SMHX vs. QNTM
SMHX (VanEck Fabless Semiconductor ETF) is Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index, while QNTM (Quantum BioPharma Ltd) is a stock. Over the past year, SMHX returned 75.18% vs -85.00% for QNTM. At a 0.14 correlation, their price movements are largely independent.
Performance
SMHX vs. QNTM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMHX achieves a 48.21% return, which is significantly higher than QNTM's -53.84% return.
SMHX
- 1D
- -4.39%
- 1M
- -9.38%
- 6M
- 43.30%
- YTD
- 48.21%
- 1Y
- 75.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QNTM
- 1D
- -0.88%
- 1M
- -7.42%
- 6M
- -51.58%
- YTD
- -53.84%
- 1Y
- -85.00%
- 3Y*
- -64.41%
- 5Y*
- -49.32%
- 10Y*
- —
SMHX vs. QNTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMHX VanEck Fabless Semiconductor ETF | 48.21% | 30.00% | 15.56% |
QNTM Quantum BioPharma Ltd | -53.84% | 98.37% | -16.36% |
Correlation
The correlation between SMHX and QNTM is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024 | 0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMHX vs. QNTM — Risk / Return Rank
SMHX
QNTM
SMHX vs. QNTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Fabless Semiconductor ETF (SMHX) and Quantum BioPharma Ltd (QNTM). 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.
| SMHX | QNTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.45 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.89 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | -0.92 | +5.35 |
| Martin ratioReturn relative to average drawdown | 10.82 | -1.19 | +12.01 |
Loading charts...
Drawdowns
SMHX vs. QNTM - Drawdown Comparison
The maximum SMHX drawdown since its inception was -38.53%, smaller than the maximum QNTM drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for SMHX and QNTM.
Loading charts...
Drawdown Indicators
| SMHX | QNTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.53% | -99.98% | +61.45% |
Max Drawdown (1Y)Largest decline over 1 year | -17.06% | -92.81% | +75.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -97.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -98.42% | — |
Current DrawdownCurrent decline from peak | -16.94% | -99.96% | +83.02% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -92.29% | +84.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.97% | 71.26% | -64.29% |
Volatility
SMHX vs. QNTM - Volatility Comparison
The current volatility for VanEck Fabless Semiconductor ETF (SMHX) is 15.79%, while Quantum BioPharma Ltd (QNTM) has a volatility of 18.58%. This indicates that SMHX experiences smaller price fluctuations and is considered to be less risky than QNTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMHX | QNTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.79% | 18.58% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 32.14% | 107.43% | -75.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.47% | 147.46% | -108.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.83% | 134.28% | -92.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.83% | 139.88% | -98.05% |
Dividends
SMHX vs. QNTM - Dividend Comparison
SMHX's dividend yield for the trailing twelve months is around 0.02%, while QNTM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QNTM Quantum BioPharma Ltd | 0.00% | 0.00% | 0.00% |
SMHX VanEck Fabless Semiconductor ETF | 0.02% | 0.02% | 0.04% |
Frequently Asked Questions
SMHX and QNTM have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QNTM has higher volatility (18.58%) compared to SMHX (15.79%). In terms of maximum drawdown, SMHX dropped -38.53% vs QNTM's -99.98%.
SMHX currently has the higher Sharpe Ratio (1.96 vs -0.58), 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.
Find the right allocation for SMHX and QNTM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer