VanEck Semiconductor ETF (SMH)
| Assets | $66.09B |
| Expense Ratio | 0.35% |
| PE Ratio | 29.99 |
| Forward PE | 17.36 |
| Shares Out | 124.64M |
| Dividend | $1.10 (0.20%) |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 6.08% |
| Volume | 10,284,529 |
| Open | 531.35 |
| Previous Close | 527.20 |
| Day's Range | 530.20 - 545.34 |
| 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
69.00% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 20.64% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 9.78% |
| Broadcom Inc. | AVGO | 5.49% |
| Advanced Micro Devices, Inc. | AMD | 5.43% |
| Texas Instruments Incorporated | TXN | 5.35% |
| Micron Technology, Inc. | MU | 4.67% |
| Analog Devices, Inc. | ADI | 4.61% |
| ASML Holding N.V. | ASML | 4.47% |
| Marvell Technology, Inc. | MRVL | 4.46% |
| QUALCOMM Incorporated | QCOM | 4.10% |
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 | $0.7511 | Dec 28, 2020 |
Performance
SMH had a total return of 54.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 27.92%.
News
Support for semiconductor stocks could be as much as 15% lower than current levels, says Morgan Stanley
The chief stock-market strategist for Morgan Stanley is sticking with a forecast that the S&P 500 will end the year at 8,000, but growing caution is on display as he identified that support for the ke...
Options Corner: SMH Slumps Near 3-Month Lows as Bears Claw into AI Trade
The VanEck Semiconductor ETF (SMH) is near 3-month lows as sentiment around the AI trade continues to plunge. As Tom White points out, the ETF has still vastly outperformed the S&P 500 (SPX) year-over...
These 3 ETFs Have 15%+ Upside Potential, Says the AI Analyst
TipRanks’ ETF AI Analyst sees more than 15% upside in VanEck Semiconductor ETF ($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 $2 trillion in market value on Thursday in the steep selloff since last week, driven by rising bets of an interest-rate hike and concerns over the cos...
3 ETFs With At Least 14% Upside Potential, According to the AI Analyst
TipRanks’ ETF AI Analyst sees at least 14% upside potential in VanEck Semiconductor ETF ($SMH), REX Crypto Equity Premium Income ETF ($CEPI), and FT Vest Dow Jones Internet & Target Income ETF…
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...
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.
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.