BRZE vs. SMH
BRZE (Braze, Inc.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 3 years, BRZE returned -17.49%/yr vs 50.56%/yr for SMH. Their 0.40 correlation means their historical movements had little consistent relationship.
Performance
BRZE vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, BRZE achieves a -27.33% return, which is significantly lower than SMH's 50.09% return.
BRZE
- 1D
- -0.56%
- 1M
- 4.66%
- 6M
- 19.69%
- YTD
- -27.33%
- 1Y
- -4.89%
- 3Y*
- -17.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -23.39%
SMH
- 1D
- 0.30%
- 1M
- -8.74%
- 6M
- 33.97%
- YTD
- 50.09%
- 1Y
- 90.95%
- 3Y*
- 50.56%
- 5Y*
- 33.46%
- 10Y*
- 34.16%
- ALL TIME*
- 11.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BRZE Braze, Inc. | $61.16M | $59.62M | $66.07M |
| $8.28B | $7.64B | $7.07B |
BRZE vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BRZE Braze, Inc. | -27.33% | -18.12% | -21.17% | 94.76% | -64.64% | -11.51% |
SMH VanEck Semiconductor ETF | 50.09% | 49.17% | 39.10% | 73.38% | -33.53% | 1.92% |
Correlation
The correlation between BRZE and SMH is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.40 |
The correlation between BRZE and SMH shifts across timeframes, from -0.02 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BRZE vs. SMH — Risk / Return Rank
BRZE
SMH
BRZE vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Braze, Inc. (BRZE) 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.
| BRZE | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.36 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 3.58 | -3.77 |
| Martin ratioReturn relative to average drawdown | -0.35 | 14.64 | -14.99 |
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Drawdowns
BRZE vs. SMH - Drawdown Comparison
The maximum BRZE drawdown since its inception was -83.23%, roughly equal to the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for BRZE and SMH.
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Drawdown Indicators
| BRZE | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.23% | -84.96% | +1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -56.37% | -24.62% | -31.75% |
Max Drawdown (3Y)Largest decline over 3 years | -73.56% | -35.74% | -37.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -73.53% | -19.19% | -54.34% |
Average DrawdownAverage peak-to-trough decline | -60.38% | -40.89% | -19.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.65% | 6.01% | +24.64% |
Volatility
BRZE vs. SMH - Volatility Comparison
Braze, Inc. (BRZE) has a higher volatility of 21.18% compared to VanEck Semiconductor ETF (SMH) at 14.70%. This indicates that BRZE'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.
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Volatility by Period
| BRZE | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.18% | 14.70% | +6.48% |
Volatility (6M)Calculated over the trailing 6-month period | 53.58% | 33.13% | +20.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.56% | 38.57% | +29.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.64% | 36.50% | +28.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.64% | 33.32% | +31.32% |
Dividends
BRZE vs. SMH - Dividend Comparison
BRZE has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRZE Braze, 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% |
SMH VanEck Semiconductor ETF | 0.20% | 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
BRZE and SMH have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRZE has higher volatility (21.18%) compared to SMH (14.70%). In terms of maximum drawdown, BRZE dropped -83.23% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.29 vs -0.16), 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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