ATLASVanEck Semiconductor ETF (SMH): outlook, holdings and fees
VanEck Semiconductor ETF (SMH) is an exchange-traded fund and is managed by VanEck. The expense ratio is 0.35% and the yield is 0.17%. The ten largest holdings are 67% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on SMH
| Last price | $528.79 (+1.2%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 49% |
| Likely 1-month range (50%) | $489.14 – $569.12 |
| Normal 1-day range (±1σ) | ±2.6% |
| Distribution yield | 0.17% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
SMH fund facts
| Issuer | VanEck |
|---|---|
| Theme | Semiconductors |
| Assets under management | $72.8B |
| Expense ratio | 0.35% |
| Number of holdings | 25 |
| Portfolio turnover | 17% |
| Inception | Dec 20, 2011 |
| Exchange | NASDAQ |
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor industry. Such companies may include medium-capitalization companies and foreign companies that are listed on a U.S. exchange. The fund is non-diversified.
SMH top holdings
| Holding | Sector | Weight |
|---|---|---|
| NVIDIA Corporation NVDA | Technology | 19.11% |
| Taiwan Semiconductor Manufacturing TSM | Technology | 9.32% |
| Advanced Micro Devices Inc AMD | Technology | 5.76% |
| Broadcom Inc AVGO | Technology | 5.62% |
| Micron Technology Inc MU | Technology | 4.58% |
| Marvell Technology Group Ltd MRVL | Technology | 4.60% |
| Texas Instruments Incorporated TXN | Technology | 4.54% |
| Applied Materials Inc AMAT | Technology | 4.42% |
| KLA Corporation KLAC | Technology | 4.39% |
| ASML Holding N.V. New York Registry Shares ASML | Technology | 4.26% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
SMH sector breakdown
| Sector | Weight |
|---|---|
| Technology | 100.0% |
By region: North America 81.7%, Asia Developed 13.9%, Europe Developed 4.4%.
SMH returns and risk
| Year to date | +64.8% |
|---|---|
| 1 year | +72.4% |
| 3 years (annualised) | +62.1% |
| 5 years (annualised) | +35.7% |
| 10 years (annualised) | +34.6% |
| Volatility (3 years) | 30.9% |
| Sharpe ratio (3 years) | 1.58 |
Past returns do not guarantee future results.
SMH: frequently asked questions
What does SMH invest in?
VanEck Semiconductor ETF invests in a portfolio of securities. Its largest holdings are NVIDIA Corporation (19.1%), Taiwan Semiconductor Manufacturing (9.3%), Advanced Micro Devices Inc (5.8%), Broadcom Inc (5.6%), Micron Technology Inc (4.6%).
What is the SMH expense ratio?
0.35% a year: about $35.00 for every $10,000 invested.
What is the SMH dividend yield?
0.17%. ATLAS does not hold the exact distribution dates for ETFs.
Will SMH go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 49%, with a likely range (50%) of $489.14 to $569.12 from $528.79 today. It is a probability, not a prediction.
How has SMH performed?
Year to date +64.8%, one year +72.4%, three years +62.1% a year, five years +35.7% a year. Past returns do not guarantee future results.
Similar ETFs: Semiconductors
Educational information, not investment advice. Disclaimer