VVSM: VanEck Semiconductor UCITS ETF returns, drawdowns and risk
Funds on technology, software, internet and semiconductor companies.
Data updated October 2026
VVSM · Xetra · EURCategory: Technology and semiconductor ETFsData from December 2020
From December 2020 to October 2026 VVSM returned 33.7% a year on average with dividends reinvested, in euros: €10,000 invested at the start grew to €54,729.
Its deepest fall was 37.6%, from January 2022 to October 2022, and it took about 17 months to get back to the previous high. Annual volatility was 34.8%; at the last close it was 17.6% below its high.
Against VWCE (Vanguard FTSE All-World UCITS ETF (Acc)), over the 69 months both have data, the correlation of monthly returns was 0.71: they usually moved together. Beta was 2.01. In months when VWCE rose, VVSM moved 248% as much on average; in months when VWCE fell, 231% as much.
Key figures
- Annual return (CAGR)
- +33.7%
- 1-year return
- +75.1%
- 5 years, a year
- +32.5%
- 10 years, a year
- —
- Annual volatility
- 34.8%
- Maximum drawdown
- −37.6%
- Sharpe ratio
- 0.99
- Worst year
- 2022: −32.8%
Trailing returns
| Period | VVSM | VWCE |
|---|---|---|
| 1 year | +75.1% | +22.0% |
| 3 years, a year | +52.9% | +19.5% |
| 5 years, a year | +32.5% | +11.5% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of €10,000: VVSM vs VWCE
Month-end values from January 2021, the first month both funds have data.
VVSM drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | VVSM | VWCE |
|---|---|---|
| 2026(partial) | +69.0% | +17.5% |
| 2025 | +33.2% | +9.2% |
| 2024 | +31.5% | +24.4% |
| 2023 | +70.2% | +18.2% |
| 2022 | −32.8% | −13.5% |
| 2021 | +58.4% | +28.6% |
| 2020(partial) | +2.1% | — |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of VVSM?
From December 2020 to October 2026 VVSM returned 33.7% a year on average (CAGR) with dividends reinvested, in EUR. Over the last 5 years: +32.5% a year. Over the last 12 months: +75.1%.
What was the worst drawdown of VVSM?
37.6%, from January 2022 to October 2022; it took about 17 months from the previous high to get back to it.
How volatile is VVSM?
Annual volatility was 34.8% over the period. Its worst month was −18.7% and 62% of months were positive. Worst calendar year: 2022 (−32.8%).
How closely does VVSM follow VWCE?
Over 69 months the correlation of monthly returns was 0.71, so they usually moved together, with a beta of 2.01.
Use VVSM in a free tool
Other Technology and semiconductor ETFs
- All Technology and semiconductor ETFsReturns and risk side by side
- SMH — VanEck Semiconductor ETFCAGR +21.4%
- SOXX — iShares Semiconductor ETFCAGR +17.9%
- IGV — iShares Expanded Tech-Software Sector ETFCAGR +13.2%
- FDN — First Trust Dow Jones Internet Index FundCAGR +13.8%
- QDVE — iShares S&P 500 Information Technology Sector UCITS ETFCAGR +23.5%
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.