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GTLB vs. SMH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GTLB and SMH is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.5

Performance

GTLB vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GitLab Inc. (GTLB) and VanEck Vectors Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%NovemberDecember2025FebruaryMarchApril
-54.61%
67.27%
GTLB
SMH

Key characteristics

Sharpe Ratio

GTLB:

-0.27

SMH:

0.06

Sortino Ratio

GTLB:

0.01

SMH:

0.38

Omega Ratio

GTLB:

1.00

SMH:

1.05

Calmar Ratio

GTLB:

-0.23

SMH:

0.07

Martin Ratio

GTLB:

-0.88

SMH:

0.17

Ulcer Index

GTLB:

18.05%

SMH:

14.52%

Daily Std Dev

GTLB:

60.07%

SMH:

43.08%

Max Drawdown

GTLB:

-79.55%

SMH:

-83.29%

Current Drawdown

GTLB:

-63.97%

SMH:

-24.30%

Returns By Period

In the year-to-date period, GTLB achieves a -16.31% return, which is significantly lower than SMH's -12.47% return.


GTLB

YTD

-16.31%

1M

-8.25%

6M

-14.44%

1Y

-15.80%

5Y*

N/A

10Y*

N/A

SMH

YTD

-12.47%

1M

-4.52%

6M

-15.83%

1Y

0.33%

5Y*

27.24%

10Y*

23.77%

*Annualized

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Risk-Adjusted Performance

GTLB vs. SMH — Risk-Adjusted Performance Rank

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

GTLB
The Risk-Adjusted Performance Rank of GTLB is 3636
Overall Rank
The Sharpe Ratio Rank of GTLB is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of GTLB is 3737
Sortino Ratio Rank
The Omega Ratio Rank of GTLB is 3737
Omega Ratio Rank
The Calmar Ratio Rank of GTLB is 3737
Calmar Ratio Rank
The Martin Ratio Rank of GTLB is 3232
Martin Ratio Rank

SMH
The Risk-Adjusted Performance Rank of SMH is 2626
Overall Rank
The Sharpe Ratio Rank of SMH is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of SMH is 3131
Sortino Ratio Rank
The Omega Ratio Rank of SMH is 3030
Omega Ratio Rank
The Calmar Ratio Rank of SMH is 2424
Calmar Ratio Rank
The Martin Ratio Rank of SMH is 2222
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GTLB vs. SMH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GitLab Inc. (GTLB) 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.


The chart of Sharpe ratio for GTLB, currently valued at -0.27, compared to the broader market-2.00-1.000.001.002.003.00
GTLB: -0.27
SMH: 0.06
The chart of Sortino ratio for GTLB, currently valued at 0.01, compared to the broader market-6.00-4.00-2.000.002.004.00
GTLB: 0.01
SMH: 0.38
The chart of Omega ratio for GTLB, currently valued at 1.00, compared to the broader market0.501.001.502.00
GTLB: 1.00
SMH: 1.05
The chart of Calmar ratio for GTLB, currently valued at -0.23, compared to the broader market0.001.002.003.004.005.00
GTLB: -0.23
SMH: 0.07
The chart of Martin ratio for GTLB, currently valued at -0.88, compared to the broader market-5.000.005.0010.0015.0020.00
GTLB: -0.88
SMH: 0.17

The current GTLB Sharpe Ratio is -0.27, which is lower than the SMH Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of GTLB and SMH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.27
0.06
GTLB
SMH

Dividends

GTLB vs. SMH - Dividend Comparison

GTLB has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.51%.


TTM20242023202220212020201920182017201620152014
GTLB
GitLab 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 Vectors Semiconductor ETF
0.51%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%1.16%

Drawdowns

GTLB vs. SMH - Drawdown Comparison

The maximum GTLB drawdown since its inception was -79.55%, roughly equal to the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for GTLB and SMH. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-63.97%
-24.30%
GTLB
SMH

Volatility

GTLB vs. SMH - Volatility Comparison

GitLab Inc. (GTLB) and VanEck Vectors Semiconductor ETF (SMH) have volatilities of 25.02% and 23.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%NovemberDecember2025FebruaryMarchApril
25.02%
23.93%
GTLB
SMH