AOSL vs. SMH
Compare and contrast key facts about Alpha and Omega Semiconductor Limited (AOSL) and VanEck Vectors 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AOSL or SMH.
Key characteristics
| AOSL | SMH | |
|---|---|---|
| YTD Return | 37.80% | 28.47% |
| 1Y Return | 14.33% | 44.34% |
| 3Y Return (Ann) | 7.51% | 19.67% |
| 5Y Return (Ann) | 24.10% | 33.45% |
| 10Y Return (Ann) | 14.04% | 27.40% |
| Sharpe Ratio | 0.23 | 1.34 |
| Daily Std Dev | 56.83% | 33.26% |
| Max Drawdown | -74.90% | -95.73% |
| Current Drawdown | -45.36% | -20.13% |
Correlation
The correlation between AOSL and SMH is 0.55, 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.
Performance
AOSL vs. SMH - Performance Comparison
In the year-to-date period, AOSL achieves a 37.80% return, which is significantly higher than SMH's 28.47% return. Over the past 10 years, AOSL has underperformed SMH with an annualized return of 14.04%, while SMH has yielded a comparatively higher 27.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AOSL vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha and Omega Semiconductor Limited (AOSL) and VanEck Vectors 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.
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 0.46%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 Vectors Semiconductor ETF | 0.46% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
AOSL vs. SMH - Drawdown Comparison
The maximum AOSL drawdown since its inception was -74.90%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for AOSL and SMH. For additional features, visit the drawdowns tool.
Volatility
AOSL vs. SMH - Volatility Comparison
Alpha and Omega Semiconductor Limited (AOSL) has a higher volatility of 21.82% compared to VanEck Vectors Semiconductor ETF (SMH) at 13.85%. 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.