GEV vs. SMH
GEV (GE Vernova Inc.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past year, GEV returned 93.31% vs 136.32% for SMH. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
GEV vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, GEV achieves a 44.12% return, which is significantly lower than SMH's 72.15% return.
GEV
- 1D
- 3.74%
- 1M
- -11.47%
- YTD
- 44.12%
- 6M
- 40.23%
- 1Y
- 93.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- 1.72%
- 1M
- 8.30%
- YTD
- 72.15%
- 6M
- 75.62%
- 1Y
- 136.32%
- 3Y*
- 60.05%
- 5Y*
- 38.42%
- 10Y*
- 37.49%
GEV vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GEV GE Vernova Inc. | 44.12% | 99.02% | 186.24% |
SMH VanEck Semiconductor ETF | 72.15% | 49.17% | 8.12% |
Correlation
The correlation between GEV and SMH is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.52 |
The correlation between GEV and SMH has been stable across timeframes, ranging from 0.52 to 0.52 - a consistent structural relationship.
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Return for Risk
GEV vs. SMH — Risk / Return Rank
GEV
SMH
GEV vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GE Vernova Inc. (GEV) 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.
| GEV | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.60 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 9.18 | -5.37 |
| Martin ratioReturn relative to average drawdown | 11.27 | 33.74 | -22.47 |
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Drawdowns
GEV vs. SMH - Drawdown Comparison
The maximum GEV drawdown since its inception was -38.29%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for GEV and SMH.
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Drawdown Indicators
| GEV | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.29% | -84.96% | +46.67% |
Max Drawdown (1Y)Largest decline over 1 year | -24.57% | -14.93% | -9.64% |
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 DrawdownCurrent decline from peak | -18.17% | -2.81% | -15.36% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -41.04% | +34.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.31% | 4.06% | +4.25% |
Volatility
GEV vs. SMH - Volatility Comparison
The current volatility for GE Vernova Inc. (GEV) is 13.17%, while VanEck Semiconductor ETF (SMH) has a volatility of 16.25%. This indicates that GEV 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.
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Volatility by Period
| GEV | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.17% | 16.25% | -3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 27.73% | +6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.09% | 33.20% | +15.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.62% | 35.47% | +18.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.62% | 32.82% | +20.80% |
Dividends
GEV vs. SMH - Dividend Comparison
GEV's dividend yield for the trailing twelve months is around 0.16%, less than SMH's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEV GE Vernova Inc. | 0.16% | 0.11% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.18% | 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
GEV and SMH have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (16.25%) compared to GEV (13.17%). In terms of maximum drawdown, GEV dropped -38.29% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (4.13 vs 1.91), 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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