DEFT vs. SMH
DEFT (DeFi Technologies Inc) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past year, DEFT returned -83.66% vs 157.20% for SMH. At a 0.37 correlation, their price movements are largely independent.
Performance
DEFT vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, DEFT achieves a -24.87% return, which is significantly lower than SMH's 77.13% return.
DEFT
- 1D
- -1.13%
- 1M
- -28.91%
- YTD
- -24.87%
- 6M
- -58.62%
- 1Y
- -83.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- 0.90%
- 1M
- 25.87%
- YTD
- 77.13%
- 6M
- 75.61%
- 1Y
- 157.20%
- 3Y*
- 64.17%
- 5Y*
- 39.21%
- 10Y*
- 37.68%
DEFT vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DEFT DeFi Technologies Inc | -24.87% | -81.60% |
SMH VanEck Semiconductor ETF | 77.13% | 52.16% |
Correlation
The correlation between DEFT and SMH is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 13, 2025 | 0.37 |
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Return for Risk
DEFT vs. SMH — Risk / Return Rank
DEFT
SMH
DEFT vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DeFi Technologies Inc (DEFT) 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.
| DEFT | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.03 | ||
| Sortino ratioReturn per unit of downside risk | -7.10 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.72 | -0.93 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 10.59 | -11.57 |
| Martin ratioReturn relative to average drawdown | -1.39 | 40.63 | -42.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DEFT | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.84 | 5.19 | -6.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.13 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.86 | 0.34 | -1.20 |
Drawdowns
DEFT vs. SMH - Drawdown Comparison
The maximum DEFT drawdown since its inception was -88.69%, roughly equal to the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for DEFT and SMH.
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Drawdown Indicators
| DEFT | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.69% | -84.96% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -86.18% | -14.93% | -71.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.74% | — |
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 | -86.66% | 0.00% | -86.66% |
Average DrawdownAverage peak-to-trough decline | -60.01% | -41.09% | -18.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.27% | 3.89% | +56.38% |
Volatility
DEFT vs. SMH - Volatility Comparison
DeFi Technologies Inc (DEFT) has a higher volatility of 24.99% compared to VanEck Semiconductor ETF (SMH) at 11.47%. This indicates that DEFT's price experiences larger fluctuations and is considered to be riskier 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
| DEFT | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.99% | 11.47% | +13.52% |
Volatility (6M)Calculated over the trailing 6-month period | 73.99% | 24.29% | +49.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.20% | 30.56% | +68.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.31% | 35.01% | +63.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.31% | 32.57% | +65.74% |
Dividends
DEFT vs. SMH - Dividend Comparison
DEFT has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEFT DeFi Technologies 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% |
SMH VanEck Semiconductor ETF | 0.17% | 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
DEFT and SMH have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEFT has higher volatility (24.99%) compared to SMH (11.47%). In terms of maximum drawdown, DEFT dropped -88.69% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (5.19 vs -0.84), 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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