Compare SMGB vs. SMH ETF performance

›Compare ETFs›SMGB vs. SMH ETF comparison

Comparing 2 ETFs	Performance (December 16, 2025 - March 16, 2026)
SMGB +15.10% SMH +12.30%

Comparison analysis

VanEck Semiconductor UCITS ETF (SMGB) provides exposure to the US Information Technology segment. VanEck Semiconductor ETF (SMH) belongs to the US Info. Technology segment. Both funds use a Direct (Physical) replication method to follow their index and a replication model of Full replication. Both funds invest in the same top 3 sectors: Information Technology and Unavailable. SMGB’s top underlying securities are USN070592100 (11.48%), US8740391003 (9.62%) and MICRON TECHNOLOGY (9.58%). SMH’s top underlying securities are NVIDIA (18.75%), US8740391003 (10.09%) and BROADCOM LIMITED (6.95%). With a Total Expense Ratio (TER) of 0.35%, SMGB is cheaper than SMH, with 0.35%. SMGB has a 3M average daily volume (ADV) of +$42M vs. +$2.73B for SMH. The recorded 1Y bid-ask spread is +11.14bps (SMGB) and +1.86bps (SMH). The table below shows the full side-by-side ETF comparison of SMGB and SMH, with detailed data on performance, flows, liquidity, exposure to individual stocks, segments, sectors, and geographies, helping you select the best ETFs.

	SMGB VanEck Semiconductor UCITS ETF - USDThis ETF provides exposure to US Semiconductors Equities ISIN IE00BMC38736	SMH VanEck Semiconductor ETF - USDThis ETF provides exposure to US Semiconductors Equities ISIN US92189F6768


Product Type	Passive ETF	Passive ETF
Strategy	Long only	Long only
NAV	$69.31	$393.96
AuM	-	-
E/R	0.35%	0.35%
Rating

Provider	VanEck	VanEck
Investment strategy	The VanEck Semiconductor UCITS ETF invests in the overall performance of companies involved in semiconductor production and equipment.	VanEck Vectors® Semiconductor ETF (SMH®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Listed Semiconductor 25 Index (MVSMHTR), which is intended to track the overall performance of companies involved in semiconductor production and equipment.
Dividend policy	Capitalization	Distribution


Tax optimisation
PEA
UK Reporting

Performance and flows	Perf. Flows	Perf. Flows
1 month	-3.32% To view, create a free account	-3.28% To view, create a free account
3 months	+15.10%	+12.30%
1 year	+76.91%	+72.57%
3 years	+190.24%	+217.45%
5 years	+208.22%	+240.79%
Month to date	-3.30%	-2.99%
Quarter to date	+12.31%	+9.40%
Year to date	+12.31%	+9.40%

Volatility and risk	1 year 3 years 5 years	1 year 3 years 5 years
Volatility	To view, create a free account	To view, create a free account
Perf./Volatility
Max drawdown
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Exposure
Countries
Sectors or issuer types
Number of holdings	25	25
Weight of top 15 holdings
Top 15 holdings	USN070592100 US8740391003 MICRON TECHNOLOGY NVIDIA ADVANCED MICRO DEVICES BROADCOM LIMITED US5128073062 APPLIED MATERIAL INTEL-T TEXAS INSTRUMENTS KLA CORPORATION QUALCOMM ANALOG DEVICES SYNOPSYS CADENCE DESIGN SYSTEMS To view, create a free account	NVIDIA US8740391003 BROADCOM LIMITED MICRON TECHNOLOGY US5128073062 USN070592100 KLA CORPORATION ADVANCED MICRO DEVICES APPLIED MATERIAL TEXAS INSTRUMENTS INTEL-T ANALOG DEVICES QUALCOMM SYNOPSYS CADENCE DESIGN SYSTEMS To view, create a free account

Replication
Benchmark	MVIS US Listed Semiconductor 10% Capped ESG Index	MVIS US Listed Semiconductor 25 Index
Replication method
Replication model
Trackinsight replication rating
Tracking error (1Y)
Tracking difference (1Y)

Sustainability
ESG Consensus®
SDG

Frequently asked questions about SMGB and SMH

How did SMGB and SMH perform in 2026?

As of yesterday, SMGB has delivered a year-to-date performance of 12.31%, while SMH has returned 9.40%.

Which ETF is seeing higher flows: SMGB or SMH?

As of yesterday, SMGB has recorded +€506M in net flows YTD, compared to +€2.87B for SMH since the beginning of the year.

Which ETF shows higher volatility: SMGB or SMH?

As of yesterday, SMGB reported a 1-year volatility of 37.08%, whereas SMH registered volatility 36.89% over the same period.

How do SMGB and SMH differ in sector exposure?

As of yesterday, SMGB is primarily exposed to sectors such as Information Technology, weight 71.69%. The top sectors in SMH feature Information Technology, weight 77.51%.

How do SMGB and SMH differ in geographic exposure?

As of yesterday, SMGB has its largest country exposures in USA, weight 98.90% and Netherlands, weight 1.10%. The top countries in SMH feature USA, weight 98.63% and Netherlands, weight 1.37%.

How do SMGB and SMH differ in terms of holdings?

As of yesterday, SMGB include USN070592100, weight 11.48%, US8740391003, weight 9.62% and MICRON TECHNOLOGY, weight 9.58%. The top positions in SMH feature NVIDIA, weight 18.75%, US8740391003, weight 10.09% and BROADCOM LIMITED, weight 6.95%.

Is SMGB or SMH more diversified?

As of yesterday, SMGB holds 25 securities, with 93.34% of its assets allocated to its top 15 positions. SMH, by comparison, includes 25 holdings and has 91.95% concentrated in its top 15.

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