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 36.57%/yr vs -34.50%/yr for QTUM-USD. At a 0.18 correlation, their price movements are largely independent.
Performance
SMH vs. QTUM-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SMH achieves a 57.98% return, which is significantly higher than QTUM-USD's -49.67% return.
SMH
- 1D
- -3.70%
- 1M
- -7.64%
- 6M
- 43.52%
- YTD
- 57.98%
- 1Y
- 97.28%
- 3Y*
- 53.38%
- 5Y*
- 36.57%
- 10Y*
- 35.15%
QTUM-USD
- 1D
- -2.34%
- 1M
- -9.83%
- 6M
- -53.04%
- YTD
- -49.67%
- 1Y
- -71.29%
- 3Y*
- -37.55%
- 5Y*
- -34.50%
- 10Y*
- —
SMH vs. QTUM-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 57.98% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | -4.88% |
QTUM-USD Qtum | -49.67% | -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 price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year 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 | +3.54 | ||
| Sortino ratioReturn per unit of downside risk | +4.58 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.84 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 6.54 | -0.91 | +7.45 |
| Martin ratioReturn relative to average drawdown | 20.41 | -1.25 | +21.66 |
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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 -99.30%. 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% | -99.30% | +14.34% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -78.50% | +63.55% |
Max Drawdown (3Y)Largest decline over 3 years | -35.74% | -88.32% | +52.58% |
Max Drawdown (5Y)Largest decline over 5 years | -45.30% | -96.26% | +50.96% |
Max Drawdown (10Y)Largest decline over 10 years | -45.30% | — | — |
Current DrawdownCurrent decline from peak | -14.95% | -99.29% | +84.34% |
Average DrawdownAverage peak-to-trough decline | -40.93% | -93.33% | +52.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 48.83% | -44.05% |
Volatility
SMH vs. QTUM-USD - Volatility Comparison
VanEck Semiconductor ETF (SMH) has a higher volatility of 17.01% compared to Qtum (QTUM-USD) at 11.82%. 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 | 17.01% | 11.82% | +5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 31.61% | 47.19% | -15.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.97% | 65.96% | -28.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.21% | 76.51% | -40.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.16% | 98.90% | -65.74% |
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 (17.01%) compared to QTUM-USD (11.82%). In terms of maximum drawdown, SMH dropped -84.96% vs QTUM-USD's -99.30%.
SMH currently has the higher Sharpe Ratio (2.65 vs -0.90), 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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