PRCT vs. SMH

Last updated Aug 1, 2026

PRCT (PROCEPT BioRobotics Corporation) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 3 years, PRCT returned -18.12%/yr vs 50.56%/yr for SMH. Their 0.24 correlation means their historical movements had little consistent relationship.

Performance

PRCT vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PROCEPT BioRobotics Corporation (PRCT) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRCT achieves a -40.81% return, which is significantly lower than SMH's 50.09% return.

PRCT

• 1D: 3.44%
• 1M: -11.46%
• 6M: -35.70%
• YTD: -40.81%
• 1Y: -62.73%
• 3Y*: -18.12%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -12.15%

SMH

• 1D: 0.30%
• 1M: -8.74%
• 6M: 33.97%
• YTD: 50.09%
• 1Y: 90.95%
• 3Y*: 50.56%
• 5Y*: 33.46%
• 10Y*: 34.16%
• ALL TIME*: 11.06%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PRCT PROCEPT BioRobotics Corporation	$23.55M	$28.81M	$36.39M
SMH VanEck Semiconductor ETF	$8.28B	$7.64B	$7.07B

PRCT vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PRCT PROCEPT BioRobotics Corporation	-40.81%	-60.93%	92.13%	0.89%	66.09%	-28.54%
SMH VanEck Semiconductor ETF	50.09%	49.17%	39.10%	73.38%	-33.53%	13.09%

Correlation

The correlation between PRCT and SMH is 0.05, 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.	0.05
Correlation (3Y) Balances recent behavior with more history.	0.19
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021	0.25

The correlation between PRCT and SMH shifts across timeframes, from 0.05 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PRCT vs. SMH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PRCT

PRCT Risk / Return Rank: 6
PRCT Sharpe Ratio Rank: 5
PRCT Sortino Ratio Rank: 5
PRCT Omega Ratio Rank: 7
PRCT Calmar Ratio Rank: 6
PRCT Martin Ratio Rank: 7

SMH

SMH Risk / Return Rank: 87
SMH Sharpe Ratio Rank: 91
SMH Sortino Ratio Rank: 83
SMH Omega Ratio Rank: 84
SMH Calmar Ratio Rank: 88
SMH Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PRCT vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PROCEPT BioRobotics Corporation (PRCT) 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.

	PRCT	SMH	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	2.29	-3.27
Sortino ratio: Return per unit of downside risk	-1.63	2.70	-4.33
Omega ratio: Gain probability vs. loss probability	0.82	1.36	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.93	3.58	-4.51
Martin ratio: Return relative to average drawdown	-1.46	14.64	-16.10

PRCT vs. SMH - Sharpe Ratio Comparison

The current PRCT Sharpe Ratio is -0.98, which is lower than the SMH Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of PRCT 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.

Drawdowns

PRCT vs. SMH - Drawdown Comparison

The maximum PRCT drawdown since its inception was -83.22%, roughly equal to the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for PRCT and SMH.

Drawdown Indicators

	PRCT	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-83.22%	-84.96%	+1.74%
Max Drawdown (1Y) Largest decline over 1 year	-66.59%	-24.62%	-41.97%
Max Drawdown (3Y) Largest decline over 3 years	-83.22%	-35.74%	-47.48%
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	-81.28%	-19.19%	-62.09%
Average Drawdown Average peak-to-trough decline	-33.17%	-40.89%	+7.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.20%	6.01%	+36.19%

Volatility

PRCT vs. SMH - Volatility Comparison

PROCEPT BioRobotics Corporation (PRCT) has a higher volatility of 19.68% compared to VanEck Semiconductor ETF (SMH) at 14.70%. This indicates that PRCT'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

	PRCT	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.68%	14.70%	+4.98%
Volatility (6M) Calculated over the trailing 6-month period	49.70%	33.13%	+16.57%
Volatility (1Y) Calculated over the trailing 1-year period	63.51%	38.57%	+24.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.49%	36.50%	+28.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.49%	33.32%	+32.17%

Dividends

PRCT vs. SMH - Dividend Comparison

PRCT 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
PRCT PROCEPT BioRobotics Corporation	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

Can I hold both PRCT and SMH in my portfolio?

PRCT and SMH have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRCT or SMH?

PRCT has higher volatility (19.68%) compared to SMH (14.70%). In terms of maximum drawdown, PRCT dropped -83.22% vs SMH's -84.96%.

Which has better risk-adjusted returns?

SMH currently has the higher Sharpe Ratio (2.29 vs -0.98), 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.