SMHvsXLKETF Comparison
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VanEck Semiconductor ETF (SMH) and State Street Technology Select Sector SPDR ETF (XLK) belong to the same industry segment: US Info. Technology. SMH's top 1 sector exposures are Technology. In contrast, XLK's top sector exposures are Technology, Business Services and Non-Energy Materials. SMH is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.08% for XLK. SMH is up 57.51% year-to-date (YTD) with +$8.18B in YTD flows. XLK performs worse with 30.45% YTD performance, and +$924M in YTD flows. Run a side-by-side ETF comparison of SMH and XLK 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 XLK 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 XLK | -1.44%+0.26% | -9.63%-2.87% | +57.51%+30.45% | +96.19%+43.37% | +267.15%+116.11% | +328.85%+143.95% |
| Flows | SMH XLK | -$1.40B-$1.29B | +$2.56B-$389M | +$8.18B+$924M | +$11.06B+$1.25B | +$17.87B+$7.80B | +$20.92B+$7.86B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMH XLK | +53.36%+34.48% | +39.63%+26.32% | +37.23%+25.20% | +37.00%+26.10% |
| Max drawdown | SMH XLK | -24.68%-13.67% | -24.68%-15.92% | -35.84%-25.74% | -45.33%-33.57% |
| Max drawdown duration | SMH XLK | 74d92d | 74d168d | 356d113d | 562d534d |
Trading data
SMH | XLK | |
Last sale 9/8/2026 at 1:30 PM | $573.73 | $187.87 |
| Previous close 09/04/2026 | $567.01 | $187.28 |
| 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 | XLK | |
|---|---|---|
| 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 1:30 PM
Live
Closed
SMH | XLK | |
|---|---|---|
| Last price | $573.73 | $187.87 |
| 1D performance | +1.19% | +0.32% |
| AuM | $69.00 B | $122.01 B |
| E/R | 0.35% | 0.08% |
Characteristics
SMH | XLK | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | State Street Investment Management |
| Benchmark | MVIS US Listed Semiconductor 25 Index | S&P Technology Select Sector Index |
| N° of holdings | 25 | 73 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 20, 2011 | December 16, 1998 |
| ESG | No | No |
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Exposure
Countries
SMH
USA
82.05%
Taiwan
9.58%
Other
8.37%
XLK
USA
97.06%
Other
2.94%
Sectors
SMH
Technology
100%
Other
0%
XLK
Technology
96.26%
Other
3.74%
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Diversification
SMH
Total weight of top 15 holdings out of 15
89.44%
XLK
Total weight of top 15 holdings out of 15
70.29%
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%
XLK
NVIDIA Corp.
13.91%
Apple, Inc.
12.98%
Microsoft Corp.
9.88%
Broadcom Inc.
5.27%
Advanced Micro Devices, Inc.
4.23%
Micron Technology, Inc.
3.66%
Cisco Systems, Inc.
3.20%
Intel Corp.
2.98%
Applied Materials, Inc.
2.81%
Lam Research Corp.
2.56%
Palantir Technologies, Inc.
1.97%
Palo Alto Networks, Inc.
1.88%
Texas Instruments Incorporated
1.75%
KLA Corp.
1.67%
Oracle Corp.
1.54%
Frequently asked questions about SMH and XLK
How have the SMH and XLK ETFs performed in 2026?
As of September 4, 2026, SMH is up 57.51% year-to-date (YTD), while XLK has returned 30.45%. That puts SMH better performer ahead so far this year.
Which ETF is attracting more investor money: SMH or XLK?
Year-to-date, the SMH ETF saw +$8.18B in flows, compared to +$924M for XLK.
Which ETF is more volatile: SMH or XLK?
Over the past year, SMH had a volatility of 39.63%, while XLK experienced 26.32%.
Which ETF is bigger: SMH or XLK?
As of September 4, 2026, SMH holds $69.00 B in assets under management (AUM), while XLK manages $122.01 B.
What sectors do the SMH and XLK ETFs invest in?
SMH leans toward sectors like Technology. Meanwhile, XLK focuses on Technology.
What are the top holdings of the SMH ETF and XLK ETF?
SMH top holdings include NVIDIA Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Broadcom Inc.. XLK holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: SMH or XLK?
SMH holds 25 securities with 89.44% of its assets in the top 15. XLK has 73 securities and a top 15 weight of 70.29%.
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Latest news about SMH & XLK
The Weekly ETF Market Monitor (August 24-28, 2026)
August 31, 2026
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