SMH
VanEck Semiconductor ETF
VanEck Vectors Semiconductor is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance results of the VanEck Vectors US Listed Semiconductor 25 Index.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 69.0 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Dec 20, 2011 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 23.4 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 9.7 % |
| MICRON TECHNOLOGY INC | 5.8 % |
| BROADCOM INC. | 5.8 % |
| ADVANCED MICRO DEVICES | 5.4 % |
| ASML HOLDING NV-NY REG SHS | 5.0 % |
| LAM RESEARCH CORP | 4.4 % |
| ANALOG DEVICES INC | 4.2 % |
| TEXAS INSTRUMENTS INC | 4.2 % |
| APPLIED MATERIALS INC | 4.2 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 858 |
| Wgt avg mkt cap (mns) | $1,655,904 |
| Large cap (>$10bn) | 99.9% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 90.4% |
| Emerging mkts. | 9.6% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 82.2 % |
 |
TAIWAN | 9.7 % |
 |
NETHERLANDS | 6.1 % |
 |
SWITZERLAND | 1.0 % |
 |
BRITAIN | 1.0 % |
Historical Performance
Standardized Performance (as of 08/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 54.6% | 91.8% | 51.2% | 52.7% | 32.7% | 32.6% | -- | 27.9% |
| Dividend Yield | 0.0% | 0.6% | 0.6% | 0.7% | 0.8% | 1.2% | -- | 1.7% |
| Total Returns | 54.6% | 92.3% | 51.8% | 53.4% | 33.5% | 33.8% | -- | 29.6% | Ann. Volatility | 43.5% | 39.3% | 39.0% | 36.9% | 36.7% | 33.5% | -- | 29.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.40 | 61% |
| MSCI EAFE | 1.65 | 43% |
| MSCI Emg Mkts | 1.35 | 72% |
Liquidity Measures
| Avg. volume (000) | 6,867 |
| ADV traded (mns) | $3,894 |
| Turnover | 5.7% |
| Avg. Bid/Ask (% of price) | 0.01% |
Technical Indicators
| 30d moving avg. (EMA) | $575.05 |
| Relative strength (RSI) | 52 |
| MACD/Signal | -0.19/-5.63 |
| Bollinger Bands (Upper/Lower) | $608.96/$519.25 |
| Short interest (% of AUM) | 13.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SMH |
Expenses vs. SMH |
ALTAR Score™ vs. SMH |
|---|---|---|---|---|
| SHOC | Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF | 83.0% | +5 bp | -0.2% |
| SOXX | iShares Semiconductor ETF | 73.6% | 0 bp | -0.1% |
| SOXQ | Invesco PHLX Semiconductor ETF | 67.0% | -16 bp | -0.1% |
| CHPS | Xtrackers Semiconductor Select Equity ETF | 61.9% | -20 bp | +0.8% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 58.5% | +25 bp | -0.2% |
| CHPX | Global X AI Semiconductor & Quantum ETF | 58.3% | +15 bp | -0.3% |
| WUGI | AXS Esoterica NextG Economy ETF | 57.3% | +40 bp | +0.1% |
| SMHX | VanEck Fabless Semiconductor ETF | 49.4% | 0 bp | +0.1% |
| AIX | Defiance US 100 Tech AI Moat ETF | 45.8% | +30 bp | +1.7% |
| GXPT | Global X PureCap MSCI Information Technology ETF | 45.0% | -10 bp | +1.7% |
Risk and Returns: SMH vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
2.5%
ALTAR SCORE™
8th
PERCENTILE
AVOID
ETFRC RATING
There are 1,408 funds in the US Equity category with an average
ALTAR Score™ of 5.2% and a standard deviation
of 2.0%. SMH's ALTAR Score™ is approximately -1.4 standard
deviations above the category average. This places SMH in the 8th percentile
among funds in the category.
Sell-Side Consensus
$553.48
PRICE TARGET
-2.4%
UPSIDE