NVMI vs. SMH
Compare and contrast key facts about Nova Ltd (NVMI) 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: NVMI or SMH.
Key characteristics
| NVMI | SMH | |
|---|---|---|
| YTD Return | 47.14% | 33.76% |
| 1Y Return | 110.57% | 86.62% |
| 3Y Return (Ann) | 31.59% | 27.80% |
| 5Y Return (Ann) | 50.34% | 37.94% |
| 10Y Return (Ann) | 34.52% | 29.94% |
| Sharpe Ratio | 3.21 | 3.03 |
| Daily Std Dev | 34.27% | 28.58% |
| Max Drawdown | -98.22% | -95.73% |
| Current Drawdown | 0.00% | -0.12% |
Correlation
The correlation between NVMI and SMH is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NVMI vs. SMH - Performance Comparison
In the year-to-date period, NVMI achieves a 47.14% return, which is significantly higher than SMH's 33.76% return. Over the past 10 years, NVMI has outperformed SMH with an annualized return of 34.52%, while SMH has yielded a comparatively lower 29.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NVMI vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nova Ltd (NVMI) 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
NVMI vs. SMH - Dividend Comparison
NVMI has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.45%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVMI Nova Ltd | 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 Vectors Semiconductor ETF | 0.45% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
NVMI vs. SMH - Drawdown Comparison
The maximum NVMI drawdown since its inception was -98.22%, roughly equal to the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for NVMI and SMH. For additional features, visit the drawdowns tool.
Volatility
NVMI vs. SMH - Volatility Comparison
Nova Ltd (NVMI) has a higher volatility of 12.76% compared to VanEck Vectors Semiconductor ETF (SMH) at 10.02%. This indicates that NVMI'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.