SMH vs USD
VanEck Semiconductor ETF against ProShares Ultra Semiconductors: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
45%
18 shared positions
Fee gap
60 bp
SMH is cheaper
1-year return gap
2.3 pts
SMH is ahead
Larger fund
SMH
$69.4B
Side by side
| SMH | USD | |
|---|---|---|
| Fund | VanEck Semiconductor ETF | ProShares Ultra Semiconductors |
| Issuer | VanEck | ProShares |
| Category | Semiconductors | Leveraged Equity |
| Expense ratio | 0.35% | 0.95% |
| Assets | $69.4B | $2.5B |
| Average daily dollar volume | $4.3B | $49M |
| Listed | Dec 20, 2011 | Jan 30, 2007 |
| FrenzyCap score | 83 | 75 |
| 1-month return | −8.4% | −16.0% |
| 3-month return | −4.0% | −9.8% |
| Year to date | +54.6% | +56.2% |
| 1-year return | +60.3% | +58.0% |
| 30-day volatility | 32.8% | 62.5% |
| Worst drawdown, 1 year | −24.6% | −39.4% |
| Trailing 12-month yield | 0.20% | 0.51% |
| Holdings | 27 | 52 |
| Top 10 weight | 68.3% | 173.5% |
| Look-through P/E | 37.0 | 31.3 |
| Holdings vs fair value | +1.5% | +1.2% |
| Holdings above 200-day average | 73% | 75% |
| Net flow, latest 3 reported months | +$4.5B thru Jun 2026 | −$110M thru May 2026 |
| 30-day implied volatility | 37.3% | 71.8% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 21, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
76% of SMH · 49% of USD
Sector mix of the stock holdings
| Sector | SMH | USD | Gap |
|---|---|---|---|
| Technology | 91.5% | 48.5% | +43.0% |
| Industrials | 8.4% | 1.4% | +7.0% |
| Materials | 0.0% | 0.1% | −0.1% |
More: full overlap table · SMH holdings · USD holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.