JHAIvsSMHETF Comparison
VS
Janus Henderson Global Artificial Intelligence ETF (JHAI) belongs to the AI & Big Data segment. VanEck Semiconductor ETF (SMH) is part of the US Info. Technology segment. JHAI's top 3 sector exposures are Technology, Industrials and Consumer Non-Cyclicals. In contrast, SMH's top sector exposures are Technology. JHAI is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.35% for SMH. JHAI is up 16.24% year-to-date (YTD) with +$10M in YTD flows. SMH performs better with 46.38% YTD performance, and +$10.45B in YTD flows. Run a side-by-side ETF comparison of JHAI 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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JHAI vs SMH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JHAI SMH | -10.94%-12.29% | -6.34%-9.17% | +16.24%+46.38% | +17.68%+53.21% | n/a+274.66% | n/a+304.68% |
| Flows | JHAI SMH | +$897K+$2.43B | +$5M+$2.55B | +$10M+$10.45B | +$12M+$11.83B | -+$20.30B | -+$22.97B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JHAI SMH | +32.86%+38.36% | +31.57%+40.38% | n/a+37.68% | n/a+37.27% |
| Max drawdown | JHAI SMH | -14.27%-17.49% | -19.34%-24.68% | n/a-35.84% | n/a-45.33% |
| Max drawdown duration | JHAI SMH | 16d18d | 97d123d | n/a356d | n/a562d |
Trading data
JHAI | SMH | |
Last sale 10/23/2026 at 1:30 PM | $31.70 | $527.20 |
| Previous close 10/22/2026 | $31.59 | $523.35 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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JHAI
is actively managed and doesn’t replicate an indexJHAI | 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 10/23/2026 at 1:30 PM
Live
Closed
JHAI | SMH | |
|---|---|---|
| Last price | $31.70 | $527.20 |
| 1D performance | +0.34% | +0.74% |
| AuM | $27.65 M | $66.60 B |
| E/R | 0.59% | 0.35% |
Characteristics
JHAI | SMH | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Janus Henderson Investors | VanEck |
| Benchmark | - | MVIS US Listed Semiconductor 25 Index |
| N° of holdings | 46 | 25 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 20, 2025 | December 20, 2011 |
| ESG | No | No |
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Exposure
Countries
JHAI
USA
70.52%
Taiwan
14.89%
Other
14.59%
SMH
USA
82.24%
Taiwan
9.66%
Other
8.1%
Sectors
JHAI
Technology
80.92%
Industrials
7.96%
Other
11.12%
SMH
Technology
100%
Other
0%
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Diversification
JHAI
Total weight of top 15 holdings out of 15
74.82%
SMH
Total weight of top 15 holdings out of 15
89.8%
Top 15 holdings
Data as of August 31, 2026
JHAI
Taiwan Semiconductor Manufacturing Co., Ltd.
14.89%
NVIDIA Corp.
13.89%
Microsoft Corp.
5.82%
Micron Technology, Inc.
5.22%
Broadcom Inc.
4.81%
Lam Research Corp.
4.11%
ASML Holding NV
3.85%
Amazon.com, Inc.
3.69%
Nebius Group NV
3.09%
Advanced Micro Devices, Inc.
3.02%
KLA Corp.
2.62%
Lumentum Holdings, Inc.
2.60%
Snowflake, Inc.
2.55%
Alphabet, Inc.
2.37%
Deere & Co.
2.28%
SMH
NVIDIA Corp.
22.64%
Taiwan Semiconductor Manufacturing Co., Ltd.
9.66%
Broadcom Inc.
6.13%
Micron Technology, Inc.
5.45%
Advanced Micro Devices, Inc.
5.37%
ASML Holding NV
5.10%
Lam Research Corp.
4.40%
Applied Materials, Inc.
4.36%
Analog Devices, Inc.
4.32%
Texas Instruments Incorporated
4.30%
Marvell Technology, Inc.
4.02%
QUALCOMM, Inc.
3.95%
Intel Corp.
3.92%
KLA Corp.
3.86%
Cadence Design Systems, Inc.
2.31%
Frequently asked questions about JHAI and SMH
How have the JHAI and SMH ETFs performed in 2026?
As of October 22, 2026, JHAI is up 16.24% year-to-date (YTD), while SMH has returned 46.38%. That puts SMH better performer ahead so far this year.
Which ETF is attracting more investor money: JHAI or SMH?
Year-to-date, the JHAI ETF saw +$10M in flows, compared to +$10.45B for SMH.
Which ETF is more volatile: JHAI or SMH?
Over the past year, JHAI had a volatility of 31.57%, while SMH experienced 40.38%.
Which ETF is bigger: JHAI or SMH?
As of October 22, 2026, JHAI holds $27.65 M in assets under management (AUM), while SMH manages $66.60 B.
What sectors do the JHAI and SMH ETFs invest in?
JHAI leans toward sectors like Technology and Industrials. Meanwhile, SMH focuses on Technology.
What are the top holdings of the JHAI ETF and SMH ETF?
JHAI top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., NVIDIA Corp. and Microsoft Corp.. SMH holds in its top three: NVIDIA Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Broadcom Inc..
Which ETF is more diversified: JHAI or SMH?
JHAI holds 46 securities with 74.82% of its assets in the top 15. SMH has 25 securities and a top 15 weight of 89.8%.
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Latest news about JHAI & SMH
The Weekly ETF Market Monitor (August 24-28, 2026)
August 31, 2026
SMH
The Weekly ETF Market Monitor (August 17-21, 2026)
August 24, 2026
SMH
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Chinese Artificial Intelligence (AI) DeepSeek: ETF Winners & Losers
January 27, 2025
SMH
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