Data as of .
SMH vs SMHX: which is really different?
SMH and SMHX hold 50% of their weight in the same names, and SMH returned more over the year.
ETFIQ Off-Index Score: SMHX 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
50% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, SMH and SMHX hold 50% of their money in the same securities at the same weight.
| Holding | SMH | SMHX |
|---|---|---|
| Nvidia Corp | 22.43% | 23.10% |
| Advanced Micro Devices Inc | 6.16% | 6.38% |
| Broadcom Inc | 5.67% | 14.75% |
| Qualcomm Inc | 4.46% | 5.25% |
| Marvell Technology Inc | 4.41% | 5.04% |
| Cadence Design Systems Inc | 1.88% | 3.48% |
| Synopsys Inc | 1.79% | 3.97% |
| Monolithic Power Systems Inc | 1.20% | 3.79% |
| Arm Holdings Plc | 1.02% | 4.13% |
| Astera Labs Inc | 0.91% | 4.22% |
| Only in SMH | Only in SMHX |
|---|---|
| Taiwan Semiconductor Manufacturing Co L 9.80% | Semtech Corp 4.20% |
| Micron Technology Inc 5.61% | Sitime Corp 3.46% |
| Asml Holding Nv 4.81% | Lattice Semiconductor Corp 3.31% |
| Intel Corp 4.70% | Silicon Motion Technology Corp 3.31% |
| Analog Devices Inc 4.26% | Rambus Inc 2.74% |
| Texas Instruments Inc 4.24% | Silicon Laboratories Inc 2.27% |
| Applied Materials Inc 3.89% | Cirrus Logic Inc 2.03% |
| Lam Research Corp 3.87% | Impinj Inc 1.22% |
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.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| SMH | SMHX | SMH | SMHX | SMH | SMHX | |
| 3 months | −13.2% | −13.9% | −15.4 pts | −16.2 pts | −10.7 pts | −11.4 pts |
| 6 months | +48.9% | +55.4% | +30.9 pts | +37.4 pts | +24.7 pts | +31.2 pts |
| 1 year | +81.3% | +48.5% | +64.8 pts | +31.9 pts | +59.6 pts | +26.7 pts |
| 3 years | +297.7% | not published | +219.3 pts | not published | +199.5 pts | not published |
| Since launch | +5067.0% | +129.6% | +4263.5 pts | +89.6 pts | +3376.8 pts | +75.0 pts |
| SMH VanEck Semiconductor ETF Holds 26 stocks in semiconductors, 82% 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 | VanEck | VanEck |
| Theme | Semiconductors | Semiconductors |
| In the S&P 500 | 82.2% | 65.8% |
| Active share vs the S&P 500 | 80.6% | 87.1% |
| In the Nasdaq-100 | 80.1% | 69.9% |
| Holdings | 26 | 22 |
| Top ten, share of the fund | 72.3% | 74.8% |
| Expense ratio | 0.35% | 0.35% |
| Fee for the differing part | 0.43% | 0.40% |
| Total return, 1 year | +81.3% | +48.5% |
| vs the S&P 500 | +64.8 pts | +31.9 pts |
| vs the Nasdaq-100 | +59.6 pts | +26.7 pts |
| Below its high | −14.3% | −15.9% |
| Net assets | $72.5bn | $267m |
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.
SMHX in plain words
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 75% of the fund across 22 positions, as published by its issuer for Sep 17, 2026. Over the year to Sep 18, 2026 the fund returned +48.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 31.9 pts. It sits 15.9% below its all-time high of Jun 3, 2026.
Questions people ask
- Do SMH and SMHX hold the same stocks?
- By their latest filings, 50% of their books are the same securities at the same weight, which is close to holding one of them twice. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, SMH or SMHX?
- SMH has 82% of its weight in S&P 500 names and SMHX has 66%, so SMHX differs more from the index.
- Which is cheaper, SMH or SMHX?
- SMH charges 0.35% a year and SMHX charges 0.35%, so SMH 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, SMH against SMHX, data as of Sep 18, 2026. https://etfiq.com/compare/themes/smh-vs-smhx Free to use with attribution; the underlying files are at Open data.