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QFIN vs. SMH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QFIN vs. SMH

Last updated Jun 4, 2026

QFIN (360 DigiTech, Inc.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 5 years, QFIN returned -10.51%/yr vs 39.21%/yr for SMH. At a 0.31 correlation, their price movements are largely independent.

Performance

QFIN vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 360 DigiTech, Inc. (QFIN) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QFIN achieves a -16.41% return, which is significantly lower than SMH's 77.13% return.

QFIN

1D
-8.21%
1M
13.60%
YTD
-16.41%
6M
-15.14%
1Y
-59.36%
3Y*
9.22%
5Y*
-10.51%
10Y*
—

SMH

1D
0.90%
1M
25.87%
YTD
77.13%
6M
75.61%
1Y
157.20%
3Y*
64.17%
5Y*
39.21%
10Y*
37.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QFIN vs. SMH - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
QFIN
360 DigiTech, Inc.		-16.41%-47.46%162.76%-16.28%-6.54%97.15%20.68%-36.99%-6.02%
SMH
VanEck Semiconductor ETF		77.13%49.17%39.10%73.38%-33.53%42.13%55.53%64.45%-1.88%

Correlation

The correlation between QFIN and SMH is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Dec 17, 2018

0.31

Compare stocks, funds, or ETFs

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

360 DigiTech, Inc.

VanEck Semiconductor ETF

Often compared with QFIN:
QFIN vs. FINVQFIN vs. FUTUQFIN vs. POETQFIN vs. GDOTQFIN vs. DIVQFIN vs. MSFTQFIN vs. SPY
Often compared with SMH:
SMH vs. SOXXSMH vs. QQQSMH vs. VGTSMH vs. FSELXSMH vs. SPYSMH vs. SMHXSMH vs. XLK

Return for Risk

QFIN vs. SMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QFIN
QFIN Risk / Return Rank: 77
Overall Rank
QFIN Sharpe Ratio Rank: 33
Sharpe Ratio Rank
QFIN Sortino Ratio Rank: 22
Sortino Ratio Rank
QFIN Omega Ratio Rank: 44
Omega Ratio Rank
QFIN Calmar Ratio Rank: 99
Calmar Ratio Rank
QFIN Martin Ratio Rank: 1616
Martin Ratio Rank
SMH
SMH Risk / Return Rank: 9696
Overall Rank
SMH Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
SMH Sortino Ratio Rank: 9595
Sortino Ratio Rank
SMH Omega Ratio Rank: 9595
Omega Ratio Rank
SMH Calmar Ratio Rank: 9797
Calmar Ratio Rank
SMH Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QFIN vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 360 DigiTech, Inc. (QFIN) 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.

QFINSMHDifference
Sharpe ratioReturn per unit of total volatility
-1.08
5.19

-6.27

Sortino ratioReturn per unit of downside risk
-1.98
5.22

-7.19

Omega ratioGain probability vs. loss probability

0.77

1.72

-0.96

Calmar ratioReturn relative to maximum drawdown

-0.82

10.59

-11.42

Martin ratioReturn relative to average drawdown

-1.14

40.63

-41.77

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QFIN vs. SMH - Sharpe Ratio Comparison

The current QFIN Sharpe Ratio is -1.08, which is lower than the SMH Sharpe Ratio of 5.19. The chart below compares the historical Sharpe Ratios of QFIN 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.

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Sharpe Ratios by Period

QFINSMHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.08

5.19

-6.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.16

1.13

-1.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.16

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.05

0.34

-0.29

Drawdowns

QFIN vs. SMH - Drawdown Comparison

The maximum QFIN drawdown since its inception was -76.74%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for QFIN and SMH.

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Drawdown Indicators

QFINSMHDifference

Max Drawdown

Largest peak-to-trough decline

-76.74%

-84.96%

+8.22%

Max Drawdown (1Y)

Largest decline over 1 year

-72.31%

-14.93%

-57.38%

Max Drawdown (3Y)

Largest decline over 3 years

-73.15%

-35.74%

-37.41%

Max Drawdown (5Y)

Largest decline over 5 years

-76.74%

-45.30%

-31.44%

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.30%

—

Current Drawdown

Current decline from peak

-64.97%

0.00%

-64.97%

Average Drawdown

Average peak-to-trough decline

-45.45%

-41.09%

-4.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

51.90%

3.89%

+48.01%

Volatility

QFIN vs. SMH - Volatility Comparison

360 DigiTech, Inc. (QFIN) has a higher volatility of 29.66% compared to VanEck Semiconductor ETF (SMH) at 11.47%. This indicates that QFIN'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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Volatility by Period

QFINSMHDifference

Volatility (1M)

Calculated over the trailing 1-month period

29.66%

11.47%

+18.19%

Volatility (6M)

Calculated over the trailing 6-month period

38.48%

24.29%

+14.19%

Volatility (1Y)

Calculated over the trailing 1-year period

54.87%

30.56%

+24.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

66.91%

35.01%

+31.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

72.14%

32.57%

+39.57%

Dividends

QFIN vs. SMH - Dividend Comparison

QFIN's dividend yield for the trailing twelve months is around 10.13%, more than SMH's 0.17% yield.

PositionTTM20252024202320222021202020192018201720162015
QFIN
360 DigiTech, Inc.		10.13%7.58%4.56%7.27%4.03%1.22%0.00%0.00%0.00%0.00%0.00%0.00%
SMH
VanEck Semiconductor ETF		0.17%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

QFIN and SMH have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QFIN has higher volatility (29.66%) compared to SMH (11.47%). In terms of maximum drawdown, QFIN dropped -76.74% vs SMH's -84.96%.

SMH currently has the higher Sharpe Ratio (5.19 vs -1.08), 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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