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KREF vs. SMH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between KREF and SMH is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.5

Performance

KREF vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KKR Real Estate Finance Trust Inc. (KREF) and VanEck Vectors Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%500.00%600.00%NovemberDecember2025FebruaryMarchApril
-12.57%
469.57%
KREF
SMH

Key characteristics

Sharpe Ratio

KREF:

-0.08

SMH:

0.06

Sortino Ratio

KREF:

0.13

SMH:

0.38

Omega Ratio

KREF:

1.02

SMH:

1.05

Calmar Ratio

KREF:

-0.05

SMH:

0.07

Martin Ratio

KREF:

-0.24

SMH:

0.17

Ulcer Index

KREF:

10.45%

SMH:

14.52%

Daily Std Dev

KREF:

32.11%

SMH:

43.08%

Max Drawdown

KREF:

-55.29%

SMH:

-83.29%

Current Drawdown

KREF:

-42.98%

SMH:

-24.30%

Returns By Period

In the year-to-date period, KREF achieves a -10.02% return, which is significantly higher than SMH's -12.47% return.


KREF

YTD

-10.02%

1M

-18.93%

6M

-20.30%

1Y

2.24%

5Y*

1.04%

10Y*

N/A

SMH

YTD

-12.47%

1M

-4.52%

6M

-15.83%

1Y

0.33%

5Y*

27.24%

10Y*

23.77%

*Annualized

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Risk-Adjusted Performance

KREF vs. SMH — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KREF
The Risk-Adjusted Performance Rank of KREF is 4545
Overall Rank
The Sharpe Ratio Rank of KREF is 4848
Sharpe Ratio Rank
The Sortino Ratio Rank of KREF is 4040
Sortino Ratio Rank
The Omega Ratio Rank of KREF is 4141
Omega Ratio Rank
The Calmar Ratio Rank of KREF is 4949
Calmar Ratio Rank
The Martin Ratio Rank of KREF is 4848
Martin Ratio Rank

SMH
The Risk-Adjusted Performance Rank of SMH is 2626
Overall Rank
The Sharpe Ratio Rank of SMH is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of SMH is 3131
Sortino Ratio Rank
The Omega Ratio Rank of SMH is 3030
Omega Ratio Rank
The Calmar Ratio Rank of SMH is 2424
Calmar Ratio Rank
The Martin Ratio Rank of SMH is 2222
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

KREF vs. SMH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for KKR Real Estate Finance Trust Inc. (KREF) 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.


The chart of Sharpe ratio for KREF, currently valued at -0.08, compared to the broader market-2.00-1.000.001.002.003.00
KREF: -0.08
SMH: 0.06
The chart of Sortino ratio for KREF, currently valued at 0.13, compared to the broader market-6.00-4.00-2.000.002.004.00
KREF: 0.13
SMH: 0.38
The chart of Omega ratio for KREF, currently valued at 1.02, compared to the broader market0.501.001.502.00
KREF: 1.02
SMH: 1.05
The chart of Calmar ratio for KREF, currently valued at -0.05, compared to the broader market0.001.002.003.004.005.00
KREF: -0.05
SMH: 0.07
The chart of Martin ratio for KREF, currently valued at -0.24, compared to the broader market-5.000.005.0010.0015.0020.00
KREF: -0.24
SMH: 0.17

The current KREF Sharpe Ratio is -0.08, which is lower than the SMH Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of KREF and SMH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.08
0.06
KREF
SMH

Dividends

KREF vs. SMH - Dividend Comparison

KREF's dividend yield for the trailing twelve months is around 11.26%, more than SMH's 0.51% yield.


TTM20242023202220212020201920182017201620152014
KREF
KKR Real Estate Finance Trust Inc.
11.26%9.90%13.00%12.32%9.53%9.60%8.42%8.83%4.95%0.00%0.00%0.00%
SMH
VanEck Vectors Semiconductor ETF
0.51%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%1.16%

Drawdowns

KREF vs. SMH - Drawdown Comparison

The maximum KREF drawdown since its inception was -55.29%, smaller than the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for KREF and SMH. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-42.98%
-24.30%
KREF
SMH

Volatility

KREF vs. SMH - Volatility Comparison

The current volatility for KKR Real Estate Finance Trust Inc. (KREF) is 15.25%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 23.93%. This indicates that KREF 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.


5.00%10.00%15.00%20.00%25.00%NovemberDecember2025FebruaryMarchApril
15.25%
23.93%
KREF
SMH