SMH - ETF AI Analysis
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VanEck Semiconductor ETF (SMH)
Rating:76Outperform
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains over the past month, three months, and year to date, indicating solid recent momentum.
Leading Semiconductor Holdings
Many of the top holdings, including major chip designers and equipment makers, have delivered strong year-to-date performance, helping drive the fund’s returns.
Large Asset Base
The ETF manages a very large pool of assets, which can support better liquidity and more efficient trading for investors.
Negative Factors
High Industry Concentration
Almost all of the fund is invested in the technology sector, specifically semiconductors, which increases sensitivity to downturns in this single industry.
Top Holdings Are Very Dominant
A small number of companies, led by a single large position, make up a big share of the portfolio, raising the impact if any of these stocks struggle.
Limited Geographic Diversification
The ETF is almost entirely exposed to U.S.-listed companies, offering little diversification across different countries and regions.
SMH vs. SPDR S&P 500 ETF (SPY)
AUM72.04B
RegionGlobal
Expense Ratio0.35%
Beta1.87
IssuerVanEck
Inception DateMay 05, 2000
Dividend Yield0.19%
Asset ClassEquity
Index TrackedMVIS US Listed Semiconductor 25
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume13,193,387
30 Day Avg. Volume10,478,224
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
725.83Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering25
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SMH Summary
The VanEck Semiconductor ETF (SMH) tracks the MVIS US Listed Semiconductor 25 Index and focuses on companies that design and make computer chips, a key part of phones, computers, cars, and many other devices. Its holdings include well-known names like Nvidia and Intel, along with other major chip makers. Someone might invest in SMH to tap into the long-term growth of technology and spread their money across many leading semiconductor companies instead of picking just one stock. A key risk is that it is heavily concentrated in the chip industry, so its price can swing sharply with the tech sector.
How much will it cost me?The VanEck Semiconductor ETF (SMH) has an expense ratio of 0.35%, meaning you’ll pay $3.50 per year for every $1,000 invested. This is slightly higher than the average for ETFs because it is a sector-focused fund that requires more active management to track the semiconductor industry. However, it may be worth it for investors seeking targeted exposure to this fast-growing sector.
What would affect this ETF?The VanEck Semiconductor ETF (SMH) could benefit from increasing demand for semiconductors driven by advancements in AI, cloud computing, and electric vehicles, as well as global digital transformation trends. However, it may face challenges from geopolitical tensions affecting key players like TSMC, regulatory changes, or economic slowdowns that reduce consumer and corporate spending on technology. Interest rate hikes could also impact growth-oriented companies within the ETF's portfolio.
SMH Top 10 Holdings
SMH is essentially a pure play on the global chip boom, with a heavy tilt toward a few giants. Nvidia is still the star of the show, but its recent wobble has taken a bit of shine off the fund. In contrast, TSMC, AMD, and Micron have been rising smartly, giving the ETF a strong tailwind from both U.S. and Asian chip leaders. Equipment makers like Applied Materials and ASML are also climbing steadily, so the fund’s fortunes are tightly hitched to the semiconductor cycle rather than broader tech or other sectors.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 18.41% | $13.49B | $5.10T | 44.72% | 76 Outperform | |
| TSMC | 9.18% | $6.73B | $1.97T | 122.36% | 81 Outperform | |
| Advanced Micro Devices | 5.57% | $4.08B | $876.24B | 325.71% | 73 Outperform | |
| Applied Materials | 5.49% | $4.02B | $489.96B | 272.28% | 77 Outperform | |
| Broadcom | 5.49% | $4.02B | $1.96T | 54.52% | 76 Outperform | |
| Micron | 5.39% | $3.95B | $1.28T | 892.28% | 79 Outperform | |
| KLA | 5.10% | $3.74B | $339.06B | 214.34% | 77 Outperform | |
| Lam Research | 4.98% | $3.65B | $486.52B | 347.05% | 77 Outperform | |
| ASML Holding | 4.96% | $3.64B | $726.46B | 147.43% | 81 Outperform | |
| Intel | 4.92% | $3.61B | $673.43B | 565.12% | 64 Neutral |
SMH Technical Analysis
Neutral
―
Price Trends
579.50
Positive
493.94
Positive
425.74
Positive
Market Momentum
12.77
Positive
47.02
Neutral
40.63
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SMH, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 619.63, equal to the 50-day MA of 579.50, and equal to the 200-day MA of 425.74, indicating a neutral trend. The MACD of 12.77 indicates Positive momentum. The RSI at 47.02 is Neutral, neither overbought nor oversold. The STOCH value of 40.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SMH.
SMH Peer Comparison
Comparison Results
Performance Comparison
SMH
VanEck Semiconductor ETF
592.29
313.40
112.37%
CIBR
First Trust NASDAQ Cybersecurity ETF
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GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
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IGF
iShares Global Infrastructure ETF
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EUV
Corgi Lithography & Semiconductor Photonics ETF
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CHPS
Xtrackers Semiconductor Select Equity ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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