IMVT vs. SMH
Compare and contrast key facts about Immunovant, Inc. (IMVT) and VanEck Vectors Semiconductor ETF (SMH).
SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMVT or SMH.
Key characteristics
| IMVT | SMH | |
|---|---|---|
| YTD Return | -28.96% | 49.27% |
| 1Y Return | -10.36% | 73.41% |
| 3Y Return (Ann) | 50.43% | 21.67% |
| 5Y Return (Ann) | 24.16% | 34.55% |
| Sharpe Ratio | -0.28 | 2.15 |
| Sortino Ratio | -0.09 | 2.63 |
| Omega Ratio | 0.99 | 1.35 |
| Calmar Ratio | -0.26 | 2.98 |
| Martin Ratio | -0.47 | 8.26 |
| Ulcer Index | 28.64% | 8.96% |
| Daily Std Dev | 47.87% | 34.45% |
| Max Drawdown | -93.59% | -95.73% |
| Current Drawdown | -43.22% | -7.20% |
Correlation
The correlation between IMVT and SMH is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IMVT vs. SMH - Performance Comparison
In the year-to-date period, IMVT achieves a -28.96% return, which is significantly lower than SMH's 49.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
IMVT vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Immunovant, Inc. (IMVT) 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.
Dividends
IMVT vs. SMH - Dividend Comparison
IMVT has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.40%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMVT Immunovant, 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 | 0.40% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
IMVT vs. SMH - Drawdown Comparison
The maximum IMVT drawdown since its inception was -93.59%, roughly equal to the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for IMVT and SMH. For additional features, visit the drawdowns tool.
Volatility
IMVT vs. SMH - Volatility Comparison
Immunovant, Inc. (IMVT) and VanEck Vectors Semiconductor ETF (SMH) have volatilities of 9.75% and 9.29%, 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.