SMH Performance — VanEck Semiconductor ETF
Data updated: 2026-08-26
SMH returned +82.29% year to date and +136.05% over one year to Jun 2026. Annualised returns are +63.44% over 3 years and +38.85% over 5 years. The fund beat its Technology Equity category average: $100 invested three years ago grew to $437, against $225 for the category, and to $236 over one year, against $146. Volatility over the past three years was 30.68% a year. In the 12 months to Jun 2026 the fund took in a net $9.2B, and assets reached $77.20B.
SMH Growth of $100
What $100 invested in VanEck Semiconductor ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Technology Equity category average over the same months.
| Period | SMH | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $236 | $146 |
| 3 years (Jul 2023 – Jun 2026) | $437 | $225 |
| 5 years (Jul 2021 – Jun 2026) | $516 | $201 |
| Since data start (Jul 2019 – Jun 2026) | $1254 | $379 |
SMH Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +82.29% |
| 1 year | +136.05% |
| 3 years (annualised) | +63.44% |
| 5 years (annualised) | +38.85% |
SMH Annual Returns
Calendar-year total returns of VanEck Semiconductor ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +82.29% |
| 2025 | +49.16% |
| 2024 | +39.09% |
| 2023 | +73.20% |
| 2022 | −33.47% |
| 2021 | +42.18% |
| 2020 | +55.32% |
| 2019 (Jul–Dec) | +30.30% |
SMH Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +12.0% | +0.7% | −5.6% | +32.2% | +18.2% | +9.7% | — | — | — | — | — | — |
| 2025 | +0.6% | −4.5% | −9.2% | +0.1% | +13.3% | +16.4% | +3.5% | +0.5% | +12.5% | +11.2% | −2.9% | +2.5% |
| 2024 | +6.3% | +14.0% | +6.2% | −4.9% | +12.2% | +8.5% | −5.2% | −1.5% | +0.8% | −1.6% | +0.2% | +0.4% |
| 2023 | +16.8% | +1.0% | +10.0% | −6.1% | +16.6% | +5.7% | +5.4% | −2.7% | −7.2% | −4.1% | +15.5% | +9.6% |
| 2022 | −10.8% | −2.6% | +0.4% | −14.8% | +6.3% | −16.6% | +16.5% | −9.6% | −13.6% | +2.2% | +20.3% | −9.8% |
| 2021 | +3.8% | +6.3% | +1.1% | −0.2% | +2.5% | +5.2% | +0.5% | +2.8% | −5.4% | +6.8% | +11.5% | +1.7% |
| 2020 | −2.8% | −4.2% | −11.2% | +14.2% | +5.8% | +8.2% | +8.7% | +5.4% | −0.5% | +0.3% | +19.1% | +5.5% |
| 2019 | — | — | — | — | — | — | +6.2% | −2.2% | +4.0% | +7.1% | +4.2% | +8.1% |
SMH Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 30.68%
- 3-year Sharpe ratio: 1.92 (vs 4.5% risk-free rate)
- Best month: +32.20% (Apr 2026)
- Worst month: −9.24% (Mar 2025)
SMH Fund Flows
Monthly money in and out of VanEck Semiconductor ETF, from SEC Form N-PORT.
- 12-month net flow: $9.2B
- 12-month gross sales (incl. reinvestments): $87.7B
- Sales ÷ redemptions: 1.12×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $23.2B | $21.1B | $2.2B |
| May 2026 | $7.1B | $8.6B | −$1.5B |
| Apr 2026 | $9.6B | $5.7B | $3.9B |
| Mar 2026 | $9.8B | $12.4B | −$2.6B |
| Feb 2026 | $5.6B | $3.7B | $1.9B |
| Jan 2026 | $5.2B | $3.0B | $2.3B |
| Dec 2025 | $6.3B | $5.5B | $800.6M |
| Nov 2025 | $5.4B | $5.1B | $278.3M |
| Oct 2025 | $5.3B | $4.0B | $1.3B |
| Sep 2025 | $5.6B | $4.5B | $1.1B |
| Aug 2025 | $2.3B | $2.3B | $8.0M |
| Jul 2025 | $2.2B | $2.7B | −$502.0M |
SMH Assets Under Management
Net assets of VanEck Semiconductor ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $77.20B |
| 2026-03-31 | $40.98B |
| 2025-12-31 | $37.27B |
| 2025-09-30 | $31.55B |
| 2025-06-30 | $26.36B |
| 2025-03-31 | $19.09B |
| 2024-12-31 | $23.26B |
| 2024-09-30 | $23.89B |
| 2024-06-30 | $22.94B |
| 2024-03-31 | $18.41B |
| 2023-12-31 | $11.72B |
| 2023-09-30 | $9.42B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.