MPTI vs. SMH

Last updated Jun 5, 2026

MPTI (M-tron Industries Inc) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 3 years, MPTI returned 107.32%/yr vs 63.96%/yr for SMH. At a 0.23 correlation, their price movements are largely independent.

Performance

MPTI vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in M-tron Industries Inc (MPTI) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MPTI having a 73.71% return and SMH slightly higher at 74.25%.

MPTI

• 1D: 1.67%
• 1M: 32.26%
• YTD: 73.71%
• 6M: 79.76%
• 1Y: 100.33%
• 3Y*: 107.32%
• 5Y*: —
• 10Y*: —

SMH

• 1D: -1.63%
• 1M: 20.06%
• YTD: 74.25%
• 6M: 74.08%
• 1Y: 150.04%
• 3Y*: 63.96%
• 5Y*: 38.76%
• 10Y*: 37.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MPTI vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MPTI M-tron Industries Inc	73.71%	31.87%	35.66%	308.00%	-33.21%
SMH VanEck Semiconductor ETF	74.25%	49.17%	39.10%	73.38%	7.03%

Correlation

The correlation between MPTI and SMH is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Oct 4, 2022	0.23

Return for Risk

MPTI vs. SMH — Risk / Return Rank

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

MPTI

MPTI Risk / Return Rank: 86
MPTI Sharpe Ratio Rank: 86
MPTI Sortino Ratio Rank: 83
MPTI Omega Ratio Rank: 81
MPTI Calmar Ratio Rank: 89
MPTI Martin Ratio Rank: 89

SMH

SMH Risk / Return Rank: 96
SMH Sharpe Ratio Rank: 97
SMH Sortino Ratio Rank: 95
SMH Omega Ratio Rank: 94
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MPTI vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for M-tron Industries Inc (MPTI) 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.

	MPTI	SMH	Difference
Sharpe ratio: Return per unit of total volatility	1.83	4.94	-3.11
Sortino ratio: Return per unit of downside risk	2.48	5.05	-2.57
Omega ratio: Gain probability vs. loss probability	1.31	1.69	-0.38
Calmar ratio: Return relative to maximum drawdown	4.36	10.11	-5.75
Martin ratio: Return relative to average drawdown	11.37	38.76	-27.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MPTI vs. SMH - Sharpe Ratio Comparison

The current MPTI Sharpe Ratio is 1.83, which is lower than the SMH Sharpe Ratio of 4.94. The chart below compares the historical Sharpe Ratios of MPTI and SMH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MPTI	SMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	4.94	-3.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.34	+0.79

Drawdowns

MPTI vs. SMH - Drawdown Comparison

The maximum MPTI drawdown since its inception was -49.99%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for MPTI and SMH.

Drawdown Indicators

	MPTI	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-49.99%	-84.96%	+34.97%
Max Drawdown (1Y) Largest decline over 1 year	-23.16%	-14.93%	-8.23%
Max Drawdown (3Y) Largest decline over 3 years	-49.99%	-35.74%	-14.25%
Max Drawdown (5Y) Largest decline over 5 years	—	-45.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.30%	—
Current Drawdown Current decline from peak	0.00%	-1.63%	+1.63%
Average Drawdown Average peak-to-trough decline	-18.90%	-41.08%	+22.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.86%	3.89%	+4.97%

Volatility

MPTI vs. SMH - Volatility Comparison

M-tron Industries Inc (MPTI) has a higher volatility of 13.83% compared to VanEck Semiconductor ETF (SMH) at 11.58%. This indicates that MPTI'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.

Volatility by Period

	MPTI	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.83%	11.58%	+2.25%
Volatility (6M) Calculated over the trailing 6-month period	39.87%	24.35%	+15.52%
Volatility (1Y) Calculated over the trailing 1-year period	55.17%	30.57%	+24.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.57%	35.01%	+35.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.57%	32.57%	+38.00%

Dividends

MPTI vs. SMH - Dividend Comparison

MPTI has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.18%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPTI M-tron Industries Inc	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 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

Can I hold both MPTI and SMH in my portfolio?

MPTI and SMH have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPTI or SMH?

MPTI has higher volatility (13.83%) compared to SMH (11.58%). In terms of maximum drawdown, MPTI dropped -49.99% vs SMH's -84.96%.

Which has better risk-adjusted returns?

SMH currently has the higher Sharpe Ratio (4.94 vs 1.83), 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.