ASMH vs SOXQ

ASMHBASML Holding NV ADRhedged

SOXQAInvesco PHLX Semiconductor ETF

In short

ASMH Buy ASML through a plain US ADR and you own the euro too. ASMH pairs the ADR with a currency hedge contract, aiming at ASML's home-market total return instead of a dollar-translated one, for 0.19% a year.

SOXQ SOXQ owns the semiconductor industry's landmark benchmark, the PHLX Semiconductor Sector Index, for 0.19% a year. About 30 US-listed chip names, at roughly half the fee of the typical semiconductor fund.

Stated mandate

ASMH The fund provides exposure to the individual international company ASML Holding through an ADRhedged ETF structure that combines the ADR with a currency contract intended to mitigate foreign-exchange risk.

SOXQ The Fund seeks to track the investment results, before fees and expenses, of the PHLX Semiconductor Sector Index.

Why people hold it

• ASMH Holds the ASML ADR alongside a euro hedge contract that is marked to market daily, so the target is the stock's local-market total return, not the ADR's currency-translated version.adrhedged.com
• 0.19% a year, below the 0.35% median for the semiconductor funds we track, with the currency hedge built into the wrapper rather than something you assemble yourself.
• It is a US-listed ETF, so the hedged exposure lands in an ordinary brokerage account. No foreign listing, no separate FX trade to place or roll.precidian.com
• Part of a whole ADRhedged lineup (Taiwan Semiconductor, Arm, STMicroelectronics, Sony and more), so the same hedged structure extends name by name across international blue chips.sec.gov

• SOXQ Charges 0.19% a year against a semiconductor-fund median near 0.35%. Same industry, less friction.
• Undercuts the category's best-known tickers on fee: SMH at 0.35% and SOXX at 0.33%.
• Tracks the PHLX Semiconductor Sector Index, a focused basket of roughly 30 US chip companies. No stock-picking, no theme drift.
• A multi-billion-dollar, actively traded fund, and one of the stronger builds in the semiconductor cohort.

Worth knowing

• ASMH This is one company, not a chip basket. Cohort peers like SOXX and SMH spread across dozens of names; here everything rides on ASML.
• A hedge cuts both ways: a falling dollar no longer flatters your return the way it can with an unhedged ADR, and hedging carries its own costs and tracking slippage.adrhedged.com
• Launched in 2025, still small and lightly traded, which tends to mean wider spreads than the big semiconductor funds and a short record to judge.

• SOXQ About 30 stocks in one industry. That concentration puts it among the more volatile funds in its peer group, in both directions.
• Not the absolute cheapest chip ETF: CHPS runs 0.15%, though it tracks a different index.
• Launched in 2021, so its record is shorter than the decade-plus histories of the category's older funds.

Full ASMH profile⁠

Full SOXQ profile⁠