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VanEck Semiconductor ETF(SMH)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
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- BUY Advisory
- SELL Advisory (Profit)
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Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SMH
11/03/2026: SMH (5-star) is currently NOT-A-BUY. Pass it for now.
SMH provides concentrated exposure to the global semiconductor industry, capturing growth from key players essential to modern technology. Its primary strength lies in its liquidity and focus on market leaders, making it a standard choice for sector-specific investing. While it offers excellent growth potential, it carries significant risks related to industry cyclicality, concentration, and geopolitical exposure. It is most suitable for investors comfortable with high volatility and seeking to capture long-term technological trends, while investors should monitor geopolitical and AI-demand signals.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The semiconductor industry is a primary engine of long-term global growth and technological innovation. |
| Momentum investor | Strong fit while signal remains positive | SMH captures the high-beta, trend-following nature of the semiconductor sector during bull markets. |
| Value investor | Weak fit | Semiconductor stocks often trade at high P/E multiples, offering little appeal to traditional value-focused investors. |
| Dividend/Income investor | Mixed fit | While some holdings pay dividends, the fund's primary focus is capital appreciation rather than yield. |
| Low-risk investor | Weak fit | High sector concentration and cyclicality result in significant volatility that is unsuitable for risk-averse portfolios. |
Investor Profile
Ideal Investor Profile
Growth-oriented investors seeking targeted exposure to the semiconductor industry for long-term appreciation.
Suitability
Best for long-term investors comfortable with volatility or active traders looking to capture sector-specific trends.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | The semiconductor sector is highly cyclical and sensitive to economic shifts, leading to price swings. |
| Market risk | High | General market downturns often disproportionately affect high-beta technology assets. |
| Concentration | High | The portfolio is concentrated in a small number of companies, increasing exposure to single-firm performance. |
| Tracking/expense | Low | The fund efficiently tracks its index with minimal tracking error and reasonable costs. |
| Liquidity | Low | High trading volume ensures investors can execute trades effectively even during market stress. |
| Business/sector quality | Medium | While firms are industry leaders, global supply chain risks and geopolitical tensions remain significant threats. |
Risk Analysis
Volatility
SMH exhibits high volatility, consistently higher than the broader S&P 500, due to its industry-specific focus.
Market Risk
The ETF is exposed to systemic market risk and idiosyncratic risks inherent in tech firms, such as R&D failure and supply chain disruption.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Single stock | NVIDIA Corporation (NVDA) | 20 | NVIDIA is a dominant player in AI and GPU technology, driving significant performance for the fund. |
| Single stock | Taiwan Semiconductor Manufacturing Co. (TSM) | 15 | As the world's largest contract chip manufacturer, TSM is essential to the global semiconductor supply chain. |
| Single stock | Broadcom Inc. (AVGO) | 10 | Broadcom provides critical connectivity and infrastructure solutions across diverse technology sectors. |
| Single stock | ASML Holding NV (ASML) | 7 | ASML is the sole supplier of critical EUV lithography equipment needed for advanced chip manufacturing. |
| Sector | Other Semiconductor Industry Equities | 48 | This portion includes remaining holdings in the top 25 semiconductor companies, ensuring broad industry coverage. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type ETF | Historic Profit 90.45% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/03/2026 |
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