VanEck Vectors Semiconductor ETF (SMH)
SMH, or the VanEck Vectors Semiconductor ETF, is a passive exchange-traded fund (ETF) managed by VanEck. The fund tracks the investment results of the MVIS US Listed Semiconductor 25 Index, which is designed to provide exposure to the performance of companies in the semiconductor industry. The index comprises 25 companies listed on U.S. exchanges involved in developing, developing, manufacturing, and selling semiconductors. The ETF aims to provide investors with exposure to the performance of companies in the semiconductor industry, which can be an attractive investment opportunity as the semiconductor industry is a crucial driver of technological innovation and growth in many sectors.
The SMH ETF was launched on December 20, 2011, and has a 0.35% expense ratio.
ETF Info
US92189F6768
92189F676
Dec 20, 2011
Developed Markets (Broad)
1x
MVIS US Listed Semiconductor 25 Index
Large-Cap
Blend
Expense Ratio
SMH has an expense ratio of 0.35%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
VanEck Vectors Semiconductor ETF (SMH) returned -1.97% year-to-date (YTD) and 6.79% over the past 12 months. Over the past 10 years, SMH delivered an annualized return of 25.08%, outperforming the S&P 500 benchmark at 10.69%.
SMH
-1.97%
17.93%
-5.94%
6.79%
30.48%
25.08%
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
Monthly Returns
The table below presents the monthly returns of SMH, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.60% | -4.45% | -9.15% | -0.09% | 12.37% | -1.97% | |||||||
| 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% | -7.20% | -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% |
| 2020 | -2.72% | -4.07% | -11.24% | 14.16% | 5.46% | 8.35% | 8.78% | 5.50% | -0.67% | 0.43% | 19.24% | 5.43% | 55.53% |
| 2019 | 10.67% | 6.98% | 2.90% | 9.33% | -15.50% | 12.17% | 6.27% | -2.28% | 4.12% | 7.02% | 4.25% | 7.99% | 64.45% |
| 2018 | 8.89% | 0.03% | -2.12% | -6.83% | 10.32% | -4.22% | 3.14% | 2.88% | -2.29% | -12.20% | 3.52% | -8.06% | -9.05% |
| 2017 | 3.91% | 2.62% | 4.35% | -0.01% | 7.89% | -4.80% | 4.86% | 3.19% | 5.35% | 8.88% | -1.34% | -1.04% | 38.48% |
| 2016 | -6.68% | 1.43% | 9.22% | -4.76% | 8.46% | 0.19% | 11.38% | 4.27% | 4.92% | -1.73% | 4.09% | 1.63% | 35.54% |
| 2015 | -3.46% | 8.04% | -2.93% | 0.29% | 7.84% | -8.76% | -4.43% | -4.99% | 0.67% | 8.68% | 2.93% | -2.44% | -0.34% |
| 2014 | -2.97% | 6.02% | 4.49% | -2.06% | 3.74% | 6.80% | -1.47% | 5.99% | -1.14% | 0.65% | 8.03% | -0.53% | 30.22% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SMH is 27, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for VanEck Vectors Semiconductor ETF (SMH) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
VanEck Vectors Semiconductor ETF provided a 0.45% dividend yield over the last twelve months, with an annual payout of $1.07 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.07 | $1.07 | $1.04 | $1.20 | $0.79 | $0.75 | $1.06 | $0.82 | $0.70 | $0.29 | $0.57 | $0.32 |
Dividend yield | 0.45% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% | 1.16% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Vectors 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.75 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $1.06 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.82 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2014 | $0.32 | $0.32 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Vectors 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 Vectors Semiconductor ETF was 83.29%, occurring on Nov 20, 2008. Recovery took 1930 trading sessions.
The current VanEck Vectors Semiconductor ETF drawdown is 15.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -83.29% | Jun 22, 2000 | 2124 | Nov 20, 2008 | 1930 | Jul 20, 2016 | 4054 |
| -45.3% | Dec 28, 2021 | 202 | Oct 14, 2022 | 185 | Jul 13, 2023 | 387 |
| -35.74% | Jul 11, 2024 | 187 | Apr 8, 2025 | — | — | — |
| -33.62% | Feb 20, 2020 | 22 | Mar 20, 2020 | 53 | Jun 5, 2020 | 75 |
| -27.02% | Mar 13, 2018 | 199 | Dec 24, 2018 | 68 | Apr 3, 2019 | 267 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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