SMH ETF — VanEck Semiconductor ETF
VanEck Semiconductor ETF (SMH)
SMH is an ETF that tracks the MVIS US Listed Semiconductor 25 Index. As of August 20, 2026, its distribution rate is 0.20%, its trailing-12-month yield is 0.20%, its expense ratio is 0.35%. Dividend Vision Distribution Safety Score™ is 91/100 (Safe). Fund total return is 2358.3% over the past 26.3 years, 1605.3 points ahead of SPY at 753.0%.
At the current 0.20% distribution rate, a $10,000 investment would generate approximately $20 per year, or $1.67 per month on an equivalent basis. Actual annual payments vary.
VanEck Semiconductor ETF tracks the MVIS US Listed Semiconductor 25 Index, holding at least 80% of its assets in U.S. exchange-listed semiconductor companies, including medium-cap and foreign companies listed domestically. The fund carries a very low current distribution rate, distributes annually, and has an expense ratio of 0.35%. It appeals primarily to growth-oriented investors seeking exposure to the semiconductor industry rather than income-focused investors.
SMH dividend yield and income
Data as of August 20, 2026.
The distribution rate (0.20%) is the latest posted forward yield, paid annual. Trailing-12-month yield (0.20%) is the last year of payments divided by the current price. The last dividend was $1.1050. The last ex-dividend date was 12/22/2025. It was paid on 12/26/2025. At 0.20%, $10,000 would generate about $20 a year ($1.67 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2025-12-22 | $1.105 | 3.2% |
| 2024-12-23 | $1.071 | 2.7% |
| 2023-12-18 | $1.043 | -13.1% |
| 2022-12-19 | $1.2005 | 52.6% |
| 2021-12-20 | $0.7865 | 4.7% |
| 2020-12-21 | $0.751 | -29.2% |
| 2019-12-23 | $1.061 | 29.5% |
| 2018-12-20 | $0.819 | 17.3% |
| 2017-12-18 | $0.698 | 142.4% |
| 2016-12-19 | $0.288 | -49.5% |
| 2015-12-21 | $0.5705 | 80.5% |
| 2014-12-22 | $0.316 | -4.1% |
| 2013-12-23 | $0.3295 | -5.9% |
| 2012-12-24 | $0.35 | — |
| 2012 total | $0.35 | — |
| 2013 total | $0.3295 | -5.9% |
| 2014 total | $0.316 | -4.1% |
| 2015 total | $0.5705 | 80.5% |
| 2016 total | $0.288 | -49.5% |
| 2017 total | $0.698 | 142.4% |
| 2018 total | $0.819 | 17.3% |
| 2019 total | $1.061 | 29.5% |
| 2020 total | $0.751 | -29.2% |
| 2021 total | $0.7865 | 4.7% |
| 2022 total | $1.2005 | 52.6% |
| 2023 total | $1.043 | -13.1% |
| 2024 total | $1.071 | 2.7% |
| 2025 total | $1.105 | 3.2% |
SMH dividend growth
Trailing-12-month distributions versus the preceding 12 months changed 5.85%. That is the seasonality-immune income comparison, not a single quarterly check versus the prior quarter.
| Window | Change |
|---|---|
| 3Y | -15.3% |
| 5Y | 43.9% |
| 10Y | 463.4% |
SMH performance versus SPY
Data as of August 20, 2026.
Fund total return is 2358.3% over the past 26.3 years, 1605.3 points ahead of SPY at 753.0%. Its deepest 1-year drawdown was 24.6%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (26.3 years) | 2358.3% | 13.00% |
| 3Y CAGR | — | 57.20% |
| 5Y CAGR | — | 35.30% |
| 10Y CAGR | — | 34.10% |
SMH key facts
Data as of August 20, 2026.
- Distribution Safety Score™
- 91 · Safe
- Safety-Adjusted Yield
- 0.18%
- Issuer
- VanEck
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 12/20/2011
- Expense ratio
- 0.35%
- Distribution rate
- 0.20%
- Distribution frequency
- Annual
- Trailing yield
- 0.20%
- Last close
- $560.92
- AUM
- $68,692,115,842
- Market cap
- $5,908,509,696
- Average volume
- 8655206.0
- Last dividend
- $1.1050
- Ex-dividend date
- 12/22/2025
- Payment date
- 12/26/2025
- Beta
- 2.05
- P/E ratio
- 39.7924
How Dividend Vision calculates yield and returns
Distribution rate (0.20%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.20%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 20, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 20, 2026.
Primary sources: VanEck fund page; Index: MVIS US Listed Semiconductor 25 Index; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
SMH risks and drawbacks
SMH's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 24.6%.
Who may consider SMH — and who may not
SMH may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (SMH pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.
Compare SMH
SMH vs similar funds:
Frequently asked questions
Does SMH pay monthly?
No. SMH currently pays annual, not monthly.
What index does SMH track?
SMH tracks the MVIS US Listed Semiconductor 25 Index.
What is SMH's expense ratio?
SMH's expense ratio is 0.35%.
What is SMH's dividend yield?
SMH currently yields 0.20%, paid annual, with a 0.35% expense ratio.
How has SMH's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed 5.85%. That is not a single quarter versus the prior quarter.
When does SMH pay a dividend?
SMH pays annual. The last dividend was $1.1050. The last ex-dividend date was 12/22/2025. It was paid on 12/26/2025.
How has SMH performed?
Fund total return is 2358.3% over the past 26.3 years, 1605.3 points ahead of SPY at 753.0%. Its deepest 1-year drawdown was 24.6%.
Is SMH a good investment?
SMH's Dividend Vision Distribution Safety Score is 91 (Safe). That is a risk signal, not investment advice. It currently yields 0.20%. Compare peers below rather than treating any single figure as a buy or sell.
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