SMHvsPSIETF Comparison
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VanEck Semiconductor ETF (SMH) and Invesco Semiconductors ETF (PSI) belong to the same industry segment: US Info. Technology. Both ETFs have the same top 3 sector exposures: and Information Technology. SMH is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.56% for PSI. SMH is up 60.08% year-to-date (YTD) with +$5.61B in YTD flows. PSI performs better with 94.89% YTD performance, and +$484M in YTD flows. Run a side-by-side ETF comparison of SMH and PSI 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 PSI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMH PSI | +20.81%+23.89% | +39.61%+53.72% | +60.08%+94.89% | +140.17%+197.69% | +338.48%+287.37% | +387.96%+286.80% |
| Flows | SMH PSI | +$215M+$257M | +$2.18B+$395M | +$5.61B+$484M | +$9.83B+$530M | +$15.63B+$429M | +$18.23B+$463M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMH PSI | +38.12%+47.67% | +30.65%+37.27% | +34.98%+38.23% | +35.17%+37.63% |
| Max drawdown | SMH PSI | -14.91%-15.54% | -14.91%-15.54% | -35.84%-41.00% | -45.33%-44.86% |
| Max drawdown duration | SMH PSI | 42d41d | 42d41d | 356d421d | 562d750d |
Trading data
SMH | PSI | |
Last sale 5/22/2026 at 1:30 PM | $576.32 | $153.75 |
| Previous close 05/21/2026 | $567.88 | $150.72 |
| Consolidated volume 05/21/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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SMH | PSI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/22/2026 at 1:30 PM
Live
Closed
SMH | PSI | |
|---|---|---|
| Last price | $576.32 | $153.75 |
| 1D performance | +1.49% | +2.01% |
| AuM | $66.86 B | $2.53 B |
| E/R | 0.35% | 0.56% |
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Exposure
Countries
SMH
USA
98.75%
Other
1.25%
PSI
USA
93.19%
Other
6.81%
Sectors
SMH
Information Techn.
76.7%
Other
23.3%
PSI
Information Techn.
95.3%
Other
4.7%
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Diversification
SMH
Total weight of top 15 holdings out of 15
90.16%
PSI
Total weight of top 15 holdings out of 15
60.99%
Top 15 holdings
Data as of March 31, 2026
SMH
NVIDIA
19.70%
US8740391003
11.70%
BROADCOM LIMITED
7.80%
USN070592100
5.02%
ADVANCED MICRO DEVICES
4.78%
ANALOG DEVICES
4.74%
KLA CORPORATION
4.71%
TEXAS INSTRUMENTS
4.69%
APPLIED MATERIAL
4.60%
US5128073062
4.56%
INTEL-T
4.29%
MICRON TECHNOLOGY
4.26%
QUALCOMM
4.26%
SYNOPSYS
2.55%
CADENCE DESIGN SYSTEMS
2.50%
PSI
KLA CORPORATION
5.20%
ADVANCED MICRO DEVICES
5.13%
BROADCOM LIMITED
5.01%
APPLIED MATERIAL
4.84%
TEXAS INSTRUMENTS
4.84%
NVIDIA
4.71%
US5128073062
4.70%
MICRON TECHNOLOGY
4.64%
TOWER SEMICONDUCTOR
4.04%
NLIGHT INC
3.30%
PHOTRONICS
3.09%
CIRRUS LOGIC
2.93%
DIODES
2.91%
FORMFACTOR
2.88%
CAMTEK
2.77%
Frequently asked questions about SMH and PSI
How have the SMH and PSI ETFs performed in 2026?
As of May 22, 2026, SMH is up 60.08% year-to-date (YTD), while PSI has returned 94.89%. That puts PSI better performer ahead so far this year.
Which ETF is attracting more investor money: SMH or PSI?
Year-to-date, the SMH ETF saw +$5.61B in flows, compared to +$484M for PSI.
Which ETF is more volatile: SMH or PSI?
Over the past year, SMH had a volatility of 30.65%, while PSI experienced 37.27%.
Which ETF is bigger: SMH or PSI?
As of May 22, 2026, SMH holds $66.86 B in assets under management (AUM), while PSI manages $2.53 B.
What sectors do the SMH and PSI ETFs invest in?
SMH leans toward sectors like Information Technology. Meanwhile, PSI focuses on Information Technology.
What are the top holdings of the SMH ETF and PSI ETF?
SMH top holdings include NVIDIA, US8740391003 and BROADCOM LIMITED. PSI holds in its top three: KLA CORPORATION, ADVANCED MICRO DEVICES and BROADCOM LIMITED.
Which ETF is more diversified: SMH or PSI?
SMH holds 25 securities with 90.16% of its assets in the top 15. PSI has 30 securities and a top 15 weight of 60.99%.
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