AOSL vs. SMH
Compare and contrast key facts about Alpha and Omega Semiconductor Limited (AOSL) and VanEck Semiconductor ETF (SMH).
SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Performance
AOSL vs. SMH - Performance Comparison
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AOSL vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOSL Alpha and Omega Semiconductor Limited | 11.86% | -46.50% | 42.10% | -8.79% | -52.82% | 156.18% | 73.57% | 33.66% | -37.71% | -23.08% |
SMH VanEck Semiconductor ETF | 6.46% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
In the year-to-date period, AOSL achieves a 11.86% return, which is significantly higher than SMH's 6.46% return. Over the past 10 years, AOSL has underperformed SMH with an annualized return of 6.42%, while SMH has yielded a comparatively higher 31.28% annualized return.
AOSL
- 1D
- 6.39%
- 1M
- 5.47%
- YTD
- 11.86%
- 6M
- -20.74%
- 1Y
- -10.86%
- 3Y*
- -6.31%
- 5Y*
- -8.47%
- 10Y*
- 6.42%
SMH
- 1D
- 5.76%
- 1M
- -5.65%
- YTD
- 6.46%
- 6M
- 17.84%
- 1Y
- 81.87%
- 3Y*
- 43.47%
- 5Y*
- 25.59%
- 10Y*
- 31.28%
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Return for Risk
AOSL vs. SMH — Risk / Return Rank
AOSL
SMH
AOSL vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha and Omega Semiconductor Limited (AOSL) 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.
| AOSL | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.15 | 2.23 | -2.38 |
Sortino ratioReturn per unit of downside risk | 0.30 | 2.85 | -2.55 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.40 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | -0.33 | 5.10 | -5.42 |
Martin ratioReturn relative to average drawdown | -0.63 | 18.29 | -18.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AOSL | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 2.23 | -2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.74 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.97 | -0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.28 | -0.25 |
Correlation
The correlation between AOSL and SMH is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AOSL vs. SMH - Dividend Comparison
AOSL has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.29%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOSL Alpha and Omega Semiconductor Limited | 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 | 0.29% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
AOSL vs. SMH - Drawdown Comparison
The maximum AOSL drawdown since its inception was -75.27%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for AOSL and SMH.
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Drawdown Indicators
| AOSL | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.27% | -84.96% | +9.69% |
Max Drawdown (1Y)Largest decline over 1 year | -45.32% | -15.95% | -29.37% |
Max Drawdown (5Y)Largest decline over 5 years | -75.27% | -45.30% | -29.97% |
Max Drawdown (10Y)Largest decline over 10 years | -75.27% | -45.30% | -29.97% |
Current DrawdownCurrent decline from peak | -66.28% | -10.03% | -56.25% |
Average DrawdownAverage peak-to-trough decline | -43.26% | -41.36% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.71% | 4.44% | +19.27% |
Volatility
AOSL vs. SMH - Volatility Comparison
Alpha and Omega Semiconductor Limited (AOSL) has a higher volatility of 15.90% compared to VanEck Semiconductor ETF (SMH) at 12.11%. This indicates that AOSL'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.
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Volatility by Period
| AOSL | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.90% | 12.11% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 49.99% | 23.95% | +26.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.13% | 36.84% | +36.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.58% | 34.71% | +31.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.47% | 32.28% | +29.19% |