(SMH) VanEck Semiconductor - Ratings and Ratios
Chips, Equipment, Design, Memory
| Risk via 10d forecast | |
|---|---|
| Volatility | 33.7% |
| Value at Risk 5%th | 55.3% |
| Reward | |
|---|---|
| Sharpe Ratio | 0.89 |
| Alpha Jensen | 10.95 |
| Character | |
|---|---|
| Hurst Exponent | 0.363 |
| Beta | 1.680 |
| Drawdowns 3y | |
|---|---|
| Max DD | 35.74% |
| Mean DD | 7.01% |
Description: SMH VanEck Semiconductor October 14, 2025
The VanEck Semiconductor ETF (NASDAQ: SMH) is a non-diversified, technology-focused ETF that commits at least 80 % of its net assets to securities that track its benchmark index, which consists of U.S.-listed common stocks and depositary receipts of semiconductor companies-including medium-cap and foreign issuers listed in the United States.
As of the most recent filing, SMH holds roughly 30 % of its assets in the top three holdings-NVIDIA, Taiwan Semiconductor Manufacturing Co. (TSMC), and ASML-reflecting the concentration typical of a sector-specific fund. The ETF’s expense ratio stands at 0.35 %, and its total net assets exceed $15 billion, making it one of the largest pure-play semiconductor ETFs. Key sector drivers include sustained demand for AI-accelerated computing, ongoing supply-chain bottlenecks that favor firms with advanced lithography capabilities, and macro-level exposure to global chip cycles, which historically have a 5-year average growth rate of about 6 % in revenue across the industry.
If you’re looking to deepen your quantitative assessment of SMH’s risk-adjusted return profile, a quick dive into ValueRay’s analytical dashboards can surface additional metrics such as forward-looking earnings revisions and ESG scores that may affect future performance.
SMH ETF Overview
| Market Cap in USD | 36,260m |
| Category | Technology |
| TER | 0.35% |
| IPO / Inception | 2011-12-20 |
| Return 12m vs S&P 500 | 20.5% |
| Analyst Rating | - |
SMH Dividends
| Dividend Yield | 0.31% |
| Yield on Cost 5y | 1.13% |
| Yield CAGR 5y | 9.28% |
| Payout Consistency | 92.4% |
| Payout Ratio | - |
SMH Growth Ratios
| CAGR | 47.59% |
| CAGR/Max DD Calmar Ratio | 1.33 |
| CAGR/Mean DD Pain Ratio | 6.78 |
| Current Volume | 7567k |
| Average Volume | 7567k |
What is the price of SMH shares?
Over the past week, the price has changed by -0.48%, over one month by +3.33%, over three months by +19.65% and over the past year by +39.08%.
Is VanEck Semiconductor a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SMH is around 418.79 USD . This means that SMH is currently undervalued and has a potential upside of +19.3% (Margin of Safety).
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 | - | - |
| ValueRay Target Price | 482.5 | 37.4% |
SMH Fundamental Data Overview November 09, 2025
Beta = 1.68
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 36.26b USD (36.26b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 36.26b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 36.26b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 12.21% (E(36.26b)/V(36.26b) * Re(12.21%) + (debt-free company))
Discount Rate = 12.21% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for SMH ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle