CEG vs. SMH
CEG (Constellation Energy Corp) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 3 years, CEG returned 38.87%/yr vs 54.43%/yr for SMH. At a 0.42 correlation, their price movements are largely independent.
Performance
CEG vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, CEG achieves a -28.03% return, which is significantly lower than SMH's 55.17% return.
CEG
- 1D
- 0.44%
- 1M
- -7.50%
- 6M
- -17.38%
- YTD
- -28.03%
- 1Y
- -20.72%
- 3Y*
- 38.87%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 45.07%
SMH
- 1D
- 0.41%
- 1M
- -15.31%
- 6M
- 39.57%
- YTD
- 55.17%
- 1Y
- 93.09%
- 3Y*
- 54.43%
- 5Y*
- 34.99%
- 10Y*
- 34.79%
- ALL TIME*
- 11.21%
CEG vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | -28.03% | 58.80% | 92.71% | 37.24% | 73.87% |
SMH VanEck Semiconductor ETF | 55.17% | 49.17% | 39.10% | 73.38% | -25.79% |
Correlation
The correlation between CEG and SMH is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.42 |
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Return for Risk
CEG vs. SMH — Risk / Return Rank
CEG
SMH
CEG vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Constellation Energy Corp (CEG) 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.
| CEG | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.97 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.39 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 5.57 | -6.08 |
| Martin ratioReturn relative to average drawdown | -0.93 | 18.66 | -19.59 |
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Drawdowns
CEG vs. SMH - Drawdown Comparison
The maximum CEG drawdown since its inception was -50.70%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for CEG and SMH.
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Drawdown Indicators
| CEG | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.70% | -84.96% | +34.26% |
Max Drawdown (1Y)Largest decline over 1 year | -41.22% | -16.80% | -24.42% |
Max Drawdown (3Y)Largest decline over 3 years | -50.70% | -35.74% | -14.96% |
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 | -36.99% | -16.46% | -20.53% |
Average DrawdownAverage peak-to-trough decline | -12.19% | -40.92% | +28.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.36% | 5.01% | +17.35% |
Volatility
CEG vs. SMH - Volatility Comparison
The current volatility for Constellation Energy Corp (CEG) is 10.11%, while VanEck Semiconductor ETF (SMH) has a volatility of 16.43%. This indicates that CEG 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
| CEG | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.11% | 16.43% | -6.32% |
Volatility (6M)Calculated over the trailing 6-month period | 35.36% | 31.63% | +3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.62% | 37.10% | +9.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.11% | 36.22% | +12.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.11% | 33.16% | +15.95% |
Dividends
CEG vs. SMH - Dividend Comparison
CEG's dividend yield for the trailing twelve months is around 0.64%, more than SMH's 0.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.64% | 0.44% | 0.63% | 0.97% | 0.65% | 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
CEG and SMH have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (16.43%) compared to CEG (10.11%). In terms of maximum drawdown, CEG dropped -50.70% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.53 vs -0.45), 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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