SMHXvsXLKETF Comparison
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VanEck Fabless Semiconductor ETF (SMHX) and State Street Technology Select Sector SPDR ETF (XLK) belong to the same industry segment: US Info. Technology. SMHX's top 1 sector exposures are Technology. In contrast, XLK's top sector exposures are Technology, Business Services and Non-Energy Materials. SMHX is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.08% for XLK. SMHX is up 41.9% year-to-date (YTD) with +$11M in YTD flows. XLK performs worse with 27.89% YTD performance, and +$2.31B in YTD flows. Run a side-by-side ETF comparison of SMHX 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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SMHX vs XLK performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMHX XLK | -0.23%-0.17% | -4.30%+3.48% | +41.90%+27.89% | +37.56%+29.61% | n/a+119.57% | n/a+142.12% |
| Flows | SMHX XLK | -$287K+$1.85B | -$11M+$1.21B | +$11M+$2.31B | +$8M+$2.69B | -+$8.97B | -+$9.34B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMHX XLK | +40.51%+25.64% | +40.97%+26.54% | n/a+25.31% | n/a+26.14% |
| Max drawdown | SMHX XLK | -16.67%-9.16% | -24.92%-15.92% | n/a-25.74% | n/a-33.57% |
| Max drawdown duration | SMHX XLK | 10d10d | 135d168d | n/a113d | n/a534d |
Trading data
SMHX | XLK | |
Last sale 10/16/2026 at 1:30 PM | $53.97 | $183.47 |
| Previous close 10/15/2026 | $56.06 | $189.19 |
| Consolidated volume 10/15/2026 | ||
| 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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SMHX | 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 10/16/2026 at 1:30 PM
Live
Closed
SMHX | XLK | |
|---|---|---|
| Last price | $53.97 | $183.47 |
| 1D performance | -3.73% | -3.02% |
| AuM | $245.46 M | $120.70 B |
| E/R | 0.35% | 0.08% |
Characteristics
SMHX | XLK | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | State Street Investment Management |
| Benchmark | MVIS US Listed Fabless Semiconductor Index | S&P Technology Select Sector Index |
| N° of holdings | 22 | 73 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 28, 2024 | December 16, 1998 |
| ESG | No | No |
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Exposure
Countries
SMHX
USA
92.88%
Other
7.12%
XLK
USA
97.19%
Other
2.81%
Sectors
SMHX
Technology
99.91%
Other
0.09%
XLK
Technology
95.48%
Other
4.52%
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Diversification
SMHX
Total weight of top 15 holdings out of 15
91.02%
XLK
Total weight of top 15 holdings out of 15
69.87%
Top 15 holdings
Data as of August 31, 2026
SMHX
NVIDIA Corp.
23.38%
Broadcom Inc.
15.81%
Advanced Micro Devices, Inc.
5.53%
QUALCOMM, Inc.
4.77%
Synopsys, Inc.
4.59%
Marvell Technology, Inc.
4.45%
Astera Labs, Inc.
4.29%
Cadence Design Systems, Inc.
4.23%
Monolithic Power Systems, Inc.
4.14%
Arm Holdings Plc
3.79%
Lattice Semiconductor Corp.
3.54%
SiTime Corp.
3.28%
Silicon Motion Technology Corp.
3.25%
Semtech Corp.
3.15%
Rambus, Inc.
2.79%
XLK
NVIDIA Corp.
14.37%
Apple, Inc.
12.50%
Microsoft Corp.
10.13%
Broadcom Inc.
4.71%
Micron Technology, Inc.
4.00%
Advanced Micro Devices, Inc.
3.93%
Intel Corp.
2.90%
Cisco Systems, Inc.
2.86%
Palantir Technologies, Inc.
2.81%
Lam Research Corp.
2.47%
Applied Materials, Inc.
2.39%
Palo Alto Networks, Inc.
2.03%
Oracle Corp.
1.66%
Texas Instruments Incorporated
1.56%
CrowdStrike Holdings, Inc.
1.54%
Frequently asked questions about SMHX and XLK
How have the SMHX and XLK ETFs performed in 2026?
As of October 16, 2026, SMHX is up 41.9% year-to-date (YTD), while XLK has returned 27.89%. That puts SMHX better performer ahead so far this year.
Which ETF is attracting more investor money: SMHX or XLK?
Year-to-date, the SMHX ETF saw +$11M in flows, compared to +$2.31B for XLK.
Which ETF is more volatile: SMHX or XLK?
Over the past year, SMHX had a volatility of 40.97%, while XLK experienced 26.54%.
Which ETF is bigger: SMHX or XLK?
As of October 16, 2026, SMHX holds $245.46 M in assets under management (AUM), while XLK manages $120.70 B.
What sectors do the SMHX and XLK ETFs invest in?
SMHX leans toward sectors like Technology. Meanwhile, XLK focuses on Technology.
What are the top holdings of the SMHX ETF and XLK ETF?
SMHX top holdings include NVIDIA Corp., Broadcom Inc. and Advanced Micro Devices, Inc.. XLK holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: SMHX or XLK?
SMHX holds 22 securities with 91.02% of its assets in the top 15. XLK has 73 securities and a top 15 weight of 69.87%.
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