BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

LRNZvsSMHXETF Comparison

ETF 1

LRNZ

TrueShares Technology, AI & Deep Learning ETF

This fund is part of

AI & Big Data

-1.07%

Full LRNZ fund page

VS

ETF 2

SMHX

VanEck Fabless Semiconductor ETF

This fund is part of

US Info. Technology

-2.04%

Full SMHX fund page

TrueShares Technology, AI & Deep Learning ETF (LRNZ) belongs to the AI & Big Data segment. VanEck Fabless Semiconductor ETF (SMHX) is part of the US Info. Technology segment. LRNZ's top 3 sector exposures are Technology, Healthcare and Non-Corporate. In contrast, SMHX's top sector exposures are Technology. LRNZ is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.35% for SMHX. LRNZ is up 31.16% year-to-date (YTD) with -$3M in YTD flows. SMHX performs better with 45.01% YTD performance, and +$10M in YTD flows. Run a side-by-side ETF comparison of LRNZ and SMHX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

LRNZ vs SMHX performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 08/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	LRNZ SMHX	+11.13%+3.96%	+7.32%-11.98%	+31.16%+45.01%	+38.46%+51.65%	+111.67%n/a	+26.31%n/a
Flows	LRNZ SMHX	-$609K-$3M	-$1M+$14M	-$3M+$10M	-$6M+$56M	-$16M-	+$3M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	LRNZ SMHX	+39.16%+53.79%	+32.50%+40.50%	+31.23%n/a	+37.75%n/a
Max drawdown	LRNZ SMHX	-13.78%-24.92%	-26.94%-24.92%	-32.96%n/a	-61.38%n/a
Max drawdown duration	LRNZ SMHX	42d86d	197d86d	156dn/a	1655dn/a

Trading data

Create an account to view trading data

Join for free

	LRNZ	SMHX
Last sale 8/31/2026 at 6:46 PM		$55.29
Previous close 08/28/2026		$55.16
Consolidated volume 08/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of July 31, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

LRNZ

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

	LRNZ	SMHX
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 8/31/2026 at 6:46 PM

Live

Closed

	LRNZ	SMHX
Last price	–	$55.29
1D performance	–	+0.23%
AuM	$40.00 M	$248.08 M
E/R	0.69%	0.35%

Characteristics

	LRNZ	SMHX
Management strategy	Active	Passive
Provider	TrueShares	VanEck
Benchmark	-	MVIS US Listed Fabless Semiconductor Index
N° of holdings	26	22
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	February 28, 2020	August 28, 2024
ESG	No	No

More LRNZ data on Trackinsight

More SMHX data on Trackinsight

Exposure

Countries

LRNZ

USA

94.82%

Other

5.18%

SMHX

USA

92.7%

Other

7.3%

Sectors

LRNZ

Technology

76.6%

Healthcare

20.03%

Other

3.37%

SMHX

Technology

99.89%

Other

0.11%

Diversification

LRNZ

Total weight of top 15 holdings out of 15

72.26%

SMHX

Total weight of top 15 holdings out of 15

90.08%

Top 15 holdings

Data as of July 31, 2026

LRNZ

Cloudflare, Inc.

6.92%

CrowdStrike Holdings, Inc.

5.65%

Natera, Inc.

5.61%

Snowflake, Inc.

5.50%

Guardant Health, Inc.

5.26%

Datadog, Inc.

4.95%

Palo Alto Networks, Inc.

4.76%

Broadcom Inc.

4.46%

MongoDB, Inc.

4.36%

Monolithic Power Systems, Inc.

4.31%

Samsara, Inc.

4.28%

Structure Therapeutics, Inc.

4.20%

Alphabet, Inc.

4.11%

NVIDIA Corp.

3.98%

Advanced Micro Devices, Inc.

3.89%

SMHX

NVIDIA Corp.

21.57%

Broadcom Inc.

16.87%

Advanced Micro Devices, Inc.

5.68%

Monolithic Power Systems, Inc.

4.73%

Astera Labs, Inc.

4.56%

Cadence Design Systems, Inc.

4.31%

QUALCOMM, Inc.

4.19%

Synopsys, Inc.

4.12%

Marvell Technology, Inc.

4.00%

Lattice Semiconductor Corp.

3.88%

Arm Holdings Plc

3.81%

Silicon Motion Technology Corp.

3.39%

SiTime Corp.

3.15%

Rambus, Inc.

2.97%

Semtech Corp.

2.83%

Frequently asked questions about LRNZ and SMHX

How have the LRNZ and SMHX ETFs performed in 2026?

As of August 28, 2026, LRNZ is up 31.16% year-to-date (YTD), while SMHX has returned 45.01%. That puts SMHX better performer ahead so far this year.

Which ETF is attracting more investor money: LRNZ or SMHX?

Year-to-date, the LRNZ ETF saw -$3M in flows, compared to +$10M for SMHX.

Which ETF is more volatile: LRNZ or SMHX?

Over the past year, LRNZ had a volatility of 32.5%, while SMHX experienced 40.5%.

Which ETF is bigger: LRNZ or SMHX?

As of August 28, 2026, LRNZ holds $40.00 M in assets under management (AUM), while SMHX manages $248.08 M.

What sectors do the LRNZ and SMHX ETFs invest in?

LRNZ leans toward sectors like Technology and Healthcare. Meanwhile, SMHX focuses on Technology.

What are the top holdings of the LRNZ ETF and SMHX ETF?

LRNZ top holdings include Cloudflare, Inc., CrowdStrike Holdings, Inc. and Natera, Inc.. SMHX holds in its top three: NVIDIA Corp., Broadcom Inc. and Advanced Micro Devices, Inc..

LRNZvsSMHXETF Comparison

TrueShares Technology, AI & Deep Learning ETF

VanEck Fabless Semiconductor ETF

LRNZ vs SMHX performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the LRNZ and SMHX ETFs performed in 2026?

As of August 28, 2026, LRNZ is up 31.16% year-to-date (YTD), while SMHX has returned 45.01%. That puts SMHX better performer ahead so far this year.

Which ETF is attracting more investor money: LRNZ or SMHX?

Year-to-date, the LRNZ ETF saw -$3M in flows, compared to +$10M for SMHX.

Which ETF is more volatile: LRNZ or SMHX?

Over the past year, LRNZ had a volatility of 32.5%, while SMHX experienced 40.5%.

Which ETF is bigger: LRNZ or SMHX?

As of August 28, 2026, LRNZ holds $40.00 M in assets under management (AUM), while SMHX manages $248.08 M.

What sectors do the LRNZ and SMHX ETFs invest in?

LRNZ leans toward sectors like Technology and Healthcare. Meanwhile, SMHX focuses on Technology.

What are the top holdings of the LRNZ ETF and SMHX ETF?

LRNZ top holdings include Cloudflare, Inc., CrowdStrike Holdings, Inc. and Natera, Inc.. SMHX holds in its top three: NVIDIA Corp., Broadcom Inc. and Advanced Micro Devices, Inc..

Which ETF is more diversified: LRNZ or SMHX?

LRNZ holds 26 securities with 72.26% of its assets in the top 15. SMHX has 22 securities and a top 15 weight of 90.08%.

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up