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

Correlation

The correlation between PBFDX and SMH is 0.73, 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.


-0.50.00.51.00.7

Performance

PBFDX vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Payson Total Return Fund (PBFDX) and VanEck Vectors Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

-15.00%-10.00%-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
-2.31%
-2.56%
PBFDX
SMH

Key characteristics

Sharpe Ratio

PBFDX:

0.73

SMH:

1.26

Sortino Ratio

PBFDX:

1.01

SMH:

1.77

Omega Ratio

PBFDX:

1.16

SMH:

1.23

Calmar Ratio

PBFDX:

1.10

SMH:

1.77

Martin Ratio

PBFDX:

3.98

SMH:

4.40

Ulcer Index

PBFDX:

3.08%

SMH:

9.97%

Daily Std Dev

PBFDX:

16.70%

SMH:

34.91%

Max Drawdown

PBFDX:

-56.40%

SMH:

-95.73%

Current Drawdown

PBFDX:

-9.26%

SMH:

-11.39%

Returns By Period

In the year-to-date period, PBFDX achieves a 12.10% return, which is significantly lower than SMH's 42.52% return. Over the past 10 years, PBFDX has underperformed SMH with an annualized return of 8.48%, while SMH has yielded a comparatively higher 27.69% annualized return.


PBFDX

YTD

12.10%

1M

-6.52%

6M

-2.31%

1Y

12.01%

5Y*

8.34%

10Y*

8.48%

SMH

YTD

42.52%

1M

1.88%

6M

-2.56%

1Y

43.83%

5Y*

29.94%

10Y*

27.69%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PBFDX vs. SMH - Expense Ratio Comparison

PBFDX has a 0.82% expense ratio, which is higher than SMH's 0.35% expense ratio.


PBFDX
Payson Total Return Fund
Expense ratio chart for PBFDX: current value at 0.82% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.82%
Expense ratio chart for SMH: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

PBFDX vs. SMH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Payson Total Return Fund (PBFDX) 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.


Sharpe ratio
The chart of Sharpe ratio for PBFDX, currently valued at 0.73, compared to the broader market-1.000.001.002.003.004.000.731.26
The chart of Sortino ratio for PBFDX, currently valued at 1.01, compared to the broader market-2.000.002.004.006.008.0010.001.011.77
The chart of Omega ratio for PBFDX, currently valued at 1.16, compared to the broader market0.501.001.502.002.503.003.501.161.23
The chart of Calmar ratio for PBFDX, currently valued at 1.10, compared to the broader market0.002.004.006.008.0010.0012.0014.001.101.77
The chart of Martin ratio for PBFDX, currently valued at 3.98, compared to the broader market0.0020.0040.0060.003.984.40
PBFDX
SMH

The current PBFDX Sharpe Ratio is 0.73, which is lower than the SMH Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of PBFDX 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 Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.73
1.26
PBFDX
SMH

Dividends

PBFDX vs. SMH - Dividend Comparison

PBFDX's dividend yield for the trailing twelve months is around 0.43%, while SMH has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
PBFDX
Payson Total Return Fund
0.43%0.76%1.05%0.47%0.69%0.61%0.67%0.82%1.44%1.14%2.44%1.28%
SMH
VanEck Vectors Semiconductor ETF
0.00%0.60%2.37%1.02%1.38%6.00%3.75%2.85%1.61%4.28%2.31%3.11%

Drawdowns

PBFDX vs. SMH - Drawdown Comparison

The maximum PBFDX drawdown since its inception was -56.40%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for PBFDX and SMH. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-9.26%
-11.39%
PBFDX
SMH

Volatility

PBFDX vs. SMH - Volatility Comparison

Payson Total Return Fund (PBFDX) has a higher volatility of 9.49% compared to VanEck Vectors Semiconductor ETF (SMH) at 8.15%. This indicates that PBFDX'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.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
9.49%
8.15%
PBFDX
SMH
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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