VanEck Semiconductor ETF

$SMH · VanEck · tracks MVIS US Listed Semiconductor 25 Index · since 2011

Dividend yield

0.60%

Expense ratio

0.35%

Assets

$26.4B

Weighted P/E

28.6x

About SMH

SMH is the largest U.S.-listed semiconductor ETF, holding the 25 most liquid global chip companies. The fund is heavily concentrated in NVIDIA, TSMC, and Broadcom — making it the purest play on AI compute demand, advanced packaging, and the secular growth of semiconductors across data center, automotive, and edge applications.

Top holdings

NVIDIA Corp.$NVDA Taiwan Semiconductor$TSM Broadcom Inc.$AVGO Advanced Micro Devices$AMD ASML Holding$ASML Qualcomm Inc.$QCOM Texas Instruments$TXN Applied Materials$AMAT Lam Research$LRCX Micron Technology$MU

Sector exposure

Semiconductors78.4%
Semiconductor Equipment18.2%
Other Technology3.4%

How StockWorthy analyses SMH

ETFs hold companies rather than generating cash flow themselves, so SMH is assessed on cost, income and the valuation of what it owns: the expense ratio, the current yield against its own 0.80% long-run average, and a holdings-weighted P/E and growth rate built from the underlying positions. Figures are educational and not investment advice.