VanEck Fabless Semiconductor ETF (SMHX) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 1.86: the stock has moved about 86% more than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerVanEck Fabless Semiconductor ETF (SMHX) trades at $64.78. VanEck Fabless Semiconductor ETF aims to replicate the performance of the MarketVector US Listed Fabless Semiconductor Index. Sector: Financials.
Price as of · Last analyzed: Mar 17, 2026Analyst Coverage for SMHX: SMHX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
VanEck Fabless Semiconductor ETF (SMHX) Financial Services Profile
VanEck Fabless Semiconductor ETF (SMHX) offers investors targeted exposure to the fabless semiconductor industry, tracking the MarketVector US Listed Fabless Semiconductor Index. With a focus on companies that design and market semiconductors but outsource manufacturing, SMHX provides a concentrated investment vehicle within the broader technology sector, carrying a beta of 1.86.
What Is the Investment Thesis for SMHX?
VanEck Fabless Semiconductor ETF (SMHX) presents a focused investment opportunity within the semiconductor industry, specifically targeting fabless companies. The fund's value proposition lies in its ability to track the MarketVector US Listed Fabless Semiconductor Index, providing investors with exposure to companies that design and market semiconductors. The increasing demand for semiconductors, driven by advancements in artificial intelligence, 5G technology, and electric vehicles, serves as a key growth catalyst for the fund. However, investors may want to evaluate the fund's beta of 1.86, indicating higher volatility compared to the broader market. The fund's performance is closely tied to the performance of the fabless semiconductor industry, making it susceptible to industry-specific risks such as technological obsolescence and supply chain disruptions. Despite these risks, SMHX offers a targeted investment vehicle for those seeking to capitalize on the growth potential of the fabless semiconductor sector.
Based on FMP financials and quantitative analysis
SMHX Key Highlights
Market capitalization of $0.16 billion, indicating a relatively small size within the ETF market.
- Tracks the MarketVector US Listed Fabless Semiconductor Index, providing targeted exposure to fabless semiconductor companies.
- Beta of 1.86, suggesting higher volatility compared to the overall market.
- No dividend yield, as the fund focuses on capital appreciation rather than income generation.
- Managed by VanEck, a well-established asset management firm with experience in specialized investment products.
Who Are SMHX's Competitors?
SMHX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| APRW AllianzIM U.S. Equity Buffer20 Apr ETF | $38.01 | -0.07% | $202M | — |
| BCHP Principal Focused Blue Chip ETF | $38.41 | -0.18% | $221M | — |
| CURE Direxion Daily Healthcare Bull 3X ETF | $129.79 | +3.13% | $179M | — |
| HAP VanEck Natural Resources ETF | $73.25 | -1.59% | $217M | — |
| HFGO Hartford Large Cap Growth ETF | $31.17 | -0.18% | $183M | — |
| BLK BlackRock, Inc. | $1069.63 | -0.91% | $166B | 52 5-pillar |
| BX Blackstone Inc. | $111.80 | -1.38% | $135B | 69 5-pillar |
| APOS Apollo Global Management, Inc. | $25.43 | -0.66% | $74.6B | 56 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SMHX's Key Strengths?
Targeted exposure to the fabless semiconductor industry.
- Transparent and rules-based investment approach.
- Managed by a well-established asset management firm.
- Potential for high growth due to increasing demand for semiconductors.
What Are SMHX's Weaknesses?
Relatively small market capitalization.
- High beta, indicating higher volatility.
- Concentrated investment focus, making it susceptible to industry-specific risks.
- No dividend yield.
What Are the Key Risks for SMHX?
Technological obsolescence in the semiconductor industry.
- Supply chain disruptions affecting semiconductor production.
- High beta, indicating higher volatility.
- Economic downturn impacting demand for semiconductors.
- Concentrated investment focus, making it susceptible to industry-specific risks.
What Are SMHX's Competitive Advantages?
- Specialized Focus: The fund's focus on fabless semiconductor companies provides a differentiated investment offering.
- Index Tracking: The fund's strategy of tracking the MarketVector US Listed Fabless Semiconductor Index offers a transparent and rules-based approach.
- Established Manager: The fund is managed by VanEck, a well-established asset management firm with a track record of providing specialized investment products.
What Does SMHX Do?
VanEck Fabless Semiconductor ETF (SMHX) is designed to mirror the price and yield performance of the MarketVector US Listed Fabless Semiconductor Index. This index focuses on companies that operate as fabless semiconductor businesses, meaning they specialize in the design and marketing of semiconductor products but outsource the actual manufacturing process to dedicated foundries. The ETF provides investors with a focused approach to investing in the semiconductor industry, specifically targeting those companies that are at the forefront of innovation and design. The fund's investment strategy involves holding a portfolio of stocks that closely replicates the composition of the Fabless Index. By tracking this index, SMHX offers a transparent and rules-based approach to investing in the fabless semiconductor sector. The ETF is managed by VanEck, a well-established asset management firm with a history of providing specialized investment products. The fund's objective is to provide investors with a convenient and cost-effective way to gain exposure to the growth potential of the fabless semiconductor industry, which is driven by increasing demand for advanced chips in various applications such as smartphones, data centers, and automotive electronics. As of 2026-03-17, the fund has a market capitalization of $0.16 billion. SMHX allows investors to participate in the potential growth of the semiconductor industry without directly investing in individual companies. The fund's diversification across multiple fabless semiconductor companies helps to mitigate some of the risks associated with investing in a single company within this sector.
What Products and Services Does SMHX Offer?
- Tracks the performance of the MarketVector US Listed Fabless Semiconductor Index.
- Provides investors with exposure to companies involved in semiconductor production and classified as fabless.
- Invests in a portfolio of stocks that closely replicates the composition of the Fabless Index.
- Offers a transparent and rules-based approach to investing in the fabless semiconductor sector.
- Allows investors to participate in the potential growth of the semiconductor industry without directly investing in individual companies.
- Diversifies investments across multiple fabless semiconductor companies to mitigate risk.
How Does SMHX Make Money?
- The fund generates revenue through management fees charged to investors.
- The management fee is a percentage of the fund's assets under management (AUM).
- The fund's performance is tied to the performance of the MarketVector US Listed Fabless Semiconductor Index.
What Industry Does SMHX Operate In?
VanEck Fabless Semiconductor ETF operates within the asset management industry, specifically focusing on providing investors with exposure to the fabless semiconductor sector. The semiconductor industry is experiencing rapid growth, driven by increasing demand for advanced chips in various applications such as smartphones, data centers, and automotive electronics. The competitive landscape includes other ETFs and investment funds that offer exposure to the broader technology sector or the semiconductor industry as a whole. SMHX differentiates itself by focusing specifically on fabless semiconductor companies, which are at the forefront of innovation and design. Competitors include APRW, BCHP, CURE, HAP, and HFGO.
Who Are SMHX's Key Customers?
- Institutional investors seeking exposure to the fabless semiconductor industry.
- Retail investors interested in investing in the technology sector.
- Financial advisors looking for specialized investment products for their clients.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is an etf, not an operating company
SMHX Financials
Bull Case vs Bear Case
Bull Case
- Targeted exposure to the fabless semiconductor industry.
- Transparent and rules-based investment approach.
- Managed by a well-established asset management firm.
- Potential for high growth due to increasing demand for semiconductors.
Bear Case
- Relatively small market capitalization.
- High beta, indicating higher volatility.
- Concentrated investment focus, making it susceptible to industry-specific risks.
- No dividend yield.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
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SMHX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for SMHX.
Price Targets
Wall Street price target analysis for SMHX.
SMHX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for SMHX; grades run from A+ (80-100) to F (below 30).
Common Questions About SMHX (Financials)
How does VanEck Fabless Semiconductor ETF generate revenue in the financial services sector?
VanEck Fabless Semiconductor ETF generates revenue primarily through management fees. These fees are calculated as a percentage of the fund's total assets under management (AUM). The fund charges this fee to cover the costs associated with managing the fund, including research, trading, and administrative expenses. The more assets the fund manages, the higher the revenue generated through management fees.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The fund's performance is subject to market risk and industry-specific factors.
- The information provided is based on available data and should not be considered investment advice.