CNC vs. SMH
Compare and contrast key facts about Centene Corporation (CNC) and VanEck Vectors Semiconductor ETF (SMH).
SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNC or SMH.
Key characteristics
| CNC | SMH | |
|---|---|---|
| YTD Return | 3.95% | 32.78% |
| 1Y Return | 14.79% | 80.39% |
| 3Y Return (Ann) | 3.02% | 27.97% |
| 5Y Return (Ann) | 6.61% | 37.70% |
| 10Y Return (Ann) | 15.87% | 29.74% |
| Sharpe Ratio | 0.71 | 2.98 |
| Daily Std Dev | 24.98% | 28.60% |
| Max Drawdown | -64.42% | -95.73% |
| Current Drawdown | -20.65% | -0.84% |
Correlation
The correlation between CNC and SMH is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CNC vs. SMH - Performance Comparison
In the year-to-date period, CNC achieves a 3.95% return, which is significantly lower than SMH's 32.78% return. Over the past 10 years, CNC has underperformed SMH with an annualized return of 15.87%, while SMH has yielded a comparatively higher 29.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CNC vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Centene Corporation (CNC) and VanEck Vectors 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.
Dividends
CNC vs. SMH - Dividend Comparison
CNC has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.45%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNC Centene Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.45% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
CNC vs. SMH - Drawdown Comparison
The maximum CNC drawdown since its inception was -64.42%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for CNC and SMH. For additional features, visit the drawdowns tool.
Volatility
CNC vs. SMH - Volatility Comparison
The current volatility for Centene Corporation (CNC) is 6.11%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 9.43%. This indicates that CNC 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.