BYDDF vs. SMHX
BYDDF (BYD Company Limited) is a stock, while SMHX (VanEck Fabless Semiconductor ETF) is Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. Over the past year, BYDDF returned -42.40% vs 104.72% for SMHX. At a 0.27 correlation, their price movements are largely independent.
Performance
BYDDF vs. SMHX - Performance Comparison
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Returns By Period
In the year-to-date period, BYDDF achieves a -20.08% return, which is significantly lower than SMHX's 63.06% return.
BYDDF
- 1D
- 0.00%
- 1M
- -16.59%
- YTD
- -20.08%
- 6M
- -18.85%
- 1Y
- -42.40%
- 3Y*
- -1.90%
- 5Y*
- 0.96%
- 10Y*
- 18.76%
SMHX
- 1D
- -0.77%
- 1M
- 2.85%
- YTD
- 63.06%
- 6M
- 59.94%
- 1Y
- 104.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BYDDF vs. SMHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BYDDF BYD Company Limited | -20.08% | 11.38% | 16.44% |
SMHX VanEck Fabless Semiconductor ETF | 63.06% | 30.00% | 15.56% |
Correlation
The correlation between BYDDF and SMHX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024 | 0.27 |
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Return for Risk
BYDDF vs. SMHX — Risk / Return Rank
BYDDF
SMHX
BYDDF vs. SMHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BYD Company Limited (BYDDF) and VanEck Fabless Semiconductor ETF (SMHX). 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.
| BYDDF | SMHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.08 | ||
| Sortino ratioReturn per unit of downside risk | -5.10 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.43 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 6.17 | -7.15 |
| Martin ratioReturn relative to average drawdown | -1.74 | 16.51 | -18.25 |
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Drawdowns
BYDDF vs. SMHX - Drawdown Comparison
The maximum BYDDF drawdown since its inception was -86.78%, which is greater than SMHX's maximum drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for BYDDF and SMHX.
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Drawdown Indicators
| BYDDF | SMHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.78% | -38.53% | -48.25% |
Max Drawdown (1Y)Largest decline over 1 year | -43.50% | -17.06% | -26.44% |
Max Drawdown (3Y)Largest decline over 3 years | -49.13% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -49.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.45% | — | — |
Current DrawdownCurrent decline from peak | -49.13% | -8.62% | -40.51% |
Average DrawdownAverage peak-to-trough decline | -40.97% | -7.35% | -33.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.48% | 6.37% | +18.11% |
Volatility
BYDDF vs. SMHX - Volatility Comparison
The current volatility for BYD Company Limited (BYDDF) is 8.42%, while VanEck Fabless Semiconductor ETF (SMHX) has a volatility of 19.82%. This indicates that BYDDF experiences smaller price fluctuations and is considered to be less risky than SMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BYDDF | SMHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.42% | 19.82% | -11.40% |
Volatility (6M)Calculated over the trailing 6-month period | 27.21% | 29.69% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.80% | 36.71% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.33% | 41.44% | +3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.10% | 41.44% | +5.66% |
Dividends
BYDDF vs. SMHX - Dividend Comparison
BYDDF's dividend yield for the trailing twelve months is around 0.54%, more than SMHX's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BYDDF BYD Company Limited | 0.54% | 6.04% | 1.28% | 0.58% | 0.07% | 0.07% | 0.03% | 0.58% | 0.00% | 2.03% |
SMHX VanEck Fabless Semiconductor ETF | 0.01% | 0.02% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BYDDF and SMHX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMHX has higher volatility (19.82%) compared to BYDDF (8.42%). In terms of maximum drawdown, BYDDF dropped -86.78% vs SMHX's -38.53%.
SMHX currently has the higher Sharpe Ratio (2.88 vs -1.20), 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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