HRB vs. SMH
HRB (H&R Block, Inc.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, HRB returned 10.77%/yr vs 34.16%/yr for SMH. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
HRB vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, HRB achieves a 3.52% return, which is significantly lower than SMH's 50.09% return. Over the past 10 years, HRB has underperformed SMH with an annualized return of 10.77%, while SMH has yielded a comparatively higher 34.16% annualized return.
HRB
- 1D
- -0.59%
- 1M
- 9.97%
- 6M
- 14.36%
- YTD
- 3.52%
- 1Y
- -15.67%
- 3Y*
- 12.84%
- 5Y*
- 16.21%
- 10Y*
- 10.77%
- ALL TIME*
- 10.27%
SMH
- 1D
- 0.30%
- 1M
- -8.74%
- 6M
- 33.97%
- YTD
- 50.09%
- 1Y
- 90.95%
- 3Y*
- 50.56%
- 5Y*
- 33.46%
- 10Y*
- 34.16%
- ALL TIME*
- 11.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $79.64M | $78.55M | $89.93M | |
| $8.28B | $7.64B | $7.07B |
HRB vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRB H&R Block, Inc. | 3.52% | -14.88% | 12.03% | 36.87% | 59.94% | 55.43% | -27.97% | -3.55% | 0.49% | 18.22% |
SMH VanEck Semiconductor ETF | 50.09% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Correlation
The correlation between HRB and SMH is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.34 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2000 | 0.28 |
The correlation between HRB and SMH shifts across timeframes, from -0.34 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HRB vs. SMH — Risk / Return Rank
HRB
SMH
HRB vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for H&R Block, Inc. (HRB) 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.
| HRB | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.36 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 3.58 | -3.91 |
| Martin ratioReturn relative to average drawdown | -0.56 | 14.64 | -15.20 |
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Drawdowns
HRB vs. SMH - Drawdown Comparison
The maximum HRB drawdown since its inception was -62.08%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for HRB and SMH.
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Drawdown Indicators
| HRB | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.08% | -84.96% | +22.88% |
Max Drawdown (1Y)Largest decline over 1 year | -47.86% | -24.62% | -23.24% |
Max Drawdown (3Y)Largest decline over 3 years | -55.54% | -35.74% | -19.80% |
Max Drawdown (5Y)Largest decline over 5 years | -55.54% | -45.30% | -10.24% |
Max Drawdown (10Y)Largest decline over 10 years | -57.72% | -45.30% | -12.42% |
Current DrawdownCurrent decline from peak | -29.22% | -19.19% | -10.03% |
Average DrawdownAverage peak-to-trough decline | -18.70% | -40.89% | +22.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.50% | 6.01% | +21.49% |
Volatility
HRB vs. SMH - Volatility Comparison
The current volatility for H&R Block, Inc. (HRB) is 13.01%, while VanEck Semiconductor ETF (SMH) has a volatility of 14.70%. This indicates that HRB 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
| HRB | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.01% | 14.70% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 37.36% | 33.13% | +4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.21% | 38.57% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.50% | 36.50% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.07% | 33.32% | +2.75% |
Dividends
HRB vs. SMH - Dividend Comparison
HRB's dividend yield for the trailing twelve months is around 3.82%, more than SMH's 0.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRB H&R Block, Inc. | 3.82% | 3.65% | 2.63% | 2.52% | 3.07% | 4.54% | 6.56% | 4.39% | 3.90% | 3.59% | 3.74% | 2.40% |
SMH VanEck Semiconductor ETF | 0.20% | 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
HRB and SMH have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (14.70%) compared to HRB (13.01%). In terms of maximum drawdown, HRB dropped -62.08% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.29 vs -0.36), 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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