STHH vs. SMH
STHH (STMicroelectronics NV ADRhedged) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - STHH is a Technology Equities fund tracking the STMicroelectronics NV Local Shares Total Return, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Over the past year, STHH returned 114.11% vs 92.69% for SMH. Their 0.76 correlation means they have sometimes moved together and sometimes differently. STHH charges 0.19%/yr vs 0.35%/yr for SMH.
Performance
STHH vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, STHH achieves a 107.29% return, which is significantly higher than SMH's 51.46% return.
STHH
- 1D
- -0.49%
- 1M
- -23.24%
- 6M
- 87.74%
- YTD
- 107.29%
- 1Y
- 114.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 100.76%
SMH
- 1D
- 0.91%
- 1M
- -7.91%
- 6M
- 33.70%
- YTD
- 51.46%
- 1Y
- 92.69%
- 3Y*
- 53.04%
- 5Y*
- 32.99%
- 10Y*
- 33.99%
- ALL TIME*
- 11.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.29B | $7.23B | $7.12B | |
| $179.41K | $298.65K | $521.22K |
STHH vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STHH STMicroelectronics NV ADRhedged | 107.29% | 17.60% |
SMH VanEck Semiconductor ETF | 51.46% | 88.25% |
Correlation
The correlation between STHH and SMH is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025 | 0.76 |
The correlation between STHH and SMH has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.
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Return for Risk
STHH vs. SMH — Risk / Return Rank
STHH
SMH
STHH vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STMicroelectronics NV ADRhedged (STHH) and VanEck Semiconductor ETF (SMH). 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.
| STHH | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 3.79 | -0.76 |
| Martin ratioReturn relative to average drawdown | 9.83 | 15.18 | -5.36 |
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Drawdowns
STHH vs. SMH - Drawdown Comparison
The maximum STHH drawdown since its inception was -37.98%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for STHH and SMH.
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Drawdown Indicators
| STHH | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.98% | -84.96% | +46.98% |
Max Drawdown (1Y)Largest decline over 1 year | -37.98% | -24.62% | -13.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -33.80% | -18.46% | -15.34% |
Average DrawdownAverage peak-to-trough decline | -10.91% | -40.89% | +29.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 6.13% | +5.52% |
Volatility
STHH vs. SMH - Volatility Comparison
STMicroelectronics NV ADRhedged (STHH) has a higher volatility of 26.83% compared to VanEck Semiconductor ETF (SMH) at 14.15%. This indicates that STHH's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STHH | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.83% | 14.15% | +12.68% |
Volatility (6M)Calculated over the trailing 6-month period | 48.53% | 32.94% | +15.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.48% | 38.50% | +17.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.09% | 36.51% | +18.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.09% | 33.33% | +21.76% |
STHH vs. SMH - Expense Ratio Comparison
STHH has a 0.19% expense ratio, which is lower than SMH's 0.35% expense ratio.
Dividends
STHH vs. SMH - Dividend Comparison
STHH's dividend yield for the trailing twelve months is around 0.97%, more than SMH's 0.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 0.20% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
STHH STMicroelectronics NV ADRhedged | 0.97% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
STHH and SMH have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STHH has higher volatility (26.83%) compared to SMH (14.15%). In terms of maximum drawdown, STHH dropped -37.98% vs SMH's -84.96%.
On 1-year performance, STHH leads with 114.11% vs 92.69% for SMH. On fees, STHH is cheaper at 0.19% per year. On volatility, SMH has been the lower-risk option at 14.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, STHH has performed better with a 114.11% return vs 92.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STHH is cheaper with a 0.19% expense ratio, compared with 0.35% for SMH.
STHH has the higher dividend yield at 0.97%, compared with 0.20% for SMH.
STHH is categorized as Technology Equities, while SMH is Semiconductors. STHH tracks STMicroelectronics NV Local Shares Total Return, while SMH tracks MVIS US Listed Semiconductor 25 Index. They also come from different issuers: ADRhedged and VanEck. Their fees differ too: 0.19% for STHH and 0.35% for SMH.
SMH currently has the higher Sharpe Ratio (2.43 vs 2.04), 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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