JPSWY vs. SMID
JPSWY (Japan Steel Works Ltd ADR) and SMID (Smith-Midland Corporation) are both stocks. JPSWY operates in Specialty Industrial Machinery (Industrials), while SMID operates in Building Materials (Basic Materials). Over the past 10 years, JPSWY returned 9.63%/yr vs 28.58%/yr for SMID. At a correlation of -0.01, they often move in opposite directions.
Performance
JPSWY vs. SMID - Performance Comparison
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Returns By Period
In the year-to-date period, JPSWY achieves a 0.64% return, which is significantly higher than SMID's -16.95% return. Over the past 10 years, JPSWY has underperformed SMID with an annualized return of 9.63%, while SMID has yielded a comparatively higher 28.58% annualized return.
JPSWY
- 1D
- 0.00%
- 1M
- 6.76%
- YTD
- 0.64%
- 6M
- -4.10%
- 1Y
- -9.17%
- 3Y*
- 34.04%
- 5Y*
- 14.90%
- 10Y*
- 9.63%
SMID
- 1D
- 3.89%
- 1M
- 2.48%
- YTD
- -16.95%
- 6M
- -12.75%
- 1Y
- -2.49%
- 3Y*
- 13.59%
- 5Y*
- 6.53%
- 10Y*
- 28.58%
JPSWY vs. SMID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPSWY Japan Steel Works Ltd ADR | 0.64% | 28.99% | 118.93% | -10.60% | -39.55% | 8.69% | 57.88% | 8.19% | -43.82% | 97.14% |
SMID Smith-Midland Corporation | -16.95% | -18.26% | 12.56% | 92.68% | -56.38% | 397.35% | 57.50% | -18.98% | 9.99% | 29.02% |
Correlation
The correlation between JPSWY and SMID is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | -0.01 |
Fundamentals
JPSWY:
¥132.50
SMID:
$3.54
JPSWY:
30.51
SMID:
8.53
JPSWY:
0.72
SMID:
0.04
JPSWY:
2.14
SMID:
1.14
JPSWY:
¥278.58B
SMID:
$93.45M
JPSWY:
¥65.14B
SMID:
$26.04M
JPSWY:
¥30.68B
SMID:
$19.01M
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Return for Risk
JPSWY vs. SMID — Risk / Return Rank
JPSWY
SMID
JPSWY vs. SMID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Japan Steel Works Ltd ADR (JPSWY) and Smith-Midland Corporation (SMID). 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.
| JPSWY | SMID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.04 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | -0.06 | -0.15 |
| Martin ratioReturn relative to average drawdown | -0.39 | -0.13 | -0.26 |
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Drawdowns
JPSWY vs. SMID - Drawdown Comparison
The maximum JPSWY drawdown since its inception was -89.35%, which is greater than SMID's maximum drawdown of -72.37%. Use the drawdown chart below to compare losses from any high point for JPSWY and SMID.
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Drawdown Indicators
| JPSWY | SMID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.35% | -72.37% | -16.98% |
Max Drawdown (1Y)Largest decline over 1 year | -44.10% | -39.29% | -4.81% |
Max Drawdown (3Y)Largest decline over 3 years | -44.10% | -48.85% | +4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -56.56% | -72.37% | +15.81% |
Max Drawdown (10Y)Largest decline over 10 years | -86.74% | -72.37% | -14.37% |
Current DrawdownCurrent decline from peak | -43.85% | -39.68% | -4.17% |
Average DrawdownAverage peak-to-trough decline | -59.41% | -27.56% | -31.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.68% | 19.43% | +4.25% |
Volatility
JPSWY vs. SMID - Volatility Comparison
Japan Steel Works Ltd ADR (JPSWY) has a higher volatility of 27.72% compared to Smith-Midland Corporation (SMID) at 22.53%. This indicates that JPSWY's price experiences larger fluctuations and is considered to be riskier than SMID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPSWY | SMID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.72% | 22.53% | +5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 65.78% | 42.59% | +23.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 94.45% | 55.64% | +38.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.43% | 65.15% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.04% | 54.52% | +48.52% |
Dividends
JPSWY vs. SMID - Dividend Comparison
Neither JPSWY nor SMID has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPSWY Japan Steel Works Ltd ADR | 0.00% | 0.66% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.35% | 11.31% | 1.06% |
SMID Smith-Midland Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.92% | 0.74% | 0.73% | 0.19% | 0.00% |
Financials
JPSWY vs. SMID - Financials Comparison
This section allows you to compare key financial metrics between Japan Steel Works Ltd ADR and Smith-Midland Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
JPSWY vs. SMID - Profitability Comparison
JPSWY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Japan Steel Works Ltd ADR reported a gross profit of 18.29B and revenue of 75.06B. Therefore, the gross margin over that period was 24.4%.
SMID - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Smith-Midland Corporation reported a gross profit of 5.52M and revenue of 23.11M. Therefore, the gross margin over that period was 23.9%.
JPSWY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Japan Steel Works Ltd ADR reported an operating income of 7.92B and revenue of 75.06B, resulting in an operating margin of 10.6%.
SMID - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Smith-Midland Corporation reported an operating income of 3.24M and revenue of 23.11M, resulting in an operating margin of 14.0%.
JPSWY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Japan Steel Works Ltd ADR reported a net income of 4.38B and revenue of 75.06B, resulting in a net margin of 5.8%.
SMID - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Smith-Midland Corporation reported a net income of 2.13M and revenue of 23.11M, resulting in a net margin of 9.2%.
Frequently Asked Questions
JPSWY and SMID have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPSWY has higher volatility (27.72%) compared to SMID (22.53%). In terms of maximum drawdown, JPSWY dropped -89.35% vs SMID's -72.37%.
SMID currently has the higher Sharpe Ratio (-0.04 vs -0.10), 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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