TOELY vs. SMH
TOELY (Tokyo Electron ADR) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, TOELY returned 28.88%/yr vs 34.16%/yr for SMH. Their 0.48 correlation means their historical movements had little consistent relationship.
Performance
TOELY vs. SMH - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TOELY having a 50.65% return and SMH slightly lower at 50.09%. Over the past 10 years, TOELY has underperformed SMH with an annualized return of 28.88%, while SMH has yielded a comparatively higher 34.16% annualized return.
TOELY
- 1D
- -3.53%
- 1M
- -23.71%
- 6M
- 25.86%
- YTD
- 50.65%
- 1Y
- 127.53%
- 3Y*
- 31.34%
- 5Y*
- 19.84%
- 10Y*
- 28.88%
- ALL TIME*
- 7.76%
SMH
- 1D
- 0.30%
- 1M
- -8.74%
- 6M
- 33.97%
- YTD
- 50.09%
- 1Y
- 90.95%
- 3Y*
- 50.56%
- 5Y*
- 33.46%
- 10Y*
- 34.16%
- ALL TIME*
- 11.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.28B | $7.64B | $7.07B | |
TOELY Tokyo Electron ADR | $60.46M | $67.45M | $76.45M |
TOELY vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOELY Tokyo Electron ADR | 50.65% | 49.57% | -14.19% | 82.22% | -49.18% | 53.76% | 71.31% | 94.00% | -38.01% | 94.67% |
SMH VanEck Semiconductor ETF | 50.09% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Correlation
The correlation between TOELY and SMH is 0.67, 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. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2009 | 0.48 |
The correlation between TOELY and SMH shifts across timeframes, from 0.48 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TOELY vs. SMH — Risk / Return Rank
TOELY
SMH
TOELY vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tokyo Electron ADR (TOELY) 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.
| TOELY | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.36 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 3.58 | -0.68 |
| Martin ratioReturn relative to average drawdown | 11.43 | 14.64 | -3.22 |
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Drawdowns
TOELY vs. SMH - Drawdown Comparison
The maximum TOELY drawdown since its inception was -92.92%, which is greater than SMH's maximum drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for TOELY and SMH.
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Drawdown Indicators
| TOELY | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.92% | -84.96% | -7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -39.47% | -24.62% | -14.85% |
Max Drawdown (3Y)Largest decline over 3 years | -53.52% | -35.74% | -17.78% |
Max Drawdown (5Y)Largest decline over 5 years | -59.40% | -45.30% | -14.10% |
Max Drawdown (10Y)Largest decline over 10 years | -59.40% | -45.30% | -14.10% |
Current DrawdownCurrent decline from peak | -32.46% | -19.19% | -13.27% |
Average DrawdownAverage peak-to-trough decline | -49.32% | -40.89% | -8.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.14% | 6.01% | +4.13% |
Volatility
TOELY vs. SMH - Volatility Comparison
Tokyo Electron ADR (TOELY) has a higher volatility of 25.18% compared to VanEck Semiconductor ETF (SMH) at 14.70%. This indicates that TOELY'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
| TOELY | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.18% | 14.70% | +10.48% |
Volatility (6M)Calculated over the trailing 6-month period | 47.92% | 33.13% | +14.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.02% | 38.57% | +22.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.04% | 36.50% | +10.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.79% | 33.32% | +7.47% |
Dividends
TOELY vs. SMH - Dividend Comparison
TOELY has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.20%.
| 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% |
TOELY Tokyo Electron ADR | 0.00% | 1.02% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.11% | 2.27% | 0.00% |
Frequently Asked Questions
TOELY and SMH have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TOELY has higher volatility (25.18%) compared to SMH (14.70%). In terms of maximum drawdown, TOELY dropped -92.92% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (2.29 vs 1.94), 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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