FIG vs. SMH

Last updated Jul 17, 2026

FIG (Figma, Inc) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. At a 0.04 correlation, their price movements are largely independent.

Performance

FIG vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Figma, Inc (FIG) 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, FIG achieves a -37.36% return, which is significantly lower than SMH's 57.98% return.

FIG

• 1D: -0.38%
• 1M: 30.20%
• 6M: -25.92%
• YTD: -37.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMH

• 1D: -3.70%
• 1M: -7.64%
• 6M: 43.52%
• YTD: 57.98%
• 1Y: 97.28%
• 3Y*: 53.38%
• 5Y*: 36.57%
• 10Y*: 35.15%

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

FIG vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025
FIG Figma, Inc	-37.36%	-56.04%
SMH VanEck Semiconductor ETF	57.98%	21.94%

Correlation

The correlation between FIG and SMH is 0.04, 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 (All Time) Calculated using the full available price history since Jul 31, 2025	0.04

Return for Risk

FIG vs. SMH — Risk / Return Rank

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

FIG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SMH

SMH Risk / Return Rank: 90
SMH Sharpe Ratio Rank: 93
SMH Sortino Ratio Rank: 83
SMH Omega Ratio Rank: 85
SMH Calmar Ratio Rank: 96
SMH Martin Ratio Rank: 94

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.

FIG vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Figma, Inc (FIG) 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.

	FIG	SMH	Difference
Sharpe ratio: Return per unit of total volatility	—	2.65	—
Sortino ratio: Return per unit of downside risk	—	2.97	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	6.54	—
Martin ratio: Return relative to average drawdown	—	20.41	—

Drawdowns

FIG vs. SMH - Drawdown Comparison

The maximum FIG drawdown since its inception was -86.20%, roughly equal to the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for FIG and SMH.

Drawdown Indicators

	FIG	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-86.20%	-84.96%	-1.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.95%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-35.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.30%	—
Current Drawdown Current decline from peak	-80.81%	-14.95%	-65.86%
Average Drawdown Average peak-to-trough decline	-69.34%	-40.93%	-28.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.78%	—

Volatility

Volatility by Period

	FIG	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	31.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	94.32%	36.97%	+57.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.32%	36.21%	+58.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.32%	33.16%	+61.16%

Dividends

FIG vs. SMH - Dividend Comparison

FIG 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
FIG Figma, 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 FIG and SMH in my portfolio?

FIG and SMH have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.