Question 1

What is SMH?

Accepted Answer

SMH — VanEck Semiconductor ETF — is a Canadian-listed ETF trading on the NASDAQ. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor industry. Such companies may include medium-capitalization companies and foreign companies that are listed on a U.S. exchange. The fund is non-diversified.

Question 2

What is the SMH ETF price today?

Accepted Answer

SMH last traded at $556.70 CAD on the NASDAQ. See the price chart above for recent performance.

Question 3

What is the SMH MER (management expense ratio)?

Accepted Answer

SMH has a management expense ratio (MER) of 0.35% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time.

Question 4

What are SMH annualised returns?

Accepted Answer

SMH historical returns: YTD: -10.78%, 1-year: +57.67%, 3-year annualised: +55.54%, 5-year annualised: +33.13%, 10-year annualised: +34.87%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.58, which measures risk-adjusted return.

Question 5

Does SMH pay dividends or distributions?

Accepted Answer

Yes, SMH distributes income to unitholders. The current distribution yield is approximately 0.17%, paid na. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does SMH invest in?

Accepted Answer

SMH's top holdings include NVIDIA Corporation (NVDA, 21.1%), Taiwan Semiconductor Manufacturing (TSM, 9.5%), Broadcom Inc (AVGO, 5.7%), Advanced Micro Devices Inc (AMD, 5.7%), Texas Instruments Incorporated (TXN, 4.9%) — and 20 more positions. See the full Top 10 Holdings table above for a complete breakdown.

Question 7

What sectors does SMH invest in?

Accepted Answer

SMH's largest sector exposures are Technology (100.0%), Energy (0.0%), Utilities (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is SMH? (Assets under management)

Accepted Answer

SMH has approximately $66.72B in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was SMH launched?

Accepted Answer

SMH was launched on December 20, 2011, giving it a 15-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy SMH in Canada?

Accepted Answer

SMH trades on the NASDAQ under the ticker SMH. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is SMH?

Accepted Answer

SMH has a 1-year volatility of 43.73% and a beta of 2.00 (more volatile than the broad market). Its 3-year Sharpe ratio of 1.58 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-21	$556.34	$559.19	$549.52	$556.70	$556.70	7,735,399
2026-10-20	$541.85	$553.83	$536.23	$546.36	$546.36	7,509,896
2026-10-19	$556.73	$558.56	$547.44	$548.46	$548.46	8,178,700
2026-10-16	$551.28	$554.68	$539.07	$539.79	$539.79	18,358,814
2026-10-15	$545.84	$560.63	$540.59	$558.84	$558.84	15,089,967
2026-10-14	$576.49	$580.08	$563.12	$564.74	$564.74	11,937,209
2026-10-13	$578.01	$588.68	$574.75	$588.12	$588.12	8,033,108
2026-10-12	$598.45	$598.45	$589.22	$590.99	$590.99	6,260,160
2026-10-09	$615.14	$615.54	$601.38	$603.33	$603.33	5,517,915
2026-10-08	$615.70	$623.13	$600.32	$607.27	$607.27	11,203,464

#	Ticker	Name	Weight
1	NVDA	NVIDIA Corporation	21.10%
2	TSM	Taiwan Semiconductor Manufacturing	9.52%
3	AVGO	Broadcom Inc	5.74%
4	AMD	Advanced Micro Devices Inc	5.67%
5	TXN	Texas Instruments Incorporated	4.89%
6	MU	Micron Technology Inc	4.46%
7	ASML	ASML Holding N.V. New York Registry Shares	4.45%
8	ADI	Analog Devices Inc	4.45%
9	MRVL	Marvell Technology Group Ltd	4.32%
10	KLAC	KLA Corporation	4.18%

Sector	Weight
Technology	100.00%
Energy	0.00%
Utilities	0.00%
Healthcare	0.00%
Industrials	0.00%
Real Estate	0.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Consumer Defensive	0.00%
Financial Services	0.00%
Communication Services	0.00%

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VanEck Semiconductor ETF (SMH : NASDAQ)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About VanEck Semiconductor ETF

ETF Details

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Frequently Asked Questions — SMH