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 -85.09% vs 104.33% 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 -40.14% return, which is significantly lower than SMH's 62.61% return.
DEFT
- 1D
- -9.55%
- 1M
- -15.17%
- 6M
- -58.18%
- YTD
- -40.14%
- 1Y
- -85.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- -4.16%
- 1M
- -5.54%
- 6M
- 49.91%
- YTD
- 62.61%
- 1Y
- 104.33%
- 3Y*
- 55.82%
- 5Y*
- 36.02%
- 10Y*
- 35.93%
DEFT vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DEFT DeFi Technologies Inc | -40.14% | -84.60% |
SMH VanEck Semiconductor ETF | 62.61% | 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 | -3.72 | ||
| Sortino ratioReturn per unit of downside risk | -5.16 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.43 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 7.03 | -8.01 |
| Martin ratioReturn relative to average drawdown | -1.29 | 22.83 | -24.12 |
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Drawdowns
DEFT vs. SMH - Drawdown Comparison
The maximum DEFT drawdown since its inception was -90.78%, 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 | -90.78% | -84.96% | -5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -87.02% | -14.93% | -72.09% |
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 | -90.78% | -12.45% | -78.33% |
Average DrawdownAverage peak-to-trough decline | -67.26% | -40.94% | -26.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.95% | 4.59% | +61.36% |
Volatility
DEFT vs. SMH - Volatility Comparison
DeFi Technologies Inc (DEFT) has a higher volatility of 24.73% compared to VanEck Semiconductor ETF (SMH) at 18.45%. 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 | 24.73% | 18.45% | +6.28% |
Volatility (6M)Calculated over the trailing 6-month period | 70.12% | 31.29% | +38.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.34% | 36.76% | +62.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.70% | 36.19% | +61.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.70% | 33.14% | +64.56% |
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 0.19%.
| 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 | 0.19% | 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 (24.73%) compared to SMH (18.45%). In terms of maximum drawdown, DEFT dropped -90.78% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.86 vs -0.86), 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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