{"schemaVersion":1,"ticker":"SMH","asOf":"2026-10-26","desk":"themes","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/smh/","methodology":"https://etfiq.com/methodology/","as_of":"2026-10-26","credit":"Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent","class":"mixed","license":"https://etfiq.com/license/","license_text":"Only the numbers in etfiq_fields are ETFIQ's, free to use with attribution: ETFIQ (etfiq.com). Every other number stays under its owner's terms: issuer_fields as the issuer published them, vendor_fields from an end-of-day data vendor.","fields_note":"Not yet classed field by field: only data ETFIQ computes is covered by its licence.","cite_as":"ETFIQ, Risk and return scorecard, SMH against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/smh/"},"benchmark":{"ticker":"ACWI","name":"MSCI ACWI Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"SMH","b":"ACWI","window":{"from":"2011-12-30","to":"2026-10-23","firstReturn":"2012-01-06","weeklyReturns":773,"years":14.81,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.01727395,"perWeek":0.0003321914,"days":3705,"series":"13-week Treasury bill, coupon equivalent, average of daily yields","source":"U.S. Department of the Treasury, Daily Treasury Bill Rates","url":"https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates"},"measures":{"total":{"a":39.77003629,"b":3.96656215,"edge":"SMH","lead":"SMH"},"annualised":{"a":0.28330016,"b":0.1138429,"edge":"SMH","lead":"SMH"},"price":{"a":33.65001643,"b":2.71828314,"edge":"SMH","lead":"SMH"},"volatility":{"a":0.2687829,"b":0.15278529,"edge":"ACWI","lead":"ACWI"},"downsideDeviation":{"a":0.17531899,"b":0.10662919,"edge":"ACWI","lead":"ACWI"},"maxDrawdown":{"a":-0.44239429,"b":-0.32084971,"edge":"ACWI","lead":"ACWI","aPeak":"2021-11-19","aTrough":"2022-10-14","bPeak":"2020-02-14","bTrough":"2020-03-20"},"excess":{"a":0.2688665,"b":0.10239769,"edge":"SMH","lead":"SMH"},"sharpe":{"a":1.00031105,"b":0.67020646,"edge":"SMH","lead":"SMH"},"sortino":{"a":1.53358455,"b":0.96031576,"edge":"SMH","lead":"SMH"},"calmar":{"a":0.64037934,"b":0.3548169,"edge":"SMH","lead":"SMH"}},"relative":{"SMH":{"on":"ACWI","beta":1.39708676,"r2":0.6306764,"alpha":0.12580805,"alphaT":2.95487966,"alphaLow":0.04222869,"alphaHigh":0.2093874,"upsideCapture":1.97252399,"downsideCapture":1.17141097,"treynor":0.19244796,"trackingError":0.17424762,"informationRatio":0.95535772,"upWeeks":451,"downWeeks":320,"treynorReference":0.10239769,"edges":{"beta":{"edge":"Higher beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"SMH","lead":"SMH"},"alphaRange":{"edge":null},"upsideCapture":{"edge":"SMH","lead":"SMH"},"downsideCapture":{"edge":"ACWI","lead":"ACWI"},"treynor":{"edge":"SMH","lead":"SMH"},"informationRatio":{"edge":null,"lead":"SMH","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"SMH":{"kept":"2026-10-26","distributions":14,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":773,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":39.77003629}},"ACWI":{"kept":"2026-10-26","distributions":31,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":773,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":3.96656215}}}}