Quels sont les frais de l'ETF SMH ?

Les frais courants déclarés sont de 0,35 % par an. Des frais de 0,35 % par an représentent 35 € prélevés chaque année pour 10 000 € investis, directement dans la valeur de la part.

L'ETF SMH est-il éligible au PEA ?

Non : le fonds est domicilié hors de l'Espace économique européen (ISIN US92189F6768), il n'est pas logeable dans un PEA. Il reste accessible en compte-titres.

Quelle est la performance de SMH sur 5 ans ?

+212,8 % sur 5 ans, soit +25,6 % par an, en USD et dividendes non réinvestis (cours de clôture au 2026-11-06).

VanEck Semiconductor ETF (SMH) : fees, AUM, composition and performance

Q: Quelles sont les plus grosses positions de VanEck Semiconductor ETF ?

Les dix premières lignes pèsent 68,0 % du fonds : NVIDIA Corporation (19,6 %), Taiwan Semiconductor Manufacturing Company Limited (9,5 %), Advanced Micro Devices, Inc. (5,6 %), Broadcom Inc. (5,5 %), Texas Instruments Incorporated (5,5 %).

Annual fees

0,35 %

deducted from the share value

Outstanding

66,44 $bn

in US dollars

Number of lines

27

published positions

Weight of the top 10

68,0 %

concentration

Performance 1 year

+32,1 %

price in USD

3 year performance

+209,4 %

i.e. +45,7 % per year

5 year performance

+212,8 %

i.e. +25,6 % per year

Volatilité 1 an

42,7 %

annualized standard deviation

Worst drop

-45,3 %

from a high, 5 years

Last share price

463,96 USD

+3,62 % during the session

Reading. Fees of 0,35 % per year represent 35 € collected each year for 10 000 € invested, directly in the share value. Semiconductor ETFs concentrate a handful of chip manufacturers (Nvidia, TSMC, ASML, Broadcom): very strong rise over ten years, but drops of 30 to 50 % are not uncommon. The positions come from the issuer's publications; performance is calculated on the closing prices of the SMH listing, dividends not reinvested, in the listing currency.

10 first linesweight in the fund

NVIDIA CorporationUS67066G1040

19,62 %

Taiwan Semiconductor Manufacturing Company LimitedUS8740391003

9,48 %

Advanced Micro Devices, Inc.US0079031078

5,58 %

Broadcom Inc.US11135F1012

5,53 %

Texas Instruments IncorporatedUS8825081040

5,49 %

Analog Devices, Inc.US0326541051

4,79 %

Micron Technology, Inc.US5951121038

4,67 %

Asml Holding NvASML

4,48 %

KLA CorporationUS4824801009

4,22 %

Sk Hynix IncSKHY

4,19 %

Sectorsaccording to the issuer

Technology

99,96 %

Energy

0,06 %

Cash & Others

-0,02 %

Countryaccording to the issuer

United States

80,92 %

Taiwan

9,48 %

Netherlands

4,48 %

South Korea

4,19 %

Singapore

0,92 %

What you need to know

The first 10 lines make up more than half of the fund: it behaves like a basket of a few securities.

Composition: the 27 largest positions

#	Line	Weight	Value
1	NVIDIA CorporationUS67066G1040	19,62 %	14,01 $bn
2	Taiwan Semiconductor Manufacturing Company LimitedUS8740391003	9,48 %	6,76 $bn
3	Advanced Micro Devices, Inc.US0079031078	5,58 %	3,98 $bn
4	Broadcom Inc.US11135F1012	5,53 %	3,95 $bn
5	Texas Instruments IncorporatedUS8825081040	5,49 %	3,92 $bn
6	Analog Devices, Inc.US0326541051	4,79 %	3,42 $bn
7	Micron Technology, Inc.US5951121038	4,67 %	3,33 $bn
8	Asml Holding NvASML	4,48 %	3,20 $bn
9	KLA CorporationUS4824801009	4,22 %	3,01 $bn
10	Sk Hynix IncSKHY	4,19 %	2,99 $bn
11	Applied Materials, Inc.US0382221051	4,15 %	2,96 $bn
12	QUALCOMM IncorporatedUS7475251036	4,06 %	2,90 $bn
13	Marvell Technology, Inc.US5738741041	4,00 %	2,86 $bn
14	Intel CorporationUS4581401001	4,00 %	2,85 $bn
15	Lam Research CorporationUS5128073062	3,71 %	2,65 $bn
16	Synopsys, Inc.US8716071076	2,17 %	1,55 $bn
17	Cadence Design Systems, Inc.US1273871087	2,15 %	1,54 $bn
18	NXP Semiconductors N.V.NL0009538784	1,23 %	877,8 M$
19	Monolithic Power Systems, Inc.US6098391054	1,15 %	817,5 M$
20	Teradyne, Inc.US8807701029	1,00 %	717,1 M$
21	Astera Labs, Inc. Common StockUS04626A1034	0,99 %	709,3 M$
22	Arm Holdings plc American Depositary SharesUS0420682058	0,96 %	687,9 M$
23	STMicroelectronics N.V.US8610121027	0,92 %	659,6 M$
24	Microchip Technology IncorporatedUS5950171042	0,88 %	628,9 M$
25	ON Semiconductor CorporationUS6821891057	0,50 %	359,3 M$
26	-USD CASH-	0,06 %	45,1 M$
27	Other/Cash	0,00 %	2,9 M$

Comparable ETFs

The overlap measures the part of the portfolio common to both funds (sum of minimum weights on shared lines): beyond 70 %, holding both provides almost no diversification.

ETF	Fees	Outstanding	Perf. 1 year	Recovery
VanEck Semiconductor UCITS ETF Accum A USDVVSM.DE · VanEck	0,35 %	8,34 $bn	+47,2 %	74,1 %	compare
MIRAE ASSET TIGER US PHLX Semiconductor Sector Nasdaq ETF381180.KS · Tiger ETF	0,49 %	3,76 $bn	+19,1 %	73,6 %	compare
iShares Semiconductor ETFSOXX · IShares	0,33 %	43,67 $bn	+37,7 %	70,9 %	compare
Direxion Daily Semiconductor Bull 3X ETFSOXL · Direxion	0,91 %	24,31 $bn	+6,9 %	56,7 %	compare
iShares MSCI Global Semiconductors UCITS ETF USD AccSEMI.AS · IShares	0,35 %	5,64 $bn	+44,5 %	52,0 %	compare
Amundi MSCI Semiconductors UCITS ETF AccCHIP.PA · Amundi	0,35 %	2,33 $bn	n.d.	51,7 %	compare
ProShares Ultra SemiconductorsUSD · ProShares	0,94 %	2,19 $bn	n.d.	44,3 %	compare
State Street Technology Select Sector SPDR ETFXLK · SPDR	0,08 %	124,71 $bn	+13,9 %	44,2 %	compare

Its holdings in other ETFsdouble exposure

The main holdings of SMH are found in many other funds: combining several ETFs often means holding the same companies multiple times.

NVIDIA Corporation : 19,62 % in this fund; held by 1 471 ETF, 971,65 Bn$ in total
Taiwan Semiconductor Manufacturing Company Limited : 9,48 % in this fund; held by 325 ETF, 20,31 Bn$ in total
Advanced Micro Devices, Inc. : 5,58 % in this fund; held by 1 095 ETF, 214,37 Bn$ in total
Broadcom Inc. : 5,53 % in this fund; held by 1 248 ETF, 322,83 Bn$ in total
Texas Instruments Incorporated : 5,49 % in this fund; held by 888 ETF, 76,15 Bn$ in total
Analog Devices, Inc. : 4,79 % in this fund; held by 851 ETF, 54,47 Bn$ in total
Micron Technology, Inc. : 4,67 % in this fund; held by 1 126 ETF, 254,79 Bn$ in total
KLA Corporation : 4,22 % in this fund; held by 885 ETF, 60,63 Bn$ in total

Information provided for educational purposes from the positions published by the issuers and closing prices. Past performance is not indicative of future performance; fees and assets under management are those declared by the source and may contain errors. Investing involves a risk of capital loss.

Frequently Asked Questions

To understand well

What are the fees of the ETF SMH?

Reported ongoing fees are 0,35 % per year. Fees of 0,35 % per year represent 35 € collected each year for every 10 000 € invested, directly in the share value.

What are the largest positions of the VanEck Semiconductor ETF?

The top ten holdings weigh 68,0 % of the fund: NVIDIA Corporation (19,6 %), Taiwan Semiconductor Manufacturing Company Limited (9,5 %), Advanced Micro Devices, Inc. (5,6 %), Broadcom Inc. (5,5 %), Texas Instruments Incorporated (5,5 %).

Is the SMH ETF eligible for a PEA?

No: the fund is domiciled outside the European Economic Area (ISIN US92189F6768), it is not eligible for a PEA. It remains accessible in a securities account.

What is the performance of SMH over 5 years?

+212,8 % over 5 years, i.e., +25,6 % per year, in USD and dividends not reinvested (closing price at 2026-11-06).

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