Data as of .
SMH vs XSD: which is really different?
SMH and XSD hold 29% of their weight in the same names, and SMH returned more over the year.
ETFIQ Off-Index Score: XSD 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
29% 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 XSD hold 29% of their money in the same securities at the same weight.
| Holding | SMH | XSD |
|---|---|---|
| Advanced Micro Devices Inc | 6.16% | 3.23% |
| Nvidia Corp | 22.43% | 2.94% |
| Micron Technology Inc | 5.61% | 2.94% |
| Intel Corp | 4.70% | 2.72% |
| Qualcomm Inc | 4.46% | 2.65% |
| Marvell Technology Inc | 4.41% | 2.55% |
| Broadcom Inc | 5.67% | 2.50% |
| Analog Devices Inc | 4.26% | 2.48% |
| Texas Instruments Inc | 4.24% | 2.45% |
| Monolithic Power Systems Inc | 1.20% | 2.13% |
| Nxp Semiconductors Nv | 1.09% | 2.14% |
| Astera Labs Inc | 0.91% | 2.38% |
| Only in SMH | Only in XSD |
|---|---|
| Taiwan Semiconductor Manufacturing Co L 9.80% | IMPINJ INC 3.93% |
| Asml Holding Nv 4.81% | QORVO INC 3.37% |
| Applied Materials Inc 3.89% | SEMTECH CORP 3.10% |
| Lam Research Corp 3.87% | AMBARELLA INC 2.87% |
| Kla Corp 3.66% | MAXLINEAR INC 2.79% |
| Cadence Design Systems Inc 1.88% | SILICON LABORATORIES INC 2.70% |
| Synopsys Inc 1.79% | DIODES INC 2.42% |
| Teradyne Inc 1.27% | SITIME CORP 2.42% |
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 | XSD | SMH | XSD | SMH | XSD | |
| 3 months | −13.2% | −20.4% | −15.4 pts | −22.6 pts | −10.7 pts | −17.9 pts |
| 6 months | +48.9% | +57.2% | +30.9 pts | +39.2 pts | +24.7 pts | +33.0 pts |
| 1 year | +81.3% | +58.2% | +64.8 pts | +41.7 pts | +59.6 pts | +36.5 pts |
| 3 years | +297.7% | +158.3% | +219.3 pts | +79.9 pts | +199.5 pts | +60.1 pts |
| Since launch | +5067.0% | +2210.2% | +4263.5 pts | +1406.7 pts | +3376.8 pts | +520.0 pts |
| SMH VanEck Semiconductor ETF Holds 26 stocks in semiconductors, 82% of its weight in S&P 500 companies | XSD State Street(R) SPDR(R) S&P(R) Semiconductor ETF Holds 48 stocks in semiconductors, 38% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | VanEck | State Street |
| Theme | Semiconductors | Semiconductors |
| In the S&P 500 | 82.2% | 38.2% |
| Active share vs the S&P 500 | 80.6% | 88.2% |
| In the Nasdaq-100 | 80.1% | 30.9% |
| Holdings | 26 | 48 |
| Top ten, share of the fund | 72.3% | 31.4% |
| Expense ratio | 0.35% | 0.35% |
| Fee for the differing part | 0.43% | 0.40% |
| Total return, 1 year | +81.3% | +58.2% |
| vs the S&P 500 | +64.8 pts | +41.7 pts |
| vs the Nasdaq-100 | +59.6 pts | +36.5 pts |
| Below its high | −14.3% | −22.0% |
| Net assets | $72.5bn | $3.0bn |
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.
XSD in plain words
By weight, 38% of XSD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 88%. The top ten holdings are 31% of the fund across 48 positions, as published by its issuer for Sep 17, 2026. Over the year to Sep 18, 2026 the fund returned +58.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 41.7 pts. It sits 22.0% below its all-time high of Jun 3, 2026.
Questions people ask
- Do SMH and XSD hold the same stocks?
- By their latest filings, 29% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, SMH or XSD?
- SMH has 82% of its weight in S&P 500 names and XSD has 38%, so XSD differs more from the index.
- Which is cheaper, SMH or XSD?
- SMH charges 0.35% a year and XSD 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 XSD, data as of Sep 18, 2026. https://etfiq.com/compare/themes/smh-vs-xsd Free to use with attribution; the underlying files are at Open data.