ETH-USD vs. SMH
ETH-USD (Ethereum) is a cryptocurrency, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, ETH-USD returned 62.58%/yr vs 34.79%/yr for SMH. At a 0.16 correlation, their price movements are largely independent.
Performance
ETH-USD vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -35.51% return, which is significantly lower than SMH's 55.17% return. Over the past 10 years, ETH-USD has outperformed SMH with an annualized return of 62.58%, while SMH has yielded a comparatively lower 34.79% annualized return.
ETH-USD
- 1D
- 2.26%
- 1M
- 10.05%
- 6M
- -39.98%
- YTD
- -35.51%
- 1Y
- -49.10%
- 3Y*
- 0.37%
- 5Y*
- -0.85%
- 10Y*
- 62.58%
- ALL TIME*
- 80.34%
SMH
- 1D
- 0.41%
- 1M
- -15.31%
- 6M
- 39.57%
- YTD
- 55.17%
- 1Y
- 93.09%
- 3Y*
- 54.43%
- 5Y*
- 34.99%
- 10Y*
- 34.79%
- ALL TIME*
- 11.21%
ETH-USD vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETH-USD Ethereum | -35.51% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
SMH VanEck Semiconductor ETF | 55.17% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Correlation
The correlation between ETH-USD and SMH is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.16 |
The correlation between ETH-USD and SMH shifts across timeframes, from 0.16 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETH-USD vs. SMH — Risk / Return Rank
ETH-USD
SMH
ETH-USD vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) 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.
| ETH-USD | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.85 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.39 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 5.57 | -6.30 |
| Martin ratioReturn relative to average drawdown | -1.11 | 18.66 | -19.77 |
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Drawdowns
ETH-USD vs. SMH - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than SMH's maximum drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for ETH-USD and SMH.
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Drawdown Indicators
| ETH-USD | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -84.96% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -67.60% | -16.80% | -50.80% |
Max Drawdown (3Y)Largest decline over 3 years | -67.60% | -35.74% | -31.86% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -45.30% | -34.05% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | -45.30% | -48.71% |
Current DrawdownCurrent decline from peak | -60.40% | -16.46% | -43.94% |
Average DrawdownAverage peak-to-trough decline | -51.01% | -40.92% | -10.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.69% | 5.01% | +29.68% |
Volatility
ETH-USD vs. SMH - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 13.43%, while VanEck Semiconductor ETF (SMH) has a volatility of 16.43%. This indicates that ETH-USD 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
| ETH-USD | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.43% | 16.43% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 46.67% | 31.63% | +15.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.96% | 37.10% | +17.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.71% | 36.22% | +22.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.77% | 33.16% | +43.61% |
Frequently Asked Questions
ETH-USD and SMH have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (16.43%) compared to ETH-USD (13.43%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.53 vs -0.74), 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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