VanEck Semiconductor ETF (SMH)
| Assets | $65.06B |
| Expense Ratio | 0.35% |
| PE Ratio | 49.72 |
| Shares Out | 120.39M |
| Dividend (ttm) | $1.10 |
| Dividend Yield | 0.20% |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 9.74% |
| Volume | 22,083,883 |
| Open | 547.94 |
| Previous Close | 568.92 |
| Day's Range | 536.81 - 567.41 |
| 52-Week Low | 279.19 |
| 52-Week High | 671.83 |
| Beta | 1.71 |
| 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
70.92% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 20.97% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 9.16% |
| Broadcom Inc. | AVGO | 6.11% |
| Advanced Micro Devices, Inc. | AMD | 5.68% |
| ASML Holding N.V. | ASML | 5.22% |
| Applied Materials, Inc. | AMAT | 4.97% |
| Micron Technology, Inc. | MU | 4.93% |
| Texas Instruments Incorporated | TXN | 4.70% |
| KLA Corporation | KLAC | 4.64% |
| Lam Research Corporation | LRCX | 4.54% |
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 92.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 28.77%.
News
Kospi Index slides as Samsung, SK Hynix sink; Barclays stays bullish on semis
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Chip stocks enter bear-market territory. A BofA analyst says not to panic.
The semiconductor sector is undergoing a reset and has a tendency to underperform in the third quarter.
Semiconductor stocks are on the verge of a bear market. Is the thrill in the chips trade gone?
Investors seem to be second-guessing the stunning rally in chip stocks as another earnings season picks up steam.
Semiconductor Index Rally Eyes New Highs as Elliott Wave Correction May Be Complete
SOX may have completed its Elliott Wave correction, with bulls targeting new highs if key support holds, while breakout confirmation remains essential.
Dow falls 400 points, oil surges after Trump says Iran ceasefire is ‘over' – which could halt gas decline
Fresh tensions over the Strait of Hormuz, a vital maritime route for 20% of the world's oil, could keep gasoline from falling below the $3 mark.
DRAM ETF falls 6.5% after Samsung earnings as expert warns on memory stocks
The Roundhill Memory ETF (DRAM) dropped by over 6% in the premarket, reaching a low of $60.65, as memory shares tumbled following the latest Samsung earnings. DRAM has now dropped by over 25% from its...
Buy the Chip Dip but Beware These 'AI Cannibalization' Trades, JPMorgan Says
The chip sector has had a rough start to the second half of the year but it's time to buy the dip, according to JPMorgan analysts.
AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says
Morgan Stanley said the recent weakness in U.S. semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI "hyperscalers" as well as consumer discret...
Mike Wilson Sees Semiconductor Stocks Correcting
Morgan Stanley Chief US Equity Strategist Mike Wilson says investors are rotating out of some of the year's biggest winning technology trades. He says hyperscalers will stabilize and semiconductors st...
Hedge funds dumped chip stocks for a fourth week as AI shares sold off
U.S. hedge funds sold tech hardware stocks for a fourth week in a row, according to a client note from Goldman Sachs on Friday, in line with a recent decline in global chip shares and just before ma...
Semiconductor Stocks Slide Amid AI Spending Concerns
Bloomberg Technology & Strategic Industries Senior Editor Mike Shepard says semiconductor stocks have come under pressure as investors question whether the rapid pace of AI infrastructure spending can...
Why it's too early to call a top on semiconductor stocks, according to these highly regarded analysts
Nomura analysts offer a deep dive of the semiconductor industry and some bottlenecks that the market hasn't even woken up to.
Chipmakers are thriving because they're 'paid UPFRONT': DA Davidson's Gil Luria
D.A. Davidson technology research head Gil Luria explains why Micron's booming semiconductor business reflects a short-term, zero-sum A.I. trade for megacap tech on ‘Making Money.
We are in a race for chips and memory, says ODDO BHF's Stéphane Houri
Memory prices are likely to remain elevated for the next two to three years, driven by continued AI investment and capital spending from hyperscalers, according to Stéphane Houri, Head of Equity Resea...
SK Hynix to raise $29.4B in US listing: How it may impact the AI memory chip trade
South Korean memory chip giant SK Hynix said on Wednesday that it plans to raise up to $29.4 billion through a US stock market listing, potentially marking the largest American Depositary Receipt offe...
Here's what happened after 17 other semiconductor stock one-day plunges over the last 15 years
Microchip stocks tumbled on Tuesday, but a look at similar one-day downturns in the semiconductor sector shows the declines are often fleeting.
US Chip Stocks Plunge as AI Selloff Ripples Across From Asia
A global selloff in the shares of chipmakers dragged US indexes sharply lower amid doubts about the sustainability of the AI-fueled tech rally. Katherine Kostereva, CEO, Creatio joined Bloomberg Busin...
Chip stocks are setting records, but this hidden chart pattern says momentum favors the bears
The SOXX's RSI indicator has fallen further below the overbought threshold despite prices making record highs. History suggests that's a bad sign.
A.I. Boom Ignites Asian Chip Companies
They make much of the gear that goes into giant data centers. Demand for their products is shifting the balance of tech power.
South Korea Has a Chip Conundrum—Huge Profits and a Serious Selloff
Korea has been a hot market but shares are falling back to earth, especially those of memory chip makers Samsung and SK Hynix.
VettaFi Sentiment Check: How Advisors View Markets Right Now
Building resilient portfolios in markets delivering mixed messages can be a challenging affair. In our ongoing engagement with the retail and advisor community at VettaFi, we hear first-hand just how ...
US lawmakers urge tighter rules on contract chipmakers supplying Chinese firms' overseas units
A bipartisan pair of U.S. senators on Monday urged President Donald Trump's administration to tighten rules on chip contract manufacturers such as Taiwan Semiconductor Manufacturing Co to prevent the...
Chip rebound sparks hedging flurry from traders
Despite the overall bearish sentiment on the cohort, traders put a few bullish bets on potential semiconductor winners.
Chip rebound has one trader buying protection
Chip stocks are bounding back Monday, but the rebound doesn't mean tech investors are in the clear, according to Mike Khouw.
AI ETFs: The Next Wave Emerges
The first phase of the artificial intelligence investment trade was relatively straightforward: if you wanted to capture the AI boom using familiar names, you bought semiconductors. The VanEck Semicon...
If the semiconductor rally loses steam, it's retail investors who could get hurt the most
May was the strongest month of the year for buying by retail investors, as individuals piled into semiconductor stocks.
Look to State Street, Invesco, VanEck for Top-Performing ETFs in 2026
The top-performing non-leveraged ETFs of 2026 span a distinct blend of digital assets, next-generation semiconductor technology, and localized international equity plays. For advisors assessing portfo...
Dan Niles: Semiconductor bulls should be ecstatic with sector's price action
Dan Niles, Niles Investment Management, joins 'Power Lunch' to discuss Niles' investing take on the semiconductor sector, the market sentiment on the sector and much more.
Automakers, retailers warn memory chip shortage impacting prices
The drastic shift of memory chips to artificial intelligence data centers could lead to dramatic price hikes in consumer goods and disrupt supply chains, groups representing automakers, retailer...
EU targets Big Tech dependence with 'made-in-Europe' drive
The European Commission proposed new laws on Wednesday to boost domestic cloud, AI and semiconductor industries, aiming to cut reliance on U.S. Big Tech in a move that could ratchet up transatlantic ...
Software stocks just passed a big milestone
Software stocks are making a comeback from their artificial intelligence-driven sell-off earlier this year.
Sen. Warren calls for Trump to close "loophole" allowing AI chips to be sent to overseas units of Chinese firms
Democratic Senator Elizabeth Warren is calling on the Trump administration to close a "loophole" that has potentially allowed advanced American AI chips to be sent to overseas units of Chinese ...
It's been one of the best years to generate alpha in China: Matthews Asia
Matthews Asia's Sean Taylor explains why he remains constructive on China despite the broader indexes lagging some high-performing sectors. He also outlines his South Korea strategy, including an over...
"Price is not an issue" for hyperscalers investing in Taiwan, S Korea's chipmakers: T.Rowe Price
Thomas Poullaouec, Head of Global Investment Solutions, International at T.Rowe Price, says he does not foresee a slowdown in the demand for memory chips despite rising prices.
Huawei bets on speed over shrinking transistors to sidestep US chip sanctions
Huawei's new chip design principle focused on boosting transmission speed rather than continuing to shrink semiconductors offers a path for China to build cutting-edge chips despite U.S. sanctions, t...
This is the greatest time ever for semiconductors, says CEO of key equipment supplier
Applied Materials CEO Gary Dickerson said the semiconductor industry is experiencing its strongest period ever. He said artificial intelligence is driving unprecedented computing demand and long-term ...
The Magnificent Semis?
Shares of chipmakers are rallying this year While the AI spending boom is fueling big gains for lots of tech companies, it's the semiconductor makers that are truly in the chips these days.
Why it's time to start discussing semiconductors like commodities: There may be a supercycle
Ned Davis Research says the bubble argument for chips has some grounding, but that sector may also be looking at the start of a new supercycle.
$5.7 Trillion and Counting. How Much Further Can the Chip Rally Run?
Surging demand for chip makers has lifted major indexes from their wartime malaise.
Nikkei hits record high as AI chip frenzy powers Japan stocks
Japan's Nikkei 225 climbed to a record high on Wednesday, as a rally in semiconductor shares outweighed weakness in banks and real estate stocks. The benchmark index rose 1.25% to 65,811.78 as of 0147...
Semiconductor Index Outlook: Near-Term Upside Limited, Broader Rally Intact
The index remains in a broader uptrend, but near-term upside looks limited as it approaches a 5th-wave peak, with a likely deeper retracement ahead before resuming higher over the long term.
U.S. Semiconductor Stocks Rise Premarket After Asia Rally
U.S. chip and memory stocks rallied premarket following gains for artificial intelligence-related names in Hong Kong and South Korea.