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NASDAQ · Technology · USD · ETF

VanEck Semiconductor ETF (SMH) ETF Analysis

SMH
Expense ratio 0.35% Yield 0.18% Assets $74.88B Since December 20, 2011 Family VanEck

Last Updated: October 21, 2026

$556.70
+$10.34 (+1.89%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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Key facts

As of October 21, 2026, the annualized return for SMH over 10 years is +33.51%.

SMH charges an expense ratio of 0.35%.

SMH has $74.88B in net assets.

SMH Annualized Returns

PeriodAnnualized$100 becomes
1 year+61.72%$161.72
3 years+58.36%$397.11
5 years+33.61%$425.73
10 years+33.51%$1,800.00

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

SMH Return by Calendar Year

2016 and 2026 are partial years

View as table ↓View as chart ↑
YearReturn
2026 (partial year)+54.58%
2025+49.17%
2024+39.10%
2023+73.38%
2022−33.53%
2021+42.13%
2020+55.53%
2019+64.45%
2018−9.05%
2017+38.48%
2016 (partial year)+12.50%

SMH Monthly Returns

−18%+33%
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+12.0+0.7−5.7+32.2+18.2+9.5−17.6+3.0+9.4−8.6——
2025+0.6−4.5−9.2−0.1+13.5+16.3+3.5+0.5+12.4+11.2−3.0+2.5
2024+6.3+14.0+6.2−4.8+12.3+8.4−5.3−1.4+0.8−1.5+0.2+0.5
2023+16.8+1.0+9.9−6.1+16.7+5.5+5.5−2.7−7.2−4.2+15.5+9.6
2022−10.8−2.6+0.6−14.8+6.4−16.7+16.4−9.5−13.7+2.2+20.4−9.9
2021+3.7+6.3+1.1−0.2+2.5+5.2+0.3+2.9−5.4+6.8+11.4+1.8
2020−2.7−4.1−11.2+14.2+5.5+8.3+8.8+5.5−0.7+0.4+19.2+5.4
2019+10.7+7.0+2.9+9.3−15.5+12.2+6.3−2.3+4.1+7.0+4.3+8.0
2018+8.9+0.0−2.1−6.8+10.3−4.2+3.1+2.9−2.3−12.2+3.5−8.1
2017+3.9+2.6+4.3−0.0+7.9−4.8+4.9+3.2+5.4+8.9−1.3−1.0

Monthly total returns with dividends reinvested; each cell prints its signed value.

SMH Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs
Annualized volatility
33.60%
Beta (3y)
2.00
Best year
+73.38%

2023

Worst year
−33.53%

2022

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Top Holdings

# Symbol Name Weight
1 NVDA NVIDIA Corp 19.31%
2 TSM Taiwan Semiconductor Manufacturing Co Ltd ADR 9.28%
3 AMD Advanced Micro Devices Inc 5.54%
4 AVGO Broadcom Inc 5.27%
5 MU Micron Technology Inc 4.92%
6 AMAT Applied Materials Inc 4.66%
7 INTC Intel Corp 4.66%
8 TXN Texas Instruments Inc 4.6%
9 KLAC KLA Corp 4.59%
10 ASML ASML Holding NV ADR 4.54%

Analysis

Data-derived

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 $74.88B 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 Advanced Micro Devices Inc (AMD). NVIDIA Corp alone accounts for 19.31% of the portfolio. The ten largest positions together make up 67.35% of the fund.

Performance Analysis

SMH last closed at $556.70 on October 21, 2026. The trailing one-year total return is +61.72%. Across 10 years the annualized return works out at +33.51%. The fund distributes at a trailing yield of 0.18%.

2026 is still running; the total return is +54.58% year to date. The strongest complete calendar year on file is 2023 at +73.38%; the weakest is 2022 at −33.53%. Of the 9 complete calendar years on file, 7 finished higher.

Price & Risk Profile

The 52-week range on file runs from $315.05 to $671.83. The latest close sits 76.7% above that 52-week low. Annualized volatility over the trailing 10 years is 33.6%. Beta against the wider market is reported at 2. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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