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Launched

VanEck Fabless Semiconductor ETF

SMHXNasdaqVanEckB

$50.24−1.51 (−2.91%)

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

B68/ 100

Rank 6 of 25 in Semiconductors

B68/100Rank 6 of 25inSemiconductors
Intraday session: down, 79 prints from 51.74 to 50.24. Range 50.15 to 52.49. Use the arrow keys to read each point.50.5051.0052.5010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$242M
1Y total return
+25.2%
Yield · Last 12 months
0.02%
Holdings
23
Avg volume · 30D
73.8K sh
52W range
low $34.53high $68.36
Launched

The ETF.net SMHX Grade

B

Score 68 out of 100

Category
Semiconductors⁠
Rank
6 of 25
Six-pillar profile for SMHX. Scores out of 100: Cost 75, Risk 67, Mission 72, Tradability 67, Holdings 48, Durability 71. Strongest: Cost (75). Weakest: Holdings (48). No single pillar leads.

Score 68 of 100 falls in the B 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.
    A72 out of 100
    Rank 2 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B67 out of 100
    Rank 4 of 17

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B67 out of 100
    Rank 7 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C48 out of 100
    Rank 15 of 23

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A71 out of 100
    Rank 8 of 25

Our read on SMHX

ETF.net Research

In short

BOwns the chip designers and skips the factories. SMHX tracks an index of US-listed fabless semiconductor companies: firms that design silicon in-house and hand the actual manufacturing to outside foundries.

Stated mandate

The Fund seeks to track, before fees and expenses, the price and yield performance of the MarketVector US Listed Fabless Semiconductor Index, which is intended to represent companies involved in the semiconductor industry.

Why people hold it

  • Purist screen: the index takes only US-listed fabless firms drawing at least half their revenue from semiconductors. No foundries, no equipment makers, no integrated manufacturers.vaneck.com
  • Fabless is an asset-light model by construction: design and R&D stay in-house while fabrication is outsourced, sidestepping the cost of owning a chip plant.vaneck.com
  • Charges 0.35% a year, level with the median semiconductor ETF, for a far narrower cut of the industry than the broad chip trackers.

Worth knowing

  • By design it skips foundries, equipment makers and integrated manufacturers. Broad chip funds such as SMH and SOXX still cover those links in the supply chain.
  • Cheaper doors into chips exist: SOXQ lists 0.19% and CHPS 0.15%, against 0.35% here.
  • Launched in 2024 and still a smaller, moderately traded fund, so the track record is short and spreads can run wider than at the category heavyweights.

SMHX Performance

Launched Aug 27, 2024

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

Not enough history yet.Not enough history yet.Not enough history yet.
SMHX$12,523
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. SMHX $12,523. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000Oct 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 SMHX. Periods over one year show the average yearly return.
PeriodSMHX
Year to date+36.1%
1 month−14.6%
3 months−5.6%
1 year+25.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 SMHX
YearReturn barSMHX
2026 YTD+36.1%
2025+30.0%
2024+17.7%

History from Aug 28, 2024

SMHX in the news

SMHX 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.
0.02%Last 12 months
Payout per share
$0.009Last 12 months
Last payment
$0.009 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.01; Dec 22, 2025 $0.009. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$0.009
Dec 23, 2024Dec 24, 2024$0.01

$10,000 in SMHX 1 year ago paid $2.18 in dividends.

SMHX Risk

Risk pillarB67 out of 100Rank 4 of 17 in Semiconductors
How much the fund’s monthly returns vary, scaled to a year.
38.7%
Annualised · 26 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.
0.94
vs 3-month T-bills · 26 months 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.
−38.5%
26 months · trough Apr 2025
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.
2.37
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.

SMHX Cost

Compare SMHX 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.

  • SMHX 0.35%

    $7,126

  • CHPS 0.15% Cheapest

    $3,137

$10,000
30 years

Cost over time

  • SMHX 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$8K051015202530SMHX $7,126CHPS $3,137

Year by year

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

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