SMH is an ETF focused on US-listed semiconductor companies. It aims to follow the MVIS US Listed Semiconductor 25 Index and holds about 25 chipmakers and equipment businesses, making industry cycles especially important.
History and development
The present VanEck SMH ETF began on December 20, 2011. Earlier products used the same ticker, but their starting dates should not be substituted for this ETF's inception. SMH holds exposure to semiconductor businesses; it is a fund tracking an industry benchmark, not the index itself.
References: VanEck: SMH
Comparing charts on this board
Compare SMH with the Nasdaq-100 and DRAM across semiconductors, broader large growth and memory. DRAM leading an already strong SMH highlights the memory theme within chips.
NVIDIA, TSMC and Applied Materials add design, fabrication and equipment perspectives. Their relative paths help organize investigation of chip demand versus production investment.
Related charts: NASDAQ 100 · DRAM · NVIDIA · TSMC · Applied Materials
Official references: VanEck: SMH