SMHX - ETF AI Analysis
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VanEck Fabless Semiconductor ETF (SMHX)
Rating:73Outperform
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong gains so far this year, indicating that its focus on fabless semiconductor companies has recently been rewarded by the market.
Leading Semiconductor Holdings
Top positions like Nvidia, Broadcom, and other major chip designers have generally shown strong or very strong performance, helping drive the fund’s overall returns.
Focused Exposure to a High-Growth Niche
By concentrating on fabless semiconductor companies, the ETF targets a specialized corner of the technology sector that has benefited from growing demand for chips in AI, data centers, and electronics.
Negative Factors
High Stock Concentration
A large share of the fund is tied up in just a few companies, especially Nvidia and Broadcom, which increases the impact that any one stock’s weakness can have on the ETF.
Single-Sector Risk
Almost all of the ETF’s assets are in the technology sector, so a downturn in semiconductors or tech more broadly could hit the fund hard.
Limited Geographic Diversification
With nearly all exposure in U.S.-listed companies, investors are heavily reliant on the U.S. market and get little diversification from other regions.
SMHX vs. SPDR S&P 500 ETF (SPY)
AUM267.47M
RegionNorth America
Expense Ratio0.35%
Beta1.98
IssuerVanEck
Inception DateAug 27, 2024
Dividend Yield0.02%
Asset ClassEquity
Index TrackedMarketVector US Listed Fabless Semiconductor Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume32,135
30 Day Avg. Volume77,774
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
75.27Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering22
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SMHX Summary
SMHX is the VanEck Fabless Semiconductor ETF, which follows the MarketVector US Listed Fabless Semiconductor Index. It invests in U.S. technology companies that design computer chips but outsource the actual manufacturing. Top holdings include well-known names like Nvidia and Broadcom. Investors might consider SMHX if they want focused exposure to the growth of chips used in smartphones, AI, 5G, and other modern electronics, while still getting diversification across many chip designers. A key risk is that it is heavily concentrated in semiconductor and tech stocks, so its price can swing sharply with changes in that industry.
How much will it cost me?The VanEck Fabless Semiconductor ETF (SMHX) has an expense ratio of 0.35%, which means you’ll pay $3.50 per year for every $1,000 invested. This is slightly higher than average because it is a sector-focused ETF, which often requires more specialized management compared to broad-market index funds. However, it provides targeted exposure to the innovative fabless semiconductor industry.
What would affect this ETF?The VanEck Fabless Semiconductor ETF (SMHX) could benefit from growing demand for advanced technologies like AI, 5G, and IoT, which rely heavily on innovative semiconductor designs. However, it may face challenges from rising interest rates, which can impact growth-focused companies, and potential geopolitical tensions or regulatory changes affecting the U.S. technology sector. With top holdings like Nvidia and Broadcom, the ETF is well-positioned to capitalize on industry innovation but remains sensitive to broader economic and trade conditions.
SMHX Top 10 Holdings
SMHX is essentially a pure play on U.S.-listed chip designers, with Nvidia and Broadcom sitting in the driver’s seat. Nvidia has been rising lately, helping power the fund, while Broadcom’s more recent weakness has acted like a brake on returns. Marvell has been a bright spot, showing strong momentum, and AMD and ARM add extra punch with their more volatile, but generally upbeat, performance. With nearly all exposure tied to fabless semiconductor names and tools, this ETF is a concentrated bet on the brains behind modern computing and AI.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 23.07% | $61.71M | $5.36T | 25.81% | 76 Outperform | |
| Broadcom | 14.73% | $39.40M | $1.71T | 3.67% | 76 Outperform | |
| Advanced Micro Devices | 6.37% | $17.03M | $913.89B | 255.69% | 73 Outperform | |
| Qualcomm | 5.24% | $14.02M | $186.65B | 6.51% | 80 Outperform | |
| Marvell | 5.03% | $13.45M | $214.18B | 228.91% | 76 Outperform | |
| Astera Labs, Inc. | 4.21% | $11.27M | $52.61B | 23.67% | 68 Neutral | |
| Semtech | 4.19% | $11.22M | $17.27B | 203.93% | 69 Neutral | |
| ARM Holdings PLC ADR | 4.12% | $11.02M | $294.35B | 92.86% | 69 Neutral | |
| Synopsys | 3.96% | $10.58M | $73.77B | -22.31% | 73 Outperform | |
| Monolithic Power | 3.79% | $10.15M | $59.85B | 32.90% | 75 Outperform |
SMHX Technical Analysis
Positive
―
Price Trends
56.41
Positive
57.89
Negative
48.80
Positive
Market Momentum
-0.36
Negative
54.17
Neutral
62.82
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SMHX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 55.34, equal to the 50-day MA of 56.41, and equal to the 200-day MA of 48.80, indicating a bullish trend. The MACD of -0.36 indicates Negative momentum. The RSI at 54.17 is Neutral, neither overbought nor oversold. The STOCH value of 62.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SMHX.
SMHX Peer Comparison
Comparison Results
Performance Comparison
SMHX
VanEck Fabless Semiconductor ETF
57.05
18.20
46.85%
QQH
HCM Defender 100 Index ETF
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―
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GTOP
Goldman Sachs Technology Opportunities ETF
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―
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IETC
iShares Evolved US Technology ETF
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―
―
PTF
Invesco DWA Technology Momentum ETF
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―
―
SHOC
Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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