Correlation
The correlation between AROW and SMH is 0.47, 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.
AROW vs. SMH
Compare and contrast key facts about Arrow Financial Corporation (AROW) 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: AROW or SMH.
Performance
AROW vs. SMH - Performance Comparison
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Key characteristics
AROW:
0.21
SMH:
-0.00
AROW:
0.71
SMH:
0.32
AROW:
1.08
SMH:
1.04
AROW:
0.34
SMH:
0.01
AROW:
0.63
SMH:
0.02
AROW:
16.00%
SMH:
15.50%
AROW:
33.92%
SMH:
43.26%
AROW:
-92.57%
SMH:
-83.29%
AROW:
-22.50%
SMH:
-12.84%
Returns By Period
In the year-to-date period, AROW achieves a -7.68% return, which is significantly lower than SMH's 0.79% return. Over the past 10 years, AROW has underperformed SMH with an annualized return of 4.41%, while SMH has yielded a comparatively higher 24.79% annualized return.
AROW
-7.68%
4.42%
-19.68%
6.92%
-3.70%
1.49%
4.41%
SMH
0.79%
16.07%
2.90%
-0.20%
26.65%
29.06%
24.79%
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Risk-Adjusted Performance
AROW vs. SMH — Risk-Adjusted Performance Rank
AROW
SMH
AROW vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Financial Corporation (AROW) 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.
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Dividends
AROW vs. SMH - Dividend Comparison
AROW's dividend yield for the trailing twelve months is around 4.28%, more than SMH's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AROW Arrow Financial Corporation | 4.28% | 3.80% | 3.78% | 3.03% | 2.72% | 3.11% | 2.39% | 2.69% | 2.43% | 2.07% | 3.13% | 3.09% |
SMH VanEck Vectors Semiconductor ETF | 0.44% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% | 1.16% |
Drawdowns
AROW vs. SMH - Drawdown Comparison
The maximum AROW drawdown since its inception was -92.57%, which is greater than SMH's maximum drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for AROW and SMH.
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Volatility
AROW vs. SMH - Volatility Comparison
The current volatility for Arrow Financial Corporation (AROW) is 7.66%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 8.70%. This indicates that AROW 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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