AS vs. SMIN
AS (Amer Sports, Inc) is a stock, while SMIN (iShares MSCI India Small-Cap ETF) is Asia Pacific Equities fund tracking the MSCI India Small Cap Index. Over the past year, AS returned -2.15% vs -8.33% for SMIN. At a 0.25 correlation, their price movements are largely independent.
Performance
AS vs. SMIN - Performance Comparison
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Returns By Period
In the year-to-date period, AS achieves a -5.06% return, which is significantly lower than SMIN's -4.03% return.
AS
- 1D
- -0.39%
- 1M
- 6.39%
- YTD
- -5.06%
- 6M
- -7.56%
- 1Y
- -2.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMIN
- 1D
- 1.44%
- 1M
- 0.72%
- YTD
- -4.03%
- 6M
- -1.54%
- 1Y
- -8.33%
- 3Y*
- 8.94%
- 5Y*
- 6.19%
- 10Y*
- 9.73%
AS vs. SMIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AS Amer Sports, Inc | -5.06% | 33.58% | 108.66% |
SMIN iShares MSCI India Small-Cap ETF | -4.03% | -6.68% | 11.01% |
Correlation
The correlation between AS and SMIN is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.25 |
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Return for Risk
AS vs. SMIN — Risk / Return Rank
AS
SMIN
AS vs. SMIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amer Sports, Inc (AS) and iShares MSCI India Small-Cap ETF (SMIN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AS | SMIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.93 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | -0.39 | +0.21 |
| Martin ratioReturn relative to average drawdown | -0.36 | -0.87 | +0.51 |
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Drawdowns
AS vs. SMIN - Drawdown Comparison
The maximum AS drawdown since its inception was -40.71%, smaller than the maximum SMIN drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for AS and SMIN.
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Drawdown Indicators
| AS | SMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.71% | -60.50% | +19.79% |
Max Drawdown (1Y)Largest decline over 1 year | -28.78% | -24.54% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.50% | — |
Current DrawdownCurrent decline from peak | -15.49% | -16.07% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -14.62% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.56% | 11.01% | +3.55% |
Volatility
AS vs. SMIN - Volatility Comparison
Amer Sports, Inc (AS) has a higher volatility of 10.17% compared to iShares MSCI India Small-Cap ETF (SMIN) at 4.86%. This indicates that AS's price experiences larger fluctuations and is considered to be riskier than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AS | SMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 4.86% | +5.31% |
Volatility (6M)Calculated over the trailing 6-month period | 29.10% | 15.58% | +13.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.31% | 18.67% | +22.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.55% | 18.88% | +30.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.55% | 22.83% | +26.72% |
Dividends
AS vs. SMIN - Dividend Comparison
AS has not paid dividends to shareholders, while SMIN's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AS Amer Sports, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMIN iShares MSCI India Small-Cap ETF | 2.10% | 2.01% | 6.84% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% |
Frequently Asked Questions
AS and SMIN have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AS has higher volatility (10.17%) compared to SMIN (4.86%). In terms of maximum drawdown, AS dropped -40.71% vs SMIN's -60.50%.
AS currently has the higher Sharpe Ratio (-0.13 vs -0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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