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Launched

VanEck Fabless Semiconductor ETF

SMHXNasdaqB

$59.65+0.12 (+0.20%)

At close: Oct 13, 2026, 4:00 PM

B69/ 100

Rank 6 of 25 in Semiconductors

B69/100Rank 6 of 25inSemiconductors
Intraday session: up, 79 prints from 59.53 to 59.65. Range 57.97 to 59.65. Use the arrow keys to read each point.58.0058.5059.0010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$274M
1Y total return
+59.3%
Yield · Last 12 months
0.02%
Holdings
23
Avg volume · 30D
0.1M sh
NAV per share
$59.50
52W range
low $34.53high $68.36
Launched

The ETF.net SMHX Grade

B

Score 69 out of 100

Category
Semiconductors⁠
Rank
6 of 25
Six-pillar profile for SMHX. Scores out of 100: Cost 75, Risk 68, Mission 77, Tradability 71, Holdings 50, Durability 70. Strongest: Mission (77). Weakest: Holdings (50). No single pillar leads.

Score 69 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.
    A77 out of 100
    Rank 2 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B68 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.
    A71 out of 100
    Rank 7 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C50 out of 100
    Rank 13 of 21

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A70 out of 100
    Rank 8 of 25

Our read on SMHX

ETF.net Research

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

  1. 01Purist 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
  2. 02Fabless 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
  3. 03Charges 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

  1. 01By 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.
  2. 02Cheaper doors into chips exist: SOXQ lists 0.19% and CHPS 0.15%, against 0.35% here.
  3. 03Launched 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 Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
23
Top-10 weight
73%
Largest holding
NVDA18.8%

Sectors

  • Technology100.0%

Geography

  • United States87.59%
  • Cayman Islands5.15%
  • United Kingdom4.49%
  • Hong Kong2.77%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANvidia Corp18.81%231,759$53M847
002AVGOBroadcom Inc11.88%92,806$34M754
003AMDAdvanced Micro Devices Inc7.42%34,461$21M635
004MRVLMarvell Technology Inc5.36%55,040$15M470
005SNPSSynopsys Inc5.35%29,664$15M381
006CRDOCredo Technology Group Holding Ltd5.32%69,463$15M234
007CDNSCadence Design Systems Inc5.12%40,987$14M430
008MPWRMonolithic Power Systems Inc4.76%9,691$13M425
009ALABAstera Labs Inc4.69%38,735$13M263
010QCOMQualcomm Inc4.55%73,325$13M522
011ARMArm Holdings Plc4.16%44,146$12M107
012LSCCLattice Semiconductor Corp3.78%84,829$11M200
013SITMSitime Corp3.65%16,819$10M149
014SMTCSemtech Corp3.52%53,084$10M178
015SIMOSilicon Motion Technology Corp2.70%28,930$8M43

Showing 1–15 of 23 holdings

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$15,929
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. SMHX $15,929. SPY $12,044. Use the arrow keys to read each point.$8,875$13,770$18,665Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for SMHX. Periods over one year show the average yearly return.
PeriodSMHX
Year to date+56.5%
1 month+5.0%
3 months−3.5%
1 year+59.3%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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+56.5%
2025+30.0%
2024+17.7%

History from Aug 28, 2024

SMHX in the news

Filtered to SMHX · Semiconductors

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 12, 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

SMHX Risk

How much the fund’s monthly returns vary, scaled to a year.
37.3%
Annualised · 25 months to Sep 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.
1.20
vs 3-month T-bills · 25 months to Sep 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%
25 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.

SMHX Cost

Expense ratio0.35%
  • The middle half of Semiconductors funds
  • Median 0.60%

5 of the 25 Semiconductors funds charge less.

SMHX costs $35.00 a year on $10,000. The median Semiconductors fund costs $60.00.

Other funds in Semiconductors

See others