SMH vs. WMT
SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index, while WMT (Walmart Inc.) is a stock. Over the past 10 years, SMH returned 36.92%/yr vs 19.62%/yr for WMT. At a 0.29 correlation, their price movements are largely independent.
Performance
SMH vs. WMT - Performance Comparison
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Returns By Period
In the year-to-date period, SMH achieves a 66.10% return, which is significantly higher than WMT's 7.98% return. Over the past 10 years, SMH has outperformed WMT with an annualized return of 36.92%, while WMT has yielded a comparatively lower 19.62% annualized return.
SMH
- 1D
- 5.00%
- 1M
- 5.58%
- YTD
- 66.10%
- 6M
- 62.81%
- 1Y
- 137.42%
- 3Y*
- 60.43%
- 5Y*
- 37.89%
- 10Y*
- 36.92%
WMT
- 1D
- 0.80%
- 1M
- -8.13%
- YTD
- 7.98%
- 6M
- 6.15%
- 1Y
- 23.97%
- 3Y*
- 34.37%
- 5Y*
- 22.47%
- 10Y*
- 19.62%
SMH vs. WMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 66.10% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
WMT Walmart Inc. | 7.98% | 24.49% | 73.99% | 12.88% | -0.46% | 1.97% | 23.32% | 30.16% | -3.43% | 46.56% |
Correlation
The correlation between SMH and WMT is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2000 | 0.29 |
The correlation between SMH and WMT shifts across timeframes, from -0.11 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMH vs. WMT — Risk / Return Rank
SMH
WMT
SMH vs. WMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and Walmart Inc. (WMT). 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.
| SMH | WMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.26 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.20 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 9.26 | 1.53 | +7.73 |
| Martin ratioReturn relative to average drawdown | 34.80 | 5.02 | +29.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMH | WMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.27 | 1.02 | +3.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 1.04 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.13 | 0.91 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.64 | -0.31 |
Drawdowns
SMH vs. WMT - Drawdown Comparison
The maximum SMH drawdown since its inception was -84.96%, which is greater than WMT's maximum drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for SMH and WMT.
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Drawdown Indicators
| SMH | WMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -77.14% | -7.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -15.75% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -35.74% | -21.93% | -13.81% |
Max Drawdown (5Y)Largest decline over 5 years | -45.30% | -25.74% | -19.56% |
Max Drawdown (10Y)Largest decline over 10 years | -45.30% | -25.74% | -19.56% |
Current DrawdownCurrent decline from peak | -6.23% | -10.71% | +4.48% |
Average DrawdownAverage peak-to-trough decline | -41.07% | -14.63% | -26.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 4.79% | -0.83% |
Volatility
SMH vs. WMT - Volatility Comparison
VanEck Semiconductor ETF (SMH) has a higher volatility of 15.45% compared to Walmart Inc. (WMT) at 10.26%. This indicates that SMH's price experiences larger fluctuations and is considered to be riskier than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMH | WMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.45% | 10.26% | +5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 26.71% | 18.59% | +8.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.42% | 23.72% | +8.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.32% | 21.68% | +13.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.75% | 21.73% | +11.02% |
Dividends
SMH vs. WMT - Dividend Comparison
SMH's dividend yield for the trailing twelve months is around 0.18%, less than WMT's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WMT Walmart Inc. | 0.81% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Frequently Asked Questions
SMH and WMT have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (15.45%) compared to WMT (10.26%). In terms of maximum drawdown, SMH dropped -84.96% vs WMT's -77.14%.
SMH currently has the higher Sharpe Ratio (4.27 vs 1.02), 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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