CASY vs. SMH
CASY (Casey's General Stores, 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, CASY returned 21.62%/yr vs 34.16%/yr for SMH. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
CASY vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, CASY achieves a 57.96% return, which is significantly higher than SMH's 50.09% return. Over the past 10 years, CASY has underperformed SMH with an annualized return of 21.62%, while SMH has yielded a comparatively higher 34.16% annualized return.
CASY
- 1D
- 0.48%
- 1M
- 9.31%
- 6M
- 43.82%
- YTD
- 57.96%
- 1Y
- 67.19%
- 3Y*
- 52.68%
- 5Y*
- 35.28%
- 10Y*
- 21.62%
- ALL TIME*
- 17.33%
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) |
|---|---|---|---|
| $245.76M | $307.12M | $433.26M | |
| $8.28B | $7.64B | $7.07B |
CASY vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CASY Casey's General Stores, Inc. | 57.96% | 40.12% | 45.01% | 23.27% | 14.49% | 11.25% | 13.24% | 25.12% | 15.59% | -4.99% |
SMH VanEck Semiconductor ETF | 50.09% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Correlation
The correlation between CASY and SMH is 0.04, 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. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2000 | 0.33 |
Over the past year, the correlation between CASY and SMH has dropped to 0.04 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
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Return for Risk
CASY vs. SMH — Risk / Return Rank
CASY
SMH
CASY vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Casey's General Stores, Inc. (CASY) 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.
| CASY | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.36 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 3.58 | +0.68 |
| Martin ratioReturn relative to average drawdown | 13.02 | 14.64 | -1.62 |
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Drawdowns
CASY vs. SMH - Drawdown Comparison
The maximum CASY drawdown since its inception was -74.32%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for CASY and SMH.
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Drawdown Indicators
| CASY | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.32% | -84.96% | +10.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.07% | -24.62% | +8.55% |
Max Drawdown (3Y)Largest decline over 3 years | -16.07% | -35.74% | +19.67% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -45.30% | +28.17% |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | -45.30% | +11.89% |
Current DrawdownCurrent decline from peak | -4.87% | -19.19% | +14.32% |
Average DrawdownAverage peak-to-trough decline | -15.13% | -40.89% | +25.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 6.01% | -0.75% |
Volatility
CASY vs. SMH - Volatility Comparison
The current volatility for Casey's General Stores, Inc. (CASY) is 10.63%, while VanEck Semiconductor ETF (SMH) has a volatility of 14.70%. This indicates that CASY 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
| CASY | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.63% | 14.70% | -4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 27.50% | 33.13% | -5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.81% | 38.57% | -5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.19% | 36.50% | -8.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.30% | 33.32% | -5.02% |
Dividends
CASY vs. SMH - Dividend Comparison
CASY's dividend yield for the trailing twelve months is around 0.34%, more than SMH's 0.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CASY Casey's General Stores, Inc. | 0.27% | 0.39% | 0.47% | 0.59% | 0.65% | 0.69% | 0.72% | 0.77% | 0.86% | 0.89% | 0.77% | 0.70% |
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
CASY and SMH have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (14.70%) compared to CASY (10.63%). In terms of maximum drawdown, CASY dropped -74.32% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.29 vs 2.09), 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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