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SMHX - AI Analysis
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VanEck Fabless Semiconductor ETF (SMHX)
Rating:73Outperform
Price Target:
$42.75
Positive Factors
Strong Top Holdings
Several key holdings, such as Nvidia, Broadcom, and AMD, have delivered strong year-to-date performance, driving the ETF’s gains.
Focused Sector Exposure
The ETF’s concentration in the semiconductor industry allows investors to benefit from growth in a high-demand technology sector.
Reasonable Expense Ratio
The fund charges a relatively low expense ratio, making it cost-effective compared to many specialized ETFs.
Negative Factors
Over-Concentration in Technology
Nearly all assets are allocated to the technology sector, exposing investors to risks if the semiconductor industry faces a downturn.
Geographic Overweight in the U.S.
The ETF is heavily focused on U.S.-based companies, limiting diversification across global markets.
Underperforming Holdings
Some holdings, such as Marvell and Synopsys, have lagged in performance, which could weigh on overall returns.
SMHX vs. SPDR S&P 500 ETF (SPY)
AUM160.64M
RegionNorth America
Expense Ratio0.35%
Beta1.99
IssuerVanEck
Inception DateAug 27, 2024
Dividend YieldN/A
Asset ClassEquity
Index TrackedMarketVector US Listed Fabless Semiconductor Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume223,850
30 Day Avg. Volume224,874
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
43.89Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering23
SMHX Summary
The VanEck Fabless Semiconductor ETF (SMHX) is an investment fund that focuses on companies in the semiconductor industry, specifically those that design chips but outsource manufacturing. It follows the MarketVector US Listed Fabless Semiconductor Index and includes well-known companies like Nvidia and Broadcom. This ETF is a great option for investors looking to benefit from the growth of technology trends like artificial intelligence, 5G, and the Internet of Things. However, since it is heavily focused on the technology sector, its performance can be affected by market ups and downs in 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
The VanEck Fabless Semiconductor ETF is riding the wave of innovation in the semiconductor industry, with Nvidia and AMD leading the charge thanks to their strong positioning in AI and cutting-edge chip design. Broadcom is also steady, benefiting from its focus on AI semiconductors. However, Marvell and Synopsys are holding the fund back, with Marvell grappling with profitability challenges and Synopsys facing bearish momentum and valuation concerns. With nearly all holdings rooted in U.S. technology, this ETF is laser-focused on the fabless semiconductor niche, offering concentrated exposure to a sector driving modern tech advancements.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 19.12% | $30.72M | $4.53T | 36.27% | 81 Outperform | |
| Broadcom | 13.08% | $21.02M | $1.67T | 110.47% | 79 Outperform | |
| Advanced Micro Devices | 7.21% | $11.59M | $410.45B | 62.37% | 77 Outperform | |
| Rambus | 5.38% | $8.64M | $11.34B | 153.59% | 79 Outperform | |
| Monolithic Power | 5.15% | $8.27M | $51.48B | 24.10% | 78 Outperform | |
| Marvell | 5.14% | $8.25M | $72.53B | 6.32% | 69 Neutral | |
| Synopsys | 4.90% | $7.88M | $86.22B | -6.20% | 67 Neutral | |
| Qualcomm | 4.84% | $7.77M | $182.29B | 8.98% | 78 Outperform | |
| Cadence Design | 4.64% | $7.45M | $94.04B | 39.02% | 79 Outperform | |
| ARM Holdings PLC ADR | 4.54% | $7.29M | $180.75B | 19.06% | 77 Outperform |
SMHX Technical Analysis
Positive
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Price Trends
37.54
Positive
34.82
Positive
30.55
Positive
Market Momentum
0.69
Negative
64.55
Neutral
90.43
Negative
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 39.18, equal to the 50-day MA of 37.54, and equal to the 200-day MA of 30.55, indicating a bullish trend. The MACD of 0.69 indicates Negative momentum. The RSI at 64.55 is Neutral, neither overbought nor oversold. The STOCH value of 90.43 is Negative, 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
41.49
14.29
52.54%
IETC
iShares Evolved US Technology ETF
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PSI
Invesco Dynamic Semiconductors ETF
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SOXQ
Invesco PHLX Semiconductor ETF
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FTXL
First Trust Nasdaq Semiconductor 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.
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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