SMH vs. RDW
SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while RDW (Redwire Corporation) is a stock. Over the past 3 years, SMH returned 60.05%/yr vs 79.83%/yr for RDW. At a 0.37 correlation, their price movements are largely independent.
Performance
SMH vs. RDW - Performance Comparison
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Returns By Period
In the year-to-date period, SMH achieves a 72.15% return, which is significantly lower than RDW's 98.95% 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%
RDW
- 1D
- -11.53%
- 1M
- 31.94%
- YTD
- 98.95%
- 6M
- 107.41%
- 1Y
- -21.74%
- 3Y*
- 79.83%
- 5Y*
- —
- 10Y*
- —
SMH vs. RDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 72.15% | 49.17% | 39.10% | 73.38% | -33.53% | 14.80% |
RDW Redwire Corporation | 98.95% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
Correlation
The correlation between SMH and RDW is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.37 |
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Return for Risk
SMH vs. RDW — Risk / Return Rank
SMH
RDW
SMH vs. RDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and Redwire Corporation (RDW). 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 | RDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.32 | ||
| Sortino ratioReturn per unit of downside risk | +3.68 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.07 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 9.18 | -0.29 | +9.47 |
| Martin ratioReturn relative to average drawdown | 33.74 | -0.42 | +34.16 |
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Drawdowns
SMH vs. RDW - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, roughly equal to the maximum RDW drawdown of -87.26%. Use the drawdown chart below to compare losses from any high point for SMH and RDW.
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Drawdown Indicators
| SMH | RDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -87.26% | +2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -75.40% | +60.47% |
Max Drawdown (3Y)Largest decline over 3 years | -35.74% | -80.28% | +44.54% |
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% | -41.62% | +38.81% |
Average DrawdownAverage peak-to-trough decline | -41.04% | -59.30% | +18.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 51.88% | -47.82% |
Volatility
SMH vs. RDW - Volatility Comparison
The current volatility for VanEck Semiconductor ETF (SMH) is 16.25%, while Redwire Corporation (RDW) has a volatility of 53.68%. This indicates that SMH experiences smaller price fluctuations and is considered to be less risky than RDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH | RDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.25% | 53.68% | -37.43% |
Volatility (6M)Calculated over the trailing 6-month period | 27.73% | 94.49% | -66.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.20% | 118.63% | -85.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.47% | 96.83% | -61.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.82% | 96.83% | -64.01% |
Dividends
SMH vs. RDW - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.18%, while RDW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDW Redwire Corporation | 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 RDW have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (53.68%) compared to SMH (16.25%). In terms of maximum drawdown, SMH dropped -84.96% vs RDW's -87.26%.
SMH currently has the higher Sharpe Ratio (4.13 vs -0.18), 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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