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

Correlation

The correlation between PRAX and SMH is 0.27, 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

PRAX vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Praxis Precision Medicines, Inc. (PRAX) and VanEck Vectors Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PRAX:

-0.21

SMH:

-0.00

Sortino Ratio

PRAX:

0.33

SMH:

0.32

Omega Ratio

PRAX:

1.05

SMH:

1.04

Calmar Ratio

PRAX:

-0.13

SMH:

0.01

Martin Ratio

PRAX:

-0.41

SMH:

0.02

Ulcer Index

PRAX:

31.47%

SMH:

15.50%

Daily Std Dev

PRAX:

79.06%

SMH:

43.26%

Max Drawdown

PRAX:

-98.66%

SMH:

-83.29%

Current Drawdown

PRAX:

-95.74%

SMH:

-12.84%

Returns By Period

In the year-to-date period, PRAX achieves a -50.04% return, which is significantly lower than SMH's 0.79% return.


PRAX

YTD

-50.04%

1M

3.36%

6M

-51.60%

1Y

-16.63%

3Y*

-32.70%

5Y*

N/A

10Y*

N/A

SMH

YTD

0.79%

1M

16.07%

6M

2.90%

1Y

-0.20%

3Y*

26.65%

5Y*

29.06%

10Y*

24.79%

*Annualized

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Praxis Precision Medicines, Inc.

VanEck Vectors Semiconductor ETF

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

PRAX vs. SMH — Risk-Adjusted Performance Rank

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

PRAX
The Risk-Adjusted Performance Rank of PRAX is 4343
Overall Rank
The Sharpe Ratio Rank of PRAX is 3939
Sharpe Ratio Rank
The Sortino Ratio Rank of PRAX is 4545
Sortino Ratio Rank
The Omega Ratio Rank of PRAX is 4747
Omega Ratio Rank
The Calmar Ratio Rank of PRAX is 4242
Calmar Ratio Rank
The Martin Ratio Rank of PRAX is 4242
Martin Ratio Rank

SMH
The Risk-Adjusted Performance Rank of SMH is 1717
Overall Rank
The Sharpe Ratio Rank of SMH is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of SMH is 2020
Sortino Ratio Rank
The Omega Ratio Rank of SMH is 2020
Omega Ratio Rank
The Calmar Ratio Rank of SMH is 1515
Calmar Ratio Rank
The Martin Ratio Rank of SMH is 1515
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PRAX vs. SMH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Praxis Precision Medicines, Inc. (PRAX) 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.


The current PRAX Sharpe Ratio is -0.21, which is lower than the SMH Sharpe Ratio of -0.00. The chart below compares the historical Sharpe Ratios of PRAX 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.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

PRAX vs. SMH - Dividend Comparison

PRAX has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.44%.


TTM20242023202220212020201920182017201620152014
PRAX
Praxis Precision Medicines, 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 Vectors Semiconductor ETF
0.44%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%1.16%

Drawdowns

PRAX vs. SMH - Drawdown Comparison

The maximum PRAX drawdown since its inception was -98.66%, which is greater than SMH's maximum drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for PRAX and SMH.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

PRAX vs. SMH - Volatility Comparison

Praxis Precision Medicines, Inc. (PRAX) has a higher volatility of 18.61% compared to VanEck Vectors Semiconductor ETF (SMH) at 8.70%. This indicates that PRAX'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.


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