SMMT vs. USD
SMMT (Summit Therapeutics Inc.) is a stock, while USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Over the past 10 years, SMMT returned 5.94%/yr vs 61.02%/yr for USD. At a 0.16 correlation, their price movements are largely independent.
Performance
SMMT vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, SMMT achieves a -18.52% return, which is significantly lower than USD's 84.65% return. Over the past 10 years, SMMT has underperformed USD with an annualized return of 5.94%, while USD has yielded a comparatively higher 61.02% annualized return.
SMMT
- 1D
- -0.21%
- 1M
- -14.26%
- YTD
- -18.52%
- 6M
- -21.36%
- 1Y
- -30.11%
- 3Y*
- 75.20%
- 5Y*
- 17.22%
- 10Y*
- 5.94%
USD
- 1D
- -12.35%
- 1M
- 1.73%
- YTD
- 84.65%
- 6M
- 79.76%
- 1Y
- 206.76%
- 3Y*
- 114.28%
- 5Y*
- 63.13%
- 10Y*
- 61.02%
SMMT vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMMT Summit Therapeutics Inc. | -18.52% | -1.99% | 583.72% | -38.59% | 57.99% | -42.77% | 193.75% | 39.13% | -89.62% | 29.44% |
USD ProShares Ultra Semiconductors | 84.65% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between SMMT and USD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2015 | 0.16 |
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Return for Risk
SMMT vs. USD — Risk / Return Rank
SMMT
USD
SMMT vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Summit Therapeutics Inc. (SMMT) and ProShares Ultra Semiconductors (USD). 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.
| SMMT | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.40 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 6.54 | -7.09 |
| Martin ratioReturn relative to average drawdown | -0.84 | 18.16 | -19.00 |
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Drawdowns
SMMT vs. USD - Drawdown Comparison
The maximum SMMT drawdown since its inception was -95.75%, which is greater than USD's maximum drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for SMMT and USD.
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Drawdown Indicators
| SMMT | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.75% | -88.63% | -7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -55.49% | -31.80% | -23.69% |
Max Drawdown (3Y)Largest decline over 3 years | -64.44% | -64.46% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -91.78% | -77.85% | -13.93% |
Max Drawdown (10Y)Largest decline over 10 years | -95.75% | -77.85% | -17.90% |
Current DrawdownCurrent decline from peak | -61.17% | -14.69% | -46.48% |
Average DrawdownAverage peak-to-trough decline | -57.64% | -32.29% | -25.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.85% | 11.44% | +24.41% |
Volatility
SMMT vs. USD - Volatility Comparison
The current volatility for Summit Therapeutics Inc. (SMMT) is 19.16%, while ProShares Ultra Semiconductors (USD) has a volatility of 34.07%. This indicates that SMMT experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMMT | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.16% | 34.07% | -14.91% |
Volatility (6M)Calculated over the trailing 6-month period | 56.82% | 54.13% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.65% | 67.96% | +7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 185.23% | 77.73% | +107.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.54% | 69.83% | +74.71% |
Dividends
SMMT vs. USD - Dividend Comparison
SMMT has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMT Summit Therapeutics Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.25% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
SMMT and USD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (34.07%) compared to SMMT (19.16%). In terms of maximum drawdown, SMMT dropped -95.75% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (3.06 vs -0.40), 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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