QNTM vs. SMHX
QNTM (Quantum BioPharma Ltd) is a stock, while SMHX (VanEck Fabless Semiconductor ETF) is Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. Over the past year, QNTM returned -83.27% vs 113.51% for SMHX. At a 0.15 correlation, their price movements are largely independent.
Performance
QNTM vs. SMHX - Performance Comparison
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Returns By Period
In the year-to-date period, QNTM achieves a -47.26% return, which is significantly lower than SMHX's 64.32% return.
QNTM
- 1D
- 5.19%
- 1M
- -58.33%
- YTD
- -47.26%
- 6M
- -59.30%
- 1Y
- -83.27%
- 3Y*
- -64.46%
- 5Y*
- -49.48%
- 10Y*
- —
SMHX
- 1D
- -5.60%
- 1M
- 3.65%
- YTD
- 64.32%
- 6M
- 61.18%
- 1Y
- 113.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QNTM vs. SMHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QNTM Quantum BioPharma Ltd | -47.26% | 98.37% | -16.36% |
SMHX VanEck Fabless Semiconductor ETF | 64.32% | 30.00% | 15.56% |
Correlation
The correlation between QNTM and SMHX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024 | 0.15 |
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Return for Risk
QNTM vs. SMHX — Risk / Return Rank
QNTM
SMHX
QNTM vs. SMHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quantum BioPharma Ltd (QNTM) and VanEck Fabless Semiconductor ETF (SMHX). 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.
| QNTM | SMHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.66 | ||
| Sortino ratioReturn per unit of downside risk | -4.19 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.46 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 6.69 | -7.59 |
| Martin ratioReturn relative to average drawdown | -1.22 | 17.96 | -19.18 |
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Drawdowns
QNTM vs. SMHX - Drawdown Comparison
The maximum QNTM drawdown since its inception was -99.98%, which is greater than SMHX's maximum drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for QNTM and SMHX.
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Drawdown Indicators
| QNTM | SMHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -38.53% | -61.45% |
Max Drawdown (1Y)Largest decline over 1 year | -92.81% | -17.06% | -75.75% |
Max Drawdown (3Y)Largest decline over 3 years | -97.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -98.42% | — | — |
Current DrawdownCurrent decline from peak | -99.96% | -7.91% | -92.05% |
Average DrawdownAverage peak-to-trough decline | -92.23% | -7.34% | -84.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.15% | 6.34% | +61.81% |
Volatility
QNTM vs. SMHX - Volatility Comparison
Quantum BioPharma Ltd (QNTM) has a higher volatility of 45.52% compared to VanEck Fabless Semiconductor ETF (SMHX) at 19.93%. This indicates that QNTM's price experiences larger fluctuations and is considered to be riskier than SMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QNTM | SMHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 45.52% | 19.93% | +25.59% |
Volatility (6M)Calculated over the trailing 6-month period | 110.50% | 29.76% | +80.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 154.68% | 36.70% | +117.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 134.20% | 41.48% | +92.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.35% | 41.48% | +98.87% |
Dividends
QNTM vs. SMHX - Dividend Comparison
QNTM has not paid dividends to shareholders, while SMHX's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QNTM Quantum BioPharma Ltd | 0.00% | 0.00% | 0.00% |
SMHX VanEck Fabless Semiconductor ETF | 0.01% | 0.02% | 0.04% |
Frequently Asked Questions
QNTM and SMHX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QNTM has higher volatility (45.52%) compared to SMHX (19.93%). In terms of maximum drawdown, QNTM dropped -99.98% vs SMHX's -38.53%.
SMHX currently has the higher Sharpe Ratio (3.11 vs -0.55), 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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