AMT vs. SMHX
AMT (American Tower Corporation) is a stock, while SMHX (VanEck Fabless Semiconductor ETF) is Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. Over the past year, AMT returned -15.28% vs 65.92% for SMHX. Their -0.21 correlation means they have often moved in opposite directions in the past.
Performance
AMT vs. SMHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AMT achieves a 0.47% return, which is significantly lower than SMHX's 45.86% return.
AMT
- 1D
- -0.21%
- 1M
- 4.20%
- 6M
- 1.55%
- YTD
- 0.47%
- 1Y
- -15.28%
- 3Y*
- 1.32%
- 5Y*
- -6.62%
- 10Y*
- 6.71%
- ALL TIME*
- 9.06%
SMHX
- 1D
- 1.15%
- 1M
- -5.42%
- 6M
- 41.22%
- YTD
- 45.86%
- 1Y
- 65.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 50.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $618.04M | $533.69M | $586.89M | |
| $4.62M | $5.78M | $8.43M |
AMT vs. SMHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMT American Tower Corporation | 0.47% | -0.92% | -17.59% |
SMHX VanEck Fabless Semiconductor ETF | 45.86% | 30.00% | 15.56% |
Correlation
The correlation between AMT and SMHX is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.26 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024 | -0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AMT vs. SMHX — Risk / Return Rank
AMT
SMHX
AMT vs. SMHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Tower Corporation (AMT) and VanEck Fabless Semiconductor ETF (SMHX). 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.
| AMT | SMHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.28 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 2.66 | -3.39 |
| Martin ratioReturn relative to average drawdown | -1.14 | 8.20 | -9.34 |
Loading charts...
Drawdowns
AMT vs. SMHX - Drawdown Comparison
The maximum AMT drawdown since its inception was -98.70%, which is greater than SMHX's maximum drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for AMT and SMHX.
Loading charts...
Drawdown Indicators
| AMT | SMHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.70% | -38.53% | -60.17% |
Max Drawdown (1Y)Largest decline over 1 year | -20.94% | -24.93% | +3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -28.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.34% | — | — |
Current DrawdownCurrent decline from peak | -33.38% | -18.26% | -15.12% |
Average DrawdownAverage peak-to-trough decline | -27.05% | -7.75% | -19.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.42% | 8.07% | +5.35% |
Volatility
AMT vs. SMHX - Volatility Comparison
The current volatility for American Tower Corporation (AMT) is 8.10%, while VanEck Fabless Semiconductor ETF (SMHX) has a volatility of 14.16%. This indicates that AMT experiences smaller price fluctuations and is considered to be less risky than SMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AMT | SMHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.10% | 14.16% | -6.06% |
Volatility (6M)Calculated over the trailing 6-month period | 21.33% | 33.27% | -11.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.67% | 39.62% | -13.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.85% | 41.96% | -15.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.42% | 41.96% | -15.54% |
Dividends
AMT vs. SMHX - Dividend Comparison
AMT's dividend yield for the trailing twelve months is around 4.03%, more than SMHX's 0.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMT American Tower Corporation | 4.03% | 3.87% | 3.53% | 2.99% | 2.77% | 1.78% | 2.02% | 1.64% | 1.99% | 1.84% | 2.05% | 1.87% |
SMHX VanEck Fabless Semiconductor ETF | 0.02% | 0.02% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AMT and SMHX have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMHX has higher volatility (14.16%) compared to AMT (8.10%). In terms of maximum drawdown, AMT dropped -98.70% vs SMHX's -38.53%.
SMHX currently has the higher Sharpe Ratio (1.68 vs -0.60), 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.
Find the right allocation for AMT and SMHX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer