SHOC vs SMH

SHOCBStrive U.S. Semiconductor ETF

SMHAVanEck Semiconductor ETF

In short

SHOC SHOC keeps the chip trade domestic and compact: roughly 30 U.S.-listed semiconductor names from Solactive's capped index, with position limits so one megacap can't run the whole show. Strive launched it in 2022.

SMH Chip 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

SHOC The Fund seeks to track, before fees and expenses, the total return of an index composed of U.S.-listed equities in the semiconductor sector. Its specified index is the Solactive United States Semiconductors 30 Capped Index.

SMH 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

• SHOC Domestic by design. The index is built from U.S.-listed semiconductor equities, so this is a stateside silicon basket rather than a global chip fund.
• The capped index limits how large any single name can grow inside a roughly 30-stock portfolio, spreading weight across more of the chip complex than a top-heavy build.
• Rules over hunches: it tracks a named Solactive index, and the sector, geography and objective are spelled out in the fund's own registration statement.

• SMH 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

• SHOC Fee math is the trade-off: 0.40% a year sits above the semiconductor group's median and above cheap index rivals like CHPS (0.15%) and SOXQ (0.19%).
• It trades lighter than the category's household names such as SMH and SOXX, so bid-ask spreads can run wider and size takes more care to work.
• Concentration cuts both ways. About 30 stocks in one cyclical industry means this rides the chip cycle rather than smoothing it out.

• SMH 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.

Full SHOC profile⁠

Full SMH profile⁠