AMKR vs. SMH

Last updated Jun 16, 2026

AMKR (Amkor Technology, Inc.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, AMKR returned 31.56%/yr vs 38.18%/yr for SMH. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

AMKR vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amkor Technology, Inc. (AMKR) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMKR achieves a 117.07% return, which is significantly higher than SMH's 79.69% return. Over the past 10 years, AMKR has underperformed SMH with an annualized return of 31.56%, while SMH has yielded a comparatively higher 38.18% annualized return.

AMKR

• 1D: 3.21%
• 1M: 21.59%
• YTD: 117.07%
• 6M: 95.17%
• 1Y: 333.25%
• 3Y*: 50.32%
• 5Y*: 31.39%
• 10Y*: 31.56%

SMH

• 1D: 4.38%
• 1M: 16.31%
• YTD: 79.69%
• 6M: 83.94%
• 1Y: 152.58%
• 3Y*: 62.32%
• 5Y*: 39.72%
• 10Y*: 38.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMKR vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMKR Amkor Technology, Inc.	117.07%	55.87%	-20.80%	40.32%	-2.31%	65.57%	16.30%	98.17%	-34.73%	-4.74%
SMH VanEck Semiconductor ETF	79.69%	49.17%	39.10%	73.38%	-33.53%	42.13%	55.53%	64.45%	-9.05%	38.48%

Correlation

The correlation between AMKR and SMH is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jun 5, 2000	0.69

The correlation between AMKR and SMH has been stable across timeframes, ranging from 0.69 to 0.79 - a consistent structural relationship.

Return for Risk

AMKR vs. SMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMKR

AMKR Risk / Return Rank: 98
AMKR Sharpe Ratio Rank: 99
AMKR Sortino Ratio Rank: 97
AMKR Omega Ratio Rank: 96
AMKR Calmar Ratio Rank: 98
AMKR Martin Ratio Rank: 98

SMH

SMH Risk / Return Rank: 96
SMH Sharpe Ratio Rank: 98
SMH Sortino Ratio Rank: 95
SMH Omega Ratio Rank: 95
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMKR vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amkor Technology, Inc. (AMKR) and VanEck Semiconductor ETF (SMH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMKR	SMH	Difference
Sharpe ratio: Return per unit of total volatility	5.04	4.61	+0.43
Sortino ratio: Return per unit of downside risk	4.41	4.60	-0.19
Omega ratio: Gain probability vs. loss probability	1.56	1.65	-0.09
Calmar ratio: Return relative to maximum drawdown	12.71	10.28	+2.43
Martin ratio: Return relative to average drawdown	34.72	37.77	-3.05

AMKR vs. SMH - Sharpe Ratio Comparison

The current AMKR Sharpe Ratio is 5.04, which is comparable to the SMH Sharpe Ratio of 4.61. The chart below compares the historical Sharpe Ratios of AMKR and SMH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMKR vs. SMH - Drawdown Comparison

The maximum AMKR drawdown since its inception was -98.14%, which is greater than SMH's maximum drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for AMKR and SMH.

Drawdown Indicators

	AMKR	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-98.14%	-84.96%	-13.18%
Max Drawdown (1Y) Largest decline over 1 year	-26.42%	-14.93%	-11.49%
Max Drawdown (3Y) Largest decline over 3 years	-65.86%	-35.74%	-30.12%
Max Drawdown (5Y) Largest decline over 5 years	-65.86%	-45.30%	-20.56%
Max Drawdown (10Y) Largest decline over 10 years	-65.86%	-45.30%	-20.56%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-75.77%	-41.04%	-34.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.65%	4.06%	+5.59%

Volatility

AMKR vs. SMH - Volatility Comparison

Amkor Technology, Inc. (AMKR) has a higher volatility of 25.07% compared to VanEck Semiconductor ETF (SMH) at 16.71%. This indicates that AMKR's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMKR	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.07%	16.71%	+8.36%
Volatility (6M) Calculated over the trailing 6-month period	52.33%	27.97%	+24.36%
Volatility (1Y) Calculated over the trailing 1-year period	66.78%	33.39%	+33.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.48%	35.53%	+16.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.07%	32.86%	+20.21%

Dividends

AMKR vs. SMH - Dividend Comparison

AMKR's dividend yield for the trailing twelve months is around 0.39%, more than SMH's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMKR Amkor Technology, Inc.	0.39%	0.84%	2.82%	0.91%	0.94%	0.69%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%
SMH VanEck Semiconductor ETF	0.17%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%

Frequently Asked Questions

Can I hold both AMKR and SMH in my portfolio?

AMKR and SMH have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMKR or SMH?

AMKR has higher volatility (25.07%) compared to SMH (16.71%). In terms of maximum drawdown, AMKR dropped -98.14% vs SMH's -84.96%.

Which has better risk-adjusted returns?

AMKR currently has the higher Sharpe Ratio (5.04 vs 4.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.