Data as of Oct 28, 2026.
IGV vs SMH: Holdings Overlap & Returns
Over the year to Oct 28, 2026, IGV returned −4.1% to SMH's +56.8%; 4% of their weight is in the same names.
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Net assets on Oct 27, 2026: $14.4bn for iShares Expanded Tech-Software Sector ETF and $71.1bn for VanEck Semiconductor ETF.
80% of IGV's weight is in S&P 500 companies and 20% is outside the index. Holdings as of Oct 27, 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 0.03 points a year less; their one-year returns differ by 60.9 points; SMH is 4.9 times larger.
Points (pts) are percentage points.
| Measure | IGV | SMH |
|---|---|---|
| Return | ||
| Total return, 1 year | −4.1% | +56.8% |
| Drawdown | ||
| Below its all-time high | 15.1%, high on Jun 22, 2026 | |
| Against its benchmark | ||
| What it tracks | Cloud and software | Semiconductors |
| Its benchmark, total return, 1 year | +13.4% | |
| Against its benchmark, 1 year | ahead by 43.4 pts | |
| Cost and size | ||
| Expense ratio | 0.38% | 0.35% |
| Net assets, as of Oct 27, 2026 | $14.4bn | $71.1bn |
| Holdings | ||
| Holdings in common | 4% | |
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 Oct 27, 2026. Method
Risk and return
Dec 30, 2011 to Oct 23, 2026 · 773 weekly returnsSMH returned more: +3,977.0% to +952.7%. IGV swung less: 23.0% to 26.9%. SMH fell slightly less at its worst: −44.2% to −45.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IGV | SMH | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +952.7% | +3,977.0% | SMH | Price change plus distributions, reinvested. |
| Annualized | +17.2% | +28.3% | SMH | Total return as a yearly rate. |
| Price return | +921.7% | +3,365.0% | SMH | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 23.0% | 26.9% | IGV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.3% | 17.5% | IGV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −45.4% | −44.2% | SMH (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.73 | 1.00 | SMH | Return above Treasury bills per unit of volatility. |
| Sortino | 1.09 | 1.53 | SMH | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.38 | 0.64 | SMH | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 773 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IGV and SMH hold 4% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
4% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | IGV | SMH | IGV | SMH |
| 3 months | +21.2% | +12.6% | not measured | +8.2 pts vs ACWI |
| 6 months | +32.5% | +13.6% | not measured | +6.2 pts vs ACWI |
| 1 year | −4.1% | +56.8% | not measured | +43.4 pts vs ACWI |
| 3 years | +70.0% | +316.0% | not measured | +227.1 pts vs ACWI |
| Since launchNot the same days: IGV Jul 2001 · SMH Dec 2011 | +1,015.0% | +4,348.4% | not measured | +3,938.6 pts vs ACWI |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
4% of the two portfolios are the same securities at the same weight.
IGV and SMH are built for the same job. How do they differ in cost, holdings and results?
- Theme. IGV covers Cloud and software and SMH covers Semiconductors.
- What each follows. IGV follows Cloud and software and SMH follows Semiconductors.
- Holdings in common. 4% of the weight is in the same securities (holdings dated Oct 27, 2026).
Data as of Oct 28, 2026.
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IGV
By weight, 80% of IGV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 61% of the fund across 108 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −4.1% with distributions reinvested.
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 IGV and SMH hold the same stocks?
- By their latest filings, 4% 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, IGV against SMH, data as of Oct 28, 2026. https://etfiq.com/compare/themes/igv-vs-smh
ETFIQ. (Oct 28, 2026). IGV against SMH. Retrieved from https://etfiq.com/compare/themes/igv-vs-smh
[IGV against SMH (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/igv-vs-smh)
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