JNJ vs. SMH
JNJ (Johnson & Johnson) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, JNJ returned 10.46%/yr vs 37.49%/yr for SMH. At a 0.23 correlation, their price movements are largely independent.
Performance
JNJ vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, JNJ achieves a 17.68% return, which is significantly lower than SMH's 72.15% return. Over the past 10 years, JNJ has underperformed SMH with an annualized return of 10.46%, while SMH has yielded a comparatively higher 37.49% annualized return.
JNJ
- 1D
- 1.07%
- 1M
- 5.14%
- YTD
- 17.68%
- 6M
- 15.11%
- 1Y
- 57.60%
- 3Y*
- 17.82%
- 5Y*
- 10.94%
- 10Y*
- 10.46%
SMH
- 1D
- 1.72%
- 1M
- 8.30%
- YTD
- 72.15%
- 6M
- 75.62%
- 1Y
- 136.32%
- 3Y*
- 60.05%
- 5Y*
- 38.42%
- 10Y*
- 37.49%
JNJ vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 17.68% | 47.48% | -4.81% | -8.58% | 5.97% | 11.44% | 10.82% | 16.22% | -5.13% | 24.43% |
SMH VanEck Semiconductor ETF | 72.15% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Correlation
The correlation between JNJ and SMH is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2000 | 0.23 |
The correlation between JNJ and SMH shifts across timeframes, from -0.15 (3 years) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JNJ vs. SMH — Risk / Return Rank
JNJ
SMH
JNJ vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Johnson & Johnson (JNJ) 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.
| JNJ | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.60 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | 9.18 | -3.90 |
| Martin ratioReturn relative to average drawdown | 15.52 | 33.74 | -18.22 |
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Drawdowns
JNJ vs. SMH - Drawdown Comparison
The maximum JNJ drawdown since its inception was -50.67%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for JNJ and SMH.
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Drawdown Indicators
| JNJ | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.67% | -84.96% | +34.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.96% | -14.93% | +3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -35.74% | +19.79% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -45.30% | +26.89% |
Max Drawdown (10Y)Largest decline over 10 years | -27.37% | -45.30% | +17.93% |
Current DrawdownCurrent decline from peak | -2.54% | -2.81% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -41.04% | +29.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 4.06% | -0.34% |
Volatility
JNJ vs. SMH - Volatility Comparison
The current volatility for Johnson & Johnson (JNJ) is 5.47%, while VanEck Semiconductor ETF (SMH) has a volatility of 16.25%. This indicates that JNJ 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
| JNJ | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 16.25% | -10.78% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 27.73% | -15.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.94% | 33.20% | -16.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 35.47% | -18.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 32.82% | -14.34% |
Dividends
JNJ vs. SMH - Dividend Comparison
JNJ's dividend yield for the trailing twelve months is around 2.18%, more than SMH's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 2.18% | 2.48% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% |
SMH VanEck Semiconductor ETF | 0.18% | 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
JNJ and SMH have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (16.25%) compared to JNJ (5.47%). In terms of maximum drawdown, JNJ dropped -50.67% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (4.13 vs 3.42), 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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