SMH vs. PRZO
SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while PRZO (ParaZero Technologies Ltd. Ordinary Shares) is a stock. Over the past year, SMH returned 136.32% vs -49.14% for PRZO. At a 0.13 correlation, their price movements are largely independent.
Performance
SMH vs. PRZO - 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 PRZO's -26.98% 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%
PRZO
- 1D
- -3.06%
- 1M
- 7.50%
- YTD
- -26.98%
- 6M
- -52.77%
- 1Y
- -49.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH vs. PRZO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 72.15% | 49.17% | 39.10% | 13.73% |
PRZO ParaZero Technologies Ltd. Ordinary Shares | -26.98% | -59.85% | 185.59% | -82.62% |
Correlation
The correlation between SMH and PRZO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023 | 0.13 |
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Return for Risk
SMH vs. PRZO — Risk / Return Rank
SMH
PRZO
SMH vs. PRZO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and ParaZero Technologies Ltd. Ordinary Shares (PRZO). 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 | PRZO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.55 | ||
| Sortino ratioReturn per unit of downside risk | +4.31 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 0.99 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 9.18 | -0.64 | +9.83 |
| Martin ratioReturn relative to average drawdown | 33.74 | -1.16 | +34.90 |
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Drawdowns
SMH vs. PRZO - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, roughly equal to the maximum PRZO drawdown of -88.53%. Use the drawdown chart below to compare losses from any high point for SMH and PRZO.
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Drawdown Indicators
| SMH | PRZO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -88.53% | +3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -76.78% | +61.85% |
Max Drawdown (3Y)Largest decline over 3 years | -35.74% | — | — |
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 | -2.81% | -85.45% | +82.64% |
Average DrawdownAverage peak-to-trough decline | -41.04% | -74.24% | +33.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 42.41% | -38.35% |
Volatility
SMH vs. PRZO - Volatility Comparison
The current volatility for VanEck Semiconductor ETF (SMH) is 16.25%, while ParaZero Technologies Ltd. Ordinary Shares (PRZO) has a volatility of 50.24%. This indicates that SMH experiences smaller price fluctuations and is considered to be less risky than PRZO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH | PRZO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.25% | 50.24% | -33.99% |
Volatility (6M)Calculated over the trailing 6-month period | 27.73% | 91.31% | -63.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.20% | 117.45% | -84.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.47% | 174.37% | -138.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.82% | 174.37% | -141.55% |
Dividends
SMH vs. PRZO - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.18%, while PRZO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRZO ParaZero Technologies Ltd. Ordinary Shares | 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 PRZO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRZO has higher volatility (50.24%) compared to SMH (16.25%). In terms of maximum drawdown, SMH dropped -84.96% vs PRZO's -88.53%.
SMH currently has the higher Sharpe Ratio (4.13 vs -0.42), 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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