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CLS vs. SMIN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CLS vs. SMIN

Last updated Jun 13, 2026

CLS (Celestica Inc.) is a stock, while SMIN (iShares MSCI India Small-Cap ETF) is Asia Pacific Equities fund tracking the MSCI India Small Cap Index. Over the past 10 years, CLS returned 43.71%/yr vs 9.73%/yr for SMIN. At a 0.25 correlation, their price movements are largely independent.

Performance

CLS vs. SMIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Celestica Inc. (CLS) and iShares MSCI India Small-Cap ETF (SMIN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CLS achieves a 32.99% return, which is significantly higher than SMIN's -4.03% return. Over the past 10 years, CLS has outperformed SMIN with an annualized return of 43.71%, while SMIN has yielded a comparatively lower 9.73% annualized return.

CLS

1D
1.88%
1M
3.02%
YTD
32.99%
6M
28.26%
1Y
213.67%
3Y*
207.28%
5Y*
116.26%
10Y*
43.71%

SMIN

1D
1.44%
1M
0.72%
YTD
-4.03%
6M
-1.54%
1Y
-8.33%
3Y*
8.94%
5Y*
6.19%
10Y*
9.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CLS vs. SMIN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CLS
Celestica Inc.		32.99%220.27%215.23%159.80%1.26%37.92%-2.42%-5.70%-16.32%-11.56%
SMIN
iShares MSCI India Small-Cap ETF		-4.03%-6.68%16.78%35.41%-14.23%44.43%19.59%-5.21%-25.55%62.36%

Correlation

The correlation between CLS and SMIN is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.28

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Feb 9, 2012

0.25

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Celestica Inc.

iShares MSCI India Small-Cap ETF

Often compared with CLS:
CLS vs. VRTCLS vs. CLS.TOCLS vs. FNCLS vs. FIXCLS vs. NBISCLS vs. MODCLS vs. SPY
Often compared with SMIN:
SMIN vs. INDASMIN vs. EPISMIN vs. FLINSMIN vs. NFTYSMIN vs. INCOSMIN vs. EWSSMIN vs. VOO

Return for Risk

CLS vs. SMIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CLS
CLS Risk / Return Rank: 9292
Overall Rank
CLS Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
CLS Sortino Ratio Rank: 8888
Sortino Ratio Rank
CLS Omega Ratio Rank: 8888
Omega Ratio Rank
CLS Calmar Ratio Rank: 9696
Calmar Ratio Rank
CLS Martin Ratio Rank: 9595
Martin Ratio Rank
SMIN
SMIN Risk / Return Rank: 55
Overall Rank
SMIN Sharpe Ratio Rank: 55
Sharpe Ratio Rank
SMIN Sortino Ratio Rank: 55
Sortino Ratio Rank
SMIN Omega Ratio Rank: 55
Omega Ratio Rank
SMIN Calmar Ratio Rank: 66
Calmar Ratio Rank
SMIN Martin Ratio Rank: 66
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLS vs. SMIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Celestica Inc. (CLS) and iShares MSCI India Small-Cap ETF (SMIN). 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.

CLSSMINDifference
Sharpe ratioReturn per unit of total volatility
2.78
-0.51

+3.29

Sortino ratioReturn per unit of downside risk
2.81
-0.64

+3.45

Omega ratioGain probability vs. loss probability

1.37

0.93

+0.44

Calmar ratioReturn relative to maximum drawdown

6.91

-0.39

+7.30

Martin ratioReturn relative to average drawdown

16.83

-0.87

+17.69

CLS vs. SMIN - Sharpe Ratio Comparison

The current CLS Sharpe Ratio is 2.78, which is higher than the SMIN Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of CLS and SMIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CLS vs. SMIN - Drawdown Comparison

The maximum CLS drawdown since its inception was -96.93%, which is greater than SMIN's maximum drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for CLS and SMIN.

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Drawdown Indicators

CLSSMINDifference

Max Drawdown

Largest peak-to-trough decline

-96.93%

-60.50%

-36.43%

Max Drawdown (1Y)

Largest decline over 1 year

-29.24%

-24.54%

-4.70%

Max Drawdown (3Y)

Largest decline over 3 years

-53.96%

-27.58%

-26.38%

Max Drawdown (5Y)

Largest decline over 5 years

-53.96%

-27.58%

-26.38%

Max Drawdown (10Y)

Largest decline over 10 years

-80.60%

-60.50%

-20.10%

Current Drawdown

Current decline from peak

-16.78%

-16.07%

-0.71%

Average Drawdown

Average peak-to-trough decline

-73.31%

-14.62%

-58.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.98%

11.01%

+0.97%

Volatility

CLS vs. SMIN - Volatility Comparison

Celestica Inc. (CLS) has a higher volatility of 27.54% compared to iShares MSCI India Small-Cap ETF (SMIN) at 4.86%. This indicates that CLS's price experiences larger fluctuations and is considered to be riskier than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CLSSMINDifference

Volatility (1M)

Calculated over the trailing 1-month period

27.54%

4.86%

+22.68%

Volatility (6M)

Calculated over the trailing 6-month period

55.42%

15.58%

+39.84%

Volatility (1Y)

Calculated over the trailing 1-year period

72.65%

18.67%

+53.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

57.70%

18.88%

+38.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

49.97%

22.83%

+27.14%

Dividends

CLS vs. SMIN - Dividend Comparison

CLS has not paid dividends to shareholders, while SMIN's dividend yield for the trailing twelve months is around 2.10%.

PositionTTM20252024202320222021202020192018201720162015
CLS
Celestica Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SMIN
iShares MSCI India Small-Cap ETF		2.10%2.01%6.84%0.41%0.01%1.27%1.06%1.75%1.68%0.89%2.30%0.93%

Frequently Asked Questions

CLS and SMIN have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CLS has higher volatility (27.54%) compared to SMIN (4.86%). In terms of maximum drawdown, CLS dropped -96.93% vs SMIN's -60.50%.

CLS currently has the higher Sharpe Ratio (2.78 vs -0.51), 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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