Do FTXL and SMHX hold the same stocks?

By their latest filings, 35% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, FTXL or SMHX?

FTXL has 83% of its weight in S&P 500 names and SMHX has 66%, so SMHX differs more from the index.

Which is cheaper, FTXL or SMHX?

FTXL charges 0.60% a year and SMHX charges 0.35%, so SMHX is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FTXL vs SMHX: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FTXL returned +66.7% to SMHX's +27.1%; 35% of their weight is in the same names.

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Net assets on Nov 3, 2026: $1.1bn for First Trust Nasdaq Semiconductor ETF and $241m for VanEck Fabless Semiconductor ETF.

FTXL on its own →SMHX on its own →

At a glance

82.9%

FTXL in the S&P 500

66.4%

SMHX in the S&P 500

+66.7%

FTXL total return, 1 year

+27.1%

SMHX total return, 1 year

FTXL · 1 year to Nov 4, 2026 17% of its weight is outside the S&P 500

83% of FTXL's weight is in S&P 500 companies and 17% is outside the index. Holdings as of Nov 3, 2026.

SMHX · 1 year to Nov 4, 2026 34% of its weight is outside the S&P 500

66% of SMHX's weight is in S&P 500 companies and 34% is outside the index. Holdings as of Nov 2, 2026.

Pair scorecard

SMHX costs 0.25 points a year less; their one-year returns differ by 39.6 points; FTXL is 4.6 times larger.

Points (pts) are percentage points.

FTXL vs SMHX: Holdings Overlap & Returns
Measure	FTXL	SMHX
Return
Measure	FTXL	SMHX
Total return, 1 year	+66.7%	+27.1%
Drawdown
Measure	FTXL	SMHX
Below its all-time high	31.6%, high on Jun 22, 2026	25.9%, high on Jun 3, 2026
Against its benchmark
Measure	FTXL	SMHX
What it tracks	Semiconductors	Semiconductors
Its benchmark, total return, 1 year		+15.0%
Against its benchmark, 1 year		ahead by 12.1 pts
Cost and size
Measure	FTXL	SMHX
Expense ratio	0.60%	0.35%
Net assets, as of Nov 3, 2026	$1.1bn	$241m
Holdings
Measure	FTXL	SMHX
Holdings in common	35%

ETFIQ S&P 500 Difference Score · SMHX scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score35.5FTXL55.7SMHX

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

FTXL 35.5

SMHX 55.7

0.4, the lowest in this set 99.6, the highest

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 →

Method

Risk and return

Sep 6, 2024 to Oct 30, 2026 · 112 weekly returns

FTXL SMHX

Return

Total return edge FTXL +156.5% +133.9%

Annualized edge FTXL +54.8% +48.4%

Price return edge FTXL +154.8% +133.7%

Risk

Volatility edge Tie 37.5% 37.2%

Max drawdown edge FTXL (slight) −33.6% −37.0%

Risk-adjusted

Sharpe edge FTXL (slight) 1.25 1.14

Sortino edge FTXL (slight) 1.96 1.81

Calmar edge FTXL 1.63 1.31

Reading

From Sep 2024 to Oct 2026, FTXL returned more: +156.5% to +133.9%. FTXL and SMHX swung about the same: 37.5% and 37.2%. FTXL fell slightly less at its worst: −33.6% to −37.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FTXL vs SMHX: Holdings Overlap & Returns
Measure	FTXL	SMHX	Edge	How it is measured
Return
Total return	+156.5%	+133.9%	FTXL	Price change plus distributions, reinvested.
Annualized	+54.8%	+48.4%	FTXL	Total return as a yearly rate.
Price return	+154.8%	+133.7%	FTXL	Price change alone, distributions left out.
Risk
Volatility	37.5%	37.2%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	23.9%	23.5%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−33.6%	−37.0%	FTXL (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.25	1.14	FTXL (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.96	1.81	FTXL (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	1.63	1.31	FTXL	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 112 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

35%

By the books each fund has filed, FTXL and SMHX hold 35% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

35% in common

Positions both hold · largest shared weight first FTXL SMHX

NVIDIA Corporation 7.91% 20.12%

Broadcom Inc. 7.57% 12.94%

QUALCOMM Incorporated 8.15% 5.06%

Advanced Micro Devices, Inc. 4.34% 7.00%

Marvell Technology, Inc. 3.43% 3.97%

Monolithic Power Systems, Inc. 2.16% 5.41%

Cirrus Logic, Inc. 1.83% 1.72%

Rambus Inc. 0.98% 2.20%

Credo Technology Group Holding Ltd 0.72% 4.40%

Semtech Corporation 0.52% 2.84%

Lattice Semiconductor Corporation 0.50% 3.77%

Astera Labs, Inc. 0.48% 3.80%

Only in one fund ↓

Only in FTXL

Micron Technology, Inc. 7.53%

Intel Corporation 5.71%

Texas Instruments Incorporated 5.06%

NXP Semiconductors N.V. 4.94%

Analog Devices, Inc. 4.90%

ON Semiconductor Corporation 4.14%

KLA Corporation 3.76%

Applied Materials, Inc. 3.52%

Only in SMHX

Synopsys Inc 5.77%

Cadence Design Systems Inc 5.57%

Arm Holdings Plc 3.75%

Sitime Corp 3.14%

Silicon Motion Technology Corp 2.45%

Silicon Laboratories Inc 2.16%

Impinj Inc 1.34%

Synaptics Inc 0.91%

Check overlap with more funds →

Window by window

Window by window: FTXL vs SMHX: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FTXL	SMHX	FTXL	SMHX
3 months	−12.0%	−12.5%	not measured	−11.2 pts vs ACWI
6 months	−13.0%	−7.7%	not measured	−10.3 pts vs ACWI
1 year	+66.7%	+27.1%	not measured	+12.1 pts vs ACWI
3 years	+205.7%	–	not measured	–
Since launchNot the same days: FTXL Sep 2016 · SMHX Aug 2024	+968.0%	+102.4%	not measured	+61.5 pts vs ACWI

– means no data for this window. Open this comparison in the app →

Side by side

FTXL First Trust Nasdaq Semiconductor ETF · Holds 37 stocks in semiconductors, 83% of its weight in S&P 500 companies SMHX VanEck Fabless Semiconductor ETF · Holds 22 stocks in semiconductors, 66% of its weight in S&P 500 companies

Issuer First Trust VanEck

Theme Semiconductors Semiconductors

In the S&P 500 82.9% 66.4%

Active share vs the S&P 500 80.9% 87.2%

In the Nasdaq-100 78.8% 74.0%

Holdings 37 22

Top ten, share of the fund 60.2% 74.4%

Expense ratio 0.60% 0.35%

Fee for the differing part 0.74% 0.40%

Total return, 1 year +66.7% +27.1%

vs its benchmark not measured +12.1 pts vs ACWI

Below its high −31.6% −25.9%

Net assets, as of Nov 3, 2026 $1.1bn $241m

As of Nov 4, 2026. Source: ETFIQ.

35% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

FTXL

By weight, 83% of FTXL'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 60% of the fund across 37 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +66.7% with distributions reinvested. It sits 31.6% below its all-time high of Jun 22, 2026.

SMHX

By weight, 66% of SMHX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 87%. The top ten holdings are 74% of the fund across 22 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +27.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 12.1 pts. It sits 25.9% below its all-time high of Jun 3, 2026.

Questions people ask

Do FTXL and SMHX hold the same stocks?: By their latest filings, 35% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FTXL or SMHX?: FTXL has 83% of its weight in S&P 500 names and SMHX has 66%, so SMHX differs more from the index.
Which is cheaper, FTXL or SMHX?: FTXL charges 0.60% a year and SMHX charges 0.35%, so SMHX is cheaper. Fees come from each fund's prospectus.

Other comparisons

FTXL vs SMHC FTXL vs SHOC FTXL vs CHPS FTXL vs PSI SMHX vs SOXQ SMHX vs SOXX SMHX vs PSI SMHX vs XSD

Where to next

FTXL on its own →SMHX on its own →FTXL dividend history →FTXL holdings →SMHX dividend history →SMHX holdings →Method →Standards and sources →

Sources and dates

FTXL filings on SEC EDGAR ↗

FTXL prospectus with the expense ratio (SEC) ↗

First Trust page for FTXL ↗

SMHX filings on SEC EDGAR ↗

SMHX prospectus with the expense ratio (SEC) ↗

VanEck website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, FTXL against SMHX, data as of Nov 4, 2026. https://etfiq.com/compare/themes/ftxl-vs-smhx

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.