VanEck Fabless Semiconductor ETF

SMHX

Market cap $250M

AI chip stocks hit a sharp correction, but strong earnings and AI demand suggest the pullback may be a dip-buying opportunity for semiconductor ETFs.

The VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) has ripped higher in 2026, gaining 58.48% year to date through July 6, and it does not own a single share of the world's largest chipmaker.

A semiconductor ETF has ripped higher in 2026 without owning one of the most recognizable chip names on the market.

The VanEck Fabless Semiconductor ETF (SMHX) was launched on August 27, 2024, and is a passively managed exchange traded fund designed to offer broad exposure to the Technology - Semiconductors segment of the equity market.

VanEck Fabless Semiconductor ETF (SMHX) offers concentrated exposure to capital-light semiconductor developers positioned for multi-tiered growth cycles. SMHX benefits from surging data center investment, AI-driven chip demand, and cyclical upswing in analog and microcontroller segments. Purpose-built chips and analog sector M&A activity provide additional growth catalysts, with SMHX poised for market-beating returns.

The top-performing non-leveraged ETFs of 2026 span a distinct blend of digital assets, next-generation semiconductor technology, and localized international equity plays. For advisors assessing portfolio allocations heading into the second half of the year, these performance figures highlight a sustained risk-on appetite among investors.

Semiconductor ETFs like SOXX offer broad exposure as AI-driven memory revenues are projected to nearly triple in 2026.

Several years ago, semiconductor ETFs were often viewed as a Nvidia (NVDA) story. With Nvidia driving much of the group's growth and performance, some investors questioned the need for broader exposure.

Launched on August 27, 2024, the VanEck Fabless Semiconductor ETF (SMHX) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Semiconductors segment of the equity market.

NEW YORK--(BUSINESS WIRE)--VanEck announced today the 2025 annual distributions per share for its VanEck equity exchange-traded funds.