VanEck Fabless Semiconductor ETF

$SMHX · VanEck · tracks MarketVector US Listed Fabless Semiconductor Index · since 2024

Dividend yield

0.18%

Expense ratio

0.35%

Assets

$0.3B

Weighted P/E

32.4x

About SMHX

A pure-play on the fabless semiconductor business model — companies that design chips but outsource manufacturing to foundries like TSMC. SMHX captures the highest-margin, highest-growth part of the chip industry, concentrated in AI accelerator and mobile SoC designers.

Top holdings

NVIDIA Corp.$NVDA Broadcom Inc.$AVGO Advanced Micro Devices$AMD Qualcomm Inc.$QCOM Arm Holdings$ARM Marvell Technology$MRVL Monolithic Power Systems$MPWR Microchip Technology$MCHP Lattice Semiconductor$LSCC Credo Technology$CRDO

Sector exposure

Semiconductors100.0%

How StockWorthy analyses SMHX

ETFs hold companies rather than generating cash flow themselves, so SMHX is assessed on cost, income and the valuation of what it owns: the expense ratio, the current yield against its own 0.22% long-run average, and a holdings-weighted P/E and growth rate built from the underlying positions. Figures are educational and not investment advice.