SMHN.DE vs. QQEW

Last updated Jun 5, 2026

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 29.86%/yr vs 13.84%/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.

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 141.67% return, which is significantly higher than QQEW's 9.01% return. Over the past 10 years, SMHN.DE has outperformed QQEW with an annualized return of 29.86%, while QQEW has yielded a comparatively lower 13.84% annualized return.

SMHN.DE

• 1D: -3.43%
• 1M: 16.13%
• YTD: 141.67%
• 6M: 142.29%
• 1Y: 143.79%
• 3Y*: 58.00%
• 5Y*: 33.45%
• 10Y*: 29.86%

QQEW

• 1D: -3.36%
• 1M: 9.22%
• YTD: 9.01%
• 6M: 6.36%
• 1Y: 14.86%
• 3Y*: 11.38%
• 5Y*: 8.92%
• 10Y*: 13.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SMHN.DE vs. QQEW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMHN.DE SÜSS MicroTec SE	141.67%	-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	9.01%	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 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007	0.28

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: 84
SMHN.DE Sharpe Ratio Rank: 90
SMHN.DE Sortino Ratio Rank: 81
SMHN.DE Omega Ratio Rank: 86
SMHN.DE Calmar Ratio Rank: 82
SMHN.DE Martin Ratio Rank: 80

QQEW

QQEW Risk / Return Rank: 25
QQEW Sharpe Ratio Rank: 26
QQEW Sortino Ratio Rank: 25
QQEW Omega Ratio Rank: 26
QQEW Calmar Ratio Rank: 23
QQEW Martin Ratio Rank: 24

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.

	SMHN.DE	QQEW	Difference
Sharpe ratio: Return per unit of total volatility	2.20	0.88	+1.32
Sortino ratio: Return per unit of downside risk	2.44	1.28	+1.17
Omega ratio: Gain probability vs. loss probability	1.37	1.16	+0.21
Calmar ratio: Return relative to maximum drawdown	3.03	1.02	+2.00
Martin ratio: Return relative to average drawdown	6.69	2.73	+3.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMHN.DE vs. QQEW - Sharpe Ratio Comparison

The current SMHN.DE Sharpe Ratio is 2.20, which is higher than the QQEW Sharpe Ratio of 0.88. 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.

Sharpe Ratios by Period

	SMHN.DE	QQEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	0.88	+1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.44	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.66	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.58	-0.45

Drawdowns

SMHN.DE vs. QQEW - Drawdown Comparison

The maximum SMHN.DE drawdown since its inception was -98.23%, which is greater than QQEW's maximum drawdown of -52.49%. Use the drawdown chart below to compare losses from any high point for SMHN.DE and QQEW.

Drawdown Indicators

	SMHN.DE	QQEW	Difference
Max Drawdown Largest peak-to-trough decline	-98.23%	-52.49%	-45.74%
Max Drawdown (1Y) Largest decline over 1 year	-48.37%	-14.58%	-33.79%
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	-3.43%	-5.20%	+1.77%
Average Drawdown Average peak-to-trough decline	-73.65%	-8.47%	-65.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.91%	5.46%	+16.45%

Volatility

SMHN.DE vs. QQEW - Volatility Comparison

SÜSS MicroTec SE (SMHN.DE) has a higher volatility of 18.92% compared to First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) at 6.80%. 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.

Volatility by Period

	SMHN.DE	QQEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.92%	6.80%	+12.12%
Volatility (6M) Calculated over the trailing 6-month period	41.90%	13.79%	+28.11%
Volatility (1Y) Calculated over the trailing 1-year period	66.54%	17.05%	+49.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.78%	20.27%	+35.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.81%	21.09%	+30.72%

Dividends

SMHN.DE vs. QQEW - Dividend Comparison

SMHN.DE's dividend yield for the trailing twelve months is around 0.04%, less than QQEW's 0.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund	0.29%	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	0.04%	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

Can I hold both SMHN.DE and QQEW in my portfolio?

SMHN.DE and QQEW have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.