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 -81.69% vs 138.23% 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 -30.59% return, which is significantly lower than SMH's 72.73% return.
DEFT
- 1D
- -5.28%
- 1M
- -23.39%
- YTD
- -30.59%
- 6M
- -43.68%
- 1Y
- -81.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- -7.01%
- 1M
- 7.93%
- YTD
- 72.73%
- 6M
- 71.29%
- 1Y
- 138.23%
- 3Y*
- 62.28%
- 5Y*
- 38.18%
- 10Y*
- 37.85%
DEFT vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DEFT DeFi Technologies Inc | -30.59% | -84.60% |
SMH VanEck Semiconductor ETF | 72.73% | 61.71% |
Correlation
The correlation between DEFT and SMH is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 12, 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.
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.
| DEFT | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.81 | ||
| Sortino ratioReturn per unit of downside risk | -5.77 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.58 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 9.31 | -10.26 |
| Martin ratioReturn relative to average drawdown | -1.30 | 33.88 | -35.17 |
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Drawdowns
DEFT vs. SMH - Drawdown Comparison
The maximum DEFT drawdown since its inception was -90.19%, which is greater than SMH's maximum 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 | -90.19% | -84.96% | -5.23% |
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 | -89.31% | -7.01% | -82.30% |
Average DrawdownAverage peak-to-trough decline | -66.22% | -41.01% | -25.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 63.04% | 4.10% | +58.94% |
Volatility
DEFT vs. SMH - Volatility Comparison
DeFi Technologies Inc (DEFT) has a higher volatility of 21.61% compared to VanEck Semiconductor ETF (SMH) at 19.08%. 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 | 21.61% | 19.08% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 74.97% | 29.18% | +45.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.92% | 34.87% | +65.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.81% | 35.83% | +62.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.81% | 32.97% | +65.84% |
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 0.18%.
| 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 | 0.18% | 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
DEFT and SMH have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEFT has higher volatility (21.61%) compared to SMH (19.08%). In terms of maximum drawdown, DEFT dropped -90.19% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (3.99 vs -0.82), 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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