FROG vs. SMH
FROG (JFrog Ltd.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 5 years, FROG returned 13.72%/yr vs 39.21%/yr for SMH. At a 0.41 correlation, their price movements are largely independent.
Performance
FROG vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, FROG achieves a 34.26% return, which is significantly lower than SMH's 77.13% return.
FROG
- 1D
- -4.76%
- 1M
- 59.49%
- YTD
- 34.26%
- 6M
- 34.00%
- 1Y
- 93.09%
- 3Y*
- 51.81%
- 5Y*
- 13.72%
- 10Y*
- —
SMH
- 1D
- 0.90%
- 1M
- 25.87%
- YTD
- 77.13%
- 6M
- 75.61%
- 1Y
- 157.20%
- 3Y*
- 64.17%
- 5Y*
- 39.21%
- 10Y*
- 37.68%
FROG vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FROG JFrog Ltd. | 34.26% | 112.38% | -15.02% | 62.26% | -28.18% | -52.73% | -3.03% |
SMH VanEck Semiconductor ETF | 77.13% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 28.44% |
Correlation
The correlation between FROG and SMH is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.41 |
Over the past year, the correlation between FROG and SMH has dropped to 0.19 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
FROG vs. SMH — Risk / Return Rank
FROG
SMH
FROG vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JFrog Ltd. (FROG) 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.
| FROG | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.72 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 10.59 | -8.71 |
| Martin ratioReturn relative to average drawdown | 5.00 | 40.63 | -35.62 |
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
| FROG | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 5.19 | -3.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 1.13 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.34 | -0.26 |
Drawdowns
FROG vs. SMH - Drawdown Comparison
The maximum FROG drawdown since its inception was -80.38%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for FROG and SMH.
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Drawdown Indicators
| FROG | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.38% | -84.96% | +4.58% |
Max Drawdown (1Y)Largest decline over 1 year | -49.62% | -14.93% | -34.69% |
Max Drawdown (3Y)Largest decline over 3 years | -49.62% | -35.74% | -13.88% |
Max Drawdown (5Y)Largest decline over 5 years | -65.94% | -45.30% | -20.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -5.04% | 0.00% | -5.04% |
Average DrawdownAverage peak-to-trough decline | -56.83% | -41.09% | -15.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.68% | 3.89% | +14.79% |
Volatility
FROG vs. SMH - Volatility Comparison
JFrog Ltd. (FROG) has a higher volatility of 27.43% compared to VanEck Semiconductor ETF (SMH) at 11.47%. This indicates that FROG'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
| FROG | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.43% | 11.47% | +15.96% |
Volatility (6M)Calculated over the trailing 6-month period | 56.79% | 24.29% | +32.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.71% | 30.56% | +38.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.69% | 35.01% | +21.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.57% | 32.57% | +25.00% |
Dividends
FROG vs. SMH - Dividend Comparison
FROG has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FROG JFrog Ltd. | 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 | 0.17% | 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
FROG and SMH have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FROG has higher volatility (27.43%) compared to SMH (11.47%). In terms of maximum drawdown, FROG dropped -80.38% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (5.19 vs 1.36), 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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