ELTK vs. SMH
ELTK (Eltek Ltd) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, ELTK returned 4.59%/yr vs 34.16%/yr for SMH. Their 0.14 correlation means their historical movements had little consistent relationship.
Performance
ELTK vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, ELTK achieves a -2.02% return, which is significantly lower than SMH's 50.09% return. Over the past 10 years, ELTK has underperformed SMH with an annualized return of 4.59%, while SMH has yielded a comparatively higher 34.16% annualized return.
ELTK
- 1D
- 2.42%
- 1M
- -8.87%
- 6M
- -3.47%
- YTD
- -2.02%
- 1Y
- -19.52%
- 3Y*
- 3.67%
- 5Y*
- 6.58%
- 10Y*
- 4.59%
- ALL TIME*
- -3.94%
SMH
- 1D
- 0.30%
- 1M
- -8.74%
- 6M
- 33.97%
- YTD
- 50.09%
- 1Y
- 90.95%
- 3Y*
- 50.56%
- 5Y*
- 33.46%
- 10Y*
- 34.16%
- ALL TIME*
- 11.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ELTK Eltek Ltd | $135.38K | $76.63K | $74.20K |
| $8.28B | $7.64B | $7.07B |
ELTK vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELTK Eltek Ltd | -2.02% | -19.97% | -20.72% | 244.16% | 15.09% | -26.04% | 39.72% | 69.82% | -48.04% | 3.29% |
SMH VanEck Semiconductor ETF | 50.09% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Correlation
The correlation between ELTK and SMH is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2000 | 0.14 |
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Return for Risk
ELTK vs. SMH — Risk / Return Rank
ELTK
SMH
ELTK vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eltek Ltd (ELTK) 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.
| ELTK | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.36 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 3.58 | -4.17 |
| Martin ratioReturn relative to average drawdown | -0.95 | 14.64 | -15.59 |
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Drawdowns
ELTK vs. SMH - Drawdown Comparison
The maximum ELTK drawdown since its inception was -96.70%, which is greater than SMH's maximum drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for ELTK and SMH.
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Drawdown Indicators
| ELTK | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.70% | -84.96% | -11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -32.90% | -24.62% | -8.28% |
Max Drawdown (3Y)Largest decline over 3 years | -65.71% | -35.74% | -29.97% |
Max Drawdown (5Y)Largest decline over 5 years | -65.71% | -45.30% | -20.41% |
Max Drawdown (10Y)Largest decline over 10 years | -77.39% | -45.30% | -32.09% |
Current DrawdownCurrent decline from peak | -76.74% | -19.19% | -57.55% |
Average DrawdownAverage peak-to-trough decline | -77.45% | -40.89% | -36.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.15% | 6.01% | +14.14% |
Volatility
ELTK vs. SMH - Volatility Comparison
Eltek Ltd (ELTK) has a higher volatility of 18.80% compared to VanEck Semiconductor ETF (SMH) at 14.70%. This indicates that ELTK'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
| ELTK | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.80% | 14.70% | +4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 33.05% | 33.13% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.30% | 38.57% | +5.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.50% | 36.50% | +21.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 126.33% | 33.32% | +93.01% |
Dividends
ELTK vs. SMH - Dividend Comparison
ELTK has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELTK Eltek Ltd | 0.00% | 2.20% | 0.00% | 1.58% | 4.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.20% | 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
ELTK and SMH have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELTK has higher volatility (18.80%) compared to SMH (14.70%). In terms of maximum drawdown, ELTK dropped -96.70% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.29 vs -0.43), 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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