Data as of .
PSI vs SMHC: which is really different?
PSI and SMHC hold 0% of their weight in the same names.
ETFIQ Off-Index Score: SMHC 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
0% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, PSI and SMHC hold 0% of their money in the same securities at the same weight.
| Only in PSI | Only in SMHC |
|---|---|
| Intel Corp 6.04% | Cambricon Technologies Corp Ltd 9.95% |
| Advanced Micro Devices Inc 5.69% | Hygon Information Technology Co Ltd 7.97% |
| Micron Technology Inc 5.30% | Naura Technology Group Co Ltd 7.08% |
| Texas Instruments Inc 4.99% | Advanced Micro-Fabrication Equipment In 5.09% |
| Analog Devices Inc 4.89% | Hua Hong Semiconductor Ltd 4.89% |
| KLA Corp 4.70% | Gigadevice Semiconductor Inc 4.86% |
| Applied Materials Inc 4.51% | Suzhou Dongshan Precision Manufacturing 4.78% |
| Lam Research Corp 4.46% | Piotech Inc 4.64% |
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 18, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| PSI | SMHC | PSI | SMHC | PSI | SMHC | |
| 3 months | −21.8% | not published | −24.0 pts | not published | −19.3 pts | not published |
| 6 months | +47.3% | not published | +29.3 pts | not published | +23.1 pts | not published |
| 1 year | +96.1% | not published | +79.5 pts | not published | +74.3 pts | not published |
| 3 years | +225.9% | not published | +147.5 pts | not published | +127.8 pts | not published |
| Since launch | +3200.3% | −20.9% | +2396.7 pts | −25.1 pts | +1510.0 pts | −22.5 pts |
| PSI Invesco Semiconductors ETF Holds 33 stocks in semiconductors, 48% of its weight in S&P 500 companies | SMHC VanEck China Semiconductor ETF Holds 30 stocks in semiconductors, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | VanEck |
| Theme | Semiconductors | Semiconductors |
| In the S&P 500 | 48.5% | 0.0% |
| Active share vs the S&P 500 | 92.2% | 100.0% |
| In the Nasdaq-100 | 43.2% | 0.0% |
| Holdings | 33 | 30 |
| Top ten, share of the fund | 47.5% | 60.7% |
| Expense ratio | 0.55% | 0.65% |
| Fee for the differing part | 0.60% | 0.65% |
| Total return, 1 year | +96.1% | −20.9% (since launch on Jun 24, 2026) |
| vs the S&P 500 | +79.5 pts | −25.1 pts |
| vs the Nasdaq-100 | +74.3 pts | −22.5 pts |
| Below its high | −25.8% | −29.0% |
| Net assets | $2.7bn | $21m |
PSI in plain words
By weight, 48% of PSI'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 48% of the fund across 33 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +96.1% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 79.5 pts. It sits 25.8% below its all-time high of Jun 30, 2026.
SMHC in plain words
By weight, 0% of SMHC's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 61% of the fund across 30 positions, as published by its issuer for Sep 18, 2026. Since it launched on Jun 24, 2026 the fund returned −20.9% with distributions reinvested against +4.1% for the S&P 500, so a holder was behind by 25.1 pts. It sits 29.0% below its all-time high of Jun 30, 2026.
Questions people ask
- Do PSI and SMHC hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, PSI or SMHC?
- PSI has 48% of its weight in S&P 500 names and SMHC has 0%, so SMHC differs more from the index.
- Which is cheaper, PSI or SMHC?
- PSI charges 0.55% a year and SMHC charges 0.65%, so PSI 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, PSI against SMHC, data as of Sep 18, 2026. https://etfiq.com/compare/themes/psi-vs-smhc Free to use with attribution; the underlying files are at Open data.