MCHP vs. SMH
Compare and contrast key facts about Microchip Technology Incorporated (MCHP) 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: MCHP or SMH.
Performance
MCHP vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, MCHP achieves a -27.81% return, which is significantly lower than SMH's 37.22% return. Over the past 10 years, MCHP has underperformed SMH with an annualized return of 13.61%, while SMH has yielded a comparatively higher 28.12% annualized return.
MCHP
-27.81%
-17.13%
-31.36%
-21.66%
8.46%
13.61%
SMH
37.22%
-2.98%
4.21%
49.18%
32.05%
28.12%
Key characteristics
| MCHP | SMH | |
|---|---|---|
| Sharpe Ratio | -0.57 | 1.44 |
| Sortino Ratio | -0.61 | 1.95 |
| Omega Ratio | 0.93 | 1.26 |
| Calmar Ratio | -0.56 | 2.00 |
| Martin Ratio | -1.46 | 5.45 |
| Ulcer Index | 13.95% | 9.13% |
| Daily Std Dev | 35.92% | 34.45% |
| Max Drawdown | -62.53% | -95.73% |
| Current Drawdown | -35.23% | -14.69% |
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Correlation
The correlation between MCHP and SMH is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
MCHP vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Microchip Technology Incorporated (MCHP) 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
MCHP vs. SMH - Dividend Comparison
MCHP's dividend yield for the trailing twelve months is around 2.80%, more than SMH's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHP Microchip Technology Incorporated | 2.80% | 1.76% | 1.65% | 0.98% | 1.07% | 1.40% | 2.02% | 1.65% | 2.24% | 3.08% | 3.16% | 3.16% |
SMH VanEck Vectors Semiconductor ETF | 0.43% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
MCHP vs. SMH - Drawdown Comparison
The maximum MCHP drawdown since its inception was -62.53%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for MCHP and SMH. For additional features, visit the drawdowns tool.
Volatility
MCHP vs. SMH - Volatility Comparison
Microchip Technology Incorporated (MCHP) has a higher volatility of 10.14% compared to VanEck Vectors Semiconductor ETF (SMH) at 8.20%. This indicates that MCHP'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.