Do SMHX and XSD hold the same stocks?

By their latest filings, 37% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, SMHX or XSD?

SMHX has 66% of its weight in S&P 500 names and XSD has 40%, so XSD differs more from the index.

Which is cheaper, SMHX or XSD?

SMHX and XSD both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

SMHX vs XSD: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, SMHX returned +27.1% to XSD's +34.9%; 37% 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 $2.4bn for State Street SPDR S&P Semiconductor ETF.

SMHX on its own →XSD on its own →

At a glance

66.4%

SMHX in the S&P 500

40.2%

XSD in the S&P 500

+27.1%

SMHX total return, 1 year

+34.9%

XSD total return, 1 year

SMHX · 1 year to Nov 4, 2026 34% of its weight is outside the S&P 500

66% of SMHX's weight is in S&P 500 companies and 34% is outside the index. Holdings as of Nov 2, 2026.

XSD · 1 year to Nov 4, 2026 60% of its weight is outside the S&P 500

40% of XSD's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

Both cost 0.35% a year; their one-year returns differ by 7.8 points; XSD is 10.0 times larger.

Points (pts) are percentage points.

SMHX vs XSD: Holdings Overlap & Returns
Measure	SMHX	XSD
Return
Measure	SMHX	XSD
Total return, 1 year	+27.1%	+34.9%
Drawdown
Measure	SMHX	XSD
Below its all-time high	25.9%, high on Jun 3, 2026	31.8%, high on Jun 3, 2026
Against its benchmark
Measure	SMHX	XSD
What it tracks	Semiconductors	Semiconductors
Against the S&P 500, 1 year		ahead by 20.1 pts
Its benchmark, total return, 1 year	+15.0%	+14.8%
Against its benchmark, 1 year	ahead by 12.1 pts	ahead by 20.1 pts
Cost and size
Measure	SMHX	XSD
Expense ratio	0.35%	0.35%
Net assets, as of Nov 3, 2026	$241m	$2.4bn
Holdings
Measure	SMHX	XSD
Holdings in common	37%

Method

Risk and return

Sep 6, 2024 to Oct 30, 2026 · 112 weekly returns

SMHX XSD

Return

Total return edge SMHX +133.9% +114.5%

Annualized edge SMHX +48.4% +42.5%

Price return edge SMHX +133.7% +113.4%

Risk

Volatility edge SMHX (slight) 37.2% 40.2%

Max drawdown edge Tie −37.0% −36.7%

Downside capture 145.7% 122.7%

Beta 2.12 1.33

Risk-adjusted

Sharpe edge SMHX 1.14 0.98

Sortino edge SMHX 1.81 1.52

Treynor 0.200 0.129

Calmar edge SMHX 1.31 1.16

Against the benchmark

Alpha +13.4% a year +3.5% a year

Alpha t-stat 0.87 0.81

Information ratio 1.05 0.33

Tracking error 27.3% 20.8%

Each against its own benchmark: SMHX against ACWI, Sep 6, 2024 to Oct 30, 2026; XSD against IVV, Feb 17, 2006 to Oct 30, 2026.

Reading

From Sep 2024 to Oct 2026, SMHX returned more: +133.9% to +114.5%. SMHX swung slightly less: 37.2% to 40.2%. SMHX and XSD fell about the same at their worst: −37.0% and −36.7%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: SMHX vs XSD: Holdings Overlap & Returns
Measure	SMHX	XSD	Edge	How it is measured
Return
Total return	+133.9%	+114.5%	SMHX	Price change plus distributions, reinvested.
Annualized	+48.4%	+42.5%	SMHX	Total return as a yearly rate.
Price return	+133.7%	+113.4%	SMHX	Price change alone, distributions left out.
Risk
Volatility	37.2%	40.2%	SMHX (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	23.5%	26.1%	SMHX (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−37.0%	−36.7%	Tie	Deepest fall from a high to the low after it.
Upside capture	Not measured	179.1%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	145.7%	122.7%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	2.12	1.33	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.64	0.58	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	1.14	0.98	SMHX	Return above Treasury bills per unit of volatility.
Sortino	1.81	1.52	SMHX	Return above Treasury bills per unit of downside deviation.
Treynor	0.200	0.129		Return above Treasury bills per unit of beta.
Calmar	1.31	1.16	SMHX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	IVV		The ETF each fund is measured against.
Alpha	+13.4% a year	+3.5% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.87	0.81	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−17.2% to +44.1%	−5.1% to +12.2%	Includes zero	The 95% range for the yearly alpha.
Information ratio	1.05	0.33		Return against its benchmark per unit of tracking error.
Tracking error	27.3%	20.8%	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

37%

By the books each fund has filed, SMHX and XSD hold 37% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

37% in common

Positions both hold · largest shared weight first SMHX XSD

Monolithic Power Systems Inc 5.41% 3.04%

Qualcomm Inc 5.06% 2.57%

Advanced Micro Devices Inc 7.00% 2.56%

Nvidia Corp 20.12% 2.54%

Lattice Semiconductor Corp 3.77% 2.53%

Broadcom Inc 12.94% 2.51%

Credo Technology Group Holding Ltd 4.40% 2.48%

Rambus Inc 2.20% 2.77%

Silicon Laboratories Inc 2.16% 2.79%

Astera Labs Inc 3.80% 2.14%

Semtech Corp 2.84% 2.14%

Sitime Corp 3.14% 2.08%

Only in one fund ↓

Only in SMHX

Synopsys Inc 5.77%

Cadence Design Systems Inc 5.57%

Arm Holdings Plc 3.75%

Silicon Motion Technology Corp 2.45%

Only in XSD

TEXAS INSTRUMENTS INC 3.29%

NXP SEMICONDUCTORS NV 3.24%

ANALOG DEVICES INC 3.17%

UNIVERSAL DISPLAY CORP 3.08%

SKYWORKS SOLUTIONS INC 3.07%

MICROCHIP TECHNOLOGY INC 2.94%

ON SEMICONDUCTOR 2.82%

PENGUIN SOLUTIONS INC 2.63%

Check overlap with more funds →

Window by window

Window by window: SMHX vs XSD: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	SMHX	XSD	SMHX	XSD
3 months	−12.5%	−13.0%	−11.2 pts vs ACWI	−12.9 pts vs IVV
6 months	−7.7%	−16.7%	−10.3 pts vs ACWI	−21.7 pts vs IVV
1 year	+27.1%	+34.9%	+12.1 pts vs ACWI	+20.1 pts vs IVV
3 years	–	+145.3%	–	+61.9 pts vs IVV
Since launchNot the same days: SMHX Aug 2024 · XSD Feb 2006	+102.4%	+1,755.4%	+61.5 pts vs ACWI	not measured

– means no data for this window. Open this comparison in the app →

Side by side

SMHX VanEck Fabless Semiconductor ETF · Holds 22 stocks in semiconductors, 66% of its weight in S&P 500 companies XSD State Street SPDR S&P Semiconductor ETF · Holds 46 stocks in semiconductors, 40% of its weight in S&P 500 companies

Issuer VanEck State Street

Theme Semiconductors Semiconductors

In the S&P 500 66.4% 40.2%

Active share vs the S&P 500 87.2% 88.6%

In the Nasdaq-100 74.0% 33.9%

Holdings 22 46

Top ten, share of the fund 74.4% 31.2%

Expense ratio 0.35% 0.35%

Fee for the differing part 0.40% 0.40%

Total return, 1 year +27.1% +34.9%

vs its benchmark +12.1 pts vs ACWI +20.1 pts vs IVV

Below its high −25.9% −31.8%

Net assets, as of Nov 3, 2026 $241m $2.4bn

As of Nov 4, 2026. Source: ETFIQ.

37% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

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.

XSD

By weight, 40% of XSD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 89%. The top ten holdings are 31% of the fund across 46 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +34.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was ahead by 20.1 pts. It sits 31.8% below its all-time high of Jun 3, 2026.

Questions people ask

Do SMHX and XSD hold the same stocks?: By their latest filings, 37% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, SMHX or XSD?: SMHX has 66% of its weight in S&P 500 names and XSD has 40%, so XSD differs more from the index.
Which is cheaper, SMHX or XSD?: SMHX and XSD both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

SMHX vs SOXX SMHX vs FTXL SMHX vs SHOC SMHX vs EUV XSD vs EUV XSD vs SHOC XSD vs CHPS XSD vs FTXL

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →SMHX on its own →XSD on its own →SMHX dividend history →SMHX holdings →XSD dividend history →XSD holdings →Method →Standards and sources →

Sources and dates

SMHX filings on SEC EDGAR ↗

SMHX prospectus with the expense ratio (SEC) ↗

VanEck website ↗

XSD filings on SEC EDGAR ↗

XSD prospectus with the expense ratio (SEC) ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, SMHX against XSD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/smhx-vs-xsd

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.