SYK vs. SMH
SYK (Stryker Corporation) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, SYK returned 11.25%/yr vs 37.68%/yr for SMH. At a 0.39 correlation, their price movements are largely independent.
Performance
SYK vs. SMH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SYK achieves a -15.84% return, which is significantly lower than SMH's 77.13% return. Over the past 10 years, SYK has underperformed SMH with an annualized return of 11.25%, while SMH has yielded a comparatively higher 37.68% annualized return.
SYK
- 1D
- 0.58%
- 1M
- 1.42%
- YTD
- -15.84%
- 6M
- -18.97%
- 1Y
- -21.83%
- 3Y*
- 2.95%
- 5Y*
- 4.29%
- 10Y*
- 11.25%
SMH
- 1D
- 0.90%
- 1M
- 25.87%
- YTD
- 77.13%
- 6M
- 75.61%
- 1Y
- 157.20%
- 3Y*
- 64.17%
- 5Y*
- 39.21%
- 10Y*
- 37.68%
SYK vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYK Stryker Corporation | -15.84% | -1.48% | 21.34% | 23.80% | -7.42% | 10.22% | 18.17% | 35.33% | 2.43% | 30.84% |
SMH VanEck Semiconductor ETF | 77.13% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Correlation
The correlation between SYK and SMH is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2000 | 0.39 |
Over the past year, the correlation between SYK and SMH has dropped to 0.08 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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
SYK vs. SMH — Risk / Return Rank
SYK
SMH
SYK vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Stryker Corporation (SYK) 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.
| SYK | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.18 | ||
| Sortino ratioReturn per unit of downside risk | -6.57 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.72 | -0.88 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 10.59 | -11.34 |
| Martin ratioReturn relative to average drawdown | -1.84 | 40.63 | -42.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SYK | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.99 | 5.19 | -6.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 1.13 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 1.16 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.34 | +0.21 |
Drawdowns
SYK vs. SMH - Drawdown Comparison
The maximum SYK drawdown since its inception was -58.63%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for SYK and SMH.
Loading charts...
Drawdown Indicators
| SYK | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -84.96% | +26.33% |
Max Drawdown (1Y)Largest decline over 1 year | -29.45% | -14.93% | -14.52% |
Max Drawdown (3Y)Largest decline over 3 years | -29.45% | -35.74% | +6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -31.68% | -45.30% | +13.62% |
Max Drawdown (10Y)Largest decline over 10 years | -43.80% | -45.30% | +1.50% |
Current DrawdownCurrent decline from peak | -26.35% | 0.00% | -26.35% |
Average DrawdownAverage peak-to-trough decline | -13.10% | -41.09% | +27.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.88% | 3.89% | +7.99% |
Volatility
SYK vs. SMH - Volatility Comparison
The current volatility for Stryker Corporation (SYK) is 8.52%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.47%. This indicates that SYK 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.
Loading charts...
Volatility by Period
| SYK | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.52% | 11.47% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 17.78% | 24.29% | -6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.04% | 30.56% | -8.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.13% | 35.01% | -10.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.30% | 32.57% | -6.27% |
Dividends
SYK vs. SMH - Dividend Comparison
SYK's dividend yield for the trailing twelve months is around 1.17%, more than SMH's 0.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 0.17% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
SYK Stryker Corporation | 1.17% | 0.97% | 0.90% | 1.02% | 1.16% | 0.97% | 0.96% | 1.02% | 1.23% | 1.13% | 1.31% | 1.52% |
Frequently Asked Questions
SYK and SMH have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (11.47%) compared to SYK (8.52%). In terms of maximum drawdown, SYK dropped -58.63% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (5.19 vs -0.99), 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 SYK and SMH
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