
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT
- About
VanEck Semiconductor ETF (SMH)




- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
04/01/2025: SMH (4-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 31.66% | Avg. Invested days 47 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Volume (30-day avg) 7271563 | Beta 1.71 | 52 Weeks Range 170.11 - 281.82 | Updated Date 06/19/2025 |
52 Weeks Range 170.11 - 281.82 | Updated Date 06/19/2025 |
Upturn AI SWOT
VanEck Semiconductor ETF
ETF Overview
Overview
The VanEck Semiconductor ETF (SMH) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS US Listed Semiconductor 25 Index. The fund invests in companies involved in semiconductor production and equipment.
Reputation and Reliability
VanEck has a solid reputation as an ETF provider with a long history of offering specialized and sector-specific funds.
Management Expertise
VanEck has a dedicated investment team with experience in managing sector-focused ETFs, including technology and semiconductor funds.
Investment Objective
Goal
Seeks to replicate the price and yield performance of the MVIS US Listed Semiconductor 25 Index.
Investment Approach and Strategy
Strategy: The ETF tracks the MVIS US Listed Semiconductor 25 Index, a modified market cap-weighted index of US-listed companies involved in semiconductor production and equipment.
Composition The ETF primarily holds stocks of companies engaged in the manufacturing, distribution, and servicing of semiconductors and related equipment.
Market Position
Market Share: SMH holds a significant market share in the semiconductor ETF sector.
Total Net Assets (AUM): 17240000000
Competitors
Key Competitors
- iShares Semiconductor ETF (SOXX)
- ProShares Ultra Semiconductor (USD)
- Direxion Daily Semiconductor Bull 3X Shares (SOXL)
Competitive Landscape
The semiconductor ETF sector is competitive, with SMH and SOXX being the dominant players. SMH benefits from a strong brand and focused index, but faces competition from SOXX's broader diversification and lower expense ratio (in some cases). Leveraged ETFs such as SOXL and USD offer amplified returns but are inherently riskier and not suitable for all investors.
Financial Performance
Historical Performance: Historical performance data should be obtained from reliable financial data providers to review performance over different time periods.
Benchmark Comparison: Benchmark comparisons require fetching performance of the MVIS US Listed Semiconductor 25 Index and comparing it to SMH's performance.
Expense Ratio: 0.35
Liquidity
Average Trading Volume
SMH exhibits high liquidity as demonstrated by the high average trading volume.
Bid-Ask Spread
SMH has a tight bid-ask spread, typically a penny or two, reflecting its high liquidity.
Market Dynamics
Market Environment Factors
Semiconductor ETF performance is influenced by factors such as global economic growth, demand for electronic devices, technological innovation, and geopolitical factors affecting supply chains.
Growth Trajectory
SMH's growth is closely tied to the expansion of the semiconductor industry, driven by increasing demand for chips in various sectors, including AI, automotive, and consumer electronics; strategic shifts can occur based on technological advancements.
Moat and Competitive Advantages
Competitive Edge
SMH benefits from VanEck's established reputation in sector-specific ETFs and its focused exposure to leading semiconductor companies. It is specifically targeted to investors seeking exposure to the semiconductor industry rather than broader tech plays. The fund's liquidity and relatively tight bid-ask spread enhance its attractiveness. It tracks a modified market cap-weighted index which could lead to both outperformance and underperformance versus market-cap weighted indices. Its targeted index ensures that it focuses on leading semiconductor companies that could be leaders for years.
Risk Analysis
Volatility
SMH is expected to exhibit higher volatility than the broader market due to its concentration in the semiconductor sector.
Market Risk
SMH is susceptible to market risk related to economic downturns, technological disruptions, and changes in consumer demand for electronic products.
Investor Profile
Ideal Investor Profile
SMH is suitable for investors with a high risk tolerance who seek targeted exposure to the semiconductor industry and believe in the long-term growth potential of the sector.
Market Risk
SMH is more suitable for long-term investors who can withstand short-term market fluctuations and have a bullish outlook on the semiconductor industry; it is not typically recommended for risk-averse investors or short-term traders due to sector concentration.
Summary
The VanEck Semiconductor ETF (SMH) offers targeted exposure to the semiconductor industry by tracking the MVIS US Listed Semiconductor 25 Index. It is a suitable investment for investors with a high risk tolerance who seek to capitalize on the growth potential of the semiconductor sector. Its high liquidity and focused index are attractive features, but it is vulnerable to sector-specific risks and economic downturns. It faces stiff competition from other semiconductor ETFs but holds its own with brand recognition and historical performance. Investors should carefully consider their investment objectives and risk tolerance before investing in SMH.
Peer Comparison
Sources and Disclaimers
Data Sources:
- VanEck website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Investment decisions should be made based on your own research and consultation with a qualified financial advisor. Past performance is not indicative of future results. Market conditions can change rapidly, and investments in ETFs carry risk, including the potential loss of principal.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About VanEck Semiconductor ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.