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
$ 71.6 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 | 15.2 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 9.4 % |
| MICRON TECHNOLOGY INC | 7.8 % |
| ADVANCED MICRO DEVICES | 7.6 % |
| INTEL CORP | 7.2 % |
| BROADCOM INC. | 7.2 % |
| QUALCOMM INC | 5.1 % |
| TEXAS INSTRUMENTS INC | 4.6 % |
| LAM RESEARCH CORP | 4.4 % |
| KLA CORPORATION | 4.0 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 748 |
| Wgt avg mkt cap (mns) | $1,244,998 |
| Large cap (>$10bn) | 99.4% |
| Mid cap ($2-10bn) | 0.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 90.2% |
| Emerging mkts. | 9.8% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 83.1 % |
 |
TAIWAN | 9.4 % |
 |
NETHERLANDS | 5.2 % |
 |
SWITZERLAND | 1.2 % |
 |
BRITAIN | 1.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 66.3% | 149.8% | 57.8% | 60.7% | 36.9% | 35.6% | -- | 29.1% |
| Dividend Yield | 0.0% | 0.8% | 0.6% | 0.7% | 0.8% | 1.3% | -- | 1.7% |
| Total Returns | 66.3% | 150.6% | 58.4% | 61.4% | 37.7% | 36.9% | -- | 30.8% | Ann. Volatility | 35.8% | 30.5% | 37.6% | 34.3% | 35.0% | 32.5% | -- | 29.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.06 | 63% |
| MSCI EAFE | 1.26 | 38% |
| MSCI Emg Mkts | 1.21 | 62% |
Liquidity Measures
| Avg. volume (000) | 10,181 |
| ADV traded (mns) | $6,437 |
| Turnover | 9.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $538.26 |
| Relative strength (RSI) | 70 |
| MACD/Signal | 30.47/30.40 |
| Bollinger Bands (Upper/Lower) | $616.43/$507.14 |
| Short interest (% of AUM) | 8.0% |
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 | 83.8% | +5 bp | -0.2% |
| SOXQ | Invesco PHLX Semiconductor ETF | 75.8% | -16 bp | -0.1% |
| SOXX | iShares Semiconductor ETF | 71.4% | 0 bp | -0.2% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 63.4% | +25 bp | -0.3% |
| CHPX | Global X AI Semiconductor & Quantum ETF | 60.6% | +15 bp | -0.3% |
| WUGI | AXS Esoterica NextG Economy ETF | 55.8% | +40 bp | +0.0% |
| XNTK | State Street SPDR NYSE Technology ETF | 48.8% | 0 bp | +0.6% |
| XLK | Technology Select Sector SPDR | 47.9% | -27 bp | +1.4% |
| SMHX | VanEck Fabless Semiconductor ETF | 44.2% | 0 bp | -0.1% |
| IYW | iShares U.S. Technology ETF | 43.5% | +5 bp | +1.4% |
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 6/3/2026
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
2.1%
ALTAR SCORE™
7th
PERCENTILE
AVOID
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. SMH's ALTAR Score™ is approximately -1.5 standard
deviations above the category average. This places SMH in the 7th percentile
among funds in the category.
Sell-Side Consensus
$541.76
PRICE TARGET
-14.3%
UPSIDE