ASH vs. SMH
Compare and contrast key facts about Ashland Global Holdings Inc. (ASH) 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: ASH or SMH.
Key characteristics
| ASH | SMH | |
|---|---|---|
| YTD Return | 14.16% | 24.51% |
| 1Y Return | 9.77% | 79.83% |
| 3Y Return (Ann) | 5.14% | 24.10% |
| 5Y Return (Ann) | 6.30% | 32.99% |
| 10Y Return (Ann) | 8.26% | 29.08% |
| Sharpe Ratio | 0.31 | 2.78 |
| Daily Std Dev | 26.55% | 28.53% |
| Max Drawdown | -91.64% | -95.73% |
| Current Drawdown | -13.80% | -7.02% |
Correlation
The correlation between ASH and SMH is 0.44, 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
ASH vs. SMH - Performance Comparison
In the year-to-date period, ASH achieves a 14.16% return, which is significantly lower than SMH's 24.51% return. Over the past 10 years, ASH has underperformed SMH with an annualized return of 8.26%, while SMH has yielded a comparatively higher 29.08% 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
ASH vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ashland Global Holdings Inc. (ASH) 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
ASH vs. SMH - Dividend Comparison
ASH's dividend yield for the trailing twelve months is around 1.61%, more than SMH's 0.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASH Ashland Global Holdings Inc. | 1.61% | 1.77% | 1.21% | 1.09% | 1.39% | 1.40% | 1.37% | 1.22% | 1.43% | 1.47% | 1.14% | 1.28% |
SMH VanEck Vectors Semiconductor ETF | 0.48% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
ASH vs. SMH - Drawdown Comparison
The maximum ASH drawdown since its inception was -91.64%, roughly equal to the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for ASH and SMH. For additional features, visit the drawdowns tool.
Volatility
ASH vs. SMH - Volatility Comparison
The current volatility for Ashland Global Holdings Inc. (ASH) is 5.54%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 10.09%. This indicates that ASH 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.