VanEck Semiconductor ETF (SMH)
| Assets | $77.84B |
| Expense Ratio | 0.35% |
| PE Ratio | 36.95 |
| Shares Out | 123.09M |
| Dividend (ttm) | $1.10 |
| Dividend Yield | 0.18% |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 6.53% |
| Volume | 4,291,417 |
| Open | 615.14 |
| Previous Close | 607.27 |
| Day's Range | 601.38 - 615.55 |
| 52-Week Low | 315.05 |
| 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
67.67% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 19.60% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 9.31% |
| Advanced Micro Devices, Inc. | AMD | 5.72% |
| Broadcom Inc. | AVGO | 5.42% |
| Micron Technology, Inc. | MU | 4.88% |
| Marvell Technology, Inc. | MRVL | 4.69% |
| Applied Materials, Inc. | AMAT | 4.60% |
| Texas Instruments Incorporated | TXN | 4.58% |
| KLA Corporation | KLAC | 4.46% |
| Intel Corporation | INTC | 4.41% |
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 74.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 28.97%.
News
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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.
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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.
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.
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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.
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South Korea to establish fund for semiconductor materials, parts and equipment, official says
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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
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Global Semiconductor Selloff Deepens on China Competition
A selloff in semiconductor stocks deepened Tuesday as concern grows over the sustainability of the artificial intelligence spending boom. A report that a Chinese state-backed company has begun mass pr...