Data as of .
EUV vs SMH: which is really different?
EUV and SMH hold 30% of their weight in the same names.
ETFIQ Off-Index Score: EUV scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
30% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, EUV and SMH hold 30% of their money in the same securities at the same weight.
| Holding | EUV | SMH |
|---|---|---|
| Taiwan Semiconductor Manufacturing Co Lt | 11.79% | 9.80% |
| ASML Holding NV | 9.97% | 4.81% |
| Applied Materials Inc | 5.81% | 3.89% |
| Lam Research Corp | 5.78% | 3.87% |
| MARVELL TECHNOLOGY INC | 3.83% | 4.41% |
| KLA CORP | 4.63% | 3.66% |
| Only in EUV | Only in SMH |
|---|---|
| Lumentum Holdings Inc 4.87% | Nvidia Corp 22.43% |
| Corning Inc 4.58% | Advanced Micro Devices Inc 6.16% |
| Coherent Corp 3.87% | Broadcom Inc 5.67% |
| Ciena Corp 3.04% | Micron Technology Inc 5.61% |
| MACOM Technology Solutions Holdings Inc 2.89% | Intel Corp 4.70% |
| Entegris Inc 2.73% | Qualcomm Inc 4.46% |
| Credo Technology Group Holding Ltd 2.61% | Analog Devices Inc 4.26% |
| Onto Innovation Inc 2.30% | Texas Instruments Inc 4.24% |
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 dated Sep 17, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| EUV | SMH | EUV | SMH | EUV | SMH | |
| 3 months | −21.7% | −13.2% | −24.0 pts | −15.4 pts | −19.2 pts | −10.7 pts |
| 6 months | not published | +48.9% | not published | +30.9 pts | not published | +24.7 pts |
| 1 year | not published | +81.3% | not published | +64.8 pts | not published | +59.6 pts |
| 3 years | not published | +297.7% | not published | +219.3 pts | not published | +199.5 pts |
| Since launch | −10.9% | +5067.0% | −15.2 pts | +4263.5 pts | −14.7 pts | +3376.8 pts |
| EUV Corgi Lithography & Semiconductor Photonics ETF Holds 40 stocks in semiconductors, 38% of its weight in S&P 500 companies | SMH VanEck Semiconductor ETF Holds 26 stocks in semiconductors, 82% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Corgi | VanEck |
| Theme | Semiconductors | Semiconductors |
| In the S&P 500 | 37.5% | 82.2% |
| Active share vs the S&P 500 | 96.6% | 80.6% |
| In the Nasdaq-100 | 34.9% | 80.1% |
| Holdings | 40 | 26 |
| Top ten, share of the fund | 58.2% | 72.3% |
| Expense ratio | not published | 0.35% |
| Fee for the differing part | not published | 0.43% |
| Total return, 1 year | −10.9% (since launch on May 6, 2026) | +81.3% |
| vs the S&P 500 | −15.2 pts | +64.8 pts |
| vs the Nasdaq-100 | −14.7 pts | +59.6 pts |
| Below its high | −26.2% | −14.3% |
| Net assets | $419m | $72.5bn |
EUV in plain words
By weight, 38% of EUV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 58% of the fund across 40 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned −10.9% with distributions reinvested against +4.3% for the S&P 500, so a holder was behind by 15.2 pts. It sits 26.2% below its all-time high of Jun 30, 2026.
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 72% of the fund across 26 positions, as published by its issuer for Sep 17, 2026. Over the year to Sep 18, 2026 the fund returned +81.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 64.8 pts. It sits 14.3% below its all-time high of Jun 22, 2026.
Questions people ask
- Do EUV and SMH hold the same stocks?
- By their latest filings, 30% 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, EUV or SMH?
- EUV has 38% of its weight in S&P 500 names and SMH has 82%, so EUV differs more from the index.
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, EUV against SMH, data as of Sep 18, 2026. https://etfiq.com/compare/themes/euv-vs-smh Free to use with attribution; the underlying files are at Open data.