| SMH | |
|---|---|
| Total return | +1839.3% |
| Annualised (CAGR) | +34.5% |
| Volatility (annualised) | +28.7% |
| Sharpe (rf = 0) | 1.20 |
| Deepest drawdown | -45.3% |
| Drawdown peak → trough | 2021-12-27 → 2022-10-14 |
Over the 10.0 years to 2026-09-21 the fund returned +1839.3% in total (+34.5% a year), with a deepest drawdown of -45.3% from 2021-12-27 to 2022-10-14. Its worst calendar year was 2022 (-33.5%), its best 2023 (+73.4%).
| Year | SMH |
|---|---|
| 2026 | +65.5% |
| 2025 | +49.2% |
| 2024 | +39.1% |
| 2023 | +73.4% |
| 2022 | -33.5% |
| 2021 | +42.1% |
| 2020 | +55.5% |
| 2019 | +64.4% |
| 2018 | -9.0% |
| 2017 | +38.4% |
| 2016 | +7.0% |
It does not say SMH is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -45.3% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.
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