SMH vs. EOSE
SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while EOSE (Eos Energy Enterprises Inc) is a stock. Over the past 5 years, SMH returned 38.42%/yr vs -21.15%/yr for EOSE. At a 0.32 correlation, their price movements are largely independent.
Performance
SMH vs. EOSE - Performance Comparison
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Returns By Period
In the year-to-date period, SMH achieves a 72.15% return, which is significantly higher than EOSE's -47.12% return.
SMH
- 1D
- 1.72%
- 1M
- 8.30%
- YTD
- 72.15%
- 6M
- 75.62%
- 1Y
- 136.32%
- 3Y*
- 60.05%
- 5Y*
- 38.42%
- 10Y*
- 37.49%
EOSE
- 1D
- -2.26%
- 1M
- -26.81%
- YTD
- -47.12%
- 6M
- -59.16%
- 1Y
- 45.67%
- 3Y*
- 23.72%
- 5Y*
- -21.15%
- 10Y*
- —
SMH vs. EOSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 72.15% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 53.17% |
EOSE Eos Energy Enterprises Inc | -47.12% | 135.80% | 345.87% | -26.35% | -80.32% | -63.92% | 112.65% |
Correlation
The correlation between SMH and EOSE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.32 |
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Return for Risk
SMH vs. EOSE — Risk / Return Rank
SMH
EOSE
SMH vs. EOSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and Eos Energy Enterprises Inc (EOSE). 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.
| SMH | EOSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.17 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 9.18 | 0.60 | +8.59 |
| Martin ratioReturn relative to average drawdown | 33.74 | 1.16 | +32.58 |
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Drawdowns
SMH vs. EOSE - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, smaller than the maximum EOSE drawdown of -97.88%. Use the drawdown chart below to compare losses from any high point for SMH and EOSE.
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Drawdown Indicators
| SMH | EOSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -97.88% | +12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -77.10% | +62.17% |
Max Drawdown (3Y)Largest decline over 3 years | -35.74% | -87.18% | +51.44% |
Max Drawdown (5Y)Largest decline over 5 years | -45.30% | -96.77% | +51.47% |
Max Drawdown (10Y)Largest decline over 10 years | -45.30% | — | — |
Current DrawdownCurrent decline from peak | -2.81% | -80.09% | +77.28% |
Average DrawdownAverage peak-to-trough decline | -41.04% | -72.37% | +31.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 39.66% | -35.60% |
Volatility
SMH vs. EOSE - Volatility Comparison
The current volatility for VanEck Semiconductor ETF (SMH) is 16.25%, while Eos Energy Enterprises Inc (EOSE) has a volatility of 31.08%. This indicates that SMH experiences smaller price fluctuations and is considered to be less risky than EOSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH | EOSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.25% | 31.08% | -14.83% |
Volatility (6M)Calculated over the trailing 6-month period | 27.73% | 91.90% | -64.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.20% | 115.13% | -81.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.47% | 117.06% | -81.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.82% | 112.92% | -80.10% |
Dividends
SMH vs. EOSE - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.18%, while EOSE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EOSE Eos Energy Enterprises Inc | 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 | 0.18% | 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
SMH and EOSE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EOSE has higher volatility (31.08%) compared to SMH (16.25%). In terms of maximum drawdown, SMH dropped -84.96% vs EOSE's -97.88%.
SMH currently has the higher Sharpe Ratio (4.13 vs 0.40), 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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