Data as of Nov 4, 2026.
SMH vs SOXQ: Holdings Overlap & Returns
Over the year to Nov 4, 2026, SMH returned +43.4% to SOXQ's +47.7%; 74% of their weight is in the same names.
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Net assets on Nov 3, 2026: $67.3bn for VanEck Semiconductor ETF and $2.8bn for Invesco PHLX Semiconductor ETF.
79% of SMH's weight is in S&P 500 companies and 21% is outside the index. Holdings as of Nov 2, 2026.
81% of SOXQ's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
SOXQ costs 0.16 points a year less; their one-year returns differ by 4.3 points; SMH is far larger, $67.3bn against $2.8bn.
Points (pts) are percentage points.
| Measure | SMH | SOXQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +43.4% | +47.7% |
| Drawdown | ||
| Below its all-time high | 24.6%, high on Jun 22, 2026 | 29.7%, high on Jun 22, 2026 |
| Against its benchmark | ||
| What it tracks | Semiconductors | Semiconductors |
| Its benchmark, total return, 1 year | +15.0% | |
| Against its benchmark, 1 year | ahead by 28.4 pts | |
| Cost and size | ||
| Expense ratio | 0.35% | 0.19% |
| Net assets, as of Nov 3, 2026 | $67.3bn | $2.8bn |
| Holdings | ||
| Holdings in common | 74% | |
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
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 →
Risk and return
Jun 18, 2021 to Oct 30, 2026 · 280 weekly returnsFrom Jun 2021 to Oct 2026, SMH returned more: +336.2% to +254.6%. SMH swung slightly less: 33.1% to 34.4%. SMH fell slightly less at its worst: −44.2% to −45.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SMH | SOXQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +336.2% | +254.6% | SMH | Price change plus distributions, reinvested. |
| Annualized | +31.5% | +26.5% | SMH | Total return as a yearly rate. |
| Price return | +323.2% | +238.5% | SMH | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 33.1% | 34.4% | SMH (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 21.5% | 22.6% | SMH (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −44.2% | −45.2% | SMH (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.88 | 0.75 | SMH | Return above Treasury bills per unit of volatility. |
| Sortino | 1.36 | 1.14 | SMH | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.71 | 0.59 | SMH | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 280 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SMH and SOXQ hold 74% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
74% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | SMH | SOXQ | SMH | SOXQ |
| 3 months | −11.5% | −14.4% | −10.2 pts vs ACWI | not measured |
| 6 months | −8.3% | −10.4% | −10.9 pts vs ACWI | not measured |
| 1 year | +43.4% | +47.7% | +28.4 pts vs ACWI | not measured |
| 3 years | +241.8% | +202.3% | +164.2 pts vs ACWI | not measured |
| Since launchNot the same days: SMH Dec 2011 · SOXQ Jun 2021 | +3,851.6% | +235.1% | +3,444.2 pts vs ACWI | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
74% of the two portfolios are the same securities at the same weight.
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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 70% of the fund across 25 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +43.4% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 28.4 pts. It sits 24.6% below its all-time high of Jun 22, 2026.
SOXQ
By weight, 81% of SOXQ'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 61% of the fund across 32 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +47.7% with distributions reinvested. It sits 29.7% below its all-time high of Jun 22, 2026.
Questions people ask
- Do SMH and SOXQ hold the same stocks?
- By their latest filings, 74% 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, SMH against SOXQ, data as of Nov 4, 2026. https://etfiq.com/compare/themes/smh-vs-soxq
ETFIQ. (Nov 4, 2026). SMH against SOXQ. Retrieved from https://etfiq.com/compare/themes/smh-vs-soxq
[SMH against SOXQ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/smh-vs-soxq)
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