IFNNY vs. SMH
IFNNY (Infineon Technologies AG ADR) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, IFNNY returned 17.36%/yr vs 34.16%/yr for SMH. Their 0.69 correlation means they have sometimes moved together and sometimes differently.
Performance
IFNNY vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, IFNNY achieves a 63.21% return, which is significantly higher than SMH's 50.09% return. Over the past 10 years, IFNNY has underperformed SMH with an annualized return of 17.36%, while SMH has yielded a comparatively higher 34.16% annualized return.
IFNNY
- 1D
- 3.92%
- 1M
- -17.34%
- 6M
- 46.46%
- YTD
- 63.21%
- 1Y
- 83.72%
- 3Y*
- 19.22%
- 5Y*
- 14.24%
- 10Y*
- 17.36%
- ALL TIME*
- 17.66%
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) |
|---|---|---|---|
| $26.54M | $31.79M | $47.04M | |
| $8.28B | $7.64B | $7.07B |
IFNNY vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFNNY Infineon Technologies AG ADR | 63.21% | 36.86% | -21.68% | 40.02% | -33.89% | 19.84% | 73.61% | 13.16% | -25.98% | 59.79% |
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 IFNNY and SMH is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.69 |
The correlation between IFNNY and SMH has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.
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Return for Risk
IFNNY vs. SMH — Risk / Return Rank
IFNNY
SMH
IFNNY vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Infineon Technologies AG ADR (IFNNY) 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.
| IFNNY | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.36 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 3.58 | -1.49 |
| Martin ratioReturn relative to average drawdown | 7.27 | 14.64 | -7.37 |
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Drawdowns
IFNNY vs. SMH - Drawdown Comparison
The maximum IFNNY drawdown since its inception was -62.74%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for IFNNY and SMH.
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Drawdown Indicators
| IFNNY | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.74% | -84.96% | +22.22% |
Max Drawdown (1Y)Largest decline over 1 year | -39.57% | -24.62% | -14.95% |
Max Drawdown (3Y)Largest decline over 3 years | -39.57% | -35.74% | -3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -55.54% | -45.30% | -10.24% |
Max Drawdown (10Y)Largest decline over 10 years | -62.74% | -45.30% | -17.44% |
Current DrawdownCurrent decline from peak | -30.45% | -19.19% | -11.26% |
Average DrawdownAverage peak-to-trough decline | -19.14% | -40.89% | +21.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.40% | 6.01% | +5.39% |
Volatility
IFNNY vs. SMH - Volatility Comparison
Infineon Technologies AG ADR (IFNNY) has a higher volatility of 22.37% compared to VanEck Semiconductor ETF (SMH) at 14.70%. This indicates that IFNNY's price experiences larger fluctuations and is considered to be riskier 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
| IFNNY | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.37% | 14.70% | +7.67% |
Volatility (6M)Calculated over the trailing 6-month period | 47.01% | 33.13% | +13.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.18% | 38.57% | +14.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.86% | 36.50% | +7.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.74% | 33.32% | +8.42% |
Dividends
IFNNY vs. SMH - Dividend Comparison
IFNNY's dividend yield for the trailing twelve months is around 0.58%, more than SMH's 0.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFNNY Infineon Technologies AG ADR | 0.58% | 0.83% | 1.17% | 0.79% | 1.03% | 0.39% | 0.54% | 0.94% | 1.42% | 0.79% | 1.20% | 0.00% |
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
IFNNY and SMH have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFNNY has higher volatility (22.37%) compared to SMH (14.70%). In terms of maximum drawdown, IFNNY dropped -62.74% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.29 vs 1.57), 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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