VanEck Fabless Semiconductor ETF (SMHX) belongs to the Semiconductors category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SMHX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SMHX
SMHX charges 0.35% annually. There are 3 ETFs in the Semiconductors category with lower expense ratios, going as low as 0.15%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Semiconductor Select Equity ETF | 0.15% | 116.18M | Jul 2023 | SMHX vs CHPS | |
| Invesco PHLX Semiconductor ETF | 0.19% | 2.58B | Jun 2021 | SMHX vs SOXQ | |
| iShares Semiconductor ETF | 0.34% | 47.60B | Jul 2001 | SMHX vs SOXX | |
| VanEck Semiconductor ETF | 0.35% | 73.62B | Dec 2011 | SMHX vs SMH | |
| SPDR S&P Semiconductor ETF | 0.35% | 3.19B | Jan 2006 | SMHX vs XSD |
Best Risk-Adjusted Alternatives to SMHX
SMHX has a PortfoliosLab risk / return rank of 81. There are 11 ETFs in the Semiconductors category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 98 | 6.16B | Oct 2024 | SMHX vs MUU | |
| Xtrackers Semiconductor Select Equity ETF | 95 | 116.18M | Jul 2023 | SMHX vs CHPS | |
| First Trust Nasdaq Semiconductor ETF | 94 | 2.46B | Sep 2016 | SMHX vs FTXL | |
| YieldMax Semiconductor Portfolio Option Income ETF | 94 | 1.16B | Apr 2025 | SMHX vs CHPY | |
| Invesco Semiconductors ETF | 93 | 2.68B | Jun 2005 | SMHX vs PSI |
Top Performing SMHX Alternatives (YTD)
SMHX is at 55.01% YTD. There are 13 ETFs in the Semiconductors category with higher YTD returns, going as high as 523.19%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 523.19% | 6.16B | Oct 2024 | SMHX vs MUU | |
| Direxion Daily Semiconductor Bull 3X ETF | 293.89% | 25.32B | Mar 2010 | SMHX vs SOXL | |
| Invesco Semiconductors ETF | 94.91% | 2.68B | Jun 2005 | SMHX vs PSI | |
| Xtrackers Semiconductor Select Equity ETF | 88.58% | 116.18M | Jul 2023 | SMHX vs CHPS | |
| First Trust Nasdaq Semiconductor ETF | 86.01% | 2.46B | Sep 2016 | SMHX vs FTXL |
Lowest Volatility Alternatives to SMHX
SMHX has 38.21% 1-year volatility. There are 6 ETFs in the Semiconductors category with lower 1-year volatility, going as low as 18.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares YieldBOOST MU ETF | 18.15% | 20.76M | Apr 2026 | SMHX vs MUYY | |
| GraniteShares YieldBOOST Semiconductors ETF | 25.61% | 87.70M | Nov 2025 | SMHX vs SEMY | |
| Columbia Select Technology ETF | 26.16% | 39.92M | Mar 2022 | SMHX vs SEMI | |
| YieldMax Semiconductor Portfolio Option Income ETF | 35.45% | 1.16B | Apr 2025 | SMHX vs CHPY | |
| VanEck Semiconductor ETF | 36.79% | 73.62B | Dec 2011 | SMHX vs SMH |
Lowest Drawdown Alternatives to SMHX
SMHX has a 1-year max drawdown of -17.06%. There are 6 ETFs in the Semiconductors category with shallower 1-year drawdowns, going as shallow as -13.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | -13.41% | 1.16B | Apr 2025 | SMHX vs CHPY | |
| Columbia Select Technology ETF | -14.41% | 39.92M | Mar 2022 | SMHX vs SEMI | |
| Strive U.S. Semiconductor ETF | -14.59% | 238.64M | Oct 2022 | SMHX vs SHOC | |
| VanEck Semiconductor ETF | -14.93% | 73.62B | Dec 2011 | SMHX vs SMH | |
| iShares Semiconductor ETF | -15.77% | 47.60B | Jul 2001 | SMHX vs SOXX |
Other ETFs from VanEck
The 10 most viewed VanEck ETFs shown here include GDX, NLR, GDXJ and span 13 categories. AUM among these funds goes as high as $23B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| VanEck Gold Miners ETF | Gold, Precious Metals | 30 | -13.72% | 23.05B | May 2006 | SMHX vs GDX | |
| VanEck Uranium and Nuclear ETF | Uranium, Alternative Energy Equities | 10 | -11.93% | 4.13B | Aug 2007 | SMHX vs NLR | |
| VanEck Junior Gold Miners ETF | Gold, Precious Metals | 29 | -15.14% | 7.11B | Nov 2009 | SMHX vs GDXJ | |
| VanEck Morningstar Wide Moat ETF | Large Cap Blend Equities | 30 | 2.50% | 11.77B | Apr 2012 | SMHX vs MOAT | |
| VanEck Rare Earth and Strategic Metals ETF | Rare Earth & Strategic Metals | 46 | 3.69% | 2.40B | Oct 2010 | SMHX vs REMX | |
| VanEck BDC Income ETF | Financials Equities | 4 | -5.37% | 1.60B | Feb 2013 | SMHX vs BIZD | |
| VanEck Bitcoin Trust | Cryptocurrency | 2 | -25.76% | 1.05B | Jan 2024 | SMHX vs HODL | |
| VanEck IG Floating Rate ETF | Corporate Bonds, Ultrashort Bond | 99 | 2.50% | 2.89B | Apr 2011 | SMHX vs FLTR | |
| VanEck Digital Transformation ETF | Blockchain, Technology Equities | 12 | 12.10% | 251.57M | Apr 2021 | SMHX vs DAPP | |
| VanEck Pharmaceutical ETF | Health & Biotech Equities | 54 | 5.68% | 944.89M | Dec 2011 | SMHX vs PPH |
Often Compared With SMHX
Investors most often compare SMHX with FSELX, IGV, CHPX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare SMHX with Any Fund or Stock
Compare SMHX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SMHX with funds that move differently
VanEck Fabless Semiconductor ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SMHX.
Explore SMHX Diversifiers