SMHX vs VOO
VanEck Fabless Semiconductor ETF vs Vanguard S&P 500 ETF
Which is better, SMHX or VOO?
SMHX has been ahead.
VOO has a lower expense ratio. SMHX led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 75.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SMHX | VOO |
|---|---|---|
| Expense Ratio | 0.35% | 0.03%Best |
| AUM | $232M | $997.4B |
| Dividend Yield | 0.02% | 1.04% |
| Holdings | 23 | 509 |
| YTD Return | +57.33%Best | +13.82% |
| 1Y Return | +63.43%Best | +18.56% |
| 3Y Return (annualized) | - | +23.49% |
| 5Y Return (annualized) | - | +13.34% |
| Volatility (annualized) | 37.4% | 12.3%Best |
| Max Drawdown | -38.5% | -18.7%Best |
| $10,000 over 2.1 years | $25,030Best | $14,257 |
| Top 10 Weight | 75.0% | 37.6%Best |
| Fund Family | VanEck | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 27, 2024 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Aug 28, 2024 to Sep 25, 2026 (2.1 years).
SMHX vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
SMHX vs VOO Performance
VanEck Fabless Semiconductor ETF (SMHX) is an ETF from VanEck and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SMHX returned +63.43% while VOO returned +18.56%. Year to date, SMHX is up 57.33% versus a gain of 13.82% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMHX has been the more volatile fund, with annualized monthly volatility of 37.4% compared with 12.3% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -38.5% for SMHX and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SMHX charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, SMHX currently yields 0.02% against 1.04% for VOO.
Holdings Overlap
67.1% of SMHX's money is in holdings VOO also owns. 12.5% of VOO's money is in holdings SMHX also owns.
The two portfolios partly overlap.
8 positions in common, counted across the 22 positions we hold weights for in SMHX and 494 in VOO, against full books of 23 and 509.
What only one of them owns
Measured across the 22 and 494 positions we hold weights for.
VOO holds 479 positions SMHX does not, 86.7% of the fund.
Largest: AAPL 7.05%, MSFT 5.36%, AMZN 4.13%, GOOGL 3.24%, GOOG 2.62%
Top Shared Holdings
| Stock | Weight in SMHX | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 23.56% | 7.55% | 16.01% |
| AVGOBroadcom Inc | 16.15% | 2.86% | 13.29% |
| AMDAdvanced Micro Devices Inc | 5.53% | 1.21% | 4.32% |
| QCOMQualcomm Inc. | 4.77% | 0.24% | 4.53% |
| MRVLMarvell Technology Group Ltd. | 4.53% | 0.26% | 4.27% |
| SNPSSynopsys | 4.44% | 0.12% | 4.32% |
| MPWRMonolithic Power Systems Inc | 4.10% | 0.11% | 3.99% |
| CDNSCadence Design Systems Inc. | 4.00% | 0.15% | 3.85% |
67.1% of SMHX is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, SMHX or VOO?
SMHX has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, SMHX or VOO?
Over the past year SMHX returned +63.43% vs +18.56% for VOO, so SMHX leads on 1-year performance. Over the longest common window we track (2 years), SMHX annualized +54.79% vs +18.40% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SMHX or VOO?
SMHX has been the more volatile fund at 37.4% annualized versus 12.3% for VOO. Worst drawdown: SMHX -38.5% vs VOO -18.7%.
Should I hold both SMHX and VOO?
SMHX and VOO have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SMHX and VOO?
67.1% of SMHX's money is in holdings VOO also owns. 12.5% of VOO's is in holdings SMHX also owns. They hold 8 positions in common, counted across the 22 positions we hold weights for in SMHX and 494 in VOO.
Which pays a higher dividend, SMHX or VOO?
SMHX yields 0.02% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than SMHX?
VOO has a lower expense ratio. SMHX led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 75.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.