# How SK hynix (SKHY) compares with the whole market and its popular alternatives

> Source: BetterThanSPY research, https://betterthanspy.com/research/skhy
> Data as of October 22, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on SKHY alone. It places SKHY (SK hynix Inc.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken and diversification. The result is a clearer view of where SKHY stands in the market, and of the alternatives worth a closer look.

Period covered: SKHY's full trading record. All returns include reinvested dividends. Data as of October 22, 2026.

## Key findings

- **Right now:** Over the past 3 months, SKHY fell 20.3% while the S&P 500 rose 2.5%. The slide is SKHY's own: it is 33.7% below its high, against 1.9% for the S&P 500.
- **Stock or market?:** Not a move of its own: the semiconductors ETF SMH (VanEck Semiconductor ETF) fell 10.8% over the past 3 months, with AVGO (Broadcom, down 18.4%) and MU (Micron Technology, down 10.7%), while the S&P 500 rose 2.5%. Its semiconductor peers did not move as one over the past 3 months: NVDA (NVIDIA) rose 0.2%, while WDC (Western Digital) fell 36.4%.
- **Past 1 to 3 years:** It took 2 months for SKHY to win back the 34.6% it lost in July 2026. the S&P 500 fell 3.0% over those same dates.

## SKHY at a glance

This section summarizes the key facts about the stock, its returns over the months since it began trading and the risk it has carried, with dividends reinvested throughout.

- SKHY is still 33.7% below its all-time high.
- SKHY's deepest decline since it began trading in 2026 was 34.6%, in July 2026. It took two months from the low to climb back to its old high.

- Type: Stock, Technology (Semiconductors)
- Trading since: July 10, 2026
- Market value: $935B
- Worst decline ever: −34.6%, from July 14, 2026 to July 29, 2026; back at its high by September 9, 2026

| Period | SKHY total return |
| --- | --- |
| 1 month | −32.6% |
| 3 months | −20.3% |

## SKHY against its popular alternatives

The investments people most often weigh against SKHY, compared period by period and year by year.

### Has SKHY consistently beaten its popular alternatives?

This section compares SKHY with the investments people most often weigh against it, checking each one over two periods from one month to three months.

- 14 of the 21 popular alternatives, led by MRVL, DELL and NVDA, outperformed SKHY in both of its timeframes.

| Investment | Periods ahead of SKHY | Verdict | Sharpe |
| --- | --- | --- | --- |
| SKHY: SK hynix Inc. (this page) |  |  | — |
| [MRVL](https://betterthanspy.com/research/mrvl): Marvell Technology, Inc. | 2/2 short-term | consistent | — |
| [DELL](https://betterthanspy.com/research/dell): Dell Technologies Inc. | 2/2 short-term | consistent | — |
| [NVDA](https://betterthanspy.com/research/nvda): NVIDIA Corporation | 2/2 short-term | consistent | — |
| [ADI](https://betterthanspy.com/research/adi): Analog Devices, Inc. | 2/2 short-term | consistent | — |
| [QCOM](https://betterthanspy.com/research/qcom): QUALCOMM Incorporated | 2/2 short-term | consistent | — |
| [TSM](https://betterthanspy.com/research/tsm): Taiwan Semiconductor Manufacturing Company Limited | 2/2 short-term | consistent | — |
| [TXN](https://betterthanspy.com/research/txn): Texas Instruments Incorporated | 2/2 short-term | consistent | — |
| [AMD](https://betterthanspy.com/research/amd): Advanced Micro Devices, Inc. | 2/2 short-term | consistent | — |
| [MU](https://betterthanspy.com/research/mu): Micron Technology, Inc. | 2/2 short-term | consistent | — |
| [UMC](https://betterthanspy.com/research/umc): United Microelectronics Corporation | 2/2 short-term | consistent | — |
| [ASML](https://betterthanspy.com/research/asml): ASML Holding N.V. | 2/2 short-term | consistent | — |
| [INTC](https://betterthanspy.com/research/intc): Intel Corp. | 2/2 short-term | consistent | — |
| RMBS: Rambus Inc. | 2/2 short-term | consistent | — |
| [AVGO](https://betterthanspy.com/research/avgo): Broadcom Inc. | 2/2 short-term | consistent | — |
| GFS: GLOBALFOUNDRIES Inc. | 1/2 short-term |  | — |
| [LRCX](https://betterthanspy.com/research/lrcx): Lam Research Corporation | 1/2 short-term |  | — |
| [STX](https://betterthanspy.com/research/stx): Seagate Technology Holdings plc | 1/2 short-term |  | — |
| [KLAC](https://betterthanspy.com/research/klac): KLA Corporation | 1/2 short-term |  | — |
| [AMAT](https://betterthanspy.com/research/amat): Applied Materials, Inc. | 1/2 short-term |  | — |
| [WDC](https://betterthanspy.com/research/wdc): Western Digital Corporation | 1/2 short-term |  | — |
| SIMO: Silicon Motion Technology Corporation | 0/2 short-term |  | — |

## Risk and diversification

How SKHY has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

### What were SKHY's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- In all three of SKHY's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: SKHY fell 34.6% in July 2026, while the S&P 500 slipped only 3.0%.
- None of these declines kept SKHY below its old high for long; the longest climb back took two months.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −34.6% | July 14, 2026 | July 29, 2026 | September 9, 2026 | −3.0% |  |
| −33.7% | September 9, 2026 | October 22, 2026 | not yet | +0.4% |  |
| −9.3% | July 10, 2026 | July 13, 2026 | July 14, 2026 | −0.8% |  |

## Common questions

### What was SKHY's worst drawdown?

SKHY's deepest decline since it began trading in 2026 was 34.6%, in July 2026. It took two months from the low to climb back to its old high. Because SKHY launched in July 2026, that record does not include the dot-com bust, the 2008 financial crisis or eight other sell-offs.

### What are the best alternatives to SKHY?

Of the 21 popular alternatives we compared, 14 outperformed SKHY in both of its timeframes, with dividends reinvested: MRVL, DELL and NVDA.

## More research

- [Marvell Technology (MRVL) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/mrvl)
- [Dell Technologies (DELL) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/dell)
- [NVIDIA (NVDA) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/nvda)
- [Analog Devices (ADI) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/adi)
- [QUALCOMM (QCOM) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/qcom)
- [Taiwan Semiconductor Manufacturing (TSM) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/tsm)
- [Texas Instruments (TXN) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/txn)
- [Advanced Micro Devices (AMD) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/amd)
- [Micron Technology (MU) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/mu)
- [United Microelectronics (UMC) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/umc)
- [ASML Holding (ASML) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/asml)
- [Intel (INTC) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/intc)

## Explore further

- Full page with charts: https://betterthanspy.com/research/skhy
- All research pages: https://betterthanspy.com/llms.txt
- Compare the entire market against SKHY live: https://betterthanspy.com/?b=SKHY