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 -1.38%/yr vs 36.02%/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 -36.92% return, which is significantly lower than SMH's 62.61% return.
DNOPY
- 1D
- -1.08%
- 1M
- -9.62%
- 6M
- -37.24%
- YTD
- -36.92%
- 1Y
- -51.06%
- 3Y*
- -13.07%
- 5Y*
- -1.38%
- 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%
DNOPY vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DNOPY Dino Polska S.A | -36.92% | 19.79% | -16.65% | 30.68% | 2.43% | 10.75% | 89.61% |
SMH VanEck Semiconductor ETF | 62.61% | 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 | 0.14 |
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 | -4.03 | ||
| Sortino ratioReturn per unit of downside risk | -4.97 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.43 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 7.03 | -8.04 |
| Martin ratioReturn relative to average drawdown | -1.80 | 22.83 | -24.63 |
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Drawdowns
DNOPY vs. SMH - Drawdown Comparison
The maximum DNOPY drawdown since its inception was -52.11%, 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 | -52.11% | -84.96% | +32.85% |
Max Drawdown (1Y)Largest decline over 1 year | -50.65% | -14.93% | -35.72% |
Max Drawdown (3Y)Largest decline over 3 years | -52.11% | -35.74% | -16.37% |
Max Drawdown (5Y)Largest decline over 5 years | -52.11% | -45.30% | -6.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -51.65% | -12.45% | -39.20% |
Average DrawdownAverage peak-to-trough decline | -14.90% | -40.94% | +26.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.42% | 4.59% | +24.83% |
Volatility
DNOPY vs. SMH - Volatility Comparison
The current volatility for Dino Polska S.A (DNOPY) is 11.08%, while VanEck Semiconductor ETF (SMH) has a volatility of 18.45%. 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 | 11.08% | 18.45% | -7.37% |
Volatility (6M)Calculated over the trailing 6-month period | 36.30% | 31.29% | +5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.69% | 36.76% | +6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.24% | 36.19% | +22.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.46% | 33.14% | +26.32% |
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 0.19%.
| 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 | 0.19% | 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
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 (18.45%) compared to DNOPY (11.08%). In terms of maximum drawdown, DNOPY dropped -52.11% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.86 vs -1.17), 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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