision easier.
This video was created for educational purposes only. This is not investment advice. Viewers should research the matter further. Please check for more information before making a decision, if you have any questions. I apologize for any errors and thank you. It's so easy to follow the US stock channel, please click [like/click].
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