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SMHN.DE vs. QQEW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SMHN.DE vs. QQEW

Last updated Jul 21, 2026
Documentation

SMHN.DE (SÜSS MicroTec SE) is a stock, while QQEW (First Trust Nasdaq-100 Equal Weighted Index Fund) is Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Over the past 10 years, SMHN.DE returned 27.53%/yr vs 13.35%/yr for QQEW. At a 0.28 correlation, their price movements are largely independent.

Performance

SMHN.DE vs. QQEW - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SÜSS MicroTec SE (SMHN.DE) and First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SMHN.DE is traded in EUR, while QQEW is traded in USD. To make them comparable, the QQEW values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SMHN.DE achieves a 96.55% return, which is significantly higher than QQEW's 11.51% return. Over the past 10 years, SMHN.DE has outperformed QQEW with an annualized return of 27.53%, while QQEW has yielded a comparatively lower 13.35% annualized return.

SMHN.DE

1D
-3.03%
1M
-31.15%
6M
62.78%
YTD
96.55%
1Y
79.58%
3Y*
47.08%
5Y*
24.33%
10Y*
27.53%
ALL TIME*
12.79%

QQEW

1D
0.50%
1M
-1.39%
6M
11.14%
YTD
11.51%
1Y
14.17%
3Y*
11.25%
5Y*
7.74%
10Y*
13.35%
ALL TIME*
12.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SMHN.DE vs. QQEW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SMHN.DE
SÜSS MicroTec SE		96.55%-18.92%76.21%84.45%-27.21%11.11%57.50%37.93%-47.72%160.00%
QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund		11.51%0.67%14.07%29.32%-19.91%26.56%25.98%38.94%-0.85%10.55%

Correlation

The correlation between SMHN.DE and QQEW is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (10Y)
Calculated over the trailing 10-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Oct 19, 2007

0.28

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SÜSS MicroTec SE

First Trust Nasdaq-100 Equal Weighted Index Fund

Often compared with SMHN.DE:
SMHN.DE vs. SMHSMHN.DE vs. VGTSMHN.DE vs. DRAM
Often compared with QQEW:
QQEW vs. QQQQQEW vs. QQQEQQEW vs. QQQMQQEW vs. QQMGQQEW vs. VOOQQEW vs. SPYQQEW vs. VUG

Return for Risk

SMHN.DE vs. QQEW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMHN.DE
SMHN.DE Risk / Return Rank: 7777
Overall Rank
SMHN.DE Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
SMHN.DE Sortino Ratio Rank: 7474
Sortino Ratio Rank
SMHN.DE Omega Ratio Rank: 7676
Omega Ratio Rank
SMHN.DE Calmar Ratio Rank: 7777
Calmar Ratio Rank
SMHN.DE Martin Ratio Rank: 7777
Martin Ratio Rank
QQEW
QQEW Risk / Return Rank: 2424
Overall Rank
QQEW Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
QQEW Sortino Ratio Rank: 2424
Sortino Ratio Rank
QQEW Omega Ratio Rank: 2323
Omega Ratio Rank
QQEW Calmar Ratio Rank: 2323
Calmar Ratio Rank
QQEW Martin Ratio Rank: 2525
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMHN.DE vs. QQEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SÜSS MicroTec SE (SMHN.DE) and First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW). 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.

SMHN.DEQQEWDifference
Sharpe ratioReturn per unit of total volatility
1.11
0.80

+0.32

Sortino ratioReturn per unit of downside risk
1.66
1.19

+0.47

Omega ratioGain probability vs. loss probability

1.24

1.15

+0.09

Calmar ratioReturn relative to maximum drawdown

1.82

0.98

+0.85

Martin ratioReturn relative to average drawdown

4.16

2.56

+1.60

SMHN.DE vs. QQEW - Sharpe Ratio Comparison

The current SMHN.DE Sharpe Ratio is 1.11, which is higher than the QQEW Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of SMHN.DE and QQEW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SMHN.DE vs. QQEW - Drawdown Comparison

The maximum SMHN.DE drawdown since its inception was -89.96%, which is greater than QQEW's maximum drawdown of -51.83%. Use the drawdown chart below to compare losses from any high point for SMHN.DE and QQEW.

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Drawdown Indicators

SMHN.DEQQEWDifference

Max Drawdown

Largest peak-to-trough decline

-89.96%

-51.83%

-38.13%

Max Drawdown (1Y)

Largest decline over 1 year

-43.38%

-14.58%

-28.80%

Max Drawdown (3Y)

Largest decline over 3 years

-65.63%

-25.24%

-40.39%

Max Drawdown (5Y)

Largest decline over 5 years

-65.63%

-25.24%

-40.39%

Max Drawdown (10Y)

Largest decline over 10 years

-69.66%

-31.69%

-37.97%

Current Drawdown

Current decline from peak

-31.15%

-3.50%

-27.65%

Average Drawdown

Average peak-to-trough decline

-38.99%

-8.32%

-30.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.28%

5.54%

+11.74%

Volatility

SMHN.DE vs. QQEW - Volatility Comparison

SÜSS MicroTec SE (SMHN.DE) has a higher volatility of 25.01% compared to First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) at 4.96%. This indicates that SMHN.DE's price experiences larger fluctuations and is considered to be riskier than QQEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SMHN.DEQQEWDifference

Volatility (1M)

Calculated over the trailing 1-month period

25.01%

4.96%

+20.05%

Volatility (6M)

Calculated over the trailing 6-month period

47.83%

14.69%

+33.14%

Volatility (1Y)

Calculated over the trailing 1-year period

71.23%

17.88%

+53.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

56.92%

20.43%

+36.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

52.33%

21.13%

+31.20%

Dividends

SMHN.DE vs. QQEW - Dividend Comparison

SMHN.DE's dividend yield for the trailing twelve months is around 0.05%, less than QQEW's 0.21% yield.

PositionTTM20252024202320222021202020192018201720162015
QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund		0.21%0.41%0.57%0.70%0.66%0.24%0.34%0.48%0.56%0.48%0.73%0.61%
SMHN.DE
SÜSS MicroTec SE		0.05%0.77%0.41%0.72%1.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SMHN.DE and QQEW have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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