Data as of Oct 28, 2026.
SMH vs SOXX: Holdings Overlap & Returns
Over the year to Oct 28, 2026, SMH returned +56.8% to SOXX's +72.0%; 70% of their weight is in the same names.
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Net assets on Oct 27, 2026: $71.1bn for VanEck Semiconductor ETF and $48.3bn for iShares Semiconductor ETF.
79% of SMH's weight is in S&P 500 companies and 21% is outside the index. Holdings as of Oct 22, 2026.
74% of SOXX's weight is in S&P 500 companies and 26% is outside the index. Holdings as of Oct 27, 2026.
Pair scorecard
SOXX costs 0.02 points a year less; their one-year returns differ by 15.2 points; SMH is 1.5 times larger.
Points (pts) are percentage points.
| Measure | SMH | SOXX |
|---|---|---|
| Return | ||
| Total return, 1 year | +56.8% | +72.0% |
| Drawdown | ||
| Below its all-time high | 15.1%, high on Jun 22, 2026 | 20.3%, high on Jun 22, 2026 |
| Against its benchmark | ||
| What it tracks | Semiconductors | Semiconductors |
| Its benchmark, total return, 1 year | +13.4% | +13.3% |
| Against its benchmark, 1 year | ahead by 43.4 pts | ahead by 58.7 pts |
| Cost and size | ||
| Expense ratio | 0.35% | 0.33% |
| Net assets, as of Oct 27, 2026 | $71.1bn | $48.3bn |
| Holdings | ||
| Holdings in common | 70% | |
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 returnsEach against its own benchmark: SMH against ACWI, Dec 30, 2011 to Oct 23, 2026; SOXX against PBUS, Sep 29, 2017 to Oct 23, 2026.
SMH returned more: +3,977.0% to +3,305.7%. SMH swung slightly less: 26.9% to 27.9%. SMH and SOXX fell about the same at their worst: −44.2% and −44.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SMH | SOXX | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +3,977.0% | +3,305.7% | SMH | Price change plus distributions, reinvested. |
| Annualized | +28.3% | +26.8% | SMH (slight) | Total return as a yearly rate. |
| Price return | +3,365.0% | +2,804.0% | SMH | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 26.9% | 27.9% | SMH (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 17.5% | 18.4% | SMH (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −44.2% | −44.4% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 197.3% | 212.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 117.1% | 123.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.40 | 1.38 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.63 | 0.59 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 1.00 | 0.93 | SMH (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.53 | 1.41 | SMH (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.192 | 0.200 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.64 | 0.60 | SMH (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | ACWI | PBUS | The ETF each fund is measured against. | |
| Alpha | +12.6% a year | +10.2% a year | SOXX not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 2.95 | 1.48 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | +4.2% to +20.9% | −3.3% to +23.7% | SOXX includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.96 | 0.69 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 17.4% | 21.7% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
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, SMH and SOXX hold 70% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
70% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | SMH | SOXX | SMH | SOXX |
| 3 months | +12.6% | +12.3% | +8.2 pts vs ACWI | +6.3 pts vs PBUS |
| 6 months | +13.6% | +16.1% | +6.2 pts vs ACWI | +7.0 pts vs PBUS |
| 1 year | +56.8% | +72.0% | +43.4 pts vs ACWI | +58.7 pts vs PBUS |
| 3 years | +316.0% | +258.4% | +227.1 pts vs ACWI | +162.6 pts vs PBUS |
| Since launchNot the same days: SMH Dec 2011 · SOXX Jul 2001 | +4,348.4% | +2,543.8% | +3,938.6 pts vs ACWI | not measured |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
70% of the two portfolios are the same securities at the same weight.
SMH and SOXX are built for the same job. How do they differ in cost, holdings and results?
- One-year total return. Over 1 year to Oct 28, 2026 SMH returned +56.8% and SOXX +72.0% with distributions reinvested, a gap of 15.2 points.
- Concentration (similar). The top ten holdings are 69.0% of SMH and 62.4% of SOXX, a gap of 6.6 points.
- What each follows (similar). Both follow Semiconductors.
Data as of Oct 28, 2026.
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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 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.
SOXX
By weight, 74% of SOXX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 62% of the fund across 31 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +72.0% with distributions reinvested against +13.3% for its benchmark, the MSCI USA Index, so a holder was ahead by 58.7 pts. It sits 20.3% below its all-time high of Jun 22, 2026.
Questions people ask
- Do SMH and SOXX hold the same stocks?
- By their latest filings, 70% 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 SOXX, data as of Oct 28, 2026. https://etfiq.com/compare/themes/smh-vs-soxx
ETFIQ. (Oct 28, 2026). SMH against SOXX. Retrieved from https://etfiq.com/compare/themes/smh-vs-soxx
[SMH against SOXX (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/smh-vs-soxx)
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