ARM vs. SMH
Compare and contrast key facts about Arm Holdings plc American Depositary Shares (ARM) 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: ARM or SMH.
Performance
ARM vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, ARM achieves a 71.31% return, which is significantly higher than SMH's 37.22% return.
ARM
71.31%
-15.88%
16.66%
134.10%
N/A
N/A
SMH
37.22%
-2.98%
4.21%
49.18%
32.05%
28.12%
Key characteristics
| ARM | SMH | |
|---|---|---|
| Sharpe Ratio | 1.49 | 1.44 |
| Sortino Ratio | 2.39 | 1.95 |
| Omega Ratio | 1.31 | 1.26 |
| Calmar Ratio | 3.11 | 2.00 |
| Martin Ratio | 6.72 | 5.45 |
| Ulcer Index | 19.68% | 9.13% |
| Daily Std Dev | 89.04% | 34.45% |
| Max Drawdown | -42.57% | -95.73% |
| Current Drawdown | -30.96% | -14.69% |
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Correlation
The correlation between ARM and SMH is 0.67, 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.
Risk-Adjusted Performance
ARM vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arm Holdings plc American Depositary Shares (ARM) 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
ARM vs. SMH - Dividend Comparison
ARM has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARM Arm Holdings plc American Depositary Shares | 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 | 0.43% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
ARM vs. SMH - Drawdown Comparison
The maximum ARM drawdown since its inception was -42.57%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for ARM and SMH. For additional features, visit the drawdowns tool.
Volatility
ARM vs. SMH - Volatility Comparison
Arm Holdings plc American Depositary Shares (ARM) has a higher volatility of 16.65% compared to VanEck Vectors Semiconductor ETF (SMH) at 8.20%. This indicates that ARM'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.