DNOPY vs. SMH
DNOPY (Dino Polska S.A) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 5 years, DNOPY returned 1.40%/yr vs 38.18%/yr for SMH. At a 0.11 correlation, their price movements are largely independent.
Performance
DNOPY vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, DNOPY achieves a -32.87% return, which is significantly lower than SMH's 72.73% return.
DNOPY
- 1D
- 0.39%
- 1M
- -10.45%
- YTD
- -32.87%
- 6M
- -33.90%
- 1Y
- -43.45%
- 3Y*
- -12.05%
- 5Y*
- 1.40%
- 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%
DNOPY vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DNOPY Dino Polska S.A | -32.87% | 19.79% | -16.65% | 30.68% | 2.43% | 10.75% | 89.61% |
SMH VanEck Semiconductor ETF | 72.73% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 58.37% |
Correlation
The correlation between DNOPY and SMH is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.11 |
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Return for Risk
DNOPY vs. SMH — Risk / Return Rank
DNOPY
SMH
DNOPY vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dino Polska S.A (DNOPY) 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.
| DNOPY | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.99 | ||
| Sortino ratioReturn per unit of downside risk | -5.47 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.58 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 9.31 | -10.21 |
| Martin ratioReturn relative to average drawdown | -1.56 | 33.88 | -35.43 |
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Drawdowns
DNOPY vs. SMH - Drawdown Comparison
The maximum DNOPY drawdown since its inception was -48.75%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for DNOPY and SMH.
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Drawdown Indicators
| DNOPY | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.75% | -84.96% | +36.21% |
Max Drawdown (1Y)Largest decline over 1 year | -48.75% | -14.93% | -33.82% |
Max Drawdown (3Y)Largest decline over 3 years | -48.75% | -35.74% | -13.01% |
Max Drawdown (5Y)Largest decline over 5 years | -48.75% | -45.30% | -3.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -48.55% | -7.01% | -41.54% |
Average DrawdownAverage peak-to-trough decline | -14.60% | -41.01% | +26.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.93% | 4.10% | +23.83% |
Volatility
DNOPY vs. SMH - Volatility Comparison
The current volatility for Dino Polska S.A (DNOPY) is 7.45%, while VanEck Semiconductor ETF (SMH) has a volatility of 19.08%. This indicates that DNOPY 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.
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Volatility by Period
| DNOPY | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 19.08% | -11.63% |
Volatility (6M)Calculated over the trailing 6-month period | 35.49% | 29.18% | +6.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.54% | 34.87% | +8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.18% | 35.83% | +22.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.58% | 32.97% | +26.61% |
Dividends
DNOPY vs. SMH - Dividend Comparison
DNOPY 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNOPY Dino Polska S.A | 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
DNOPY and SMH have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (19.08%) compared to DNOPY (7.45%). In terms of maximum drawdown, DNOPY dropped -48.75% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (3.99 vs -1.00), 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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