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Launched · SEC filings

VanEck Semiconductor ETF

SMHNasdaqVanEckA

$508.31−14.18 (−2.71%)

At close: Nov 2, 2026, 4:00 PM ET

A79/ 100

Rank 2 of 25 in Semiconductors

A79/100Rank 2 of 25inSemiconductors
Intraday session: down, 79 prints from 522.49 to 508.31. Range 506.81 to 531.12. Use the arrow keys to read each point.515.00530.0010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$66.4B
1Y total return
+44.4%
Yield · Last 12 months
0.21%
Holdings
27
Avg volume · 30D
9.16M sh
52W range
low $315.05high $671.83
Launched
Filings
SEC EDGAR

The ETF.net SMH Grade

A

Score 79 out of 100

Category
Semiconductors⁠
Rank
2 of 25
Six-pillar profile for SMH. Scores out of 100: Cost 75, Risk 79, Mission 79, Tradability 97, Holdings 60, Durability 92. Strongest: Tradability (97). Weakest: Holdings (60). Leans toward Tradability and Durability.

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 100
    Rank 6 of 25

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A79 out of 100
    Rank 1 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A79 out of 100
    Rank 2 of 17

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A97 out of 100
    Rank 1 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B60 out of 100
    Rank 9 of 23

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A92 out of 100
    Rank 2 of 25

Our read on SMH

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Dec 20, 2011

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SMH$14,437
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SMH $14,437. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000$17,500Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for SMH. Periods over one year show the average yearly return.
PeriodSMH
Year to date+45.1%
1 month−14.2%
3 months−3.3%
1 year+44.4%
3 yearsper year+56.2%
5 yearsper year+31.5%
10 yearsper year+32.4%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SMH
YearReturn barSMH
2026 YTD+45.1%
2025+49.2%
2024+39.1%
2023+73.4%
2022−33.5%
2021+42.1%
2020+55.5%

SMH in the news

SMH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.21%Last 12 months
Payout per share
$1.10Last 12 months
Last payment
$1.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 8 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.70; Dec 20, 2018 $0.82; Dec 21, 2020 $0.75; Dec 20, 2021 $0.79; Dec 19, 2022 $1.20; Dec 18, 2023 $1.04; Dec 23, 2024 $1.07; Dec 22, 2025 $1.10. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$1.10
Dec 23, 2024Dec 24, 2024$1.07
Dec 18, 2023Dec 22, 2023$1.04
Dec 19, 2022Dec 23, 2022$1.20
Dec 20, 2021Dec 27, 2021$0.79
Dec 21, 2020Dec 28, 2020$0.75
Dec 23, 2019Dec 30, 2019No data
Dec 20, 2018Dec 27, 2018$0.82
Dec 18, 2017Dec 22, 2017$0.70
Dec 19, 2016Dec 23, 2016$0.29
Dec 21, 2015Dec 28, 2015$0.57
Dec 22, 2014Dec 29, 2014$0.32

See all 167 payments⁠

$10,000 in SMH 10 years ago paid $2,331 in dividends.⁠

SMH Risk

Risk pillarA79 out of 100Rank 2 of 17 in Semiconductors
How much the fund’s monthly returns vary, scaled to a year.
33.9%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.37
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−45.3%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.98
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SMH Cost

Compare SMH and CHPS

Overpaying vs CHPS, cheapest in Semiconductors

$3,989

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SMH 0.35%

    $7,126

  • CHPS 0.15% Cheapest

    $3,137

$10,000
30 years

Cost over time

  • SMH 0.35%
  • CHPS 0.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530SMH $7,126CHPS $3,137

Year by year

YearSMHCHPSOverpaying
10$634$274$360
20$2,454$1,071$1,383
30$7,126$3,137$3,989

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