VanEck Semiconductor ETF (SMH)
| Assets | $49.20B |
| Expense Ratio | 0.35% |
| PE Ratio | 45.83 |
| Shares Out | 111.99M |
| Dividend (ttm) | $1.10 |
| Dividend Yield | 0.25% |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 10.96% |
| Volume | 11,225,706 |
| Open | 434.45 |
| Previous Close | 430.31 |
| Day's Range | 434.45 - 441.54 |
| 52-Week Low | 184.40 |
| 52-Week High | 441.54 |
| Beta | 1.55 |
| 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
72.32% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 18.45% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 11.41% |
| Broadcom Inc. | AVGO | 7.96% |
| Intel Corporation | INTC | 5.40% |
| Lam Research Corporation | LRCX | 4.97% |
| KLA Corporation | KLAC | 4.95% |
| ASML Holding N.V. | ASML | 4.88% |
| Advanced Micro Devices, Inc. | AMD | 4.85% |
| Applied Materials, Inc. | AMAT | 4.76% |
| Micron Technology, Inc. | MU | 4.70% |
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 107.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 27.19%.
News
Goldman's Dane Likes Semis, AI Building Blocks on Capex
Following a recent ceasefire that has boosted market morale, tech stocks have experienced a notable rebound. Brook Dane, Goldman Sachs Asset Management's co-head of public tech investing, discusses hi...
Tech ETFs in Q1: Fracturing of the One Tech Trade
The first quarter of 2026 was the moment the market stopped treating technology as a monolith. Beneath the big tech selloff grabbing headlines, a violent dispersion has been bubbling beneath.
The ETF Barbell: Hedging War While Reloading on AI
Mounting tensions in the Middle East have pushed Brent crude prices well over $100 a barrel, while Treasury yields remain stubbornly high at 4.25%. In response, ETF flows have fractured into a distinc...
How the Iran war and rising energy prices are threatening semiconductor demand
A prolonged conflict in the Middle East could disrupt supplies of key chipmaking elements such as helium and bromine, analysts told CNBC. Higher energy costs could also dampen demand for AI data cente...
New Export Rules Could Be Coming for AI Chipmakers' Sales
America's chip export rules could get tougher. That hit some big tech stocks today.
US reportedly considering sweeping new chip export controls
How, and if, the Trump administration plans to regulate the export of semiconductors has remained unclear since Donald Trump took office last year. Now, we have an idea of what the administration is t...
US Proposes Rule Requiring Licenses for AI Chip Exports
The US government drafted a rule requiring export licenses for AI chip shipments, including those from major companies like Nvidia and AMD, to all countries worldwide. Ed Ludlow has more on "Bloomberg...
The Pivot in Portfolios: What to Watch as VanEck Takes Stage at Exchange
As we navigate the first quarter of 2026, advisor interest is increasingly shifting toward traditional hedges and quality-oriented products. VanEck, a pioneer in thematic and hard-asset investing, has...
As Tech Stocks Churn, Nvidia and Other Semiconductor Plays Look Cheap
Fears of an AI bubble are sparking tech selloffs. That's changing the calculus for once-pricy semiconductor stocks, Morningstar analysts say.
Final Trade: SII, C, SMH, NVO
The final trades of the day with CNBC's Melissa Lee and the 'Fast Money' traders.
White House says 25% semiconductor tariffs a 'phase one' action
The U.S. Commerce Department's 25% national security tariff on certain high-end semiconductors announced on Wednesday is a "phase one" action to protect the sector and could be followed by other annou...
Doors are open for stacks of investment to flow into U.S. chip industry: Piper Sandler's Harsh Kumar
Harsh Kumar, Piper Sandler, joins 'Closing Bell Overtime' to discuss the latest news regarding semiconductors, where the latest investments will go and much more.
US, Taiwan Clinch Deal to Cut Tariffs, Boost Chip Investment
The US and Taiwan agreed to a long-sought trade pact that would lower tariffs on goods from the self-governed island to 15% and see Taiwanese semiconductor companies increase financing for American op...
US, Taiwan Reach Deal to Cut Tariffs, Boost Chip Investment
The US and Taiwan agreed to a trade agreement that would lower tariffs on goods from Taiwan to 15%. Taiwanese semiconductor companies will also invest more in US operations.
Semiconductor industry could grow to $1T in revenue this year, says Wells Fargo's Aaron Rakers
Aaron Rakers, Wells Fargo senior equity analyst, joins 'The Exchange' to discuss Rakers' thoughts on semiconductor stocks, what's carrying the sector and much more.
Chip companies face new tariffs from the U.S.
President Trump said Wednesday that he's imposing new tariffs on semiconductor chips. CNBC's Eamon Javers explains.
Chip companies face new tariffs
CNBC Eamon Javers joins 'Money Movers' with the latest on new tariffs.
Nvidia–Eli Lilly Tie-Up Shows Why AI Drug Discovery Is The Next ETF Battleground
NVIDIA Corp.'s (NASDAQ: NVDA) and Eli Lilly and Co.'s (NYSE: LLY) newly announced $1 billion AI co-innovation lab underscores how artificial intelligence is spreading beyond data centers into medicine...
I would be a little bit more careful on semis right here: Renaissance Macro's deGraaf
CNBC's "Closing Bell" team discusses whether the market technicals indicate that stocks can go higher and more with Jeff deGraaf, chairman and head of technical research at Renaissance Macro Research.
Chip stocks rally to start 2026 after third-straight winning year
Chipmaking stocks rallied to kick off 2026, led by ASML, Intel and Micron Technology. The sector had a strong 2025 with the ongoing AI buildout as hyperscalers spent big to meet massive datacenter dem...
Chips trade still has legs in 2026, says Bernstein's Rasgon
CNBC's "Squawk on the Street" team discusses semiconductors, the Magnificent 7 companies, the AI trade and more with Stacy Rasgon of Bernstein Research.
Final Trades: Melrose, Exxon, Semis and the INDA
The Investment Committee give you their top stocks to watch for the second half.
Inflation Cools, Micron Shines: Tech ETFs Catch Tailwind
U.S. tech ETFs rallied Thursday after a cooler-than-expected inflation figure dampened Treasury yields, while semiconductor shares were already moving upward in response to strong earnings reported by...
Very good news for semiconductor ETFs like SOXL, SOXX, and SMH
Top semiconductor ETFs like the Direxion Daily Semiconductor Bull 3x Shares (SOXL), VanEck Semiconductor (SMH), and iShares Semiconductor (SOXX) rebounded in the extended hours after the strong Nvidia...
These underperforming groups may deliver AI-electric appeal. Here's why.
Industrial and infrastructure stocks may soon share the spotlight with the artificial intelligence trade.
Soloway: Government Reopening "Bull Trap," SMH & Bitcoin "Topping" Signals
While Monday's rally came partially off investor hopes of the government reopening, @verifiedinvesting's Gareth Soloway believes the catalyst will be a bull trap. He argues the economy "has only gotte...
Concerns Mount Over AI Chip Valuations
JoAnne Feeney, partner and portfolio manager at Advisors Capital Management, discusses the volatility in chip stocks as investors question AI valuations. She joins Ed Ludlow on “Bloomberg Tech.
Schwab IMPACT 2025: Record $13T in ETFs & What's Next for ETF Assets
Matt Camuso, Head of ETF Solutions at BNY Investments, says there are $13 trillion of assets in ETFs. That's compared to $5 trillion a year prior.
SOXX and SMH ETFs crashed amid AI bubble jitters: will they rebound?
The iShares Semiconductor ETF (SOXX) and the VanEck Semiconductor ETF (SMH) suffered a harsh reversal this week as top companies in the index shed over $500 billion in value following key earnings. S...
Top 6 ETFs To Watch As Wall Street's Strongest Six Months Begin
Right now ahead of Halloween, the real suspense might be in ETF investing strategies. With markets seesawing between hopes for rate cuts and the resilience of earnings, investors are dusting off one o...
Chip Stocks Just Flashed The Same Signal That Flagged A 30% Crash Last Year
The semiconductor rally has gone from hot to overheated. Chip-stocks-tracking VanEck Semiconductor ETF (NASDAQ:SMH) is now stretched far above its 200-day moving average — the widest gap since July 20...
The Case for Forgotten Chipmakers. 3 Stocks With Bullish Charts.
As semiconductors continue to lead markets, three that haven't kept pace are poised to catch bids heading into year end.
Very good news for semiconductor ETFs like SOXX and SMH
Top semiconductor ETFs have rallied in the past few years as the tailwinds in the AI industry continued. The VanEck Semiconductor ETF (SMH) jumped to a high of $348 this month, up by 100% from its low...
5 chip stocks riding the OpenAI, Broadcom deal wave on Monday
Semiconductor shares rebounded sharply on Monday, recovering from Friday's steep selloff, after OpenAI and Broadcom announced a new artificial intelligence chip partnership and tensions between the US...
Chip stocks bounce on Broadcom, OpenAI deal and easing China tensions
Chip stocks bounced as OpenAI announced another computing deal with a major chipmaker and U.S.-China tensions eased. President Donald Trump said to not worry about China in a post to Truth Social over...
Wall Street bets on chip boom are getting more concentrated, and it could be good thing for investors
Exchange-traded funds focused on semiconductor stocks have grown in both assets and performance in recent years as the AI and chip boom dominate the latest bull market story. Wall Street fund managers...
Trump Suggests 300% Tariff on Chips
Marta Norton, Empower Chief Investment Strategist, says there has been a benign neglect of tariffs by the market, which has emboldened President Donald Trump to push rates even higher. Norton joins Ca...
Trump hints at higher semiconductor tariffs. Companies could dodge them by doing this.
Trump suggested steep chip-industry tariffs are coming, but there could be breaks for companies that invest in the U.S. Specifics are still sparse.
The Best Tech ETFs to Buy
Tech ETFs can deliver superb tax efficiency and growth potential, but investors must be aware of high volatility, concentration risk and stretched valuations.
Inside the Joe Terranova ETF rebalance
Joe Terranova, senior managing director at Virtus Investment Partners, joins CNBC's "Halftime Report" to detail his latest rebalance in his JOET ETF.
Is the Semiconductor Index Topping Out?
The SOX has reached the target zone predicted a month ago, from where a pullback could happen with a higher chance, while negative divergences are emerging.
The 'Halftime' Investment Committee give their top chip plays
The Investment Committee discuss their top picks in the semiconductor sector.
The Big 3: SMH, XLK, XLI
The @brownreport's Jason Brown turns to ETFs on today's Big 3. He points to the Technology Select Sector SPDR ETF (XLK) as a way investors can capitalize on tech's broad bull run.
U.S. chip supply faces tariff risk
CNBC's Deirdre Bosa joins 'The Exchange' to discuss ASML tariff fears impact on its cloud outlook.
'Fast Money' traders talk trading the tech divergence
The 'Fast Money' traders talk trading the tech divergence.