Tearsheet

VanEck Semiconductor ETF (SMH)

Market Price (6/14/2026): $622.0

VanEck Semiconductor ETF (SMH)

Market Price (6/14/2026): $622.0

Key Takeaways

SMH has returned +72.1% YTD vs +9.1% for SPY; +142.0% over the past 12 months (SPY +25.7%). details →
Priced in gold, SMH has returned +87.8% over the past 3 years, vs +303.9% in dollars. details →
SMH's +72.1% YTD is ahead of its typical pace — it averaged +18.7% at this point (June 13) over the past 5 years. details →
SMH's top 10 holdings represent 66% of the fund vs 38% for SPY — a more concentrated portfolio. details →
Risk-adjusted returns beat SPY: 3-year Sharpe ratio of 1.5 vs 1.2. details →

Last updated: 6/13/2026.

Asset Allocation with SMH

	ETF	1D	1W	1M	YTD
Equity	SMH	1.7%	8.8%	8.3%	72.1%
Bond	BND	-0.1%	0.6%	0.4%	0.5%
Gold	GLD	0.1%	-2.4%	-10.2%	-2.5%
Commodity	DBC	-1.0%	-2.3%	-9.0%	27.7%
Real Estate	VNQ	0.9%	1.8%	2.7%	12.5%
Bitcoin	BTCUSD	-0.0%	4.3%	-19.8%	-27.4%
Cash	GOVT	-0.1%	0.4%	0.0%	-0.2%

	ETF	Return	Volatility	Sharpe
Equity	SMH	37.5%	28.1%	117.6%
Bond	BND	1.6%	5.2%	-17.4%
Gold	GLD	12.5%	15.2%	70.7%
Commodity	DBC	6.7%	16.8%	31.6%
Real Estate	VNQ	5.7%	17.9%	27.4%
Bitcoin	BTCUSD	60.2%	76.8%	95.2%
Cash	GOVT	0.6%	5.0%	-38.6%

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SMH	-42.1%	-24.5%	-23.3%
Bond	BND	-14.2%	-2.2%	1.3%
Gold	GLD	-7.7%	-6.3%	5.0%
Commodity	DBC	20.5%	-23.7%	-17.5%
Real Estate	VNQ	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	-56.0%	-33.5%	-37.4%
Cash	GOVT	-12.4%	4.4%	1.6%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

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Price Chart

ETF Price
Price/Gold

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	6/30/27	6/14/26	2025	2024	2023	2022	2021
Share Price CYE		$619.96	$360.13	$241.42	$173.56	$100.11	$150.61
Dividend/Share TTM		$1.10	$1.10	$1.07	$1.04	$2.40	$1.57
Valuation [1]
P/S	10.51	15.52	9.52	8.25	7.27	4.18	6.60
P/E		55.72	40.21	39.24	36.88	18.85	25.72
P/E (Non-GAAP) [2]	21.06	30.46	22.48	22.50	18.69	15.56	30.24
P/FCF		62.75	40.71	52.45	52.36	30.13	30.80
Yields TTM
Earnings Yield	4.75%	1.79%	2.49%	2.55%	2.71%	5.30%	3.89%
Dividend Yield	0.18%	0.18%	0.31%	0.44%	0.60%	2.40%	1.04%
Total Yield (TY)	4.93%	1.97%	2.79%	2.99%	3.31%	7.70%	4.93%
Risk Premium [3]
Risk Free Rate (Rf)	4.45%	4.45%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	0.48%	-2.48%	-1.39%	-1.59%	-0.57%	3.82%	3.41%
Growth Rates [6]
Sales Growth	30.9%	5.3%	20.7%	9.0%	-6.2%	7.3%
Earnings Growth [7]	35.5%	19.1%	77.8%	-8.2%	-19.8%	-5.2%

[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
Show more

Highlights

YIELD

SMH's earnings yield is 1.79%, based on its 55.7x trailing P/E. With a 0.18% dividend yield, SMH is yielding 1.97% in total.

RISK

Compared to US Treasuries at 4.45%, SMH's total yield implies a -2.48% risk premium. A negative risk premium means investors earn less than risk-free Treasuries — valuations are historically stretched, though expectations of falling interest rates or fast earnings growth can justify such levels.

FORWARD EXPECTATIONS

Based on analyst estimates, SMH's forward total yield is 4.93%, implying a 0.48% risk premium assuming stable Treasury rates.

Top 20 Holdings for SMH

Total Weights
Top 5: 45.9% | Top 10: 71.0% | Top 20: 96.1%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		83.79%	100.00%	100.00%	10.5	21.1	+30.9%	+35.5%
Top 20		81.07%	95.27%	98.50%	10.6	20.8	+31.7%	+35.6%
NVDA	NVIDIA	14.51%	13.67%	30.90%	10.9	19.2	+41.8%	+34.1%
TSM	Taiwan Semiconductor Manufacturing	9.27%	—	—	—	—	—	—
MU	Micron Technology	7.83%	7.63%	11.36%	6.3	10.4	+70.4%	+69.6%
INTC	Intel	7.22%	11.36%	—	10.3	120.3	+10.9%	-4.6%
AMD	Advanced Micro Devices	7.07%	5.88%	2.82%	13.2	56.5	+53.5%	+42.2%
AVGO	Broadcom	6.10%	4.70%	6.56%	12.6	25.9	+63.9%	+37.1%
LRCX	Lam Research	4.91%	4.30%	4.78%	15.0	46.3	+32.1%	+39.6%
KLAC	KLA	4.88%	3.55%	4.55%	19.5	4.9	+26.4%	+36.5%
AMAT	Applied Materials	4.67%	5.57%	5.86%	11.5	38.0	+26.8%	+32.0%
ASML	ASML	4.51%	—	—	—	—	—	—
TXN	Texas Instruments	4.43%	5.53%	5.78%	12.3	36.1	+11.2%	+15.4%
MRVL	Marvell Technology	4.19%	2.75%	2.86%	18.2	58.9	+44.0%	+52.5%
QCOM	Qualcomm	4.05%	14.78%	11.84%	5.3	18.5	+0.3%	-0.6%
ADI	Analog Devices	3.83%	4.43%	4.14%	12.7	30.0	+15.1%	+15.5%
CDNS	Cadence Design Systems	2.11%	2.06%	1.57%	15.9	44.5	+12.9%	+16.6%
SNPS	Synopsys	1.81%	3.35%	1.07%	8.4	32.7	+10.8%	+17.9%
STM	STMicroelectronics	1.27%	—	—	—	—	—	—
NXPI	NXP Semiconductors	1.20%	3.63%	2.74%	5.2	18.4	+10.6%	+21.6%
TER	Teradyne	1.14%	1.27%	1.03%	12.6	48.8	+22.3%	+31.4%
MPWR	Monolithic Power Systems	1.13%	0.80%	0.66%	18.9	58.4	+21.9%	+26.8%

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 6/30/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 6/30/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for SMH Top Holdings

Ticker	Holding	Weight	Mkt Price 6/13	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
SMH	VanEck Semiconductor ETF	100.00%	619.96	0.0%	7.2%	72.1%	142.0%	303.9%	401.4%	2,352.5%
NVDA	NVIDIA	14.51%	205.19	0.0%	-12.9%	10.2%	44.7%	378.1%	1,042.7%	17,573.6%
TSM	Taiwan Semiconductor Manufacturing	9.27%	423.93	0.0%	1.7%	40.2%	103.0%	313.3%	281.2%	2,038.8%
MU	Micron Technology	7.83%	981.61	0.0%	26.5%	244.1%	751.2%	1,338.5%	1,150.4%	8,273.4%
INTC	Intel	7.22%	124.57	0.0%	7.5%	237.6%	518.5%	257.2%	133.9%	390.0%
AMD	Advanced Micro Devices	7.07%	511.57	0.0%	13.8%	138.9%	340.4%	301.8%	527.3%	11,474.0%
AVGO	Broadcom	6.10%	382.07	0.0%	-13.1%	10.6%	54.9%	348.6%	787.5%	2,997.9%
LRCX	Lam Research	4.91%	366.81	0.0%	22.6%	114.5%	312.8%	497.7%	495.0%	4,988.6%
KLAC	KLA	4.88%	254.54	0.0%	34.6%	110.0%	195.3%	443.3%	723.4%	4,015.7%
AMAT	Applied Materials	4.67%	567.25	0.0%	28.9%	121.3%	235.0%	311.8%	325.6%	2,569.2%
ASML	ASML	4.51%	1,863.55	0.0%	17.6%	74.8%	146.8%	158.3%	175.0%	2,069.1%
TXN	Texas Instruments	4.43%	301.12	0.0%	-2.3%	75.6%	58.8%	85.6%	82.4%	541.7%
MRVL	Marvell Technology	4.19%	279.70	0.0%	53.2%	229.5%	317.4%	348.7%	430.1%	2,897.2%
QCOM	Qualcomm	4.05%	211.72	0.0%	6.2%	25.0%	39.7%	83.1%	71.8%	422.2%
ADI	Analog Devices	3.83%	417.79	0.0%	-1.8%	55.0%	88.2%	128.5%	170.0%	786.7%
CDNS	Cadence Design Systems	2.11%	384.96	0.0%	9.1%	23.2%	28.3%	63.1%	194.0%	1,480.9%
SNPS	Synopsys	1.81%	453.89	0.0%	-11.0%	-3.4%	-5.2%	1.8%	70.3%	764.1%
STM	STMicroelectronics	1.27%	77.30	0.0%	20.1%	198.8%	168.2%	58.7%	108.3%	1,416.3%
NXPI	NXP Semiconductors	1.20%	304.86	0.0%	3.6%	41.2%	47.3%	63.8%	63.3%	301.0%
TER	Teradyne	1.14%	403.20	0.0%	13.1%	108.5%	386.6%	269.6%	212.7%	2,089.8%
MPWR	Monolithic Power Systems	1.13%	1,577.32	0.0%	-2.3%	74.4%	136.1%	200.4%	365.0%	2,386.2%

Guidance Updates for SMH Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
ADI_5202026	ADI	Analog Devices	5/20/2026	Q3 2026 Revenue	3.90 Bil	11.4%	RaisedRaised Prior Guidance of 3.50 Bil for Q2 2026
AMAT_5142026	AMAT	Applied Materials	5/14/2026	Q3 2026 Total Revenue	8.95 Bil	17.0%	RaisedRaised Prior Guidance of 7.65 Bil for Q2 2026
AMD_5052026	AMD	Advanced Micro Devices	5/5/2026	Q2 2026 Revenue	11.20 Bil	14.3%	Higher NewNew Guidance Higher than Prior Actual of 9.80 Bil for Q1 2026
AVGO_6032026	AVGO	Broadcom	6/3/2026	Q3 2026 Revenue	29.40 Bil	33.6%	Higher NewNew Guidance Higher than Prior Actual of 22.00 Bil for Q2 2026
KLAC_4292026	KLAC	KLA	4/29/2026	Q4 2026 Revenue	3.58 Bil	6.7%	RaisedRaised Prior Guidance of 3.35 Bil for Q3 2026
MPWR_4302026	MPWR	Monolithic Power Systems	4/30/2026	Q2 2026 Revenue	900.00 Mil	15.4%	Higher NewNew Guidance Higher than Prior Actual of 780.00 Mil for Q1 2026
MRVL_5272026	MRVL	Marvell Technology	5/27/2026	Q2 2027 Revenue	2.70 Bil	12.5%	RaisedRaised Prior Guidance of 2.40 Bil for Q1 2027
MU_3182026	MU	Micron Technology	3/18/2026	Q3 2026 Revenue	33.50 Bil	79.1%	Higher NewNew Guidance Higher than Prior Actual of 18.70 Bil for Q2 2026
NVDA_5202026	NVDA	NVIDIA	5/20/2026	Q2 2027 Revenue	91.00 Bil	16.7%	RaisedRaised Prior Guidance of 78.00 Bil for Q1 2027
NXPI_4282026	NXPI	NXP Semiconductors	4/28/2026	Q2 2026 Revenue	3.45 Bil	9.5%	RaisedRaised Prior Guidance of 3.15 Bil for Q1 2026
SNPS_5272026	SNPS	Synopsys	5/27/2026	Q3 2026 Revenue	2.44 Bil	8.2%	RaisedRaised Prior Guidance of 2.25 Bil for Q2 2026
TXN_4222026	TXN	Texas Instruments	4/22/2026	Q2 2026 Revenue	5.20 Bil	15.6%	Higher NewNew Guidance Higher than Prior Actual of 4.50 Bil for Q1 2026

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
SMH Return	42%	-34%	73%	39%	49%	69%	475%
Peers Return	20%	-4%	19%	5%	30%	29%	143%
S&P 500 Return	27%	-19%	24%	23%	16%	8%	97%
Monthly Win Rates [3]
SMH Win Rate	83%	42%	67%	67%	67%	83%
Peers Win Rate	53%	50%	55%	53%	67%	67%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
SMH Max Drawdown	-16%	-45%	-14%	-25%	-33%	-15%
Peers Max Drawdown	-22%	-35%	-20%	-17%	-25%	-13%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: SOXX, IBB, XBI, ITA, XOP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
SMH	3.06	1.46	0.99
Equity Top Results (3Y)
DRSK	1.80	1.80	1.80
SPMO	1.94	1.73	1.01
VLUE	3.56	1.62	0.73
CGDV	2.14	1.47	0.95
SMH	3.06	1.46	0.99

Results as of 5312026.

Event	SMH	S&P 500
2025 US Tariff Shock
% Loss	-30.1%	-18.8%
% Gain to Breakeven	43.0%	23.1%
Time to Breakeven	63 days	79 days
2024 Yen Carry Trade Unwind
% Loss	-24.8%	-7.8%
% Gain to Breakeven	33.0%	8.5%
Time to Breakeven	329 days	18 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-12.1%	-9.5%
% Gain to Breakeven	13.8%	10.5%
Time to Breakeven	15 days	24 days
2022 Inflation Shock & Fed Tightening
% Loss	-45.1%	-24.5%
% Gain to Breakeven	82.3%	32.4%
Time to Breakeven	272 days	427 days
2020 COVID-19 Crash
% Loss	-33.6%	-33.7%
% Gain to Breakeven	50.7%	50.9%
Time to Breakeven	77 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-22.9%	-19.2%
% Gain to Breakeven	29.7%	23.8%
Time to Breakeven	63 days	105 days

Compare to SOXX, IBB, XBI, ITA, XOP

In The Past

VanEck Semiconductor ETF's stock fell -30.1% during the 2025 US Tariff Shock. Such a loss loss requires a 43.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	SMH	S&P 500
2025 US Tariff Shock
% Loss	-30.1%	-18.8%
% Gain to Breakeven	43.0%	23.1%
Time to Breakeven	63 days	79 days
2024 Yen Carry Trade Unwind
% Loss	-24.8%	-7.8%
% Gain to Breakeven	33.0%	8.5%
Time to Breakeven	329 days	18 days
2022 Inflation Shock & Fed Tightening
% Loss	-45.1%	-24.5%
% Gain to Breakeven	82.3%	32.4%
Time to Breakeven	272 days	427 days
2020 COVID-19 Crash
% Loss	-33.6%	-33.7%
% Gain to Breakeven	50.7%	50.9%
Time to Breakeven	77 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-22.9%	-19.2%
% Gain to Breakeven	29.7%	23.8%
Time to Breakeven	63 days	105 days
2008-2009 Global Financial Crisis
% Loss	-55.3%	-53.4%
% Gain to Breakeven	124.0%	114.4%
Time to Breakeven	741 days	1085 days

Compare to SOXX, IBB, XBI, ITA, XOP

In The Past

VanEck Semiconductor ETF's stock fell -30.1% during the 2025 US Tariff Shock. Such a loss loss requires a 43.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

SMH Dip Buy History

SMH had 24 events since 1/1/2005 where the dip threshold of -5.0% within 60 days was triggered

32% median peak return within 1 year of dip event
290 days is the median time to peak return after a dip event
-13% median max drawdown within 1 year of dip event

60 Day Dip			SMH Subsequent Performance
Date	SMH	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			21%	32%	-13%	290
1272025	-6%	4%	74%	73%	-24%	365
8072024	-5%	-0%	43%	41%	-15%	357
9212023	-7%	-1%	71%	101%	-2%	293
1272022	-7%	-6%	-8%	12%	-33%	13
5102021	-8%	7%	-5%	37%	-5%	231
3092020	-7%	-12%	91%	113%	-16%	344
5282019	-5%	0%	48%	59%	-0%	267
10102018	-9%	-0%	30%	31%	-14%	287
4192018	-8%	-5%	20%	20%	-18%	364
2082018	-6%	0%	6%	19%	-13%	32
1112016	-6%	-3%	50%	52%	-7%	351
7082015	-6%	-2%	10%	14%	-13%	351
10102014	-9%	-2%	16%	33%	-1%	231
10222012	-5%	4%	34%	38%	-1%	364
5142012	-7%	-1%	20%	22%	-8%	361
6202011	-6%	-2%	6%	18%	-16%	280
6292010	-7%	-12%	28%	41%	-8%	317
3092009	-8%	-23%	71%	82%	0%	305
7072008	-6%	-8%	-26%	7%	-48%	38
10102007	-7%	1%	-43%	0%	-43%	7
3092006	-5%	1%	-3%	6%	-19%	42
10102005	-7%	-3%	-1%	16%	-16%	93
5032005	-5%	-3%	21%	30%	0%	253
1242005	-8%	4%	26%	35%	0%	352

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 6/13/2026

SMH had 15 events since 1/1/2005 where the dip threshold of -10% within 90 days was triggered

32% median peak return within 1 year of dip event
287 days is the median time to peak return after a dip event
-12% median max drawdown within 1 year of dip event

90 Day Dip			SMH Subsequent Performance
Date	SMH	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			21%	32%	-12%	287
3032025	-11%	0%	77%	92%	-19%	359
11142024	-12%	6%	37%	49%	-27%	349
10262023	-10%	-5%	84%	106%	0%	258
12162022	-11%	-8%	66%	65%	-7%	364
3112022	-11%	-8%	1%	15%	-30%	18
3122020	-12%	-18%	114%	137%	-7%	341
10102018	-13%	2%	30%	31%	-14%	287
7092015	-11%	-2%	14%	15%	-12%	350
6012012	-12%	-2%	30%	32%	-0%	350
8042011	-13%	-8%	17%	28%	-8%	235
8202010	-13%	-11%	7%	43%	-7%	265
9032008	-12%	-8%	-7%	0%	-45%	0
11082007	-11%	-3%	-42%	2%	-45%	32
5172006	-12%	-1%	7%	9%	-17%	357
4152005	-13%	-3%	21%	34%	0%	271

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 6/13/2026

SMH had 7 events since 1/1/2005 where the dip threshold of -20% within 180 days was triggered

47% median peak return within 1 year of dip event
363 days is the median time to peak return after a dip event
-18% median max drawdown within 1 year of dip event

180 Day Dip			SMH Subsequent Performance
Date	SMH	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			49%	47%	-18%	363
3102025	-22%	3%	84%	99%	-16%	352
6132022	-22%	-15%	49%	47%	-18%	365
1032019	-21%	-8%	77%	80%	0%	364
2112016	-22%	-13%	66%	68%	0%	363
9092008	-21%	-15%	4%	4%	-43%	365
7032008	-20%	-17%	-24%	6%	-48%	42
1112008	-21%	-5%	-39%	19%	-47%	129

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 6/13/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
XLG	Invesco S&P 500 Top 50 ETF	-5.1%	61.32	6132026	64.59	6012026	12
VUG	Vanguard Growth ETF	-5.6%	85.27	6132026	90.29	6012026	12
IWF	iShares Russell 1000 Growth ETF	-5.6%	121.61	6132026	128.77	6012026	12
SCHG	Schwab U.S. Large-Cap Growth ETF	-5.3%	33.42	6132026	35.30	6012026	12
VONG	Vanguard Russell 1000 Growth ETF	-5.5%	125.20	6132026	132.52	6012026	12
MGK	Vanguard Mega Cap Growth ETF	-5.6%	86.88	6132026	92.06	6012026	12
ARKK	ARK Innovation ETF	-9.1%	75.65	6132026	83.21	1132026	151
URA	Global X Uranium ETF	-26.4%	45.52	6132026	61.81	1282026	136
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-10.8%	37.12	6132026	41.63	5132026	31
ROBO	ROBO Global Robotics & Automation Index ETF	-8.1%	83.00	6132026	90.34	6022026	11
LIT	Global X Lithium & Battery Tech ETF	-10.1%	82.37	6132026	91.62	5112026	33
ICLN	iShares Global Clean Energy ETF	-11.9%	20.92	6132026	23.75	6022026	11
CGBL	Capital Group Core Balanced ETF	-6.2%	34.41	6132026	36.67	2252026	108
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-9.7%	63.57	6132026	70.39	5112026	33
VGT	Vanguard Information Technology ETF	-7.2%	116.74	6132026	125.77	6022026	11
XLK	State Street Technology Select Sector SPDR ETF	-6.8%	184.80	6132026	198.21	6022026	11
XLE	State Street Energy Select Sector SPDR ETF	-8.0%	57.55	6132026	62.56	3292026	76
XLC	State Street Communication Services Select Sector SPDR ETF	-6.7%	111.65	6132026	119.70	2012026	132
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-6.2%	116.60	6132026	124.27	1122026	152
XLU	State Street Utilities Select Sector SPDR ETF	-6.1%	44.53	6132026	47.40	3012026	104
ITA	iShares U.S. Aerospace & Defense ETF	-6.6%	233.79	6132026	250.42	3022026	103
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-12.1%	165.34	6132026	188.18	3292026	76
EDV	Vanguard World Funds Extended Duration ETF	-6.0%	64.25	6132026	68.33	3012026	104
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-9.8%	17.06	6132026	18.91	5122026	32
DBC	Invesco DB Commodity Index Tracking Fund	-9.9%	28.55	6132026	31.69	5122026	32
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-11.0%	32.52	6132026	36.53	5192026	25
GSG	iShares GSCI Commodity	-5.8%	30.01	6132026	31.85	3182026	87
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-9.8%	23.38	6132026	25.91	5122026	32
FTGC	First Trust Global Tactical Commodity Strategy Fund	-8.6%	27.90	6132026	30.53	5122026	32
HGER	Harbor Commodity All-Weather Strategy ETF	-9.9%	30.17	6132026	33.47	5122026	32
GLD	SPDR Gold Trust	-22.1%	386.54	6132026	495.90	1292026	135
IAU	iShares Gold Trust	-22.0%	79.19	6132026	101.57	1292026	135
GLDM	SPDR Gold MiniShares Trust	-22.0%	83.32	6132026	106.77	1292026	135
SGOL	ETFS Physical Swiss Gold Shares	-13.1%	44.66	6132026	51.41	1292026	135
BAR	Direxion Daily Gold Bull 3X Shares	-16.6%	44.34	6132026	53.16	1292026	135
SLV	iShares Silver Trust	-42.0%	61.29	6132026	105.60	1282026	136
SIVR	ETFS Physical Silver Shares Trust ETF	-24.8%	83.39	6132026	110.87	1282026	136
PPLT	ETFS Physical Platinum Shares	-38.4%	15.54	6132026	25.23	1252026	139
CPER	United States Copper Index Fund ETV	-13.9%	33.33	6132026	38.71	1292026	135
PALL	ETFS Physical Palladium Shares	-37.5%	23.23	6132026	37.18	1282026	136
USO	United States Oil Fund LP	-18.0%	125.43	6132026	152.96	5192026	25
UNG	United States Natural Gas Fund LP	-32.8%	11.35	6132026	16.90	2012026	132
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	6132026	60.13	5042026	40
IBIT	iShares Bitcoin Trust ETF	-35.0%	36.04	6132026	55.44	1142026	150
FBTC	Fidelity Wise Origin Bitcoin Fund	-35.0%	55.35	6132026	85.12	1142026	150
GBTC	Grayscale Bitcoin Trust ETF	-19.0%	61.84	6132026	76.31	1142026	150
ETHA	iShares Ethereum Trust ETF	-50.9%	12.57	6132026	25.59	1142026	150

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About SMH

Holdings Count: 26
Expense Ratio: 0.35%
Inception Date: 2011-12-20

VanEck Semiconductor ETF
The VanEck Semiconductor ETF (SMH) strives to mirror, as closely as feasible, the price and yield performance of the MVIS US Listed Semiconductor 25 Index (MVSMHTR), prior to the assessment of any fees or expenses. This underlying index is designed to reflect the comprehensive performance of businesses engaged in the manufacturing of semiconductors and related equipment.
Asset Class: Equity | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ROKU	Roku	21.2	20.1%	32.4%
TBN	Tamboran Resources	0.9	19.9%	48.3%
STTK	Shattuck Labs	0.6	18.2%	35.3%
SENEA	Seneca Foods	1.2	17.5%	58.5%
ALMS	Alumis	3.0	15.6%	147.4%
ELVN	Enliven Therapeutics	2.9	14.3%	199.5%
AKTS	Aktis Oncology	1.1	12.7%	∞%
ZBIO	Zenas BioPharma	1.1	11.5%	-45.5%
POET	POET Technologies	1.8	11.4%	97.9%
VYX	NCR Voyix	1.1	10.3%	-23.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	5.1	-19.1%	42.5%
YSS	York Space Systems	3.5	-17.9%	-17.6%
VELO	Velo3D	0.5	-16.7%	85.6%
ASTS	AST SpaceMobile	24.0	-15.5%	13.5%
OMER	Omeros	0.6	-14.2%	-49.1%
VOYG	Voyager Technologies	2.4	-14.0%	57.4%
LUNR	Intuitive Machines	3.2	-13.1%	64.0%
SHAZ	SharonAI	0.9	-12.9%	-32.6%
SWMR	Swarmer	0.7	-12.7%	45.8%
NAVN	Navan	5.0	-11.9%	16.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
VELO	Velo3D	0.5	60.9%	85.6%
TNGX	Tango Therapeutics	4.4	53.0%	249.2%
CBRL	Cracker Barrel Old Country Store	1.0	39.2%	86.6%
ICHR	Ichor	3.0	38.0%	371.0%
NUVL	Nuvalent	9.7	35.5%	22.5%
CNTN	Canton Strategic	0.6	34.3%	2.0%
PAYO	Payoneer Global	2.3	33.9%	20.1%
ELVN	Enliven Therapeutics	2.9	32.9%	199.5%
GLXY	Galaxy Digital	6.4	32.7%	49.2%
UCTT	Ultra Clean	4.9	32.7%	329.9%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
PCT	PureCycle Technologies	1.6	-29.0%	3.4%
SMCI	Super Micro Computer	18.3	-26.8%	4.1%
SWMR	Swarmer	0.7	-25.6%	45.8%
WOLF	Wolfspeed	1.7	-21.6%	147.8%
NRGV	Energy Vault	0.7	-21.4%	-6.7%
MRLN	Merlin	0.5	-20.8%	-71.0%
SAIL	SailPoint	8.2	-19.8%	-27.7%
PRIM	Primoris Services	5.3	-19.0%	-20.5%
ADBE	Adobe	83.6	-18.9%	-41.7%
TMCR	Metals Royalty	0.5	-18.6%	-33.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
NVRI	Enviri	1.8	295.5%	329.9%
APPS	Digital Turbine	1.1	136.9%	95.2%
HYLN	Hyliion	1.3	106.1%	302.2%
AMC	AMC Entertainment	1.3	75.9%	50.0%
REPL	Replimune	0.8	67.5%	-8.6%
ALAB	Astera Labs	62.7	63.8%	120.7%
UMAC	Unusual Machines	0.9	63.2%	91.8%
GENI	Genius Sports	1.8	62.7%	-37.8%
DELL	Dell Technologies	261.1	62.2%	215.6%
CBRL	Cracker Barrel Old Country Store	1.0	61.3%	86.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
ADCT	ADC Therapeutics	0.2	-69.8%	-70.3%
VRRM	Verra Mobility	0.7	-65.2%	-79.2%
BTGO	BitGo	0.5	-58.2%	-73.1%
FULC	Fulcrum Therapeutics	0.3	-52.4%	-69.5%
LWLG	Lightwave Logic	1.4	-47.4%	196.0%
MRAM	Everspin Technologies	0.6	-41.1%	163.0%
HYMC	Hycroft Mining	2.3	-41.0%	8.4%
OMER	Omeros	0.6	-39.3%	-49.1%
JBIO	Jade Biosciences	0.9	-38.8%	-0.6%
PLAB	Photronics	1.8	-38.7%	-0.7%

Short Interest

Short Interest: As Of Date	5292026
Short Interest: Shares Quantity	12.8 Mil
Short Interest: % Change Since 5152026	-1.4%
Average Daily Volume	9.3 Mil
Days-to-Cover Short Interest	1.4 days

External Quote Links

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4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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VanEck Semiconductor ETF (SMH)

Market Price (6/14/2026): $622.0

VanEck Semiconductor ETF (SMH)

Market Price (6/14/2026): $622.0

Key Takeaways

Asset Allocation with SMH

Price Chart

Valuation & Yield

Top 20 Holdings for SMH

Performance for SMH Top Holdings

Guidance Updates for SMH Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

SMH Dip Buy History

Current Dip Buy Opportunities Across ETFs

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About SMH

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Short Interest

Returns Analyses

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