VanEck Semiconductor ETF (SMH)
| Assets | $74.62B |
| Expense Ratio | 0.35% |
| PE Ratio | 36.95 |
| Shares Out | 123.44M |
| Dividend (ttm) | $1.10 |
| Dividend Yield | 0.18% |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 6.79% |
| Volume | 4,660,131 |
| Open | 605.57 |
| Previous Close | 600.52 |
| Day's Range | 602.22 - 609.66 |
| 52-Week Low | 313.60 |
| 52-Week High | 671.83 |
| Beta | 1.73 |
| Holdings | 26 |
| Inception Date | Dec 20, 2011 |
About SMH
Fund Home PageThe VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on Dec 20, 2011 and is issued by VanEck.
Top 10 Holdings
67.24% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 19.14% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 9.16% |
| Advanced Micro Devices, Inc. | AMD | 5.76% |
| Broadcom Inc. | AVGO | 5.24% |
| Micron Technology, Inc. | MU | 5.01% |
| Intel Corporation | INTC | 4.94% |
| SK hynix Inc. | SKHY | 4.59% |
| Texas Instruments Incorporated | TXN | 4.54% |
| Marvell Technology, Inc. | MRVL | 4.44% |
| Applied Materials, Inc. | AMAT | 4.42% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 22, 2025 | $1.1047 | Dec 26, 2025 |
| Dec 23, 2024 | $1.0713 | Dec 24, 2024 |
| Dec 18, 2023 | $1.0427 | Dec 22, 2023 |
| Dec 19, 2022 | $1.2005 | Dec 23, 2022 |
| Dec 20, 2021 | $0.78665 | Dec 27, 2021 |
| Dec 21, 2020 | $0.7511 | Dec 28, 2020 |
Performance
SMH had a total return of 89.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 29.11%.
News
Options Corner: ON Making Bullish Crossover as SMH Outperforms
OnSemi (ON) is a winner in the analog AI chip space, says Rick Ducat, even as the stock moves in a bearish pattern. However, he points out ways shares are setting the stage for a bullish crossover.
KOSPI vs Nikkei: Asia's AI trade fractures ahead of Fed and BOJ decisions
Asian stocks diverged on Tuesday as South Korea's KOSPI struggled to shake off pressure on semiconductor shares while Japan's Nikkei 225 recovered, leaving the region's two most AI-sensitive markets m...
Chip stocks were a safe AI play. Now they've turned into the market's pain trade.
A slowdown in the pace of AI development wouldn't necessary dent spending, but there are other reasons semiconductor investors may want to take a measured approach.
Chip Stocks Tumble After AI Leaders Call For Slowdown in AI Development
European chip stocks followed Asian peers lower, after leaders of the world's biggest AI companies called for the industry to slow the tech's development for safety reasons.
South Korea's power demand set to soar on AI boom as nation weighs expanding nuclear energy
South Korea's demand for power in the coming years is set to surge on plans by chipmakers Samsung Electronics and SK Hynix to expand production and the building of new AI data centres, according to t...
Chip stock investors beware — these charts could warn of further weakness ahead
Investors in semiconductor stocks may not pay much attention to the currency markets, but recent developments for outside the U.S. borders are warning that's exactly what they should be doing.
South Korea says chip investments under discussion with US amid tariff concerns
South Korea and the United States are discussing semiconductor investments in the U.S. as part of broader bilateral talks, a Seoul official told reporters on Friday.
3 ‘Outperform’ ETFs with 10%+ Upside Potential, According to the AI Analyst
TipRanks’ ETF AI Analyst has an Outperform rating on the VanEck Semiconductor ETF ($SMH), iShares MSCI USA Quality Factor ETF ($QUAL), and Dimensional U.S. High Profitability ETF ($DUHP), and sees mor...
How one strategist warned on semiconductor stocks within a day of their top
The chairman of JPMorgan Asset Management's market and investment strategy warned on chip stocks within a day of their peak.
How Advisors Rebuilt Their ETF Lineups in Q2 2026
Advisors did not slow down on exchange-traded funds in the second quarter. They added more of them, and pointed the money somewhere new, according to AdvizorPro's Q2 2026 RIA ETF Trends report.
AI Theme Still Running Hot as Nvidia Beats Q2 Earnings Estimates
Heading into Q2 fiscal 2027 earnings, the capital markets wondered if the vaunted chipmaking giant Nvidia still has its mojo. Despite rallying to atmospheric levels over the past three years, this mas...
U.S. considers fresh round of tariffs on semiconductors, report says
Trump is reportedly considering broader semiconductor tariffs, Politico reported Thursday. The tariffs could cover servers, laptops and gaming hardware, people familiar with the matter told the outlet...
US weighs a new round of tariffs on semiconductors, Politico reports
The Trump administration is considering a new round of sweeping tariffs on semiconductors, Politico reported on Thursday citing eight people familiar with discussions.
BofA warns of another 10% decline in chip stocks
Even as Wall Street's broader conviction on artificial intelligence holds firm, short-term positioning fatigue is threatening to unwind the market's most lucrative trade. Chip stocks face a sharp near...
James Demmert on NVDA "Bargain" Stock Price, Mixed SMH & Value Outside Tech
James Demmert says Nvidia's (NVDA) earnings will be "very important" but expects Wall Street to "overcomplicate" the report. He calls the stock a "bargain" at current prices.
A Contrarian Dividend Play On Overdone AI Bubble Fears
The media has been abuzz with fresh fears that the AI bubble is finally popping.
Contrarian vs. the crowd: One trader made a massive bet against chip stocks
The biggest single options trade in the entire market Monday was a $129 million bet against the VanEck Semiconductor ETF.
Chip stocks are closing in on a bull market. Here's why some analysts are nervous.
Wall Street is excited about growing backlogs at some AI infrastructure companies, but some experts caution that there's no guarantee all those orders will be carried out.
South Korea to establish fund for semiconductor materials, parts and equipment, official says
South Korea will launch a new 5 trillion won ($3.52 billion) semiconductor fund focused on promising chip materials, components and fabless companies, Presidential Chief of Staff Kang Hoon-sik sai...
AI ETFs: Memory & Photonics Move Into Focus
Key Takeaways: AI investing is broadening beyond processors to memory and photonics, which address critical data storage and connectivity bottlenecks. Both memory and photonics ETFs offer targeted acc...
It looks like 'Big Short' investor Michael Burry nailed his bet against AI chip stocks
Michael Burry likely won big with his bets against microchip stocks last month. The "Big Short" investor said he bet against the iShares Semiconductor ETF, which fell 21% in July.
Semiconductor Index Eyes $13,500 as Elliott Wave Bounce Takes Shape
SOX rebounded from a key Fibonacci target after breaking below $12K, renewing bullish expectations toward the $13,500 region before another potential decline.
US signs letters of intent worth $874 million to boost semiconductor research
The U.S. Department of Commerce said on Tuesday it has signed letters of intent to provide $874 million in incentives to seven companies developing semiconductor technologies for AI and advanced com...
Investors Rotate Out of Chip Stocks
Investors continued selling chip and memory stocks. The market has been spooked by concerns of tech giants' ballooning spending and signs that China may be catching up in the AI arms race. Asian chip ...