VanEck Semiconductor ETF
$588.12−2.87 (−0.49%)
- 0.35%
- $71.2B
- +82.2%
- 0.19%
- 9.5M sh
- $590.52
- low $315.05high $671.83
The ETF.net SMH Grade
A
Score 79 out of 100
- 2 of 25
Score 79 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A75 out of 100Rank 6 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.A79 out of 100Rank 1 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A81 out of 100Rank 2 of 17Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A95 out of 100Rank 1 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B60 out of 100Rank 10 of 21Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A92 out of 100Rank 2 of 25
Our read on SMH
AChip exposure, undiluted. SMH tracks roughly 25 of the largest, most liquid US-listed semiconductor names (foreign chipmakers included) and trades like a household ticker in its category.
The Fund aims to track, before fees and expenses, the price and yield performance of the MVIS US Listed Semiconductor 25 Index.
Why people hold it
- The index rule is simple: the 25 largest, most liquid US-listed chip stocks, each earning over half its revenue from semiconductors or semi equipment. No tech-adjacent filler.marketvector.com
- Depositary receipts count, so US-listed foreign chipmakers are in scope. That reaches parts of the supply chain a domestic-only screen leaves out.sec.gov
- Single-name weights are capped at 20%, so the giants of the industry carry real weight rather than being trimmed toward sector-average size.marketvector.com
- One of the most actively traded funds in its peer group, a multi-billion-dollar book, and VanEck has run it since 2011.
Worth knowing
- Fees sit mid-pack: 0.35% matches the semiconductor cohort median but runs above SOXQ at 0.19% and CHPS at 0.15%.
- Roughly 25 names with a 20% cap is concentration by design: the largest holdings drive most of the fund's day-to-day movement.marketvector.com
- Built as a single-industry chip sleeve, not an income holding. Distributions come once or twice a year.
SMH Holdings
- Stocks
- 26
- 68%
- NVDA
Sectors
- Technology100.0%
Geography
- United States78.95%
- Taiwan9.40%
- Netherlands5.36%
- South Korea4.19%
- United Kingdom1.13%
- Switzerland0.96%
Developed 35% · Emerging 65%
SMH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SMH$18,221
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SMH |
|---|---|
| Year to date | +64.1% |
| 1 month | +4.0% |
| 3 months | −3.3% |
| 1 year | +82.2% |
| 3 years | +57.9% |
| 5 years | +37.2% |
| 10 years | +34.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SMH |
|---|---|---|
| 2026 YTD | +64.1% | |
| 2025 | +49.2% | |
| 2024 | +39.1% | |
| 2023 | +73.4% | |
| 2022 | −33.5% | |
| 2021 | +42.1% | |
| 2020 | +55.5% |
SMH in the news
SMH Dividends
- 0.19%
- $1.10
- $1.10 per share
- Annual
Distribution history
SMH Risk
- 32.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.53
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −45.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SMH Cost
0.35%
SMH0.35%
- The middle half of Semiconductors funds
- Median 0.60%
5 of the 25 Semiconductors funds charge less.
Other funds in Semiconductors
- ASOXQInvesco PHLX Semiconductor ETFExpense ratio 0.19%1 year return +91.7%
- ACHPSXtrackers Semiconductor Select Equity ETFExpense ratio 0.15%1 year return +117.7%
- ASOXXiShares Semiconductor ETFExpense ratio 0.33%1 year return +101.0%
- AXSDState Street SPDR S&P Semiconductor ETFExpense ratio 0.35%1 year return +61.6%
- BSMHXVanEck Fabless Semiconductor ETFExpense ratio 0.35%1 year return +59.3%