GEHC vs. SMH
Compare and contrast key facts about GE HealthCare Technologies Inc. (GEHC) and VanEck Vectors 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GEHC or SMH.
Performance
GEHC vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, GEHC achieves a 6.88% return, which is significantly lower than SMH's 39.64% return.
GEHC
6.88%
-9.66%
0.78%
12.70%
N/A
N/A
SMH
39.64%
-2.91%
4.05%
48.97%
33.21%
28.11%
Key characteristics
| GEHC | SMH | |
|---|---|---|
| Sharpe Ratio | 0.46 | 1.48 |
| Sortino Ratio | 0.81 | 1.99 |
| Omega Ratio | 1.12 | 1.26 |
| Calmar Ratio | 0.57 | 2.06 |
| Martin Ratio | 1.37 | 5.55 |
| Ulcer Index | 9.64% | 9.21% |
| Daily Std Dev | 28.88% | 34.46% |
| Max Drawdown | -28.04% | -95.73% |
| Current Drawdown | -12.04% | -13.19% |
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Correlation
The correlation between GEHC and SMH is 0.31, 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.
Risk-Adjusted Performance
GEHC vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GE HealthCare Technologies Inc. (GEHC) and VanEck Vectors 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.
Dividends
GEHC vs. SMH - Dividend Comparison
GEHC's dividend yield for the trailing twelve months is around 0.15%, less than SMH's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEHC GE HealthCare Technologies Inc. | 0.15% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.43% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
GEHC vs. SMH - Drawdown Comparison
The maximum GEHC drawdown since its inception was -28.04%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for GEHC and SMH. For additional features, visit the drawdowns tool.
Volatility
GEHC vs. SMH - Volatility Comparison
The current volatility for GE HealthCare Technologies Inc. (GEHC) is 5.94%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 8.32%. This indicates that GEHC 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.