WAF.DE vs. SHECY

Last updated Jun 5, 2026

WAF.DE (Siltronic AG) and SHECY (Shin-Etsu Chemical Co Ltd ADR) are both stocks. WAF.DE operates in Semiconductors (Technology), while SHECY operates in Chemicals (Basic Materials). Over the past 10 years, WAF.DE returned 24.55%/yr vs 15.36%/yr for SHECY. At a 0.25 correlation, their price movements are largely independent.

Performance

WAF.DE vs. SHECY - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Siltronic AG (WAF.DE) and Shin-Etsu Chemical Co Ltd ADR (SHECY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WAF.DE is traded in EUR, while SHECY is traded in USD. To make them comparable, the SHECY values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, WAF.DE achieves a 104.91% return, which is significantly higher than SHECY's 55.56% return. Over the past 10 years, WAF.DE has outperformed SHECY with an annualized return of 24.55%, while SHECY has yielded a comparatively lower 15.36% annualized return.

WAF.DE

• 1D: -4.11%
• 1M: 19.07%
• YTD: 104.91%
• 6M: 102.75%
• 1Y: 171.40%
• 3Y*: 9.51%
• 5Y*: -4.41%
• 10Y*: 24.55%

SHECY

• 1D: -1.62%
• 1M: 4.98%
• YTD: 55.56%
• 6M: 53.23%
• 1Y: 47.05%
• 3Y*: 11.59%
• 5Y*: 7.38%
• 10Y*: 15.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WAF.DE vs. SHECY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WAF.DE Siltronic AG	104.91%	5.70%	-45.63%	36.13%	-50.09%	11.98%	53.89%	32.15%	-39.43%	175.53%
SHECY Shin-Etsu Chemical Co Ltd ADR	55.56%	-16.25%	-15.03%	66.04%	-25.37%	6.11%	46.74%	46.46%	-20.77%	15.12%

Correlation

The correlation between WAF.DE and SHECY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jun 12, 2015	0.25

Return for Risk

WAF.DE vs. SHECY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WAF.DE

WAF.DE Risk / Return Rank: 91
WAF.DE Sharpe Ratio Rank: 94
WAF.DE Sortino Ratio Rank: 90
WAF.DE Omega Ratio Rank: 87
WAF.DE Calmar Ratio Rank: 93
WAF.DE Martin Ratio Rank: 91

SHECY

SHECY Risk / Return Rank: 77
SHECY Sharpe Ratio Rank: 81
SHECY Sortino Ratio Rank: 75
SHECY Omega Ratio Rank: 73
SHECY Calmar Ratio Rank: 77
SHECY Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WAF.DE vs. SHECY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Siltronic AG (WAF.DE) and Shin-Etsu Chemical Co Ltd ADR (SHECY). 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.

	WAF.DE	SHECY	Difference
Sharpe ratio: Return per unit of total volatility	2.85	1.39	+1.46
Sortino ratio: Return per unit of downside risk	3.26	1.93	+1.32
Omega ratio: Gain probability vs. loss probability	1.38	1.24	+0.14
Calmar ratio: Return relative to maximum drawdown	5.83	2.31	+3.52
Martin ratio: Return relative to average drawdown	13.18	6.07	+7.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WAF.DE vs. SHECY - Sharpe Ratio Comparison

The current WAF.DE Sharpe Ratio is 2.85, which is higher than the SHECY Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of WAF.DE and SHECY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WAF.DE	SHECY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	1.39	+1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.25	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.52	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.08	+0.21

Drawdowns

WAF.DE vs. SHECY - Drawdown Comparison

The maximum WAF.DE drawdown since its inception was -75.31%, smaller than the maximum SHECY drawdown of -82.85%. Use the drawdown chart below to compare losses from any high point for WAF.DE and SHECY.

Drawdown Indicators

	WAF.DE	SHECY	Difference
Max Drawdown Largest peak-to-trough decline	-75.31%	-82.85%	+7.54%
Max Drawdown (1Y) Largest decline over 1 year	-29.23%	-20.50%	-8.73%
Max Drawdown (3Y) Largest decline over 3 years	-64.32%	-44.53%	-19.79%
Max Drawdown (5Y) Largest decline over 5 years	-74.82%	-44.53%	-30.29%
Max Drawdown (10Y) Largest decline over 10 years	-75.31%	-44.53%	-30.78%
Current Drawdown Current decline from peak	-22.31%	-2.76%	-19.55%
Average Drawdown Average peak-to-trough decline	-35.85%	-42.57%	+6.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.95%	7.77%	+5.18%

Volatility

WAF.DE vs. SHECY - Volatility Comparison

Siltronic AG (WAF.DE) has a higher volatility of 24.14% compared to Shin-Etsu Chemical Co Ltd ADR (SHECY) at 11.44%. This indicates that WAF.DE's price experiences larger fluctuations and is considered to be riskier than SHECY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WAF.DE	SHECY	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.14%	11.44%	+12.70%
Volatility (6M) Calculated over the trailing 6-month period	42.74%	27.28%	+15.46%
Volatility (1Y) Calculated over the trailing 1-year period	60.05%	34.05%	+26.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.99%	30.21%	+12.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.14%	29.61%	+16.53%

Dividends

WAF.DE vs. SHECY - Dividend Comparison

Neither WAF.DE nor SHECY has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SHECY Shin-Etsu Chemical Co Ltd ADR	0.00%	1.18%	1.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.39%
WAF.DE Siltronic AG	0.00%	0.41%	5.16%	3.39%	4.40%	1.41%	4.68%	5.57%	3.46%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both WAF.DE and SHECY in my portfolio?

WAF.DE and SHECY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.