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SMCAY vs. SOXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SMCAY vs. SOXX

Last updated Jul 11, 2026
Documentation

SMCAY (SMC Corp Japan) is a stock, while SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index. Over the past 10 years, SMCAY returned 6.89%/yr vs 34.77%/yr for SOXX. At a 0.37 correlation, their price movements are largely independent.

Performance

SMCAY vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SMC Corp Japan (SMCAY) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SMCAY achieves a 36.13% return, which is significantly lower than SOXX's 93.25% return. Over the past 10 years, SMCAY has underperformed SOXX with an annualized return of 6.89%, while SOXX has yielded a comparatively higher 34.77% annualized return.

SMCAY

1D
4.63%
1M
13.36%
6M
24.48%
YTD
36.13%
1Y
39.16%
3Y*
-4.46%
5Y*
-4.74%
10Y*
6.89%

SOXX

1D
-0.06%
1M
-2.45%
6M
77.01%
YTD
93.25%
1Y
137.26%
3Y*
52.20%
5Y*
32.50%
10Y*
34.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SMCAY vs. SOXX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SMCAY
SMC Corp Japan		36.13%-10.14%-26.87%28.24%-38.56%10.67%33.54%54.20%-27.64%74.30%
SOXX
iShares Semiconductor ETF		93.25%40.74%12.92%67.12%-35.09%44.09%52.72%62.42%-6.49%39.79%

Correlation

The correlation between SMCAY and SOXX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.33

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

0.38

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

0.43

Correlation (10Y)
Calculated over the trailing 10-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Oct 18, 2013

0.37

The correlation between SMCAY and SOXX shifts across timeframes, from 0.33 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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SMC Corp Japan

iShares Semiconductor ETF

Often compared with SMCAY:
SMCAY vs. SAFRYSMCAY vs. SMTOY
Often compared with SOXX:
SOXX vs. SMHSOXX vs. QQQSOXX vs. SOXLSOXX vs. SOXQSOXX vs. FSELXSOXX vs. VGTSOXX vs. VOO

Return for Risk

SMCAY vs. SOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMCAY
SMCAY Risk / Return Rank: 7171
Overall Rank
SMCAY Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
SMCAY Sortino Ratio Rank: 7070
Sortino Ratio Rank
SMCAY Omega Ratio Rank: 6868
Omega Ratio Rank
SMCAY Calmar Ratio Rank: 7272
Calmar Ratio Rank
SMCAY Martin Ratio Rank: 7171
Martin Ratio Rank
SOXX
SOXX Risk / Return Rank: 9494
Overall Rank
SOXX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
SOXX Sortino Ratio Rank: 9090
Sortino Ratio Rank
SOXX Omega Ratio Rank: 9191
Omega Ratio Rank
SOXX Calmar Ratio Rank: 9797
Calmar Ratio Rank
SOXX 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.

SMCAY vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SMC Corp Japan (SMCAY) and iShares Semiconductor ETF (SOXX). 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.

SMCAYSOXXDifference
Sharpe ratioReturn per unit of total volatility
0.91
3.30

-2.39

Sortino ratioReturn per unit of downside risk
1.47
3.39

-1.93

Omega ratioGain probability vs. loss probability

1.18

1.48

-0.29

Calmar ratioReturn relative to maximum drawdown

1.36

8.73

-7.37

Martin ratioReturn relative to average drawdown

2.98

27.85

-24.87

SMCAY vs. SOXX - Sharpe Ratio Comparison

The current SMCAY Sharpe Ratio is 0.91, which is lower than the SOXX Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of SMCAY and SOXX, 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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Drawdowns

SMCAY vs. SOXX - Drawdown Comparison

The maximum SMCAY drawdown since its inception was -61.30%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for SMCAY and SOXX.

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Drawdown Indicators

SMCAYSOXXDifference

Max Drawdown

Largest peak-to-trough decline

-61.30%

-70.21%

+8.91%

Max Drawdown (1Y)

Largest decline over 1 year

-28.86%

-15.77%

-13.09%

Max Drawdown (3Y)

Largest decline over 3 years

-51.70%

-41.36%

-10.34%

Max Drawdown (5Y)

Largest decline over 5 years

-59.03%

-45.75%

-13.28%

Max Drawdown (10Y)

Largest decline over 10 years

-59.03%

-45.75%

-13.28%

Current Drawdown

Current decline from peak

-34.18%

-11.25%

-22.93%

Average Drawdown

Average peak-to-trough decline

-33.92%

-19.92%

-14.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.14%

4.93%

+8.21%

Volatility

SMCAY vs. SOXX - Volatility Comparison

The current volatility for SMC Corp Japan (SMCAY) is 15.17%, while iShares Semiconductor ETF (SOXX) has a volatility of 22.26%. This indicates that SMCAY experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SMCAYSOXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.17%

22.26%

-7.09%

Volatility (6M)

Calculated over the trailing 6-month period

34.45%

36.11%

-1.66%

Volatility (1Y)

Calculated over the trailing 1-year period

43.11%

41.72%

+1.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.67%

37.70%

-4.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.42%

34.22%

-0.80%

Dividends

SMCAY vs. SOXX - Dividend Comparison

SMCAY has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.25%.

PositionTTM20252024202320222021202020192018201720162015
SMCAY
SMC Corp Japan		0.00%1.00%0.86%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SOXX
iShares Semiconductor ETF		0.25%0.57%0.67%0.78%1.26%0.64%0.81%1.23%1.37%0.90%1.08%1.29%

Frequently Asked Questions

SMCAY and SOXX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SOXX has higher volatility (22.26%) compared to SMCAY (15.17%). In terms of maximum drawdown, SMCAY dropped -61.30% vs SOXX's -70.21%.

SOXX currently has the higher Sharpe Ratio (3.30 vs 0.91), 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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