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)
AUM57.95B
RegionGlobal
Expense Ratio0.35%
Beta1.84
IssuerVanEck
Inception DateMay 05, 2000
Dividend Yield0.22%
Asset ClassEquity
Index TrackedMVIS US Listed Semiconductor 25
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume8,181,152
30 Day Avg. Volume9,215,066
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
556.67Price 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 sits in the driver’s seat, rising on the back of AI demand and doing much of the heavy lifting for returns. TSMC and Broadcom are also climbing steadily, reinforcing the fund’s AI and data-center theme across the U.S., Taiwan, and Europe. Equipment makers like Lam Research and ASML are rising as well, adding depth rather than drag. With so much riding on a handful of star performers, this ETF is highly concentrated and far from a sleepy tech basket.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 17.75% | $10.33B | $5.06T | 99.22% | 76 Outperform | |
| TSMC | 10.66% | $6.21B | $1.80T | 147.84% | 81 Outperform | |
| Broadcom | 8.05% | $4.69B | $2.00T | 117.28% | 76 Outperform | |
| Intel | 6.14% | $3.57B | $414.43B | 314.38% | 64 Neutral | |
| Advanced Micro Devices | 6.06% | $3.52B | $567.05B | 247.16% | 73 Outperform | |
| Texas Instruments | 4.98% | $2.89B | $252.33B | 65.91% | 78 Outperform | |
| KLA | 4.71% | $2.74B | $253.63B | 173.88% | 77 Outperform | |
| Micron | 4.70% | $2.74B | $560.17B | 567.72% | 79 Outperform | |
| Analog Devices | 4.46% | $2.60B | $195.07B | 102.66% | 78 Outperform | |
| Lam Research | 4.36% | $2.54B | $334.88B | 262.54% | 77 Outperform |
SMH Technical Analysis
Positive
―
Price Trends
422.55
Positive
403.80
Positive
362.15
Positive
Market Momentum
26.81
Negative
76.98
Negative
89.54
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SMH, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 463.03, equal to the 50-day MA of 422.55, and equal to the 200-day MA of 362.15, indicating a bullish trend. The MACD of 26.81 indicates Negative momentum. The RSI at 76.98 is Negative, neither overbought nor oversold. The STOCH value of 89.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SMH.
SMH Peer Comparison
Comparison Results
Performance Comparison
SMH
VanEck Semiconductor ETF
506.72
288.37
132.07%
IGF
iShares Global Infrastructure ETF
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CIBR
First Trust NASDAQ Cybersecurity ETF
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IXN
iShares Global Tech ETF
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QTUM
Defiance Quantum 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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