VanEck Semiconductor ETF (SMH) ETF Analysis

Fund Overview

VanEck Semiconductor ETF (SMH) is an exchange-traded fund in the Technology category. VanEck is the fund family on file. The inception date on file is December 20, 2011. The fund holds $67.79B in total net assets. Annual costs run at an expense ratio of 0.35%. On a $10,000 position that is $35.00 a year.

Its biggest positions are NVIDIA Corp (NVDA), Taiwan Semiconductor Manufacturing Co Ltd ADR (TSM), and Broadcom Inc (AVGO). NVIDIA Corp alone accounts for 19.27% of the portfolio. The ten largest positions together make up 74.46% of the fund.

Performance Analysis

SMH last closed at $567.01 on September 4, 2026. The trailing one-year price return is +96.22%. The stored price history starts on February 7, 2025, and the total return since then is +132.15%. The fund distributes at a trailing yield of 0.2%. The provider also reports a 3 years average return of +53.05%.

2026 is still running; the price is +57.45% year to date.

Price & Risk Profile

The 52-week range on file runs from $294.80 to $671.83. The latest close sits 92.34% above that 52-week low. Annualized volatility over the trailing 1 year is 39.26%. Beta against the wider market is reported at 2.06. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.