SMH vs. RHM.DE
SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while RHM.DE (Rheinmetall AG) is a stock. Over the past 10 years, SMH returned 37.49%/yr vs 38.99%/yr for RHM.DE. At a 0.28 correlation, their price movements are largely independent.
Performance
SMH vs. RHM.DE - Performance Comparison
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Different Trading Currencies
SMH is traded in USD, while RHM.DE is traded in EUR. To make them comparable, the RHM.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMH achieves a 72.15% return, which is significantly higher than RHM.DE's -23.20% return. Both investments have delivered pretty close results over the past 10 years, with SMH having a 37.49% annualized return and RHM.DE not far ahead at 38.99%.
SMH
- 1D
- 1.72%
- 1M
- 7.20%
- YTD
- 72.15%
- 6M
- 75.62%
- 1Y
- 141.99%
- 3Y*
- 60.05%
- 5Y*
- 38.42%
- 10Y*
- 37.49%
RHM.DE
- 1D
- -1.29%
- 1M
- 4.53%
- YTD
- -23.20%
- 6M
- -25.88%
- 1Y
- -32.09%
- 3Y*
- 74.89%
- 5Y*
- 70.12%
- 10Y*
- 38.99%
SMH vs. RHM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 72.15% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
RHM.DE Rheinmetall AG | -23.20% | 188.18% | 104.13% | 61.77% | 115.57% | -9.52% | -3.88% | 32.69% | -29.51% | 92.32% |
Correlation
The correlation between SMH and RHM.DE is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2007 | 0.28 |
The correlation between SMH and RHM.DE shifts across timeframes, from 0.09 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMH vs. RHM.DE — Risk / Return Rank
SMH
RHM.DE
SMH vs. RHM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and Rheinmetall AG (RHM.DE). 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 | RHM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.80 | ||
| Sortino ratioReturn per unit of downside risk | +5.01 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 0.91 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 9.18 | -0.70 | +9.88 |
| Martin ratioReturn relative to average drawdown | 33.74 | -1.51 | +35.25 |
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Drawdowns
SMH vs. RHM.DE - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, which is greater than RHM.DE's maximum drawdown of -78.19%. Use the drawdown chart below to compare losses from any high point for SMH and RHM.DE.
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Drawdown Indicators
| SMH | RHM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -78.19% | -6.77% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -43.61% | +28.68% |
Max Drawdown (3Y)Largest decline over 3 years | -35.74% | -43.61% | +7.87% |
Max Drawdown (5Y)Largest decline over 5 years | -45.30% | -43.61% | -1.69% |
Max Drawdown (10Y)Largest decline over 10 years | -45.30% | -66.25% | +20.95% |
Current DrawdownCurrent decline from peak | -2.81% | -39.60% | +36.79% |
Average DrawdownAverage peak-to-trough decline | -41.04% | -23.94% | -17.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 20.10% | -16.04% |
Volatility
SMH vs. RHM.DE - Volatility Comparison
VanEck Semiconductor ETF (SMH) has a higher volatility of 16.25% compared to Rheinmetall AG (RHM.DE) at 11.77%. This indicates that SMH's price experiences larger fluctuations and is considered to be riskier than RHM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH | RHM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.25% | 11.77% | +4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 27.73% | 34.25% | -6.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.20% | 45.54% | -12.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.47% | 42.88% | -7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.82% | 38.75% | -5.93% |
Dividends
SMH vs. RHM.DE - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.18%, less than RHM.DE's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RHM.DE Rheinmetall AG | 0.95% | 0.52% | 0.93% | 1.50% | 1.77% | 2.41% | 2.77% | 2.05% | 2.20% | 1.37% | 1.72% | 0.49% |
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 RHM.DE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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