STWD vs. SMH
STWD (Starwood Property Trust, Inc.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, STWD returned 6.29%/yr vs 33.99%/yr for SMH. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
STWD vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, STWD achieves a -6.15% return, which is significantly lower than SMH's 51.46% return. Over the past 10 years, STWD has underperformed SMH with an annualized return of 6.29%, while SMH has yielded a comparatively higher 33.99% annualized return.
STWD
- 1D
- -0.06%
- 1M
- -3.09%
- 6M
- -5.20%
- YTD
- -6.15%
- 1Y
- -8.22%
- 3Y*
- 1.07%
- 5Y*
- 0.08%
- 10Y*
- 6.29%
- ALL TIME*
- 9.29%
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 | |
| $54.71M | $59.16M | $59.99M |
STWD vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STWD Starwood Property Trust, Inc. | -6.15% | 4.91% | -0.56% | 26.70% | -17.33% | 35.88% | -12.01% | 36.80% | 1.11% | 6.08% |
SMH VanEck Semiconductor ETF | 51.46% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Correlation
The correlation between STWD and SMH is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2009 | 0.35 |
Over the past year, the correlation between STWD and SMH has dropped to 0.06 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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Return for Risk
STWD vs. SMH — Risk / Return Rank
STWD
SMH
STWD vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Starwood Property Trust, Inc. (STWD) 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.
| STWD | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.43 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.37 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 3.79 | -4.37 |
| Martin ratioReturn relative to average drawdown | -0.95 | 15.18 | -16.13 |
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Drawdowns
STWD vs. SMH - Drawdown Comparison
The maximum STWD drawdown since its inception was -66.34%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for STWD and SMH.
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Drawdown Indicators
| STWD | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.34% | -84.96% | +18.62% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -24.62% | +10.47% |
Max Drawdown (3Y)Largest decline over 3 years | -15.83% | -35.74% | +19.91% |
Max Drawdown (5Y)Largest decline over 5 years | -29.65% | -45.30% | +15.65% |
Max Drawdown (10Y)Largest decline over 10 years | -66.34% | -45.30% | -21.04% |
Current DrawdownCurrent decline from peak | -15.22% | -18.46% | +3.24% |
Average DrawdownAverage peak-to-trough decline | -7.61% | -40.89% | +33.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.67% | 6.13% | +2.54% |
Volatility
STWD vs. SMH - Volatility Comparison
The current volatility for Starwood Property Trust, Inc. (STWD) is 5.42%, while VanEck Semiconductor ETF (SMH) has a volatility of 14.15%. This indicates that STWD experiences smaller price fluctuations and is considered to be less risky 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
| STWD | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 14.15% | -8.73% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 32.94% | -20.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.29% | 38.50% | -22.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.12% | 36.51% | -12.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.13% | 33.33% | -3.20% |
Dividends
STWD vs. SMH - Dividend Comparison
STWD's dividend yield for the trailing twelve months is around 12.02%, 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% |
STWD Starwood Property Trust, Inc. | 12.02% | 10.66% | 10.13% | 9.13% | 10.47% | 7.90% | 9.95% | 7.72% | 9.74% | 8.99% | 8.75% | 9.34% |
Frequently Asked Questions
STWD and SMH have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (14.15%) compared to STWD (5.42%). In terms of maximum drawdown, STWD dropped -66.34% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.43 vs -0.51), 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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