HIMX vs. SMTC

Last updated Jun 3, 2026

HIMX (Himax Technologies, Inc.) and SMTC (Semtech Corporation) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, HIMX returned 13.05%/yr vs 21.43%/yr for SMTC. At a 0.36 correlation, their price movements are largely independent.

Performance

HIMX vs. SMTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Himax Technologies, Inc. (HIMX) and Semtech Corporation (SMTC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIMX achieves a 192.80% return, which is significantly higher than SMTC's 126.12% return. Over the past 10 years, HIMX has underperformed SMTC with an annualized return of 13.05%, while SMTC has yielded a comparatively higher 21.43% annualized return.

HIMX

• 1D: 9.45%
• 1M: 94.80%
• YTD: 192.80%
• 6M: 209.82%
• 1Y: 200.34%
• 3Y*: 57.00%
• 5Y*: 20.60%
• 10Y*: 13.05%

SMTC

• 1D: 11.40%
• 1M: 54.56%
• YTD: 126.12%
• 6M: 128.79%
• 1Y: 344.35%
• 3Y*: 94.60%
• 5Y*: 20.68%
• 10Y*: 21.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HIMX vs. SMTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIMX Himax Technologies, Inc.	192.80%	6.02%	37.24%	4.73%	-54.85%	120.20%	177.82%	-22.45%	-66.70%	77.20%
SMTC Semtech Corporation	126.12%	19.14%	182.29%	-23.63%	-67.74%	23.36%	36.28%	15.33%	34.12%	8.40%

Correlation

The correlation between HIMX and SMTC is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Apr 3, 2006	0.36

The correlation between HIMX and SMTC shifts across timeframes, from 0.36 (all time) to 0.49 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS HIMX : $0.18 SMTC : -$0.45
PS Ratio HIMX : 5.14 SMTC : 14.12
Total Revenue (TTM) HIMX : $814.17M SMTC : $1.05B
Gross Profit (TTM) HIMX : $248.69M SMTC : $541.32M
EBITDA (TTM) HIMX : $62.62M SMTC : $172.00M

Return for Risk

HIMX vs. SMTC — Risk / Return Rank

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

HIMX

HIMX Risk / Return Rank: 92
HIMX Sharpe Ratio Rank: 94
HIMX Sortino Ratio Rank: 91
HIMX Omega Ratio Rank: 90
HIMX Calmar Ratio Rank: 95
HIMX Martin Ratio Rank: 92

SMTC

SMTC Risk / Return Rank: 97
SMTC Sharpe Ratio Rank: 99
SMTC Sortino Ratio Rank: 97
SMTC Omega Ratio Rank: 95
SMTC Calmar Ratio Rank: 98
SMTC Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIMX vs. SMTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Himax Technologies, Inc. (HIMX) and Semtech Corporation (SMTC). 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.

	HIMX	SMTC	Difference
Sharpe ratio Return per unit of total volatility	2.93	5.49	-2.56
Sortino ratio Return per unit of downside risk	3.40	4.62	-1.22
Omega ratio Gain probability vs. loss probability	1.45	1.58	-0.12
Calmar ratio Return relative to maximum drawdown	7.11	12.98	-5.87
Martin ratio Return relative to average drawdown	14.78	46.88	-32.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIMX vs. SMTC - Sharpe Ratio Comparison

The current HIMX Sharpe Ratio is 2.93, which is lower than the SMTC Sharpe Ratio of 5.49. The chart below compares the historical Sharpe Ratios of HIMX and SMTC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HIMX	SMTC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.93	5.49	-2.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.33	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.40	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.24	-0.08

Drawdowns

HIMX vs. SMTC - Drawdown Comparison

The maximum HIMX drawdown since its inception was -87.60%, roughly equal to the maximum SMTC drawdown of -85.40%. Use the drawdown chart below to compare losses from any high point for HIMX and SMTC.

Drawdown Indicators

	HIMX	SMTC	Difference
Max Drawdown Largest peak-to-trough decline	-87.60%	-85.40%	-2.20%
Max Drawdown (1Y) Largest decline over 1 year	-29.00%	-26.68%	-2.32%
Max Drawdown (3Y) Largest decline over 3 years	-54.16%	-68.45%	+14.29%
Max Drawdown (5Y) Largest decline over 5 years	-66.23%	-85.40%	+19.17%
Max Drawdown (10Y) Largest decline over 10 years	-86.74%	-85.40%	-1.34%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-49.72%	-47.93%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.95%	7.39%	+6.56%

Volatility

HIMX vs. SMTC - Volatility Comparison

Himax Technologies, Inc. (HIMX) has a higher volatility of 37.56% compared to Semtech Corporation (SMTC) at 23.42%. This indicates that HIMX's price experiences larger fluctuations and is considered to be riskier than SMTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIMX	SMTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.56%	23.42%	+14.14%
Volatility (6M) Calculated over the trailing 6-month period	55.56%	48.05%	+7.51%
Volatility (1Y) Calculated over the trailing 1-year period	68.80%	63.22%	+5.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.44%	62.70%	-1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.81%	53.63%	+10.18%

Dividends

HIMX vs. SMTC - Dividend Comparison

HIMX's dividend yield for the trailing twelve months is around 1.54%, while SMTC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HIMX Himax Technologies, Inc.	1.54%	4.52%	3.61%	7.91%	20.13%	1.64%	0.00%	0.00%	2.62%	2.21%	1.99%	3.54%
SMTC Semtech Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

HIMX vs. SMTC - Profitability Comparison

The chart below illustrates the profitability comparison between Himax Technologies, Inc. and Semtech Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HIMX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Himax Technologies, Inc. reported a gross profit of 60.62M and revenue of 199.58M. Therefore, the gross margin over that period was 30.4%.

SMTC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Semtech Corporation reported a gross profit of 138.10M and revenue of 274.40M. Therefore, the gross margin over that period was 50.3%.

HIMX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Himax Technologies, Inc. reported an operating income of 10.19M and revenue of 199.58M, resulting in an operating margin of 5.1%.

SMTC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Semtech Corporation reported an operating income of 30.80M and revenue of 274.40M, resulting in an operating margin of 11.2%.

HIMX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Himax Technologies, Inc. reported a net income of 8.01M and revenue of 199.58M, resulting in a net margin of 4.0%.

SMTC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Semtech Corporation reported a net income of -29.80M and revenue of 274.40M, resulting in a net margin of -10.9%.

Frequently Asked Questions

Can I hold both HIMX and SMTC in my portfolio?

HIMX and SMTC have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIMX or SMTC?

HIMX has higher volatility (37.56%) compared to SMTC (23.42%). In terms of maximum drawdown, HIMX dropped -87.60% vs SMTC's -85.40%.

Which has better risk-adjusted returns?

SMTC currently has the higher Sharpe Ratio (5.49 vs 2.93), 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.