CALM vs. SMH
CALM (Cal-Maine Foods, Inc.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, CALM returned 9.64%/yr vs 37.85%/yr for SMH. At a 0.18 correlation, their price movements are largely independent.
Performance
CALM vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, CALM achieves a 1.34% return, which is significantly lower than SMH's 72.73% return. Over the past 10 years, CALM has underperformed SMH with an annualized return of 9.64%, while SMH has yielded a comparatively higher 37.85% annualized return.
CALM
- 1D
- 4.74%
- 1M
- 3.32%
- YTD
- 1.34%
- 6M
- -2.18%
- 1Y
- -17.54%
- 3Y*
- 28.06%
- 5Y*
- 22.69%
- 10Y*
- 9.64%
SMH
- 1D
- -7.01%
- 1M
- 7.93%
- YTD
- 72.73%
- 6M
- 71.29%
- 1Y
- 138.23%
- 3Y*
- 62.28%
- 5Y*
- 38.18%
- 10Y*
- 37.85%
CALM vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 1.34% | -15.61% | 87.00% | 14.48% | 51.87% | -1.38% | -12.19% | 2.09% | -3.90% | 0.62% |
SMH VanEck Semiconductor ETF | 72.73% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Correlation
The correlation between CALM and SMH is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2000 | 0.18 |
The correlation between CALM and SMH shifts across timeframes, from -0.09 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CALM vs. SMH — Risk / Return Rank
CALM
SMH
CALM vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cal-Maine Foods, Inc. (CALM) 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.
| CALM | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.52 | ||
| Sortino ratioReturn per unit of downside risk | -4.65 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.58 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 9.31 | -9.79 |
| Martin ratioReturn relative to average drawdown | -0.72 | 33.88 | -34.60 |
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Drawdowns
CALM vs. SMH - Drawdown Comparison
The maximum CALM drawdown since its inception was -74.08%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for CALM and SMH.
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Drawdown Indicators
| CALM | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.08% | -84.96% | +10.88% |
Max Drawdown (1Y)Largest decline over 1 year | -37.00% | -14.93% | -22.07% |
Max Drawdown (3Y)Largest decline over 3 years | -37.00% | -35.74% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -37.00% | -45.30% | +8.30% |
Max Drawdown (10Y)Largest decline over 10 years | -39.12% | -45.30% | +6.18% |
Current DrawdownCurrent decline from peak | -29.87% | -7.01% | -22.86% |
Average DrawdownAverage peak-to-trough decline | -30.31% | -41.01% | +10.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.42% | 4.10% | +20.32% |
Volatility
CALM vs. SMH - Volatility Comparison
The current volatility for Cal-Maine Foods, Inc. (CALM) is 7.82%, while VanEck Semiconductor ETF (SMH) has a volatility of 19.08%. This indicates that CALM 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.
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Volatility by Period
| CALM | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 19.08% | -11.26% |
Volatility (6M)Calculated over the trailing 6-month period | 20.80% | 29.18% | -8.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.05% | 34.87% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.70% | 35.83% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.19% | 32.97% | -1.78% |
Dividends
CALM vs. SMH - Dividend Comparison
CALM's dividend yield for the trailing twelve months is around 6.03%, more than SMH's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 6.03% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
SMH VanEck Semiconductor ETF | 0.18% | 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
CALM and SMH have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (19.08%) compared to CALM (7.82%). In terms of maximum drawdown, CALM dropped -74.08% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (3.99 vs -0.53), 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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