SMHXvsIYWETF Comparison
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VanEck Fabless Semiconductor ETF (SMHX) and iShares U.S. Technology ETF (IYW) belong to the same industry segment: US Info. Technology. SMHX's top 1 sector exposures are Technology. In contrast, IYW's top sector exposures are Technology, Business Services and Non-Energy Materials. SMHX is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.37% for IYW. SMHX is up 43.03% year-to-date (YTD) with +$10M in YTD flows. IYW performs worse with 24.27% YTD performance, and -$963M in YTD flows. Run a side-by-side ETF comparison of SMHX and IYW 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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SMHX vs IYW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMHX IYW | -1.93%+1.72% | -14.28%-3.90% | +43.03%+24.27% | +56.79%+37.90% | n/a+123.45% | n/a+132.47% |
| Flows | SMHX IYW | -$3M+$158M | +$8M-$20M | +$10M-$963M | +$49M-$4.96B | --$1.96B | --$760M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMHX IYW | +53.86%+30.16% | +40.40%+24.42% | n/a+24.73% | n/a+26.80% |
| Max drawdown | SMHX IYW | -24.92%-12.57% | -24.92%-17.72% | n/a-26.59% | n/a-39.42% |
| Max drawdown duration | SMHX IYW | 90d91d | 90d174d | n/a125d | n/a690d |
Trading data
SMHX | IYW | |
Last sale 9/2/2026 at 1:30 PM | $54.89 | $248.38 |
| Previous close 09/01/2026 | $54.36 | $247.94 |
| Consolidated volume 09/01/2026 | ||
| 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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SMHX | IYW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
SMHX | IYW | |
|---|---|---|
| Last price | $54.89 | $248.38 |
| 1D performance | +0.98% | +0.18% |
| AuM | $244.69 M | $24.71 B |
| E/R | 0.35% | 0.37% |
Characteristics
SMHX | IYW | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | iShares |
| Benchmark | MVIS US Listed Fabless Semiconductor Index | Russell 1000 Technology RIC 22.5/45 Capped Index |
| N° of holdings | 22 | 149 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 28, 2024 | May 15, 2000 |
| ESG | No | No |
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Exposure
Countries
SMHX
USA
92.7%
Other
7.3%
IYW
USA
99.68%
Other
0.32%
Sectors
SMHX
Technology
99.89%
Other
0.11%
IYW
Technology
96.08%
Other
3.92%
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Diversification
SMHX
Total weight of top 15 holdings out of 15
90.08%
IYW
Total weight of top 15 holdings out of 15
73.46%
Top 15 holdings
Data as of July 31, 2026
SMHX
NVIDIA Corp.
21.57%
Broadcom Inc.
16.87%
Advanced Micro Devices, Inc.
5.68%
Monolithic Power Systems, Inc.
4.73%
Astera Labs, Inc.
4.56%
Cadence Design Systems, Inc.
4.31%
QUALCOMM, Inc.
4.19%
Synopsys, Inc.
4.12%
Marvell Technology, Inc.
4.00%
Lattice Semiconductor Corp.
3.88%
Arm Holdings Plc
3.81%
Silicon Motion Technology Corp.
3.39%
SiTime Corp.
3.15%
Rambus, Inc.
2.97%
Semtech Corp.
2.83%
IYW
Apple, Inc.
14.27%
NVIDIA Corp.
13.33%
Microsoft Corp.
10.42%
Alphabet, Inc.
5.82%
Alphabet, Inc.
4.75%
Broadcom Inc.
4.63%
Meta Platforms, Inc.
3.69%
Micron Technology, Inc.
3.17%
Advanced Micro Devices, Inc.
3.13%
Intel Corp.
2.09%
Applied Materials, Inc.
2.08%
Lam Research Corp.
1.95%
Palantir Technologies, Inc.
1.42%
Palo Alto Networks, Inc.
1.38%
Texas Instruments Incorporated
1.33%
Frequently asked questions about SMHX and IYW
How have the SMHX and IYW ETFs performed in 2026?
As of September 1, 2026, SMHX is up 43.03% year-to-date (YTD), while IYW has returned 24.27%. That puts SMHX better performer ahead so far this year.
Which ETF is attracting more investor money: SMHX or IYW?
Year-to-date, the SMHX ETF saw +$10M in flows, compared to -$963M for IYW.
Which ETF is more volatile: SMHX or IYW?
Over the past year, SMHX had a volatility of 40.4%, while IYW experienced 24.42%.
Which ETF is bigger: SMHX or IYW?
As of September 1, 2026, SMHX holds $244.69 M in assets under management (AUM), while IYW manages $24.71 B.
What sectors do the SMHX and IYW ETFs invest in?
SMHX leans toward sectors like Technology. Meanwhile, IYW focuses on Technology.
What are the top holdings of the SMHX ETF and IYW ETF?
SMHX top holdings include NVIDIA Corp., Broadcom Inc. and Advanced Micro Devices, Inc.. IYW holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: SMHX or IYW?
SMHX holds 22 securities with 90.08% of its assets in the top 15. IYW has 150 securities and a top 15 weight of 73.46%.
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Latest news about SMHX & IYW
Tech ETFs Surge, Led by Nvidia’s Outstanding Performance
June 17, 2024
IYW
Tech Sinks in First Week of August
August 8, 2023
IYW
What’s Driving the Market, a Look at US Equities
June 14, 2023
IYW
Big Layoffs From Big Tech: What Does it Mean for Investors?
February 27, 2023
IYW
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Hard Landing – What does this mean for markets?
November 21, 2022
IYW
Hard Landing – What does this mean for markets?
November 21, 2022
IYW
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