TDY vs. SMH
Compare and contrast key facts about Teledyne Technologies Incorporated (TDY) and VanEck Semiconductor ETF (SMH).
SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Performance
TDY vs. SMH - Performance Comparison
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TDY vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDY Teledyne Technologies Incorporated | 21.00% | 10.04% | 4.00% | 11.60% | -8.46% | 11.46% | 13.11% | 67.35% | 14.31% | 47.28% |
SMH VanEck Semiconductor ETF | 8.84% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
In the year-to-date period, TDY achieves a 21.00% return, which is significantly higher than SMH's 8.84% return. Over the past 10 years, TDY has underperformed SMH with an annualized return of 21.39%, while SMH has yielded a comparatively higher 31.58% annualized return.
TDY
- 1D
- 2.14%
- 1M
- -10.26%
- YTD
- 21.00%
- 6M
- 7.46%
- 1Y
- 24.01%
- 3Y*
- 11.37%
- 5Y*
- 8.16%
- 10Y*
- 21.39%
SMH
- 1D
- 2.24%
- 1M
- -3.55%
- YTD
- 8.84%
- 6M
- 17.83%
- 1Y
- 85.04%
- 3Y*
- 44.53%
- 5Y*
- 26.15%
- 10Y*
- 31.58%
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Return for Risk
TDY vs. SMH — Risk / Return Rank
TDY
SMH
TDY vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teledyne Technologies Incorporated (TDY) 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.
| TDY | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 2.32 | -1.39 |
Sortino ratioReturn per unit of downside risk | 1.47 | 2.92 | -1.45 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.41 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 5.39 | -4.07 |
Martin ratioReturn relative to average drawdown | 3.23 | 19.22 | -15.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TDY | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 2.32 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.76 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.98 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.28 | +0.17 |
Correlation
The correlation between TDY and SMH is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TDY vs. SMH - Dividend Comparison
TDY has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.28%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDY Teledyne Technologies Incorporated | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
TDY vs. SMH - Drawdown Comparison
The maximum TDY drawdown since its inception was -66.17%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for TDY and SMH.
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Drawdown Indicators
| TDY | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.17% | -84.96% | +18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -18.39% | -15.95% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -32.24% | -45.30% | +13.06% |
Max Drawdown (10Y)Largest decline over 10 years | -48.95% | -45.30% | -3.65% |
Current DrawdownCurrent decline from peak | -10.26% | -8.02% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -17.51% | -41.35% | +23.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.47% | 4.47% | +3.00% |
Volatility
TDY vs. SMH - Volatility Comparison
The current volatility for Teledyne Technologies Incorporated (TDY) is 8.30%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.74%. This indicates that TDY 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
| TDY | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 11.74% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 19.48% | 24.02% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.93% | 36.88% | -10.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.10% | 34.68% | -10.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.54% | 32.29% | -4.75% |