- ISIN
- US92189H6642
- CUSIP
- 92189H664
- Issuer
- VanEck
- Inception Date
- Aug 27, 2024
- Region
- North America (U.S.)
- Category
- Semiconductors, Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MarketVector™ US Listed Fabless Semiconductor Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $362M
Share Price Chart
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Performance
SMHX Performance Chart
VanEck Fabless Semiconductor ETF (SMHX) is up 64.3% since the beginning of the year. SMHX is currently trading at $62 per share.
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Returns By Period
VanEck Fabless Semiconductor ETF (SMHX) has returned 64.32% so far this year and 113.51% over the past 12 months.
VanEck Fabless Semiconductor ETF
- 1D
- -5.60%
- 1M
- 3.65%
- YTD
- 64.32%
- 6M
- 61.18%
- 1Y
- 113.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
SMHX Monthly Returns History
Based on dividend-adjusted daily data since Aug 28, 2024, SMHX's average daily return is +0.23%, while the average monthly return is +4.48%. At this rate, an investment would double in approximately 1.3 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2026 with a return of +36.9%, while the worst month was Mar 2025 at -11.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SMHX closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +18.3%, while the worst single day was Jan 27, 2025 at -12.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.79% | -1.74% | -3.11% | 36.85% | 22.50% | 0.16% | 64.32% | ||||||
| 2025 | -0.89% | -9.17% | -11.35% | 1.63% | 14.54% | 15.27% | 8.71% | 3.27% | 8.83% | 7.97% | -7.29% | -0.73% | 30.00% |
| 2024 | -0.39% | 1.82% | 0.75% | 6.32% | 6.36% | 15.56% |
Benchmark Metrics
VanEck Fabless Semiconductor ETF has an annualized alpha of 28.08%, beta of 2.08, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since August 28, 2024.
- This ETF captured 306.52% of S&P 500 Index gains but only 91.24% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 28.08% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 2.08 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 28.08%
- Beta
- 2.08
- R²
- 0.70
- Upside Capture
- 306.52%
- Downside Capture
- 91.24%
Expense Ratio
SMHX has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SMHX ranks 87 for risk / return — in the top 87% 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 Fabless Semiconductor ETF (SMHX) 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.
| SMHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.32 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.69 | 2.46 | +4.24 |
| Martin ratioReturn relative to average drawdown | 17.96 | 10.92 | +7.05 |
Dividends
Dividend History
VanEck Fabless Semiconductor ETF provided a 0.01% dividend yield over the last twelve months, with an annual payout of $0.01 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.01 | $0.01 | $0.01 |
Dividend yield | 0.01% | 0.02% | 0.04% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Fabless 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 | $0.01 | $0.01 |
| 2024 | $0.01 | $0.01 |
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 Fabless 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 Fabless Semiconductor ETF was 38.53%, occurring on Apr 8, 2025. Recovery took 63 trading sessions.
The current VanEck Fabless Semiconductor ETF drawdown is 7.91%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -38.53%Apr 2025 | 2mo 15d | 3mo 3d | 5mo 18dJan 2025 - Jul 2025 |
2026 correction2026 | -17.06%Mar 2026 | 5mo 1d | 14d | 5mo 15dOct 2025 - Apr 2026 |
2026 correction2026 | -14.65%Jun 2026 | 6d | — | 20d 4hJun 2026 - now |
2024 correction2024 | -12.59%Sep 2024 | 9d | 18d | 27dAug 2024 - Sep 2024 |
2024 pullback2024 | -8.61%Nov 2024 | 7d | 19d | 26dNov 2024 - Dec 2024 |
Drawdown Indicators
| SMHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.53% | -56.78% | +18.25% |
Max Drawdown (1Y)Largest decline over 1 year | -17.06% | -9.10% | -7.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -7.91% | -3.21% | -4.70% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -10.71% | +3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 2.04% | +4.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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