SMHvsIGPTETF Comparison
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VanEck Semiconductor ETF (SMH) belongs to the US Info. Technology segment. Invesco AI and Next Gen Software ETF (IGPT) is part of the Uncategorized Equities segment. SMH's top 1 sector exposures are Technology. In contrast, IGPT's top sector exposures are Technology, Industrials and Finance. SMH is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.57% for IGPT. SMH is up 57.51% year-to-date (YTD) with +$8.18B in YTD flows. IGPT performs better with 59.22% YTD performance, and +$214M in YTD flows. Run a side-by-side ETF comparison of SMH and IGPT 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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SMH vs IGPT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMH IGPT | -1.44%+1.30% | -9.63%-5.67% | +57.51%+59.22% | +96.19%+85.68% | +267.15%+176.20% | +328.85%+91.85% |
| Flows | SMH IGPT | -$1.40B+$60M | +$2.56B+$100M | +$8.18B+$214M | +$11.06B+$252M | +$17.87B+$491M | +$20.92B+$301M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMH IGPT | +53.36%+50.04% | +39.63%+35.89% | +37.23%+29.47% | +37.00%+29.18% |
| Max drawdown | SMH IGPT | -24.68%-24.25% | -24.68%-24.25% | -35.84%-29.38% | -45.33%-42.18% |
| Max drawdown duration | SMH IGPT | 74d74d | 74d74d | 356d370d | 562d1036d |
Trading data
SMH | IGPT | |
Last sale 9/8/2026 at 5:41 PM | $575.54 | $97.03 |
| Previous close 09/04/2026 | $567.01 | $95.21 |
| Consolidated volume 09/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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SMH | IGPT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/8/2026 at 5:41 PM
Live
Closed
SMH | IGPT | |
|---|---|---|
| Last price | $575.54 | $97.03 |
| 1D performance | +1.50% | +1.91% |
| AuM | $69.00 B | $1.25 B |
| E/R | 0.35% | 0.57% |
Characteristics
SMH | IGPT | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Invesco |
| Benchmark | MVIS US Listed Semiconductor 25 Index | STOXX World AC NexGen Software Development |
| N° of holdings | 25 | 100 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 20, 2011 | June 23, 2005 |
| ESG | No | No |
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Exposure
Countries
SMH
USA
82.05%
Taiwan
9.58%
Other
8.37%
IGPT
USA
80.41%
Other
19.59%
Sectors
SMH
Technology
100%
Other
0%
IGPT
Technology
88.31%
Other
11.69%
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Diversification
SMH
Total weight of top 15 holdings out of 15
89.44%
IGPT
Total weight of top 15 holdings out of 15
70.66%
Top 15 holdings
Data as of July 31, 2026
SMH
NVIDIA Corp.
20.84%
Taiwan Semiconductor Manufacturing Co., Ltd.
9.58%
Broadcom Inc.
6.62%
Advanced Micro Devices, Inc.
5.74%
Micron Technology, Inc.
5.25%
ASML Holding NV
5.10%
Applied Materials, Inc.
4.86%
Texas Instruments Incorporated
4.76%
Analog Devices, Inc.
4.50%
Lam Research Corp.
4.46%
Intel Corp.
4.10%
KLA Corp.
4.07%
QUALCOMM, Inc.
3.74%
Marvell Technology, Inc.
3.50%
Cadence Design Systems, Inc.
2.32%
IGPT
Meta Platforms, Inc.
9.74%
Alphabet, Inc.
8.90%
NVIDIA Corp.
8.77%
Advanced Micro Devices, Inc.
8.31%
Micron Technology, Inc.
7.01%
Intel Corp.
3.72%
SK hynix, Inc.
3.64%
Seagate Technology Holdings Plc
3.10%
Western Digital Corp.
2.88%
MediaTek, Inc.
2.81%
Sandisk Corp.
2.72%
Marvell Technology, Inc.
2.58%
QUALCOMM, Inc.
2.32%
Intuitive Surgical, Inc.
2.26%
Adobe, Inc.
1.92%
Frequently asked questions about SMH and IGPT
How have the SMH and IGPT ETFs performed in 2026?
As of September 4, 2026, SMH is up 57.51% year-to-date (YTD), while IGPT has returned 59.22%. That puts IGPT better performer ahead so far this year.
Which ETF is attracting more investor money: SMH or IGPT?
Year-to-date, the SMH ETF saw +$8.18B in flows, compared to +$214M for IGPT.
Which ETF is more volatile: SMH or IGPT?
Over the past year, SMH had a volatility of 39.63%, while IGPT experienced 35.89%.
Which ETF is bigger: SMH or IGPT?
As of September 4, 2026, SMH holds $69.00 B in assets under management (AUM), while IGPT manages $1.25 B.
What sectors do the SMH and IGPT ETFs invest in?
SMH leans toward sectors like Technology. Meanwhile, IGPT focuses on Technology.
What are the top holdings of the SMH ETF and IGPT ETF?
SMH top holdings include NVIDIA Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Broadcom Inc.. IGPT holds in its top three: Meta Platforms, Inc., Alphabet, Inc. and NVIDIA Corp..
Which ETF is more diversified: SMH or IGPT?
SMH holds 25 securities with 89.44% of its assets in the top 15. IGPT has 100 securities and a top 15 weight of 70.66%.
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Latest news about SMH & IGPT
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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