SMH ETF — VanEck Semiconductor ETF

VanEck Semiconductor ETF (SMH)

Updated October 2, 2026.

SMH is an ETF that tracks the MVIS US Listed Semiconductor 25 Index. its distribution rate is 0.18%, its trailing-12-month yield is 0.18%, its expense ratio is 0.35%. Dividend Vision Distribution Safety Score™ is 91/100 (Safe). Total return is 2663.7% over the past 26.4 years, 1908.0 points ahead of SPY at 755.7%.

At the current 0.18% distribution rate, a $10,000 investment would generate approximately $18 per year if the next payment matches the last regular one.

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 performance versus SPY

Price and return data through 2026-10-02.

Total return is 2663.7% over the past 26.4 years, 1908.0 points ahead of SPY at 755.7%. Over the past year its total return — price change plus distributions reinvested — is 87.0%. Its deepest 1-year drawdown was 24.6%.

SMH key facts

Distribution Safety Score™

91 · Safe

Safety-Adjusted Yield

0.16%

Issuer

VanEck

Asset type

ETF

Asset class

Equity

Inception date

12/20/2011

Expense ratio

0.35%

Distribution rate

0.18%

Distribution frequency

Annual

Trailing yield

0.18%

Last close

$630.60 (as of 2026-10-02)

AUM

$74,615,404,127

Market cap

$5,908,509,696

Average volume

7328587.0

Last dividend

$1.105

Last ex-dividend date

12/22/2025

Last payment date

12/26/2025 (as of 2025-12-26)

Beta

2.06

P/E ratio

42.197

How Dividend Vision calculates yield and returns

Distribution rate (0.18%) 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 (0.18%) 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. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: VanEck or company 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:

• SMH vs QQQ
• SMH vs VGT
• SMH vs XLK
• SMH vs SCHG
• SMH vs SOXX
• SMH vs DRAM

Frequently asked questions

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