- CUSIP
- 92189F676
- Issuer
- VanEck
- Inception Date
- Dec 20, 2011
- Region
- Developed Markets (Broad)
- Category
- Semiconductors, Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MVIS US Listed Semiconductor 25 Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $85B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
SMH Performance Chart
VanEck Semiconductor ETF (SMH) is up 83.2% since the beginning of the year. SMH is currently trading at $660 per share. Investors who bought $1,000 worth of SMH shares 5 years ago would now be looking at an investment worth $5,508.
Loading charts...
Returns By Period
VanEck Semiconductor ETF (SMH) has returned 83.23% so far this year and 154.33% over the past 12 months. Looking at the last ten years, SMH has achieved an annualized return of 38.22%, outperforming the S&P 500 Index benchmark, which averaged 13.54% per year.
VanEck Semiconductor ETF
- 1D
- 5.76%
- 1M
- 14.50%
- YTD
- 83.23%
- 6M
- 85.82%
- 1Y
- 154.33%
- 3Y*
- 63.38%
- 5Y*
- 40.67%
- 10Y*
- 38.22%
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
SMH Monthly Returns History
Based on dividend-adjusted daily data since Jun 5, 2000, SMH's average daily return is +0.07%, while the average monthly return is +1.36%. At this rate, an investment would double in approximately 4.3 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2026 with a return of +32.2%, while the worst month was Sep 2001 at -32.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, SMH closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +17.2%, while the worst single day was Mar 16, 2020 at -14.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.03% | 0.72% | -5.65% | 32.16% | 18.20% | 10.18% | 83.23% | ||||||
| 2025 | 0.60% | -4.45% | -9.15% | -0.09% | 13.48% | 16.32% | 3.55% | 0.52% | 12.43% | 11.23% | -2.96% | 2.55% | 49.17% |
| 2024 | 6.29% | 14.03% | 6.15% | -4.84% | 12.33% | 8.41% | -5.26% | -1.43% | 0.82% | -1.54% | 0.19% | 0.46% | 39.10% |
| 2023 | 16.83% | 0.97% | 9.94% | -6.06% | 16.75% | 5.49% | 5.50% | -2.74% | -7.19% | -4.16% | 15.49% | 9.62% | 73.38% |
| 2022 | -10.81% | -2.63% | 0.61% | -14.80% | 6.41% | -16.70% | 16.41% | -9.53% | -13.73% | 2.21% | 20.35% | -9.87% | -33.53% |
| 2021 | 3.75% | 6.33% | 1.08% | -0.23% | 2.55% | 5.24% | 0.34% | 2.92% | -5.38% | 6.78% | 11.42% | 1.82% | 42.13% |
Benchmark Metrics
VanEck Semiconductor ETF has an annualized alpha of 6.62%, beta of 1.37, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since June 05, 2000.
- This ETF captured 185.49% of S&P 500 Index gains and 138.89% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 6.62% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 6.62%
- Beta
- 1.37
- R²
- 0.56
- Upside Capture
- 185.49%
- Downside Capture
- 138.89%
Expense Ratio
SMH has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SMH ranks 96 for risk / return — in the top 96% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SMH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.35 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 10.25 | 2.66 | +7.59 |
| Martin ratioReturn relative to average drawdown | 37.49 | 11.86 | +25.63 |
Dividends
Dividend History
VanEck Semiconductor ETF provided a 0.17% dividend yield over the last twelve months, with an annual payout of $1.10 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.10 | $1.10 | $1.07 | $1.04 | $1.20 | $0.79 | $0.75 | $1.06 | $0.82 | $0.70 | $0.29 | $0.57 |
Dividend yield | 0.17% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Semiconductor ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.10 | $1.10 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.07 | $1.07 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.04 | $1.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 | $1.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $0.79 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Semiconductor ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VanEck Semiconductor ETF was 84.96%, occurring on Nov 20, 2008. Recovery took 2129 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -84.96%Nov 2008 | 8y 5mo | 8y 5mo | 16y 10moJun 2000 - May 2017 |
Bear market2022 | -45.30%Oct 2022 | 9mo 20d | 9mo 2d | 1y 6moDec 2021 - Jul 2023 |
2025 selloff2025 | -35.74%Apr 2025 | 9mo 1d | 2mo 25d | 11mo 26dJul 2024 - Jul 2025 |
COVID crash2020 | -33.62%Mar 2020 | 29d | 2mo 17d | 3mo 16dFeb 2020 - Jun 2020 |
Rate-hike selloffLate 2018 | -27.02%Dec 2018 | 9mo 16d | 3mo 10d | 1y 21dMar 2018 - Apr 2019 |
Drawdown Indicators
| SMH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.96% | -56.78% | -28.18% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -9.10% | -5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -35.74% | -18.90% | -16.84% |
Max Drawdown (5Y)Largest decline over 5 years | -45.30% | -25.43% | -19.87% |
Max Drawdown (10Y)Largest decline over 10 years | -45.30% | -33.92% | -11.38% |
Current DrawdownCurrent decline from peak | 0.00% | -2.49% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -41.02% | -10.72% | -30.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 2.03% | +2.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with SMH
Add VanEck Semiconductor ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with SMH