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 1 sector exposures: Technology. SMH is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.55% for PSI. SMH is up 75.12% year-to-date (YTD) with +$9.00B in YTD flows. PSI performs better with 104.16% YTD performance, and +$879M 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 10/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMH PSI | +14.52%+24.51% | +6.48%+1.74% | +75.12%+104.16% | +87.02%+120.89% | +337.04%+277.05% | +420.84%+293.91% |
| Flows | SMH PSI | +$744M+$150M | +$2.50B+$378M | +$9.00B+$879M | +$10.97B+$967M | +$18.74B+$817M | +$21.57B+$803M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMH PSI | +39.22%+60.36% | +40.30%+52.83% | +37.40%+43.72% | +37.07%+41.27% |
| Max drawdown | SMH PSI | -17.60%-24.37% | -24.68%-35.74% | -35.84%-41.00% | -45.33%-44.86% |
| Max drawdown duration | SMH PSI | 80d87d | 102d94d | 356d421d | 562d750d |
Trading data
SMH | PSI | |
Last sale 10/2/2026 at 1:30 PM | $630.60 | $160.94 |
| Previous close 10/01/2026 | $617.81 | $155.90 |
| Consolidated volume 10/01/2026 | ||
| 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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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 10/2/2026 at 1:30 PM
Live
Closed
SMH | PSI | |
|---|---|---|
| Last price | $630.60 | $160.94 |
| 1D performance | +2.07% | +3.23% |
| AuM | $77.81 B | $3.12 B |
| E/R | 0.35% | 0.55% |
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Exposure
Countries
SMH
USA
82.24%
Taiwan
9.66%
Other
8.1%
PSI
USA
97.57%
Other
2.43%
Sectors
SMH
Technology
100%
Other
0%
PSI
Technology
100%
Other
0%
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Diversification
SMH
Total weight of top 15 holdings out of 15
89.8%
PSI
Total weight of top 15 holdings out of 15
66%
Top 15 holdings
Data as of August 31, 2026
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%
PSI
NVIDIA Corp.
6.21%
Applied Materials, Inc.
6.21%
Micron Technology, Inc.
6.12%
Lam Research Corp.
5.78%
Advanced Micro Devices, Inc.
5.54%
KLA Corp.
5.35%
Analog Devices, Inc.
5.22%
Intel Corp.
4.37%
Onto Innovation, Inc.
3.41%
Cohu, Inc.
3.31%
Entegris, Inc.
3.27%
Teradyne, Inc.
3.05%
Semtech Corp.
2.77%
Ultra Clean Holdings, Inc.
2.73%
Diodes, Inc.
2.68%
Frequently asked questions about SMH and PSI
How have the SMH and PSI ETFs performed in 2026?
As of October 2, 2026, SMH is up 75.12% year-to-date (YTD), while PSI has returned 104.16%. 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 +$9.00B in flows, compared to +$879M for PSI.
Which ETF is more volatile: SMH or PSI?
Over the past year, SMH had a volatility of 40.3%, while PSI experienced 52.83%.
Which ETF is bigger: SMH or PSI?
As of October 2, 2026, SMH holds $77.81 B in assets under management (AUM), while PSI manages $3.12 B.
What sectors do the SMH and PSI ETFs invest in?
SMH leans toward sectors like Technology. Meanwhile, PSI focuses on Technology.
What are the top holdings of the SMH ETF and PSI ETF?
SMH top holdings include NVIDIA Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Broadcom Inc.. PSI holds in its top three: NVIDIA Corp., Applied Materials, Inc. and Micron Technology, Inc..
Which ETF is more diversified: SMH or PSI?
SMH holds 25 securities with 89.8% of its assets in the top 15. PSI has 30 securities and a top 15 weight of 66%.
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Latest news about SMH & PSI
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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