Data as of . Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested.
SMHX · VanEck Fabless Semiconductor ETF
VanEck · Themes desk
Open the live card on ETFIQBy weight, 61% 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 72% of the fund across 22 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +59.0% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 39.0 pts. It sits 17.4% below its all-time high of Jun 3, 2026.
| Theme (ETFIQ, editorial) | Semiconductors |
|---|---|
| Launched | Aug 28, 2024 |
| Already in the S&P 500, by weight (ETFIQ) | 60.7% |
| Active share vs the S&P 500 (ETFIQ) | 87.1% |
| Already in the Nasdaq-100, by weight (ETFIQ) | 65.5% |
| Active share vs the Nasdaq-100 (ETFIQ) | 81.4% |
| Top ten holdings weight | 71.8% |
| Holdings | 22 |
| Net assets (latest filing) | $297M |
| Holdings as of (SEC N-PORT) | Jun 30, 2026 |
| Top holdings | NVIDIA Corp 18.6%, Broadcom Inc 14.2%, Astera Labs Inc 6.1%, Advanced Micro Devices Inc 6.0%, Marvell Technology Inc 5.5%, ARM Holdings PLC 4.8%, QUALCOMM Inc 4.5%, Lattice Semiconductor Corp 4.1%, Cadence Design Systems Inc 4.1%, Synopsys Inc 4.0% |
| 3 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | −5.9% / +4.7% / −10.6 pts / −8.0 pts |
| 6 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +51.4% / +15.2% / +36.2 pts / +31.2 pts |
| 1 year: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +59.0% / +20.0% / +39.0 pts / +33.4 pts |
| since launch: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +125.5% / +41.2% / +84.3 pts / +71.4 pts |
| Below its all-time high (ETFIQ) | −17.4% |
| Expense ratio (prospectus XBRL) | 0.35% |
| Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ) | 0.40% |
| Closest funds by holdings overlap | SMH 44%, SHOC 44%, SOXQ 41%, CHPX 36%, XSD 35% |
Questions people ask
- How much of SMHX is already in the S&P 500?
- By its holdings filed for Jun 30, 2026, 61% of SMHX by weight is stocks the S&P 500 already holds. Its active share against the index is 87%, so that share is the part doing something different.
- What does SMHX hold?
- 22 positions as filed for Jun 30, 2026, with the top ten at 72% of the fund. The largest are NVIDIA Corp at 18.6%, Broadcom Inc at 14.2%, Astera Labs Inc at 6.1%.
- Has SMHX beaten the S&P 500?
- Over the year to Sep 4, 2026 SMHX returned +59.0% with distributions reinvested, against +20.0% for the S&P 500, so it finished ahead of the index by 39.0 points.
- What does SMHX cost?
- The prospectus expense ratio is 0.35% a year. Because 87% of the fund differs from the S&P 500, the fee on that differing part works out at 0.40%.
Where these figures came from
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<p><a href="https://etfiq.com/funds/SMHX.html">SMHX difference bar, updated daily by ETFIQ</a></p>Cite this page. ETFIQ, SMHX on the themes desk, data as of Sep 4, 2026. https://etfiq.com/funds/SMHX.html Free to use with attribution; the underlying files are at Open data.
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