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 11.05% year-to-date (YTD) with +$2.78B in YTD flows. PSI performs better with 26.11% YTD performance, and +$109M 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 04/07/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMH PSI | +1.41%+7.00% | +3.86%+13.74% | +11.05%+26.11% | +116.72%+144.41% | +216.39%+151.86% | +225.52%+139.01% |
| Flows | SMH PSI | -$840M+$45M | +$1.75B+$109M | +$2.78B+$109M | +$7.10B+$155M | +$13.50B+$76M | +$15.74B+$79M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMH PSI | +34.76%+43.59% | +35.50%+41.43% | +34.38%+37.31% | +34.93%+37.25% |
| 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 | 41d41d | 41d41d | 356d421d | 562d750d |
Trading data
SMH | PSI | |
Last sale 4/7/2026 at 1:30 PM | $399.90 | $99.53 |
| Previous close 04/07/2026 | $395.98 | $98.80 |
| Consolidated volume 04/07/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 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 4/7/2026 at 1:30 PM
Live
Closed
SMH | PSI | |
|---|---|---|
| Last price | $399.90 | $99.53 |
| 1D performance | +0.99% | +0.74% |
| AuM | $43.89 B | $1.36 B |
| E/R | 0.35% | 0.56% |
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Exposure
Countries
SMH
USA
98.62%
Other
1.38%
PSI
USA
98.51%
Other
1.49%
Sectors
SMH
Information Techn.
76.13%
Other
23.87%
PSI
Information Techn.
94.27%
Other
5.73%
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Diversification
SMH
Total weight of top 15 holdings out of 15
91.42%
PSI
Total weight of top 15 holdings out of 15
61.8%
Top 15 holdings
Data as of February 28, 2026
SMH
NVIDIA
18.25%
US8740391003
11.35%
BROADCOM LIMITED
6.85%
MICRON TECHNOLOGY
6.43%
USN070592100
5.93%
US5128073062
5.80%
APPLIED MATERIAL
5.57%
KLA CORPORATION
5.02%
ANALOG DEVICES
4.88%
TEXAS INSTRUMENTS
4.78%
INTEL-T
4.55%
ADVANCED MICRO DEVICES
4.17%
QUALCOMM
3.26%
SYNOPSYS
2.34%
CADENCE DESIGN SYSTEMS
2.22%
PSI
MICRON TECHNOLOGY
6.69%
US5128073062
5.73%
ULTRA CLEAN HOLDINGS
5.07%
KLA CORPORATION
4.84%
INTEL-T
4.58%
TERADYNE
3.94%
NLIGHT INC
3.83%
NVIDIA
3.65%
ACM RESEARCH
3.50%
PHOTRONICS
3.49%
ADVANCED MICRO DEVICES
3.41%
KULICKE AND SOFFA INDUSTRIES
3.34%
SILICON LABS
3.32%
ADVANCED ENERGY INDUSTRIES
3.22%
MKS INSTRUMENTS
3.21%
Frequently asked questions about SMH and PSI
How have the SMH and PSI ETFs performed in 2026?
As of April 7, 2026, SMH is up 11.05% year-to-date (YTD), while PSI has returned 26.11%. 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 +$2.78B in flows, compared to +$109M for PSI.
Which ETF is more volatile: SMH or PSI?
Over the past year, SMH had a volatility of 35.5%, while PSI experienced 41.43%.
Which ETF is bigger: SMH or PSI?
As of April 7, 2026, SMH holds $43.89 B in assets under management (AUM), while PSI manages $1.36 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: MICRON TECHNOLOGY, US5128073062 and ULTRA CLEAN HOLDINGS.
Which ETF is more diversified: SMH or PSI?
SMH holds 25 securities with 91.42% of its assets in the top 15. PSI has 30 securities and a top 15 weight of 61.8%.
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