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SMHX - ETF AI Analysis
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VanEck Fabless Semiconductor ETF (SMHX)
Rating:72Outperform
Price Target:―
Positive Factors
Focused Exposure to Fabless Chip Leaders
The ETF holds many well-known semiconductor design companies, giving investors targeted access to a key growth area in technology.
Several Strongly Performing Holdings
Some mid-sized positions like Synopsys, AMD, Astera Labs, Monolithic Power, and Rambus have shown strong year-to-date performance, helping support the fund’s overall returns.
Moderate Expense Ratio
The fund’s expense ratio is reasonable for a specialized, niche ETF, allowing investors to access a focused semiconductor strategy without very high ongoing costs.
Negative Factors
High Concentration in a Few Stocks
A large portion of the portfolio is tied up in a small number of names like Nvidia and Broadcom, which increases the impact of any weakness in these companies.
Single-Sector Risk
With all its exposure in the technology sector, the ETF is highly sensitive to downturns in the semiconductor industry.
Limited Geographic Diversification
The fund is effectively fully invested in U.S.-listed companies, offering little protection if the U.S. market or U.S. chipmakers face specific headwinds.
SMHX vs. SPDR S&P 500 ETF (SPY)
AUM159.70M
RegionNorth America
Expense Ratio0.35%
Beta1.98
IssuerVanEck
Inception DateAug 27, 2024
Dividend Yield0.02%
Asset ClassEquity
Index TrackedMarketVector US Listed Fabless Semiconductor Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume50,246
30 Day Avg. Volume106,439
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
49.97Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering22
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SMHX Summary
The VanEck Fabless Semiconductor ETF (SMHX) tracks the MarketVector US Listed Fabless Semiconductor Index, focusing on chip designers that create semiconductor technology but outsource manufacturing. It holds well-known companies like Nvidia and Broadcom, which supply key chips used in smartphones, data centers, AI, and 5G. Someone might invest in SMHX to seek growth from rising demand for advanced chips while spreading risk across many leading chip designers. However, this ETF is heavily focused on the semiconductor and tech sector, so its price can be very volatile and can drop sharply if chip stocks fall.
How much will it cost me?The VanEck Fabless Semiconductor ETF (SMHX) has an expense ratio of 0.35%, which means you’ll pay $3.50 per year for every $1,000 invested. This is slightly higher than average because it is a sector-focused ETF, which often requires more specialized management compared to broad-market index funds. However, it provides targeted exposure to the innovative fabless semiconductor industry.
What would affect this ETF?The VanEck Fabless Semiconductor ETF (SMHX) could benefit from growing demand for advanced technologies like AI, 5G, and IoT, which rely heavily on innovative semiconductor designs. However, it may face challenges from rising interest rates, which can impact growth-focused companies, and potential geopolitical tensions or regulatory changes affecting the U.S. technology sector. With top holdings like Nvidia and Broadcom, the ETF is well-positioned to capitalize on industry innovation but remains sensitive to broader economic and trade conditions.
SMHX Top 10 Holdings
SMHX is a pure play on U.S.-listed fabless chip designers, with Nvidia and Broadcom sitting in the driver’s seat but lately riding the brakes rather than the gas, as both have been lagging. The real spark has come from mid-sized names like Rambus and Monolithic Power, which have been quietly surging and helping offset the drag from weaker giants. AMD and Astera Labs add more AI-flavored upside, keeping the fund firmly tethered to the semiconductor and AI design boom, but also highly concentrated in a single, often volatile tech niche.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 21.23% | $34.11M | $4.57T | 41.20% | 76 Outperform | |
| Broadcom | 12.42% | $19.95M | $1.58T | 52.13% | 76 Outperform | |
| Monolithic Power | 5.68% | $9.13M | $56.93B | 82.14% | 75 Outperform | |
| Synopsys | 4.75% | $7.63M | $84.62B | -7.35% | 73 Outperform | |
| Advanced Micro Devices | 4.64% | $7.46M | $326.28B | 80.58% | 73 Outperform | |
| Rambus | 4.44% | $7.14M | $11.23B | 63.62% | 78 Outperform | |
| ARM Holdings PLC ADR | 4.10% | $6.59M | $135.13B | -13.30% | 69 Neutral | |
| Cadence Design | 4.05% | $6.51M | $83.02B | 14.69% | 78 Outperform | |
| Qualcomm | 4.03% | $6.47M | $152.84B | -13.63% | 80 Outperform | |
| Marvell | 3.97% | $6.39M | $67.01B | -23.44% | 76 Outperform |
SMHX Technical Analysis
Positive
―
Price Trends
39.09
Positive
39.03
Positive
35.68
Positive
Market Momentum
0.13
Positive
52.12
Neutral
54.09
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SMHX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 39.42, equal to the 50-day MA of 39.09, and equal to the 200-day MA of 35.68, indicating a bullish trend. The MACD of 0.13 indicates Positive momentum. The RSI at 52.12 is Neutral, neither overbought nor oversold. The STOCH value of 54.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SMHX.
SMHX Peer Comparison
Comparison Results
Performance Comparison
SMHX
VanEck Fabless Semiconductor ETF
39.64
11.89
42.85%
IETC
iShares Evolved US Technology ETF
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QQH
HCM Defender 100 Index ETF
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―
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GTOP
Goldman Sachs Technology Opportunities ETF
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―
CHPY
YieldMax Semiconductor Portfolio Option Income ETF
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―
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SHOC
Strive U.S. Semiconductor ETF Strive U.S. Semiconductor 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.
Disclaimer
This 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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