Data as of Oct 28, 2026.
AIQ vs SMH: Holdings Overlap & Returns
Over the year to Oct 28, 2026, AIQ returned +21.3% to SMH's +56.8%; 29% of their weight is in the same names.
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Net assets: $10.6bn on Oct 12, 2026 for Global X Artificial Intelligence & Technology ETF, and $71.1bn on Oct 27, 2026 for VanEck Semiconductor ETF.
65% of AIQ's weight is in S&P 500 companies and 35% is outside the index. Holdings as of May 31, 2026.
79% of SMH's weight is in S&P 500 companies and 21% is outside the index. Holdings as of Oct 22, 2026.
Pair scorecard
SMH costs 0.33 points a year less; their one-year returns differ by 35.5 points; SMH is 6.7 times larger.
Points (pts) are percentage points.
| Measure | AIQ | SMH |
|---|---|---|
| Return | ||
| Total return, 1 year | +21.3% | +56.8% |
| Drawdown | ||
| Below its all-time high | 8.2%, high on Jun 2, 2026 | 15.1%, high on Jun 22, 2026 |
| Against its benchmark | ||
| What it tracks | Artificial intelligence | Semiconductors |
| Its benchmark, total return, 1 year | +13.4% | |
| Against its benchmark, 1 year | ahead by 43.4 pts | |
| Cost and size | ||
| Expense ratio | 0.68% | 0.35% |
| Net assets, as of Oct 12, 2026 | $10.6bn | $71.2bn |
| Holdings | ||
| Holdings in common | 29% | |
How different its holdings are from the S&P 500, ranked against 112 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed
A percentile among the 112 thematic ETFs with at least half their money in S&P 500 companies. Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →
Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method
Risk and return
May 25, 2018 to Oct 23, 2026 · 439 weekly returnsSMH returned more: +945.3% to +326.5%. AIQ swung less: 24.3% to 31.8%. AIQ and SMH fell about the same at their worst: −44.1% and −44.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AIQ | SMH | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +326.5% | +945.3% | SMH | Price change plus distributions, reinvested. |
| Annualized | +18.7% | +32.0% | SMH | Total return as a yearly rate. |
| Price return | +314.4% | +873.5% | SMH | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.3% | 31.8% | AIQ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.0% | 20.6% | AIQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −44.1% | −44.2% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.72 | 0.95 | SMH | Return above Treasury bills per unit of volatility. |
| Sortino | 1.09 | 1.46 | SMH | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.42 | 0.72 | SMH | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 439 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AIQ and SMH hold 29% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.
half
29% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | AIQ | SMH | AIQ | SMH |
| 3 months | +15.0% | +12.6% | not measured | +8.2 pts vs ACWI |
| 6 months | +17.0% | +13.6% | not measured | +6.2 pts vs ACWI |
| 1 year | +21.3% | +56.8% | not measured | +43.4 pts vs ACWI |
| 3 years | +151.9% | +316.0% | not measured | +227.1 pts vs ACWI |
| Since launchNot the same days: AIQ May 2018 · SMH Dec 2011 | +340.8% | +4,348.4% | not measured | +3,938.6 pts vs ACWI |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
29% of the two portfolios are the same securities at the same weight.
AIQ
By weight, 65% of AIQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 70%. The top ten holdings are 43% of the fund across 84 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned +21.3% with distributions reinvested. It sits 8.2% below its all-time high of Jun 2, 2026.
SMH
By weight, 79% 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 69% of the fund across 25 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +56.8% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 43.4 pts. It sits 15.1% below its all-time high of Jun 22, 2026.
Questions people ask
- Do AIQ and SMH hold the same stocks?
- By their latest filings, 29% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, AIQ against SMH, data as of Oct 28, 2026. https://etfiq.com/compare/themes/aiq-vs-smh
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