VanEck Semiconductor ETF (SMH)
| Assets | $59.65B |
| Expense Ratio | 0.35% |
| PE Ratio | 24.95 |
| Forward PE | 14.91 |
| Shares Out | 128.54M |
| Dividend | $1.10 (0.23%) |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 5.82% |
| Volume | 10,318,044 |
| Open | 478.19 |
| Previous Close | 487.41 |
| Day's Range | 474.03 - 492.74 |
| 52-Week Low | 315.05 |
| 52-Week High | 671.83 |
| Beta | 1.80 |
| 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
69.97% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 20.75% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 9.97% |
| Texas Instruments Incorporated | TXN | 5.92% |
| Broadcom Inc. | AVGO | 5.70% |
| Advanced Micro Devices, Inc. | AMD | 5.36% |
| Analog Devices, Inc. | ADI | 4.87% |
| ASML Holding N.V. | ASML | 4.61% |
| QUALCOMM Incorporated | QCOM | 4.38% |
| KLA Corporation | KLAC | 4.23% |
| Micron Technology, Inc. | MU | 4.17% |
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 39.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 26.86%.
News
US power demand to beat record highs in 2026 and 2027 as AI use surges, EIA says
US electricity consumption will rise to record highs in 2026 and 2027 due to power-hungry AI data centers and electrification, the US Energy Information Administration said in its Short-Term Energy O...
Chipmakers warn AI demand is creating bottlenecks in automotive supply chain
Dutch chipmaker Nexperia is "totally oversubscribed" as suppliers divert manufacturing capacity toward fast-growing AI data centres and away from the mature chips used in cars and industrial equipme...
Chip Stocks and Nvidia Trade Places as Normal Service Resumes
The chip sector remains under pressure despite a strong rally Monday.
Analysts say these chip stocks are bargains. Is it time to buy?
While some analysts view the steep drop in names like Nvidia, Micron and Sandisk as an overreaction, others are staying cautious.
3 ETFs to Watch as AI Analyst Projects Double-Digit Upside
Exchange-traded funds (ETFs) offer investors a way to capture growth opportunities in financial markets. Investors looking for where to start can look to the following ETFs: VanEck Semiconductor ETF (...
ETF Edge on how the Nvidia turmoil could impact the AI trade
While the controversy around Nvidia CEO Jensen Huang continues to unfold, many investors are wondering about the potential ripple effects around the larger AI economy and the tech trade. Yorkville Ive...
Chip stocks are the cheapest they've been in nearly seven years. How low is too low?
Contrarian investors might see the sharp decline in semiconductor stocks on Nov. 5 as a buying opportunity, especially since soaring earnings expectations have driven valuations to their lowest levels...
Chipmaker Selloff Deepens on Fears of Tighter Regulation
Chipmaker stocks are leading a selloff on Wall Street Thursday. Nvidia Corp. shares slid 7% at one point.
Nasdaq 100 falls over 4% as chip stocks drop a day after the midterm rally
The Nasdaq 100 fell over 4% on Thursday morning, led by chip stocks. Weak forecasts from Qualcomm and Arm added to worries that voters will slow the data center buildout.
Data center and chip stocks decline after Democrats flip both House and Senate
CNBC's Seema Mody joins 'The Exchange' with the latest news surrounding chip stocks.
Wharton's Jeremy Siegel: There are a lot of non-tech stocks that aren't doing badly
Jeremy Siegel, Wharton School professor, joins 'Closing Bell' to discuss the week in the markets.
Big Tech Earnings Couldn't Ignite Chip Stocks. What The Semis Need Now.
Several catalysts are on the calendar for semiconductor companies.
SOX, SMH to Rally 50%? Chris Vermeulen Sees AI Stock "Feeding Frenzy" Ahead
Chris Vermeulen of @TheTechnicalTraders says AI semiconductor stock charts like the PHLX Semiconductor Index (SOX) and the VanEck Semiconductor ETF (SMH) show persistent short- and long-term bullish t...
Support for semiconductor stocks could be as much as 15% lower than current levels, says Morgan Stanley
The chief stock-market strategist for Morgan Stanley is sticking with a forecast that the S&P 500 will end the year at 8,000, but growing caution is on display as he identified that support for the ke...
Options Corner: SMH Slumps Near 3-Month Lows as Bears Claw into AI Trade
The VanEck Semiconductor ETF (SMH) is near 3-month lows as sentiment around the AI trade continues to plunge. As Tom White points out, the ETF has still vastly outperformed the S&P 500 (SPX) year-over...
These 3 ETFs Have 15%+ Upside Potential, Says the AI Analyst
TipRanks’ ETF AI Analyst sees more than 15% upside in VanEck Semiconductor ETF ($SMH), iShares U.S. Technology ETF ($IYW), and State Street SPDR Portfolio Nasdaq 100 ETF ($QNDX). The AI Analyst’s bull...
US to award $389 million in R&D funds for power semiconductors, critical materials
US to award $389 million in R&D funds for power semiconductors, critical materials
The Buying Opportunities Hidden in the Chip Stock Chaos
Few, if any, chip names have been left unscathed from the brutal selloff. But it's a chance to hunt for bargains.
US chip stocks set to wipe out $2 trillion after latest selloff
US semiconductor stocks were set to lose $2 trillion in market value on Thursday in the steep selloff since last week, driven by rising bets of an interest-rate hike and concerns over the cos...
Jim Cramer isn't giving up on semiconductor stocks despite the sell off. Here's why
CNBC's Jim Cramer said investors shouldn't give up on semiconductor stocks despite the recent sell-off, arguing that strong demand for chips continues to support the industry's long-term growth. Crame...
How Thematic ETFs Help Investors Meet the AI Moment
The ETF ecosystem grows almost every day, with hundreds of new strategies and massive flows coming with each year that goes by. Thanks to the ETF wrapper's flexibility, issuers can craft and release t...
Why Nvidia stock is down around 1.6% on Monday
Nvidia NVDA shares fell on Monday after Microsoft announced plans to ramp up production of its own artificial intelligence chip, calling the initiative its "biggest bet yet" on custom silicon. Nvidia ...
AI ETFs: Beyond Chips & Hyperscalers
While AI investing initially centered on hyperscalers and chips, the opportunity has been broadening as infrastructure grows. Opportunities are moving further down and across the supply chain — into m...

