EHC vs. SMH
EHC (Encompass Health Corporation) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 5 years, EHC returned 12.30%/yr vs 37.42%/yr for SMH. At a 0.25 correlation, their price movements are largely independent.
Performance
EHC vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, EHC achieves a 4.37% return, which is significantly lower than SMH's 69.67% return.
EHC
- 1D
- -0.77%
- 1M
- 8.77%
- 6M
- 7.44%
- YTD
- 4.37%
- 1Y
- -6.32%
- 3Y*
- 18.96%
- 5Y*
- 12.30%
- 10Y*
- —
SMH
- 1D
- 0.54%
- 1M
- -1.44%
- 6M
- 56.99%
- YTD
- 69.67%
- 1Y
- 113.20%
- 3Y*
- 59.96%
- 5Y*
- 37.42%
- 10Y*
- 36.59%
EHC vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EHC Encompass Health Corporation | 4.37% | 15.67% | 39.17% | 12.62% | 16.77% | -19.90% | 21.42% | 14.26% | 26.89% | 0.20% |
SMH VanEck Semiconductor ETF | 69.67% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | -0.92% |
Correlation
The correlation between EHC and SMH is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2017 | 0.25 |
The correlation between EHC and SMH shifts across timeframes, from -0.07 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EHC vs. SMH — Risk / Return Rank
EHC
SMH
EHC vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Encompass Health Corporation (EHC) 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.
| EHC | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.33 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.47 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 7.62 | -7.84 |
| Martin ratioReturn relative to average drawdown | -0.38 | 25.13 | -25.51 |
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Drawdowns
EHC vs. SMH - Drawdown Comparison
The maximum EHC drawdown since its inception was -39.54%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for EHC and SMH.
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Drawdown Indicators
| EHC | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -84.96% | +45.42% |
Max Drawdown (1Y)Largest decline over 1 year | -26.09% | -14.93% | -11.16% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -35.74% | +9.65% |
Max Drawdown (5Y)Largest decline over 5 years | -35.10% | -45.30% | +10.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -12.89% | -8.65% | -4.24% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -40.95% | +28.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.66% | 4.52% | +10.14% |
Volatility
EHC vs. SMH - Volatility Comparison
The current volatility for Encompass Health Corporation (EHC) is 8.14%, while VanEck Semiconductor ETF (SMH) has a volatility of 18.27%. This indicates that EHC 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
| EHC | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 18.27% | -10.13% |
Volatility (6M)Calculated over the trailing 6-month period | 21.92% | 31.01% | -9.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.05% | 36.41% | -8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.21% | 36.12% | -9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.31% | 33.10% | -4.79% |
Dividends
EHC vs. SMH - Dividend Comparison
EHC's dividend yield for the trailing twelve months is around 0.69%, more than SMH's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EHC Encompass Health Corporation | 0.69% | 0.66% | 0.51% | 0.90% | 20.45% | 1.72% | 1.35% | 1.59% | 1.69% | 0.51% | 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
EHC and SMH have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (18.27%) compared to EHC (8.14%). In terms of maximum drawdown, EHC dropped -39.54% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (3.13 vs -0.20), 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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