VNET vs. SMHX
VNET (21Vianet Group, Inc.) is a stock, while SMHX (VanEck Fabless Semiconductor ETF) is Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. Over the past year, VNET returned 66.84% vs 131.85% for SMHX. At a 0.29 correlation, their price movements are largely independent.
Performance
VNET vs. SMHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VNET achieves a 14.78% return, which is significantly lower than SMHX's 74.81% return.
VNET
- 1D
- -6.00%
- 1M
- 14.50%
- YTD
- 14.78%
- 6M
- 9.72%
- 1Y
- 66.84%
- 3Y*
- 49.95%
- 5Y*
- -13.80%
- 10Y*
- -3.38%
SMHX
- 1D
- -2.03%
- 1M
- 27.33%
- YTD
- 74.81%
- 6M
- 68.22%
- 1Y
- 131.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VNET vs. SMHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VNET 21Vianet Group, Inc. | 14.78% | 78.48% | 100.85% |
SMHX VanEck Fabless Semiconductor ETF | 74.81% | 30.00% | 17.76% |
Correlation
The correlation between VNET and SMHX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.29 |
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
VNET vs. SMHX — Risk / Return Rank
VNET
SMHX
VNET vs. SMHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Vianet Group, Inc. (VNET) and VanEck Fabless Semiconductor ETF (SMHX). 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.
| VNET | SMHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.56 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 7.78 | -6.23 |
| Martin ratioReturn relative to average drawdown | 3.20 | 21.87 | -18.67 |
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
| VNET | SMHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 4.06 | -3.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 1.89 | -1.94 |
Drawdowns
VNET vs. SMHX - Drawdown Comparison
The maximum VNET drawdown since its inception was -96.67%, which is greater than SMHX's maximum drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for VNET and SMHX.
Loading charts...
Drawdown Indicators
| VNET | SMHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.67% | -38.53% | -58.14% |
Max Drawdown (1Y)Largest decline over 1 year | -43.41% | -17.06% | -26.35% |
Max Drawdown (3Y)Largest decline over 3 years | -67.71% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -94.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.67% | — | — |
Current DrawdownCurrent decline from peak | -77.21% | -2.03% | -75.18% |
Average DrawdownAverage peak-to-trough decline | -60.75% | -7.32% | -53.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.98% | 6.05% | +14.93% |
Volatility
VNET vs. SMHX - Volatility Comparison
21Vianet Group, Inc. (VNET) has a higher volatility of 29.96% compared to VanEck Fabless Semiconductor ETF (SMHX) at 12.19%. This indicates that VNET's price experiences larger fluctuations and is considered to be riskier than SMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VNET | SMHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.96% | 12.19% | +17.77% |
Volatility (6M)Calculated over the trailing 6-month period | 54.05% | 25.18% | +28.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.53% | 32.71% | +47.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.65% | 39.96% | +55.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.46% | 39.96% | +41.50% |
Dividends
VNET vs. SMHX - Dividend Comparison
VNET has not paid dividends to shareholders, while SMHX's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SMHX VanEck Fabless Semiconductor ETF | 0.01% | 0.02% | 0.04% |
VNET 21Vianet Group, Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VNET and SMHX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNET has higher volatility (29.96%) compared to SMHX (12.19%). In terms of maximum drawdown, VNET dropped -96.67% vs SMHX's -38.53%.
SMHX currently has the higher Sharpe Ratio (4.06 vs 0.84), 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 VNET and SMHX
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