Data as of Nov 4, 2026.
SMHX vs SOXX: Holdings Overlap & Returns
Over the year to Nov 4, 2026, SMHX returned +27.1% to SOXX's +52.5%; 39% of their weight is in the same names.
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Net assets on Nov 3, 2026: $241m for VanEck Fabless Semiconductor ETF and $44.3bn for iShares Semiconductor ETF.
66% of SMHX's weight is in S&P 500 companies and 34% is outside the index. Holdings as of Nov 2, 2026.
73% of SOXX's weight is in S&P 500 companies and 27% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
SOXX costs 0.02 points a year less; their one-year returns differ by 25.4 points; SOXX is far larger, $44.3bn against $241m.
Points (pts) are percentage points.
| Measure | SMHX | SOXX |
|---|---|---|
| Return | ||
| Total return, 1 year | +27.1% | +52.5% |
| Drawdown | ||
| Below its all-time high | 25.9%, high on Jun 3, 2026 | 31.2%, high on Jun 22, 2026 |
| Against its benchmark | ||
| What it tracks | Semiconductors | Semiconductors |
| Its benchmark, total return, 1 year | +15.0% | +14.3% |
| Against its benchmark, 1 year | ahead by 12.1 pts | ahead by 38.2 pts |
| Cost and size | ||
| Expense ratio | 0.35% | 0.33% |
| Net assets, as of Nov 3, 2026 | $241m | $44.3bn |
| Holdings | ||
| Holdings in common | 39% | |
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
Sep 6, 2024 to Oct 30, 2026 · 112 weekly returnsEach against its own benchmark: SMHX against ACWI, Sep 6, 2024 to Oct 30, 2026; SOXX against PBUS, Sep 29, 2017 to Oct 30, 2026.
From Sep 2024 to Oct 2026, SMHX and SOXX returned about the same: +133.9% and +134.2%. SMHX and SOXX swung about the same: 37.2% and 36.4%. SOXX fell less at its worst: −32.9% to −37.0%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SMHX | SOXX | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +133.9% | +134.2% | Tie | Price change plus distributions, reinvested. |
| Annualized | +48.4% | +48.4% | Tie | Total return as a yearly rate. |
| Price return | +133.7% | +131.2% | Tie | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 37.2% | 36.4% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 23.5% | 23.3% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −37.0% | −32.9% | SOXX | Deepest fall from a high to the low after it. |
| Upside capture | Not measured | 212.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 145.7% | 123.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 2.12 | 1.38 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.64 | 0.59 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 1.14 | 1.16 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 1.81 | 1.81 | Tie | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.200 | 0.199 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.31 | 1.47 | SOXX | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | ACWI | PBUS | The ETF each fund is measured against. | |
| Alpha | +13.4% a year | +10.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.87 | 1.47 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −17.2% to +44.1% | −3.4% to +23.6% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 1.05 | 0.69 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 27.3% | 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, 112 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SMHX and SOXX hold 39% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
39% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | SMHX | SOXX | SMHX | SOXX |
| 3 months | −12.5% | −15.1% | −11.2 pts vs ACWI | −14.8 pts vs PBUS |
| 6 months | −7.7% | −11.0% | −10.3 pts vs ACWI | −15.9 pts vs PBUS |
| 1 year | +27.1% | +52.5% | +12.1 pts vs ACWI | +38.2 pts vs PBUS |
| 3 years | – | +189.2% | – | +106.0 pts vs PBUS |
| Since launchNot the same days: SMHX Aug 2024 · SOXX Jul 2001 | +102.4% | +2,181.5% | +61.5 pts vs ACWI | not measured |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
39% of the two portfolios are the same securities at the same weight.
Client brief:
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SMHX
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 74% of the fund across 22 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +27.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 12.1 pts. It sits 25.9% below its all-time high of Jun 3, 2026.
SOXX
By weight, 73% 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 61% of the fund across 31 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +52.5% with distributions reinvested against +14.3% for its benchmark, the MSCI USA Index, so a holder was ahead by 38.2 pts. It sits 31.2% below its all-time high of Jun 22, 2026.
Questions people ask
- Do SMHX and SOXX hold the same stocks?
- By their latest filings, 39% 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, SMHX against SOXX, data as of Nov 4, 2026. https://etfiq.com/compare/themes/smhx-vs-soxx
ETFIQ. (Nov 4, 2026). SMHX against SOXX. Retrieved from https://etfiq.com/compare/themes/smhx-vs-soxx
[SMHX against SOXX (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/smhx-vs-soxx)
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