TEL vs. SMH
TEL (TE Connectivity Ltd.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, TEL returned 15.79%/yr vs 37.49%/yr for SMH. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
TEL vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, TEL achieves a -2.30% return, which is significantly lower than SMH's 74.25% return. Over the past 10 years, TEL has underperformed SMH with an annualized return of 15.79%, while SMH has yielded a comparatively higher 37.49% annualized return.
TEL
- 1D
- 1.08%
- 1M
- 7.09%
- YTD
- -2.30%
- 6M
- -4.77%
- 1Y
- 38.10%
- 3Y*
- 23.11%
- 5Y*
- 11.41%
- 10Y*
- 15.79%
SMH
- 1D
- -1.63%
- 1M
- 20.06%
- YTD
- 74.25%
- 6M
- 74.08%
- 1Y
- 150.04%
- 3Y*
- 63.96%
- 5Y*
- 38.76%
- 10Y*
- 37.49%
TEL vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEL TE Connectivity Ltd. | -2.30% | 61.60% | 3.51% | 24.62% | -27.66% | 35.12% | 28.95% | 29.37% | -18.87% | 39.88% |
SMH VanEck Semiconductor ETF | 74.25% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Correlation
The correlation between TEL and SMH is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2007 | 0.65 |
The correlation between TEL and SMH shifts across timeframes, from 0.58 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TEL vs. SMH — Risk / Return Rank
TEL
SMH
TEL vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TE Connectivity Ltd. (TEL) 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.
| TEL | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.79 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.69 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 10.11 | -8.27 |
| Martin ratioReturn relative to average drawdown | 4.26 | 38.76 | -34.50 |
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
| TEL | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 4.94 | -3.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 1.11 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 1.15 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.34 | +0.06 |
Drawdowns
TEL vs. SMH - Drawdown Comparison
The maximum TEL drawdown since its inception was -81.07%, roughly equal to the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for TEL and SMH.
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Drawdown Indicators
| TEL | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.07% | -84.96% | +3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -20.85% | -14.93% | -5.92% |
Max Drawdown (3Y)Largest decline over 3 years | -22.60% | -35.74% | +13.14% |
Max Drawdown (5Y)Largest decline over 5 years | -34.26% | -45.30% | +11.04% |
Max Drawdown (10Y)Largest decline over 10 years | -47.71% | -45.30% | -2.41% |
Current DrawdownCurrent decline from peak | -10.52% | -1.63% | -8.89% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -41.08% | +27.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.97% | 3.89% | +5.08% |
Volatility
TEL vs. SMH - Volatility Comparison
The current volatility for TE Connectivity Ltd. (TEL) is 9.58%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.58%. This indicates that TEL 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
| TEL | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.58% | 11.58% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 27.29% | 24.35% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.28% | 30.57% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.93% | 35.01% | -7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.31% | 32.57% | -4.26% |
Dividends
TEL vs. SMH - Dividend Comparison
TEL's dividend yield for the trailing twelve months is around 1.32%, more than SMH's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 0.18% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
TEL TE Connectivity Ltd. | 1.32% | 1.22% | 1.78% | 1.66% | 1.90% | 1.23% | 1.57% | 1.90% | 2.27% | 1.65% | 2.08% | 1.98% |
Frequently Asked Questions
TEL and SMH have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (11.58%) compared to TEL (9.58%). In terms of maximum drawdown, TEL dropped -81.07% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (4.94 vs 1.15), 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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