(SMH) Semiconductor - Overview
Etf: Chips, Processors, Foundries, Equipment
| Risk 5d forecast | |
|---|---|
| Volatility | 35.6% |
| Relative Tail Risk | 2.53% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.81 |
| Alpha | 46.68 |
| Character TTM | |
|---|---|
| Beta | 2.045 |
| Beta Downside | 1.352 |
| Drawdowns 3y | |
|---|---|
| Max DD | 35.74% |
| CAGR/Max DD | 1.41 |
Description: SMH Semiconductor February 25, 2026
The VanEck Semiconductor ETF (SMH) allocates at least 80% of its assets to securities that track its benchmark index, which consists of U.S.-listed common stocks and depositary receipts of companies operating in the semiconductor industry, including mid-cap and foreign firms listed in the U.S. The fund is classified as non-diversified.
As of the latest filing, SMH manages roughly $12.5 billion in assets with an expense ratio of 0.35%; its top holdings are Nvidia (≈10% of assets), Taiwan Semiconductor Manufacturing Co. (≈9%), and ASML Holding (≈8%).
Key drivers for the semiconductor sector remain robust demand for artificial-intelligence chips, rapid 5G rollout, and the growth of electric-vehicle and data-center markets, all of which are projected to sustain double-digit revenue growth through 2025.
For deeper insights, you might explore ValueRay’s analysis.
Headlines to watch out for
- Global chip demand fuels semiconductor industry growth
- Geopolitical tensions disrupt supply chains, impacting production
- Research and development spending crucial for innovation
- Interest rate hikes increase borrowing costs for expansion
- Smartphone and automotive sectors drive chip consumption
What is the price of SMH shares?
Over the past week, the price has changed by +0.48%, over one month by -3.32%, over three months by +8.46% and over the past year by +87.79%.
Is SMH a buy, sell or hold?
What are the forecasts/targets for the SMH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |