BAIvsSMHETF Comparison
VS
iShares A.I. Innovation and Tech Active ETF (BAI) belongs to the Multiple Trends segment. VanEck Semiconductor ETF (SMH) is part of the US Info. Technology segment. BAI's top 3 sector exposures are Technology, Non-Energy Materials and Industrials. In contrast, SMH's top sector exposures are Technology, BAI is more expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.35% for SMH. BAI is up 22.96% year-to-date (YTD) with +$2.30B in YTD flows. SMH performs better with 49.58% YTD performance, and +$10.48B in YTD flows. Run a side-by-side ETF comparison of BAI and SMH below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BAI vs SMH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BAI SMH | -22.26%-17.95% | -4.78%+6.32% | +22.96%+49.58% | +34.60%+82.42% | n/a+240.00% | n/a+321.63% |
| Flows | BAI SMH | +$359M+$5.40B | -$179M+$4.82B | +$2.30B+$10.48B | +$7.95B+$14.09B | -+$20.06B | -+$23.39B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BAI SMH | +61.90%+55.99% | +42.28%+39.02% | n/a+37.12% | n/a+36.78% |
| Max drawdown | BAI SMH | -31.04%-24.68% | -31.04%-24.68% | n/a-35.84% | n/a-45.33% |
| Max drawdown duration | BAI SMH | 38d38d | 38d38d | n/a356d | n/a562d |
Trading data
BAI | SMH | |
Last sale 7/31/2026 at 1:30 PM | $41.34 | $540.53 |
| Previous close 07/30/2026 | $41.08 | $538.90 |
| Consolidated volume 07/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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BAI
is actively managed and doesn’t replicate an indexBAI | SMH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
BAI | SMH | |
|---|---|---|
| Last price | $41.34 | $540.53 |
| 1D performance | +0.63% | +0.30% |
| AuM | $12.61 B | $67.68 B |
| E/R | 0.65% | 0.35% |
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Exposure
Countries
BAI
USA
61.15%
Taiwan
17.92%
Republic of Korea
8.7%
Other
12.24%
SMH
USA
82.19%
Taiwan
9.2%
Other
8.6%
Sectors
BAI
Technology
87.19%
Other
12.81%
SMH
Technology
100%
Other
-0%
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Diversification
BAI
Total weight of top 15 holdings out of 15
61.35%
SMH
Total weight of top 15 holdings out of 15
88.9%
Top 15 holdings
Data as of June 30, 2026
BAI
SK hynix, Inc.
8.01%
Micron Technology, Inc.
6.62%
Lam Research Corp.
5.18%
Advanced Micro Devices, Inc.
5.07%
Taiwan Semiconductor Manufacturing Co., Ltd.
4.54%
Broadcom Inc.
3.90%
NVIDIA Corp.
3.84%
Sandisk Corp.
3.34%
Intel Corp.
3.27%
Western Digital Corp.
3.20%
Elite Material Co., Ltd.
3.00%
Tower Semiconductor Ltd.
3.00%
Alphabet, Inc.
2.96%
US84615Q1031
2.92%
Lumentum Holdings, Inc.
2.50%
SMH
NVIDIA Corp.
17.74%
Taiwan Semiconductor Manufacturing Co., Ltd.
9.20%
Micron Technology, Inc.
5.85%
Applied Materials, Inc.
5.73%
Advanced Micro Devices, Inc.
5.44%
Broadcom Inc.
5.41%
KLA Corp.
5.35%
Lam Research Corp.
5.24%
Intel Corp.
5.05%
ASML Holding NV
4.95%
Marvell Technology, Inc.
4.51%
Texas Instruments Incorporated
4.15%
Analog Devices, Inc.
4.09%
QUALCOMM, Inc.
3.97%
Cadence Design Systems, Inc.
2.22%
Frequently asked questions about BAI and SMH
How have the BAI and SMH ETFs performed in 2026?
As of July 30, 2026, BAI is up 22.96% year-to-date (YTD), while SMH has returned 49.58%. That puts SMH better performer ahead so far this year.
Which ETF is attracting more investor money: BAI or SMH?
Year-to-date, the BAI ETF saw +$2.30B in flows, compared to +$10.48B for SMH.
Which ETF is more volatile: BAI or SMH?
Over the past year, BAI had a volatility of 42.28%, while SMH experienced 39.02%.
Which ETF is bigger: BAI or SMH?
As of July 30, 2026, BAI holds $12.61 B in assets under management (AUM), while SMH manages $67.68 B.
What sectors do the BAI and SMH ETFs invest in?
BAI leans toward sectors like Technology. Meanwhile, SMH focuses on Technology.
What are the top holdings of the BAI ETF and SMH ETF?
BAI top holdings include SK hynix, Inc., Micron Technology, Inc. and Lam Research Corp.. SMH holds in its top three: NVIDIA Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Micron Technology, Inc..
Which ETF is more diversified: BAI or SMH?
BAI holds 42 securities with 61.35% of its assets in the top 15. SMH has 25 securities and a top 15 weight of 88.9%.
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Latest news about BAI & SMH
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December 11, 2024
SMH
ETF Comparison: VanEck Semiconductor ETF (SMH) Versus iShares Semiconductor ETF (SOXX)
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SMH
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August 5, 2024
SMH
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