AMZN.NEO vs. SMH

Last updated Jun 5, 2026

AMZN.NEO (Amazon.com CDR) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 3 years, AMZN.NEO returned 24.13%/yr vs 66.68%/yr for SMH. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

AMZN.NEO vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Amazon.com CDR (AMZN.NEO) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AMZN.NEO is traded in CAD, while SMH is traded in USD. To make them comparable, the SMH values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AMZN.NEO achieves a 8.88% return, which is significantly lower than SMH's 79.39% return.

AMZN.NEO

• 1D: 1.46%
• 1M: -7.24%
• YTD: 8.88%
• 6M: 9.49%
• 1Y: 19.48%
• 3Y*: 24.13%
• 5Y*: —
• 10Y*: —

SMH

• 1D: 0.00%
• 1M: 24.53%
• YTD: 79.39%
• 6M: 76.18%
• 1Y: 158.23%
• 3Y*: 66.68%
• 5Y*: 43.19%
• 10Y*: 38.83%

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

AMZN.NEO vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AMZN.NEO Amazon.com CDR	8.88%	2.80%	41.82%	78.72%	-50.79%	-8.37%
SMH VanEck Semiconductor ETF	76.65%	42.33%	51.05%	69.56%	-28.80%	23.35%

Correlation

The correlation between AMZN.NEO and SMH is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021	0.55

The correlation between AMZN.NEO and SMH shifts across timeframes, from 0.40 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AMZN.NEO vs. SMH — Risk / Return Rank

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

AMZN.NEO

AMZN.NEO Risk / Return Rank: 59
AMZN.NEO Sharpe Ratio Rank: 63
AMZN.NEO Sortino Ratio Rank: 57
AMZN.NEO Omega Ratio Rank: 56
AMZN.NEO Calmar Ratio Rank: 60
AMZN.NEO Martin Ratio Rank: 61

SMH

SMH Risk / Return Rank: 96
SMH Sharpe Ratio Rank: 97
SMH Sortino Ratio Rank: 95
SMH Omega Ratio Rank: 94
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 96

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.

AMZN.NEO vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amazon.com CDR (AMZN.NEO) 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.

	AMZN.NEO	SMH	Difference
Sharpe ratio: Return per unit of total volatility	0.65	5.25	-4.61
Sortino ratio: Return per unit of downside risk	1.12	5.31	-4.19
Omega ratio: Gain probability vs. loss probability	1.14	1.73	-0.60
Calmar ratio: Return relative to maximum drawdown	0.89	11.90	-11.01
Martin ratio: Return relative to average drawdown	2.09	43.03	-40.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMZN.NEO vs. SMH - Sharpe Ratio Comparison

The current AMZN.NEO Sharpe Ratio is 0.65, which is lower than the SMH Sharpe Ratio of 5.25. The chart below compares the historical Sharpe Ratios of AMZN.NEO 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.

Sharpe Ratios by Period

	AMZN.NEO	SMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	5.25	-4.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	1.15	-1.00

Drawdowns

AMZN.NEO vs. SMH - Drawdown Comparison

The maximum AMZN.NEO drawdown since its inception was -56.75%, which is greater than SMH's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for AMZN.NEO and SMH.

Drawdown Indicators

	AMZN.NEO	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-56.75%	-40.60%	-16.15%
Max Drawdown (1Y) Largest decline over 1 year	-22.10%	-13.38%	-8.72%
Max Drawdown (3Y) Largest decline over 3 years	-31.29%	-33.18%	+1.89%
Max Drawdown (5Y) Largest decline over 5 years	—	-40.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.60%	—
Current Drawdown Current decline from peak	-7.74%	0.00%	-7.74%
Average Drawdown Average peak-to-trough decline	-19.53%	-6.69%	-12.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.34%	3.69%	+5.65%

Volatility

AMZN.NEO vs. SMH - Volatility Comparison

The current volatility for Amazon.com CDR (AMZN.NEO) is 7.59%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.38%. This indicates that AMZN.NEO 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.

Volatility by Period

	AMZN.NEO	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.59%	11.38%	-3.79%
Volatility (6M) Calculated over the trailing 6-month period	20.95%	24.03%	-3.08%
Volatility (1Y) Calculated over the trailing 1-year period	30.16%	30.30%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.66%	33.44%	+2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.66%	31.06%	+4.60%

Dividends

AMZN.NEO vs. SMH - Dividend Comparison

AMZN.NEO has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.18%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMZN.NEO Amazon.com CDR	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	0.18%	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 AMZN.NEO and SMH in my portfolio?

AMZN.NEO and SMH have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.