CE vs. SMH
CE (Celanese Corporation) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, CE returned -1.54%/yr vs 34.16%/yr for SMH. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
CE vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, CE achieves a 5.95% return, which is significantly lower than SMH's 50.09% return. Over the past 10 years, CE has underperformed SMH with an annualized return of -1.54%, while SMH has yielded a comparatively higher 34.16% annualized return.
CE
- 1D
- -0.20%
- 1M
- -6.14%
- 6M
- 0.80%
- YTD
- 5.95%
- 1Y
- -7.67%
- 3Y*
- -28.37%
- 5Y*
- -20.91%
- 10Y*
- -1.54%
- ALL TIME*
- 6.31%
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) |
|---|---|---|---|
| $84.92M | $80.90M | $96.87M | |
| $8.28B | $7.64B | $7.07B |
CE vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CE Celanese Corporation | 5.95% | -38.76% | -54.57% | 55.69% | -37.77% | 31.75% | 8.25% | 39.85% | -14.31% | 38.52% |
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 CE and SMH is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2005 | 0.45 |
Over the past year, the correlation between CE and SMH has dropped to 0.16 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
CE vs. SMH — Risk / Return Rank
CE
SMH
CE vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Celanese Corporation (CE) 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.
| CE | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.36 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 3.58 | -3.97 |
| Martin ratioReturn relative to average drawdown | -0.82 | 14.64 | -15.46 |
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Drawdowns
CE vs. SMH - Drawdown Comparison
The maximum CE drawdown since its inception was -84.87%, roughly equal to the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for CE and SMH.
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Drawdown Indicators
| CE | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.87% | -84.96% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -37.13% | -24.62% | -12.51% |
Max Drawdown (3Y)Largest decline over 3 years | -78.96% | -35.74% | -43.22% |
Max Drawdown (5Y)Largest decline over 5 years | -78.96% | -45.30% | -33.66% |
Max Drawdown (10Y)Largest decline over 10 years | -78.96% | -45.30% | -33.66% |
Current DrawdownCurrent decline from peak | -73.47% | -19.19% | -54.28% |
Average DrawdownAverage peak-to-trough decline | -21.00% | -40.89% | +19.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.30% | 6.01% | +13.29% |
Volatility
CE vs. SMH - Volatility Comparison
The current volatility for Celanese Corporation (CE) is 11.96%, while VanEck Semiconductor ETF (SMH) has a volatility of 14.70%. This indicates that CE 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
| CE | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.96% | 14.70% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 40.00% | 33.13% | +6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.14% | 38.57% | +17.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.47% | 36.50% | +8.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.32% | 33.32% | +6.00% |
Dividends
CE vs. SMH - Dividend Comparison
CE's dividend yield for the trailing twelve months is around 0.27%, more than SMH's 0.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CE Celanese Corporation | 0.27% | 0.28% | 4.05% | 1.80% | 2.68% | 1.62% | 1.91% | 1.95% | 2.31% | 1.62% | 1.75% | 1.71% |
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
CE and SMH have a correlation of 0.16, 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 CE (11.96%). In terms of maximum drawdown, CE dropped -84.87% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.29 vs -0.25), 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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