ATEYY vs. SMH

Last updated Jun 19, 2026

ATEYY (Advantest Corp DRC) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, ATEYY returned 53.36%/yr vs 38.22%/yr for SMH. At a 0.43 correlation, their price movements are largely independent.

Performance

ATEYY vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advantest Corp DRC (ATEYY) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATEYY achieves a 54.36% return, which is significantly lower than SMH's 83.23% return. Over the past 10 years, ATEYY has outperformed SMH with an annualized return of 53.36%, while SMH has yielded a comparatively lower 38.22% annualized return.

ATEYY

• 1D: 4.03%
• 1M: 19.20%
• YTD: 54.36%
• 6M: 58.08%
• 1Y: 193.66%
• 3Y*: 77.83%
• 5Y*: 53.71%
• 10Y*: 53.36%

SMH

• 1D: 5.76%
• 1M: 21.31%
• YTD: 83.23%
• 6M: 90.62%
• 1Y: 152.08%
• 3Y*: 63.38%
• 5Y*: 40.67%
• 10Y*: 38.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ATEYY vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATEYY Advantest Corp DRC	54.36%	122.70%	68.99%	111.43%	-33.43%	27.37%	30.96%	176.84%	12.51%	12.66%
SMH VanEck Semiconductor ETF	83.23%	49.17%	39.10%	73.38%	-33.53%	42.13%	55.53%	64.45%	-9.05%	38.48%

Correlation

The correlation between ATEYY and SMH is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.43

Over the past year, ATEYY and SMH have become more correlated (0.68) than their long-term average of 0.43, meaning their price movements have been converging.

Return for Risk

ATEYY vs. SMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATEYY

ATEYY Risk / Return Rank: 92
ATEYY Sharpe Ratio Rank: 95
ATEYY Sortino Ratio Rank: 90
ATEYY Omega Ratio Rank: 88
ATEYY Calmar Ratio Rank: 94
ATEYY Martin Ratio Rank: 94

SMH

SMH Risk / Return Rank: 96
SMH Sharpe Ratio Rank: 97
SMH Sortino Ratio Rank: 94
SMH Omega Ratio Rank: 94
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATEYY vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advantest Corp DRC (ATEYY) 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.

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.

	ATEYY	SMH	Difference
Sharpe ratio: Return per unit of total volatility	2.79	4.49	-1.70
Sortino ratio: Return per unit of downside risk	3.09	4.50	-1.41
Omega ratio: Gain probability vs. loss probability	1.38	1.64	-0.26
Calmar ratio: Return relative to maximum drawdown	5.87	10.25	-4.38
Martin ratio: Return relative to average drawdown	15.77	37.49	-21.72

ATEYY vs. SMH - Sharpe Ratio Comparison

The current ATEYY Sharpe Ratio is 2.79, which is lower than the SMH Sharpe Ratio of 4.49. The chart below compares the historical Sharpe Ratios of ATEYY and SMH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ATEYY vs. SMH - Drawdown Comparison

The maximum ATEYY drawdown since its inception was -56.48%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for ATEYY and SMH.

Drawdown Indicators

	ATEYY	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-56.48%	-84.96%	+28.48%
Max Drawdown (1Y) Largest decline over 1 year	-33.24%	-14.93%	-18.31%
Max Drawdown (3Y) Largest decline over 3 years	-44.70%	-35.74%	-8.96%
Max Drawdown (5Y) Largest decline over 5 years	-56.48%	-45.30%	-11.18%
Max Drawdown (10Y) Largest decline over 10 years	-56.48%	-45.30%	-11.18%
Current Drawdown Current decline from peak	-1.68%	0.00%	-1.68%
Average Drawdown Average peak-to-trough decline	-14.21%	-41.02%	+26.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.33%	4.07%	+8.26%

Volatility

ATEYY vs. SMH - Volatility Comparison

Advantest Corp DRC (ATEYY) has a higher volatility of 27.25% compared to VanEck Semiconductor ETF (SMH) at 17.53%. This indicates that ATEYY'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.

Volatility by Period

	ATEYY	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.25%	17.53%	+9.72%
Volatility (6M) Calculated over the trailing 6-month period	54.67%	28.48%	+26.19%
Volatility (1Y) Calculated over the trailing 1-year period	69.99%	34.09%	+35.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.40%	35.67%	+17.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.63%	32.94%	+15.69%

Dividends

ATEYY vs. SMH - Dividend Comparison

ATEYY has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.17%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATEYY Advantest Corp DRC	0.00%	0.11%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.18%	1.24%	0.00%
SMH VanEck Semiconductor ETF	0.17%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%

Frequently Asked Questions

Can I hold both ATEYY and SMH in my portfolio?

ATEYY and SMH have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATEYY or SMH?

ATEYY has higher volatility (27.25%) compared to SMH (17.53%). In terms of maximum drawdown, ATEYY dropped -56.48% vs SMH's -84.96%.

Which has better risk-adjusted returns?

SMH currently has the higher Sharpe Ratio (4.49 vs 2.79), 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.