ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
KraneShares is known for pioneering thematic and alternative ETF strategies that capture emerging trends and specialized market segments. The issuer's fund lineup spans income-focused strategies, including covered call and high-yield approaches, alongside thematic funds targeting areas like artificial intelligence, cryptocurrency, cannabis, and other innovative sectors. KraneShares distinguishes itself through a diversified portfolio of specialized ETFs designed for investors seeking exposure beyond traditional asset classes, with a particular emphasis on capturing opportunities in evolving industries and alternative income generation strategies.
See our curated list of related YouTube videos on LUMA.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
VanEck is known for offering specialized and thematic ETFs across diverse asset classes, including commodities, digital assets, and sector-specific investments. The firm's 22-fund lineup spans income-generating options, covered call strategies, and growth-focused equity funds, with popular tickers including GDX (gold miners), SMH (semiconductors), MOAT (competitive advantage stocks), and HODL (bitcoin). VanEck distinguishes itself through niche exposure areas such as digital assets, commodities, and thematic investing strategies, complemented by traditional bond and municipal bond offerings.
See our curated list of related YouTube videos on SMH.
Seeks capital appreciation by investing in public and private companies worldwide that build photonic and optical hardware — optical interconnects, transceivers, fiber-optic cables, lasers, and other light-based infrastructure moving data for AI and the modern digital economy.
Track the MVIS US Listed Semiconductor 25 Index.
Asset class
Equity
Equity
Inception date
07/14/2026
12/20/2011
Beta
—
1.98
Last dividend
—
$1.1050
Ex-dividend date
—
12/22/2025
— Distribution yield, last dividend, and ex-dividend date are not yet available because LUMA launched July 2026; these fields will populate after the first distribution.
Bottom lineChoose LUMA if you want broad equity exposure. Choose SMH if you want higher current income (0.19% while LUMA makes no distribution).
Most used
Income calculator
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Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 23, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jul 2026” measures every fund from July 15, 2026 — the youngest fund's first trading day — so all funds share one comparison window.
Quick verdict
LUMA (KraneShares Photonic and Optical ETF) and SMH (VanEck Semiconductor ETF) are both ETFs, but they take different approaches.
SMH currently shows a 0.19% distribution yield. LUMA has not yet established a full distribution history, so a comparable yield figure is not available.
SMH is cheaper with an expense ratio of 0.35% compared to 0.69%.
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On a $10,000 investment, LUMA has no reported distribution yield yet, so a monthly income estimate is not available, while SMH would produce $1.58/month, at current distribution rates.
LUMA yield—
SMH yield0.19%
Cost & efficiency
Over 10 years on $10,000, LUMA would cost approximately $690 in fees vs $350 for SMH (simplified, not compounded). The $340.00 difference may be offset by yield or performance.
LUMA ER0.69%
SMH ER0.35%
Strategy & risk
LUMA is an ETF, while SMH tracks MVIS US Listed Semiconductor 25 Index with a technology approach.
LUMA beta—
SMH beta1.98
Fund details
LUMA is managed by KraneShares (launched 07/14/2026). SMH is managed by VanEck (launched 12/20/2011) with $67.4B in assets.
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Frequently asked questions
Which of LUMA or SMH pays more dividend income?
SMH currently reports a distribution yield, while LUMA has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.
What is the difference between LUMA and SMH?
LUMA (KraneShares Photonic and Optical ETF) is an ETF, while SMH (VanEck Semiconductor ETF) tracks MVIS US Listed Semiconductor 25 Index with a technology approach. They are issued by KraneShares and VanEck respectively.
Can I hold both LUMA and SMH?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, LUMA or SMH?
LUMA has an expense ratio of 0.69% while SMH charges 0.35%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in LUMA vs SMH generate?
At current rates, LUMA has not established a distribution history yet, so a monthly income estimate is not available. The same in SMH would produce about $1.58 per month ($19.00 annually).
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