AMTM vs. SMH
AMTM (Amentum Holdings Inc) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past year, AMTM returned -12.55% vs 103.79% for SMH. At a 0.28 correlation, their price movements are largely independent.
Performance
AMTM vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, AMTM achieves a -28.41% return, which is significantly lower than SMH's 64.04% return.
AMTM
- 1D
- 1.32%
- 1M
- -7.40%
- 6M
- -40.00%
- YTD
- -28.41%
- 1Y
- -12.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- -1.59%
- 1M
- -8.70%
- 6M
- 52.12%
- YTD
- 64.04%
- 1Y
- 103.79%
- 3Y*
- 56.28%
- 5Y*
- 37.60%
- 10Y*
- 36.05%
AMTM vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMTM Amentum Holdings Inc | -28.41% | 37.90% | -34.28% |
SMH VanEck Semiconductor ETF | 64.04% | 49.17% | 1.80% |
Correlation
The correlation between AMTM and SMH is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024 | 0.28 |
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Return for Risk
AMTM vs. SMH — Risk / Return Rank
AMTM
SMH
AMTM vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amentum Holdings Inc (AMTM) 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.
| AMTM | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.12 | ||
| Sortino ratioReturn per unit of downside risk | -3.26 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.43 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 6.99 | -7.26 |
| Martin ratioReturn relative to average drawdown | -0.55 | 22.21 | -22.76 |
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Drawdowns
AMTM vs. SMH - Drawdown Comparison
The maximum AMTM drawdown since its inception was -50.81%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for AMTM and SMH.
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Drawdown Indicators
| AMTM | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -84.96% | +34.15% |
Max Drawdown (1Y)Largest decline over 1 year | -46.47% | -14.93% | -31.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -44.68% | -11.68% | -33.00% |
Average DrawdownAverage peak-to-trough decline | -28.35% | -40.93% | +12.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.77% | 4.69% | +18.08% |
Volatility
AMTM vs. SMH - Volatility Comparison
The current volatility for Amentum Holdings Inc (AMTM) is 11.58%, while VanEck Semiconductor ETF (SMH) has a volatility of 17.35%. This indicates that AMTM experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMTM | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.58% | 17.35% | -5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 28.53% | 31.34% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.79% | 36.79% | +8.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.77% | 36.19% | +21.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.77% | 33.14% | +24.63% |
Dividends
AMTM vs. SMH - Dividend Comparison
AMTM has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMTM Amentum Holdings Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.19% | 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
AMTM and SMH have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (17.35%) compared to AMTM (11.58%). In terms of maximum drawdown, AMTM dropped -50.81% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.84 vs -0.28), 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.
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