Data as of . Every figure is the themes desk's own, on published data.
SMH vs XSD
27% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, SMH and XSD hold 27% of their money in the same securities at the same weight.
| Holding | SMH | XSD |
|---|---|---|
| Intel Corp | 5.15% | 2.75% |
| Micron Technology Inc | 5.68% | 2.73% |
| Advanced Micro Devices Inc | 5.63% | 2.71% |
| Marvell Technology Inc | 4.67% | 2.49% |
| Texas Instruments Inc | 4.17% | 2.22% |
| Broadcom Inc | 5.28% | 2.13% |
| Analog Devices Inc | 4.00% | 2.13% |
| NVIDIA Corp | 17.56% | 2.10% |
| QUALCOMM Inc | 3.74% | 2.04% |
| Astera Labs Inc | 1.27% | 3.08% |
| Monolithic Power Systems Inc | 1.22% | 1.97% |
| NXP Semiconductors NV | 1.15% | 2.07% |
| Only in SMH | Only in XSD |
|---|---|
| Taiwan Semiconductor Manufacturing Co Lt 9.29% | MaxLinear Inc 3.75% |
| Applied Materials Inc 5.74% | Allegro MicroSystems Inc 3.30% |
| KLA Corp 5.58% | Ambarella Inc 2.89% |
| Lam Research Corp 5.32% | Penguin Solutions Inc 2.74% |
| ASML Holding NV 5.04% | T1 Energy Inc 2.59% |
| Cadence Design Systems Inc 2.15% | Impinj Inc 2.45% |
| Synopsys Inc 1.79% | Lattice Semiconductor Corp 2.44% |
| Teradyne Inc 1.50% | Credo Technology Group Holding Ltd 2.42% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| SMH | XSD | SMH | XSD | SMH | XSD | |
| 3 months | −0.5% | −14.0% | −5.2 pts | −18.7 pts | −2.5 pts | −16.1 pts |
| 6 months | +49.0% | +52.8% | +33.8 pts | +37.7 pts | +28.8 pts | +32.7 pts |
| 1 year | +96.2% | +71.8% | +76.3 pts | +51.8 pts | +70.6 pts | +46.2 pts |
| 3 years | +267.0% | +133.1% | +189.0 pts | +55.2 pts | +173.5 pts | +39.7 pts |
| Since launch | +5013.0% | +2140.8% | +4201.6 pts | +1329.5 pts | +3328.9 pts | +456.8 pts |
| SMH VanEck Semiconductor ETF | XSD State Street(R) SPDR(R) S&P(R) Semiconductor ETF | |
|---|---|---|
| Issuer | VanEck | State Street |
| Theme | Semiconductors | Semiconductors |
| In the S&P 500 | 82.0% | 33.4% |
| Active share vs the S&P 500 | 80.6% | 89.4% |
| In the Nasdaq-100 | 85.9% | 27.5% |
| Holdings | 25 | 47 |
| Top ten, share of the fund | 70.3% | 29.0% |
| Expense ratio | 0.35% | 0.35% |
| Fee for the differing part | 0.43% | 0.39% |
| Total return, 1 year | +96.2% | +71.8% |
| vs the S&P 500 | +76.3 pts | +51.8 pts |
| vs the Nasdaq-100 | +70.6 pts | +46.2 pts |
| Below its high | −15.2% | −24.3% |
SMH in plain words
By weight, 82% of SMH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 81%. The top ten holdings are 70% of the fund across 25 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +96.2% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 76.3 pts. It sits 15.2% below its all-time high of Jun 22, 2026.
XSD in plain words
By weight, 33% of XSD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 89%. The top ten holdings are 29% of the fund across 47 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +71.8% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 51.8 pts. It sits 24.3% below its all-time high of Jun 3, 2026.
Questions people ask
- Do SMH and XSD hold the same stocks?
- By their latest filings, 27% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, SMH or XSD?
- SMH has 82% of its weight in S&P 500 names and XSD has 33%, so XSD differs more from the index.
- Which is cheaper, SMH or XSD?
- SMH charges 0.35% a year and XSD charges 0.35%, so SMH is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SMH against XSD, data as of Sep 4, 2026. https://etfiq.com/compare/themes/SMH-XSD.html Free to use with attribution; the underlying files are at Open data.