FABC vs. SMH

Last updated Jun 6, 2026

FABC (Fabric.AI, Inc.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 5 years, FABC returned -63.54%/yr vs 36.10%/yr for SMH. At a 0.24 correlation, their price movements are largely independent.

Performance

FABC vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fabric.AI, Inc. (FABC) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FABC achieves a 73.47% return, which is significantly higher than SMH's 58.19% return.

FABC

• 1D: -25.44%
• 1M: 13.64%
• YTD: 73.47%
• 6M: 30.77%
• 1Y: -40.05%
• 3Y*: -61.02%
• 5Y*: -63.54%
• 10Y*: —

SMH

• 1D: -9.22%
• 1M: 3.63%
• YTD: 58.19%
• 6M: 56.81%
• 1Y: 127.40%
• 3Y*: 58.39%
• 5Y*: 36.10%
• 10Y*: 36.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FABC vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FABC Fabric.AI, Inc.	73.47%	-77.59%	-61.17%	-42.51%	-76.23%	-73.52%	38.18%	-29.89%	-94.92%
SMH VanEck Semiconductor ETF	58.19%	49.17%	39.10%	73.38%	-33.53%	42.13%	55.53%	64.45%	-15.78%

Correlation

The correlation between FABC and SMH is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jan 31, 2018	0.24

Return for Risk

FABC vs. SMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FABC

FABC Risk / Return Rank: 30
FABC Sharpe Ratio Rank: 28
FABC Sortino Ratio Rank: 36
FABC Omega Ratio Rank: 36
FABC Calmar Ratio Rank: 24
FABC Martin Ratio Rank: 27

SMH

SMH Risk / Return Rank: 94
SMH Sharpe Ratio Rank: 96
SMH Sortino Ratio Rank: 90
SMH Omega Ratio Rank: 92
SMH Calmar Ratio Rank: 96
SMH Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FABC vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fabric.AI, Inc. (FABC) 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.

	FABC	SMH	Difference
Sharpe ratio: Return per unit of total volatility	-0.34	4.00	-4.34
Sortino ratio: Return per unit of downside risk	0.25	4.12	-3.88
Omega ratio: Gain probability vs. loss probability	1.03	1.59	-0.56
Calmar ratio: Return relative to maximum drawdown	-0.51	8.58	-9.09
Martin ratio: Return relative to average drawdown	-0.77	32.42	-33.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FABC vs. SMH - Sharpe Ratio Comparison

The current FABC Sharpe Ratio is -0.34, which is lower than the SMH Sharpe Ratio of 4.00. The chart below compares the historical Sharpe Ratios of FABC and SMH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FABC	SMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.34	4.00	-4.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.76	1.03	-1.79
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.56	0.32	-0.89

Drawdowns

FABC vs. SMH - Drawdown Comparison

The maximum FABC drawdown since its inception was -99.99%, which is greater than SMH's maximum drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for FABC and SMH.

Drawdown Indicators

	FABC	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-84.96%	-15.03%
Max Drawdown (1Y) Largest decline over 1 year	-78.83%	-14.93%	-63.90%
Max Drawdown (3Y) Largest decline over 3 years	-98.45%	-35.74%	-62.71%
Max Drawdown (5Y) Largest decline over 5 years	-99.76%	-45.30%	-54.46%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.30%	—
Current Drawdown Current decline from peak	-99.97%	-10.69%	-89.28%
Average Drawdown Average peak-to-trough decline	-94.96%	-41.08%	-53.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.12%	3.94%	+48.18%

Volatility

FABC vs. SMH - Volatility Comparison

Fabric.AI, Inc. (FABC) has a higher volatility of 58.61% compared to VanEck Semiconductor ETF (SMH) at 14.88%. This indicates that FABC'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.

Volatility by Period

	FABC	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	58.61%	14.88%	+43.73%
Volatility (6M) Calculated over the trailing 6-month period	87.73%	26.35%	+61.38%
Volatility (1Y) Calculated over the trailing 1-year period	119.61%	32.03%	+87.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.94%	35.24%	+48.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.84%	32.70%	+79.14%

Dividends

FABC vs. SMH - Dividend Comparison

FABC 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
FABC Fabric.AI, Inc.	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

Can I hold both FABC and SMH in my portfolio?

FABC and SMH have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FABC or SMH?

FABC has higher volatility (58.61%) compared to SMH (14.88%). In terms of maximum drawdown, FABC dropped -99.99% vs SMH's -84.96%.

Which has better risk-adjusted returns?

SMH currently has the higher Sharpe Ratio (4.00 vs -0.34), 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.