SMHX - ETF AI Analysis
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VanEck Fabless Semiconductor ETF (SMHX)
Rating:73Outperform
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains over the year to date and in recent months, indicating solid momentum in its underlying holdings.
Leading Semiconductor Holdings
Many of the top positions, including several well-known chip designers, have delivered strong year-to-date performance, helping drive the fund’s returns.
Focused Exposure to a High-Growth Niche
By concentrating on fabless semiconductor companies, the ETF targets a specialized area of technology that has been experiencing strong growth.
Negative Factors
High Stock Concentration
A large portion of the fund is invested in just a few companies, which increases the impact that any one stock’s weakness can have on the ETF.
Very Limited Sector Diversification
Almost all assets are in the technology sector, so the fund is highly sensitive to downturns in semiconductor and tech-related markets.
Heavy U.S. Market Exposure
With nearly all holdings in U.S.-listed companies, the ETF offers little geographic diversification and is closely tied to the U.S. market’s performance.
SMHX vs. SPDR S&P 500 ETF (SPY)
AUM273.04M
RegionNorth America
Expense Ratio0.35%
Beta1.99
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. Volume168,489
30 Day Avg. Volume116,073
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
65.85Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering22
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SMHX Summary
SMHX is the VanEck Fabless Semiconductor ETF, which follows the MarketVector US Listed Fabless Semiconductor Index. It focuses on chip designers that create semiconductor technology but outsource the actual manufacturing. The fund holds well-known companies like Nvidia and Broadcom, which supply key chips used in AI, smartphones, data centers, and more. Someone might invest in SMHX to seek growth from rising demand for advanced chips while spreading that bet across many companies. A key risk is that it is heavily concentrated in the semiconductor and tech sector, so its price can swing sharply with that industry.
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 essentially a pure play on U.S. fabless chip designers, with the fund’s fate tightly linked to a handful of AI powerhouses. Nvidia sits in the driver’s seat, still rising but showing hints of fatigue, while Broadcom has cooled recently after a strong run. AMD, ARM, and Marvell are all surging, giving the ETF a strong tailwind from the AI and data center boom. With nearly all exposure in U.S. tech and heavily tilted toward a small group of high-flying semiconductor names, this fund lives and dies by the chip cycle.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 14.20% | $38.26M | $5.04T | 44.62% | 76 Outperform | |
| Broadcom | 10.91% | $29.39M | $1.86T | 47.13% | 76 Outperform | |
| Marvell | 8.44% | $22.75M | $233.47B | 270.15% | 76 Outperform | |
| ARM Holdings PLC ADR | 8.28% | $22.29M | $345.65B | 119.00% | 69 Neutral | |
| Astera Labs, Inc. | 7.37% | $19.85M | $58.57B | 261.43% | 68 Neutral | |
| Advanced Micro Devices | 7.33% | $19.75M | $775.36B | 273.45% | 73 Outperform | |
| Qualcomm | 5.18% | $13.97M | $216.51B | 28.81% | 80 Outperform | |
| Rambus | 4.27% | $11.51M | $15.88B | 145.96% | 78 Outperform | |
| Monolithic Power | 4.00% | $10.79M | $75.27B | 109.33% | 75 Outperform | |
| Lattice Semiconductor | 3.78% | $10.19M | $18.85B | 168.36% | 71 Outperform |
SMHX Technical Analysis
Neutral
―
Price Trends
52.45
Positive
45.56
Positive
41.96
Positive
Market Momentum
2.59
Positive
48.81
Neutral
24.95
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SMHX, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 60.48, equal to the 50-day MA of 52.45, and equal to the 200-day MA of 41.96, indicating a neutral trend. The MACD of 2.59 indicates Positive momentum. The RSI at 48.81 is Neutral, neither overbought nor oversold. The STOCH value of 24.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SMHX.
SMHX Peer Comparison
Comparison Results
Performance Comparison
SMHX
VanEck Fabless Semiconductor ETF
57.92
28.58
97.41%
IETC
iShares Evolved US Technology ETF
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QQH
HCM Defender 100 Index ETF
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GTOP
Goldman Sachs Technology Opportunities ETF
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PTF
Invesco DWA Technology Momentum ETF
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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.
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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