FM.TO vs. SMH
Compare and contrast key facts about First Quantum Minerals Ltd. (FM.TO) and VanEck Semiconductor ETF (SMH).
SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Performance
FM.TO vs. SMH - Performance Comparison
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FM.TO vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FM.TO First Quantum Minerals Ltd. | -5.19% | 98.60% | 70.78% | -61.41% | -5.96% | 32.52% | 73.68% | 19.40% | -37.27% | 32.00% |
SMH VanEck Semiconductor ETF | 7.90% | 42.33% | 51.05% | 69.56% | -28.80% | 40.85% | 52.91% | 56.37% | -1.34% | 29.66% |
Different Trading Currencies
FM.TO is traded in CAD, while SMH is traded in USD. To make them comparable, the SMH values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FM.TO achieves a -5.19% return, which is significantly lower than SMH's 7.90% return. Over the past 10 years, FM.TO has underperformed SMH with an annualized return of 17.96%, while SMH has yielded a comparatively higher 32.16% annualized return.
FM.TO
- 1D
- 4.90%
- 1M
- -13.17%
- YTD
- -5.19%
- 6M
- 9.82%
- 1Y
- 71.87%
- 3Y*
- 4.15%
- 5Y*
- 7.19%
- 10Y*
- 17.96%
SMH
- 1D
- 0.00%
- 1M
- -4.04%
- YTD
- 7.90%
- 6M
- 15.03%
- 1Y
- 75.99%
- 3Y*
- 44.84%
- 5Y*
- 28.21%
- 10Y*
- 32.16%
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Return for Risk
FM.TO vs. SMH — Risk / Return Rank
FM.TO
SMH
FM.TO vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Quantum Minerals Ltd. (FM.TO) 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.
| FM.TO | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 2.09 | -0.58 |
Sortino ratioReturn per unit of downside risk | 2.03 | 2.65 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.38 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.65 | 4.81 | -2.16 |
Martin ratioReturn relative to average drawdown | 8.16 | 16.45 | -8.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FM.TO | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.09 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.86 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 1.05 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 1.00 | -0.71 |
Correlation
The correlation between FM.TO and SMH is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FM.TO vs. SMH - Dividend Comparison
FM.TO has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.28%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FM.TO First Quantum Minerals Ltd. | 0.00% | 0.00% | 0.00% | 1.94% | 0.58% | 0.03% | 0.04% | 0.08% | 0.09% | 0.06% | 0.11% | 1.58% |
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
FM.TO vs. SMH - Drawdown Comparison
The maximum FM.TO drawdown since its inception was -90.98%, which is greater than SMH's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for FM.TO and SMH.
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Drawdown Indicators
| FM.TO | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.98% | -84.96% | -6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -30.35% | -15.95% | -14.40% |
Max Drawdown (5Y)Largest decline over 5 years | -78.27% | -45.30% | -32.97% |
Max Drawdown (10Y)Largest decline over 10 years | -78.27% | -45.30% | -32.97% |
Current DrawdownCurrent decline from peak | -21.44% | -8.02% | -13.42% |
Average DrawdownAverage peak-to-trough decline | -36.83% | -41.35% | +4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.84% | 4.47% | +5.37% |
Volatility
FM.TO vs. SMH - Volatility Comparison
First Quantum Minerals Ltd. (FM.TO) has a higher volatility of 18.92% compared to VanEck Semiconductor ETF (SMH) at 11.53%. This indicates that FM.TO'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
| FM.TO | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.92% | 11.53% | +7.39% |
Volatility (6M)Calculated over the trailing 6-month period | 34.32% | 23.83% | +10.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.07% | 36.59% | +11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.56% | 33.07% | +24.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.39% | 30.78% | +30.61% |