SMH vs. LLY
SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while LLY (Eli Lilly and Company) is a stock. Over the past 10 years, SMH returned 36.02%/yr vs 33.36%/yr for LLY. At a 0.29 correlation, their price movements are largely independent.
Performance
SMH vs. LLY - Performance Comparison
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Returns By Period
In the year-to-date period, SMH achieves a 58.19% return, which is significantly higher than LLY's 5.64% return. Over the past 10 years, SMH has outperformed LLY with an annualized return of 36.02%, while LLY has yielded a comparatively lower 33.36% annualized return.
SMH
- 1D
- -9.22%
- 1M
- 3.63%
- YTD
- 58.19%
- 6M
- 56.81%
- 1Y
- 127.40%
- 3Y*
- 58.39%
- 5Y*
- 36.10%
- 10Y*
- 36.02%
LLY
- 1D
- 0.55%
- 1M
- 14.82%
- YTD
- 5.64%
- 6M
- 12.37%
- 1Y
- 48.81%
- 3Y*
- 37.66%
- 5Y*
- 42.48%
- 10Y*
- 33.36%
SMH vs. LLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 58.19% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
LLY Eli Lilly and Company | 5.64% | 40.25% | 33.30% | 60.91% | 34.26% | 66.08% | 31.04% | 16.14% | 40.45% | 17.83% |
Correlation
The correlation between SMH and LLY is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2000 | 0.29 |
Over the past year, the correlation between SMH and LLY has dropped to 0.05 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
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Return for Risk
SMH vs. LLY — Risk / Return Rank
SMH
LLY
SMH vs. LLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and Eli Lilly and Company (LLY). 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.
| SMH | LLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.25 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 8.58 | 2.07 | +6.51 |
| Martin ratioReturn relative to average drawdown | 32.42 | 5.16 | +27.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMH | LLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.00 | 1.29 | +2.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 1.30 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | 1.11 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.58 | -0.25 |
Drawdowns
SMH vs. LLY - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, which is greater than LLY's maximum drawdown of -68.24%. Use the drawdown chart below to compare losses from any high point for SMH and LLY.
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Drawdown Indicators
| SMH | LLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -68.24% | -16.72% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -23.64% | +8.71% |
Max Drawdown (3Y)Largest decline over 3 years | -35.74% | -34.48% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -45.30% | -34.48% | -10.82% |
Max Drawdown (10Y)Largest decline over 10 years | -45.30% | -34.48% | -10.82% |
Current DrawdownCurrent decline from peak | -10.69% | 0.00% | -10.69% |
Average DrawdownAverage peak-to-trough decline | -41.08% | -19.22% | -21.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 9.49% | -5.55% |
Volatility
SMH vs. LLY - Volatility Comparison
VanEck Semiconductor ETF (SMH) has a higher volatility of 14.88% compared to Eli Lilly and Company (LLY) at 9.72%. This indicates that SMH's price experiences larger fluctuations and is considered to be riskier than LLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH | LLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.88% | 9.72% | +5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 26.35% | 27.08% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.03% | 38.06% | -6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.24% | 32.83% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.70% | 30.17% | +2.53% |
Dividends
SMH vs. LLY - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.19%, less than LLY's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LLY Eli Lilly and Company | 0.57% | 0.56% | 0.67% | 0.78% | 1.07% | 1.23% | 1.75% | 1.96% | 1.94% | 2.46% | 2.77% | 2.37% |
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
SMH and LLY have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (14.88%) compared to LLY (9.72%). In terms of maximum drawdown, SMH dropped -84.96% vs LLY's -68.24%.
SMH currently has the higher Sharpe Ratio (4.00 vs 1.29), 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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