SMH vs. QTUM-USD
SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while QTUM-USD (Qtum) is a cryptocurrency. Over the past 5 years, SMH returned 34.32%/yr vs -40.59%/yr for QTUM-USD. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
SMH vs. QTUM-USD - 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 QTUM-USD's -51.78% return.
SMH
- 1D
- -1.04%
- 1M
- -5.73%
- 6M
- 49.13%
- YTD
- 58.19%
- 1Y
- 99.05%
- 3Y*
- 55.27%
- 5Y*
- 34.32%
- 10Y*
- 34.58%
- ALL TIME*
- 11.27%
QTUM-USD
- 1D
- -0.82%
- 1M
- -9.05%
- 6M
- -37.97%
- YTD
- -51.78%
- 1Y
- -68.57%
- 3Y*
- -36.98%
- 5Y*
- -40.59%
- 10Y*
- —
- ALL TIME*
- -28.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
QTUM-USD Qtum | $4.61M | $5.51M | $10.27M |
| $8.47B | $7.04B | $7.03B |
SMH vs. QTUM-USD - 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% | -4.88% |
QTUM-USD Qtum | -51.78% | -55.51% | -19.33% | 103.93% | -79.08% | 293.16% | 38.57% | -24.72% | -96.59% | 425.34% |
Correlation
The correlation between SMH and QTUM-USD is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.18 |
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Return for Risk
SMH vs. QTUM-USD — Risk / Return Rank
SMH
QTUM-USD
SMH vs. QTUM-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and Qtum (QTUM-USD). 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 | QTUM-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.44 | ||
| Sortino ratioReturn per unit of downside risk | +4.41 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.85 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | -0.86 | +4.91 |
| Martin ratioReturn relative to average drawdown | 15.89 | -1.15 | +17.04 |
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Drawdowns
SMH vs. QTUM-USD - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, smaller than the maximum QTUM-USD drawdown of -99.32%. Use the drawdown chart below to compare losses from any high point for SMH and QTUM-USD.
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Drawdown Indicators
| SMH | QTUM-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -99.32% | +14.36% |
Max Drawdown (1Y)Largest decline over 1 year | -24.62% | -79.32% | +54.70% |
Max Drawdown (3Y)Largest decline over 3 years | -35.74% | -88.76% | +53.02% |
Max Drawdown (5Y)Largest decline over 5 years | -45.30% | -96.40% | +51.10% |
Max Drawdown (10Y)Largest decline over 10 years | -45.30% | — | — |
Current DrawdownCurrent decline from peak | -14.83% | -99.32% | +84.49% |
Average DrawdownAverage peak-to-trough decline | -40.88% | -93.37% | +52.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 42.55% | -36.29% |
Volatility
SMH vs. QTUM-USD - Volatility Comparison
VanEck Semiconductor ETF (SMH) has a higher volatility of 14.68% compared to Qtum (QTUM-USD) at 11.63%. This indicates that SMH's price experiences larger fluctuations and is considered to be riskier than QTUM-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH | QTUM-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.68% | 11.63% | +3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 33.23% | 45.78% | -12.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.76% | 65.49% | -26.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.59% | 76.09% | -39.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.37% | 98.63% | -65.26% |
Frequently Asked Questions
SMH and QTUM-USD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (14.68%) compared to QTUM-USD (11.63%). In terms of maximum drawdown, SMH dropped -84.96% vs QTUM-USD's -99.32%.
SMH currently has the higher Sharpe Ratio (2.57 vs -0.87), 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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