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 40.06%/yr vs 60.05%/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 -27.96% return, which is significantly lower than SMH's 72.15% return.
CEG
- 1D
- 2.86%
- 1M
- -7.54%
- YTD
- -27.96%
- 6M
- -27.70%
- 1Y
- -15.08%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- 1.72%
- 1M
- 8.30%
- YTD
- 72.15%
- 6M
- 75.62%
- 1Y
- 136.32%
- 3Y*
- 60.05%
- 5Y*
- 38.42%
- 10Y*
- 37.49%
CEG vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | -27.96% | 58.80% | 92.71% | 37.24% | 73.87% |
SMH VanEck Semiconductor ETF | 72.15% | 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 | -4.46 | ||
| Sortino ratioReturn per unit of downside risk | -4.43 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.60 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 9.18 | -9.57 |
| Martin ratioReturn relative to average drawdown | -0.78 | 33.74 | -34.52 |
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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 | -39.77% | -14.93% | -24.84% |
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 | -36.93% | -2.81% | -34.12% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -41.04% | +29.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 4.06% | +15.32% |
Volatility
CEG vs. SMH - Volatility Comparison
The current volatility for Constellation Energy Corp (CEG) is 15.26%, while VanEck Semiconductor ETF (SMH) has a volatility of 16.25%. 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 | 15.26% | 16.25% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 37.72% | 27.73% | +9.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.66% | 33.20% | +13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.38% | 35.47% | +13.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.38% | 32.82% | +16.56% |
Dividends
CEG vs. SMH - Dividend Comparison
CEG's dividend yield for the trailing twelve months is around 0.64%, more than SMH's 0.18% 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 | 0.18% | 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
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 (16.25%) compared to CEG (15.26%). In terms of maximum drawdown, CEG dropped -50.70% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (4.13 vs -0.32), 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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