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
$ 64.3 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 | 21.2 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 9.2 % |
| BROADCOM INC. | 6.2 % |
| ADVANCED MICRO DEVICES | 5.9 % |
| MICRON TECHNOLOGY INC | 5.3 % |
| ASML HOLDING NV-NY REG SHS | 5.2 % |
| APPLIED MATERIALS INC | 5.0 % |
| TEXAS INSTRUMENTS INC | 4.6 % |
| KLA CORPORATION | 4.6 % |
| LAM RESEARCH CORP | 4.4 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 830 |
| Wgt avg mkt cap (mns) | $1,614,086 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 90.8% |
| Emerging mkts. | 9.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 82.3 % |
 |
TAIWAN | 9.2 % |
 |
NETHERLANDS | 6.5 % |
 |
SWITZERLAND | 1.0 % |
 |
BRITAIN | 1.0 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 82.1% | 135.2% | 58.6% | 62.7% | 38.0% | 36.8% | -- | 29.7% |
| Dividend Yield | 0.0% | 0.7% | 0.6% | 0.7% | 0.8% | 1.3% | -- | 1.7% |
| Total Returns | 82.1% | 135.9% | 59.2% | 63.5% | 38.8% | 38.1% | -- | 31.4% | Ann. Volatility | 42.6% | 35.4% | 39.4% | 35.9% | 35.9% | 33.0% | -- | 29.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.26 | 61% |
| MSCI EAFE | 1.44 | 39% |
| MSCI Emg Mkts | 1.30 | 68% |
Liquidity Measures
| Avg. volume (000) | 13,303 |
| ADV traded (mns) | $7,169 |
| Turnover | 11.2% |
| Avg. Bid/Ask (% of price) | 0.01% |
Technical Indicators
| 30d moving avg. (EMA) | $590.12 |
| Relative strength (RSI) | 49 |
| MACD/Signal | -8.72/-4.90 |
| Bollinger Bands (Upper/Lower) | $642.81/$545.50 |
| 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 | 79.8% | +5 bp | -0.2% |
| SOXX | iShares Semiconductor ETF | 71.5% | 0 bp | -0.1% |
| SOXQ | Invesco PHLX Semiconductor ETF | 67.4% | -16 bp | -0.1% |
| CHPS | Xtrackers Semiconductor Select Equity ETF | 63.8% | -20 bp | +0.8% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 59.2% | +25 bp | -0.2% |
| CHPX | Global X AI Semiconductor & Quantum ETF | 58.2% | +15 bp | -0.2% |
| WUGI | AXS Esoterica NextG Economy ETF | 57.2% | +40 bp | +0.2% |
| SMHX | VanEck Fabless Semiconductor ETF | 48.1% | 0 bp | +0.0% |
| XLK | Technology Select Sector SPDR | 46.8% | -27 bp | +1.6% |
| GXPT | Global X PureCap MSCI Information Technology ETF | 46.4% | -10 bp | +1.8% |
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 8/1/2026
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
2.6%
ALTAR SCORE™
9th
PERCENTILE
AVOID
ETFRC RATING
There are 1,402 funds in the US Equity category with an average
ALTAR Score™ of 5.3% 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 9th percentile
among funds in the category.
Sell-Side Consensus
$553.48
PRICE TARGET
+2.7%
UPSIDE