AROW vs. SMH
Compare and contrast key facts about Arrow Financial Corporation (AROW) 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
AROW vs. SMH - Performance Comparison
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AROW vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AROW Arrow Financial Corporation | 9.21% | 13.95% | 7.15% | -10.78% | 2.33% | 24.98% | -15.58% | 25.41% | -0.08% | -11.10% |
SMH VanEck Semiconductor ETF | 8.84% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
The year-to-date returns for both stocks are quite close, with AROW having a 9.21% return and SMH slightly lower at 8.84%. Over the past 10 years, AROW has underperformed SMH with an annualized return of 8.60%, while SMH has yielded a comparatively higher 31.58% annualized return.
AROW
- 1D
- 1.28%
- 1M
- 1.43%
- YTD
- 9.21%
- 6M
- 24.29%
- 1Y
- 34.17%
- 3Y*
- 17.07%
- 5Y*
- 5.93%
- 10Y*
- 8.60%
SMH
- 1D
- 2.24%
- 1M
- -3.55%
- YTD
- 8.84%
- 6M
- 17.83%
- 1Y
- 85.04%
- 3Y*
- 44.53%
- 5Y*
- 26.15%
- 10Y*
- 31.58%
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Return for Risk
AROW vs. SMH — Risk / Return Rank
AROW
SMH
AROW vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Financial Corporation (AROW) 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.
| AROW | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 2.32 | -1.11 |
Sortino ratioReturn per unit of downside risk | 1.81 | 2.92 | -1.11 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.41 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.74 | 5.39 | -2.65 |
Martin ratioReturn relative to average drawdown | 6.86 | 19.22 | -12.36 |
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
| AROW | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 2.32 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.76 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.98 | -0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.28 | +0.04 |
Correlation
The correlation between AROW and SMH is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AROW vs. SMH - Dividend Comparison
AROW's dividend yield for the trailing twelve months is around 3.41%, more than SMH's 0.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AROW Arrow Financial Corporation | 3.41% | 3.63% | 3.80% | 3.78% | 3.12% | 2.89% | 3.40% | 2.69% | 3.12% | 2.88% | 2.42% | 3.63% |
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
AROW vs. SMH - Drawdown Comparison
The maximum AROW drawdown since its inception was -67.11%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for AROW and SMH.
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Drawdown Indicators
| AROW | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.11% | -84.96% | +17.85% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -15.95% | +3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -50.54% | -45.30% | -5.24% |
Max Drawdown (10Y)Largest decline over 10 years | -50.54% | -45.30% | -5.24% |
Current DrawdownCurrent decline from peak | -4.88% | -8.02% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -12.43% | -41.35% | +28.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 4.47% | +0.56% |
Volatility
AROW vs. SMH - Volatility Comparison
The current volatility for Arrow Financial Corporation (AROW) is 6.42%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.74%. 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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Volatility by Period
| AROW | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 11.74% | -5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 19.89% | 24.02% | -4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.53% | 36.88% | -8.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.77% | 34.68% | -3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.24% | 32.29% | -0.05% |