INCY vs. SMH
Compare and contrast key facts about Incyte Corporation (INCY) 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: INCY or SMH.
Key characteristics
| INCY | SMH | |
|---|---|---|
| YTD Return | 23.79% | 41.92% |
| 1Y Return | 41.38% | 54.88% |
| 3Y Return (Ann) | 6.06% | 19.80% |
| 5Y Return (Ann) | -2.17% | 32.98% |
| 10Y Return (Ann) | 1.10% | 28.72% |
| Sharpe Ratio | 1.43 | 1.60 |
| Sortino Ratio | 2.43 | 2.12 |
| Omega Ratio | 1.28 | 1.28 |
| Calmar Ratio | 0.64 | 2.22 |
| Martin Ratio | 4.14 | 6.05 |
| Ulcer Index | 10.25% | 9.08% |
| Daily Std Dev | 29.70% | 34.27% |
| Max Drawdown | -98.54% | -95.73% |
| Current Drawdown | -49.08% | -11.76% |
Correlation
The correlation between INCY and SMH is 0.37, 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
INCY vs. SMH - Performance Comparison
In the year-to-date period, INCY achieves a 23.79% return, which is significantly lower than SMH's 41.92% return. Over the past 10 years, INCY has underperformed SMH with an annualized return of 1.10%, while SMH has yielded a comparatively higher 28.72% annualized 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
INCY vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Incyte Corporation (INCY) 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
INCY vs. SMH - Dividend Comparison
INCY has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.42%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INCY Incyte 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% |
SMH VanEck Vectors Semiconductor ETF | 0.42% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
INCY vs. SMH - Drawdown Comparison
The maximum INCY drawdown since its inception was -98.54%, roughly equal to the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for INCY and SMH. For additional features, visit the drawdowns tool.
Volatility
INCY vs. SMH - Volatility Comparison
Incyte Corporation (INCY) has a higher volatility of 13.66% compared to VanEck Vectors Semiconductor ETF (SMH) at 7.72%. This indicates that INCY'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.