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. Both ETFs have the same top 3 sector exposures: and Information Technology. SMH is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.08% for XLK. SMH is up 58.28% year-to-date (YTD) with +$4.53B in YTD flows. XLK performs worse with 25.36% YTD performance, and +$1.75B 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 06/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMH XLK | +8.97%+8.85% | +44.15%+28.73% | +58.28%+25.36% | +127.55%+53.56% | +300.45%+121.78% | +369.81%+167.55% |
| Flows | SMH XLK | -$1.38B+$804M | +$575M+$3.57B | +$4.53B+$1.75B | +$7.76B+$3.76B | +$14.41B+$9.27B | +$17.32B+$9.96B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMH XLK | +42.25%+28.86% | +32.34%+22.12% | +35.06%+24.00% | +35.50%+25.23% |
| Max drawdown | SMH XLK | -10.63%-9.10% | -14.91%-15.92% | -35.84%-25.74% | -45.33%-33.57% |
| Max drawdown duration | SMH XLK | 2d27d | 42d168d | 356d113d | 562d534d |
Trading data
SMH | XLK | |
Last sale 6/5/2026 at 1:30 PM | $569.69 | $180.30 |
| Previous close 06/04/2026 | $627.53 | $193.17 |
| Consolidated volume 06/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 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 6/5/2026 at 1:30 PM
Live
Closed
SMH | XLK | |
|---|---|---|
| Last price | $569.69 | $180.30 |
| 1D performance | -9.22% | -6.66% |
| AuM | $65.06 B | $117.78 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 | 20 | 67 |
| 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
98.6%
Other
1.4%
XLK
USA
97%
Other
3%
Sectors
SMH
Information Techn.
78.83%
Other
21.17%
XLK
Information Techn.
93.77%
Other
6.23%
Diversification
SMH
Total weight of top 15 holdings out of 15
89.51%
XLK
Total weight of top 15 holdings out of 15
71.15%
Top 15 holdings
Data as of April 30, 2026
SMH
NVIDIA
18.11%
US8740391003
10.57%
BROADCOM LIMITED
7.82%
INTEL-T
7.15%
ADVANCED MICRO DEVICES
5.96%
MICRON TECHNOLOGY
4.98%
TEXAS INSTRUMENTS
4.91%
KLA CORPORATION
4.49%
ANALOG DEVICES
4.42%
US5128073062
4.12%
USN070592100
4.05%
APPLIED MATERIAL
3.95%
QUALCOMM
3.79%
MARVELL TECHNOLOGY
2.86%
SYNOPSYS
2.32%
XLK
NVIDIA
14.80%
APPLE
12.15%
MICROSOFT-T
9.24%
BROADCOM LIMITED
6.04%
MICRON TECHNOLOGY
4.33%
ADVANCED MICRO DEVICES
4.29%
INTEL-T
3.30%
CISCO-T
2.69%
US5128073062
2.39%
PALANTIR TECHNOLOGIES
2.36%
APPLIED MATERIAL
2.33%
ORACLE SYS
2.03%
TEXAS INSTRUMENTS
1.90%
KLA CORPORATION
1.70%
INTL BUSINESS MACHINES CORP
1.60%
Frequently asked questions about SMH and XLK
How have the SMH and XLK ETFs performed in 2026?
As of June 5, 2026, SMH is up 58.28% year-to-date (YTD), while XLK has returned 25.36%. 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 +$4.53B in flows, compared to +$1.75B for XLK.
Which ETF is more volatile: SMH or XLK?
Over the past year, SMH had a volatility of 32.34%, while XLK experienced 22.12%.
Which ETF is bigger: SMH or XLK?
As of June 5, 2026, SMH holds $65.06 B in assets under management (AUM), while XLK manages $117.78 B.
What sectors do the SMH and XLK ETFs invest in?
SMH leans toward sectors like Information Technology. Meanwhile, XLK focuses on Information Technology.
What are the top holdings of the SMH ETF and XLK ETF?
SMH top holdings include NVIDIA, US8740391003 and BROADCOM LIMITED. XLK holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SMH or XLK?
SMH holds 25 securities with 89.51% of its assets in the top 15. XLK has 73 securities and a top 15 weight of 71.15%.
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