RDW vs. SMH
RDW (Redwire 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, RDW returned 33.64%/yr vs 53.38%/yr for SMH. At a 0.37 correlation, their price movements are largely independent.
Performance
RDW vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, RDW achieves a 11.18% return, which is significantly lower than SMH's 57.98% return.
RDW
- 1D
- -9.72%
- 1M
- -37.41%
- 6M
- -22.19%
- YTD
- 11.18%
- 1Y
- -51.71%
- 3Y*
- 33.64%
- 5Y*
- —
- 10Y*
- —
SMH
- 1D
- -3.70%
- 1M
- -7.64%
- 6M
- 43.52%
- YTD
- 57.98%
- 1Y
- 97.28%
- 3Y*
- 53.38%
- 5Y*
- 36.57%
- 10Y*
- 35.15%
RDW vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RDW Redwire Corporation | 11.18% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
SMH VanEck Semiconductor ETF | 57.98% | 49.17% | 39.10% | 73.38% | -33.53% | 14.80% |
Correlation
The correlation between RDW and SMH is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.37 |
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Return for Risk
RDW vs. SMH — Risk / Return Rank
RDW
SMH
RDW vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwire Corporation (RDW) 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.
| RDW | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.08 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.41 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 6.54 | -7.24 |
| Martin ratioReturn relative to average drawdown | -1.00 | 20.41 | -21.40 |
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Drawdowns
RDW vs. SMH - Drawdown Comparison
The maximum RDW drawdown since its inception was -87.26%, roughly equal to the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for RDW and SMH.
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Drawdown Indicators
| RDW | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.26% | -84.96% | -2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -73.93% | -14.95% | -58.98% |
Max Drawdown (3Y)Largest decline over 3 years | -80.28% | -35.74% | -44.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -67.37% | -14.95% | -52.42% |
Average DrawdownAverage peak-to-trough decline | -59.23% | -40.93% | -18.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.95% | 4.78% | +47.17% |
Volatility
RDW vs. SMH - Volatility Comparison
Redwire Corporation (RDW) has a higher volatility of 24.82% compared to VanEck Semiconductor ETF (SMH) at 17.01%. This indicates that RDW'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
| RDW | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.82% | 17.01% | +7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 91.58% | 31.61% | +59.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 118.36% | 36.97% | +81.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.72% | 36.21% | +60.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.72% | 33.16% | +63.56% |
Dividends
RDW vs. SMH - Dividend Comparison
RDW has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDW Redwire 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 | 0.19% | 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
RDW and SMH have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (24.82%) compared to SMH (17.01%). In terms of maximum drawdown, RDW dropped -87.26% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.65 vs -0.44), 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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