SMH - ETF AI Analysis
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VanEck Semiconductor ETF (SMH)
Rating:76Outperform
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong gains so far this year, indicating solid recent momentum for investors.
Leading Semiconductor Holdings
Many of the top positions, including major chip designers and equipment makers, have shown strong performance, helping drive the fund’s returns.
Large Asset Base
The fund manages a very large pool of assets, which can support liquidity and trading efficiency for investors.
Negative Factors
High Stock Concentration
A small number of companies make up a large share of the portfolio, increasing the impact if any of these holdings stumble.
Single-Sector Focus
The ETF is heavily concentrated in the technology and semiconductor space, making it more sensitive to downturns in this specific industry.
Limited Geographic Diversification
With almost all exposure tied to U.S.-listed companies, investors get little diversification across different global markets.
SMH vs. SPDR S&P 500 ETF (SPY)
AUM67.09B
RegionGlobal
Expense Ratio0.35%
Beta1.87
IssuerVanEck
Inception DateMay 05, 2000
Dividend Yield0.21%
Asset ClassEquity
Index TrackedMVIS US Listed Semiconductor 25
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume13,800,304
30 Day Avg. Volume11,725,805
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
784.92Price 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) is a fund that tracks the MVIS US Listed Semiconductor 25 Index, focusing on companies that design and make computer chips used in phones, computers, cars, and data centers. It holds big names like Nvidia and TSMC, giving you a simple way to invest in the growth of the chip industry without picking individual stocks. Someone might invest in SMH for long-term growth and to get targeted exposure to the technology behind AI and modern electronics. A key risk is that it’s heavily tied to semiconductor and tech stocks, so its price can rise and fall sharply with that 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 Nvidia in the driver’s seat as its largest holding and still rising over the past month, even if its momentum has cooled a bit lately. TSMC and Broadcom have been more mixed, occasionally tapping the brakes on performance. On the upside, AMD and Micron have been surging, giving the fund a strong tailwind, while equipment makers like ASML and Applied Materials add steady, if recently choppier, support. Overall, it’s a highly concentrated bet on semiconductor heavyweights across the U.S., Europe, and Asia.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 21.20% | $14.20B | $5.01T | 11.18% | 76 Outperform | |
| TSMC | 9.19% | $6.16B | $1.88T | 64.40% | 81 Outperform | |
| Broadcom | 6.23% | $4.18B | $1.82T | 30.21% | 76 Outperform | |
| Advanced Micro Devices | 5.93% | $3.97B | $851.09B | 185.01% | 73 Outperform | |
| Micron | 5.30% | $3.55B | $1.04T | 709.17% | 79 Outperform | |
| ASML Holding | 5.20% | $3.49B | $679.04B | 126.75% | 81 Outperform | |
| Applied Materials | 4.99% | $3.34B | $425.76B | 171.66% | 77 Outperform | |
| Texas Instruments | 4.58% | $3.07B | $254.44B | 47.64% | 78 Outperform | |
| KLA | 4.56% | $3.05B | $275.00B | 120.29% | 77 Outperform | |
| Lam Research | 4.38% | $2.94B | $381.69B | 195.69% | 77 Outperform |
SMH Technical Analysis
Negative
―
Price Trends
597.43
Negative
522.85
Positive
447.38
Positive
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SMH, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 585.88, equal to the 50-day MA of 597.43, and equal to the 200-day MA of 447.38, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SMH.
SMH Peer Comparison
Comparison Results
Performance Comparison
SMH
VanEck Semiconductor ETF
529.60
234.26
79.32%
CIBR
First Trust NASDAQ Cybersecurity ETF
―
―
―
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
―
―
―
IGF
iShares Global Infrastructure ETF
―
―
―
CHPS
Xtrackers Semiconductor Select Equity ETF
―
―
―
HBMX
Tuttle Capital Concentrated Memory Stack ETF
―
―
―
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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