OPCH vs. SMH
OPCH (Option Care Health, Inc.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, OPCH returned 8.34%/yr vs 33.99%/yr for SMH. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
OPCH vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, OPCH achieves a -25.61% return, which is significantly lower than SMH's 51.46% return. Over the past 10 years, OPCH has underperformed SMH with an annualized return of 8.34%, while SMH has yielded a comparatively higher 33.99% annualized return.
OPCH
- 1D
- 2.91%
- 1M
- 8.22%
- 6M
- -31.52%
- YTD
- -25.61%
- 1Y
- -16.14%
- 3Y*
- -10.79%
- 5Y*
- 3.10%
- 10Y*
- 8.34%
- ALL TIME*
- -2.71%
SMH
- 1D
- 0.91%
- 1M
- -7.91%
- 6M
- 33.70%
- YTD
- 51.46%
- 1Y
- 92.69%
- 3Y*
- 53.04%
- 5Y*
- 32.99%
- 10Y*
- 33.99%
- ALL TIME*
- 11.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $67.33M | $55.79M | $65.76M | |
| $8.29B | $7.23B | $7.12B |
OPCH vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPCH Option Care Health, Inc. | -25.61% | 37.33% | -31.14% | 11.96% | 5.80% | 81.84% | 4.83% | 4.48% | 22.68% | 179.81% |
SMH VanEck Semiconductor ETF | 51.46% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Correlation
The correlation between OPCH and SMH is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2000 | 0.22 |
The correlation between OPCH and SMH shifts across timeframes, from -0.04 (1 year) to 0.24 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
OPCH vs. SMH — Risk / Return Rank
OPCH
SMH
OPCH vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Option Care Health, Inc. (OPCH) 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.
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.
| OPCH | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.37 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 3.79 | -4.13 |
| Martin ratioReturn relative to average drawdown | -0.69 | 15.18 | -15.88 |
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Drawdowns
OPCH vs. SMH - Drawdown Comparison
The maximum OPCH drawdown since its inception was -95.83%, which is greater than SMH's maximum drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for OPCH and SMH.
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Drawdown Indicators
| OPCH | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.83% | -84.96% | -10.87% |
Max Drawdown (1Y)Largest decline over 1 year | -46.65% | -24.62% | -22.03% |
Max Drawdown (3Y)Largest decline over 3 years | -46.65% | -35.74% | -10.91% |
Max Drawdown (5Y)Largest decline over 5 years | -46.65% | -45.30% | -1.35% |
Max Drawdown (10Y)Largest decline over 10 years | -69.37% | -45.30% | -24.07% |
Current DrawdownCurrent decline from peak | -73.67% | -18.46% | -55.21% |
Average DrawdownAverage peak-to-trough decline | -72.15% | -40.89% | -31.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.42% | 6.13% | +17.29% |
Volatility
OPCH vs. SMH - Volatility Comparison
The current volatility for Option Care Health, Inc. (OPCH) is 12.11%, while VanEck Semiconductor ETF (SMH) has a volatility of 14.15%. This indicates that OPCH 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.
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Volatility by Period
| OPCH | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 14.15% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 38.33% | 32.94% | +5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.11% | 38.50% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.17% | 36.51% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.16% | 33.33% | +21.83% |
Dividends
OPCH vs. SMH - Dividend Comparison
OPCH has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPCH Option Care Health, 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 | 0.20% | 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
OPCH and SMH have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (14.15%) compared to OPCH (12.11%). In terms of maximum drawdown, OPCH dropped -95.83% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.43 vs -0.39), 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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