ETF comparison

SMH vs XLK

Semiconductors vs Technology.

VanEck Semiconductor ETF · State Street Technology Select Sector SPDR ETF

Holdings overlap

Weighted by ISIN/CUSIP
43.0 %

20 positions appear in both funds. Buying equal dollars of SMH and XLK would leave roughly 43.0% of each dollar exposed to the same underlying securities.

SMH only 57.0% Shared 43.0% XLK only 56.9%
In SMH only
6 positions
Shared
20 positions
In XLK only
54 positions

Side by side

SMH

VanEck Semiconductor ETF

VanEck · Semiconductors

70 composite / 100
Expense ratio
0.35%
Net assets
$77.20B
TTM yield
0.19%
Top-10 conc.
72.2%
XLK

State Street Technology Select Sector SPDR ETF

State Street · Technology

83 composite / 100
Expense ratio
0.080%
Net assets
$123.91B
TTM yield
0.44%
Top-10 conc.
61.4%

Sub-score comparison

65
Cost
92
85
Tax efficiency
85
100
Liquidity
100
11
Concentration
27
Tracking quality
SMH sub-score XLK

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

XLK is 27 bps cheaper than SMH. On a $100,000 position that's about $270/yr more in fees for SMH.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with SMH vs XLK.

Top shared holdings

20 shared in total
# Holding In SMH In XLK Overlap
1 NVIDIA Corp 19.64% 15.50% 15.50%
2 Broadcom Inc 7.79% 5.37% 5.37%
3 Micron Technology Inc 4.23% 3.39% 3.39%
4 Advanced Micro Devices Inc 4.68% 2.95% 2.95%
5 Applied Materials Inc 4.59% 2.42% 2.42%
6 Lam Research Corp 4.60% 2.38% 2.38%
7 Intel Corp 4.34% 1.85% 1.85%
8 KLA Corp 4.74% 1.72% 1.72%
9 Texas Instruments Inc 4.61% 1.57% 1.57%
10 Analog Devices Inc 4.70% 1.38% 1.38%
11 QUALCOMM Inc 4.09% 1.22% 1.22%
12 Synopsys Inc 2.50% 0.68% 0.68%

Only in SMH

6 total
  • Taiwan Semiconductor Manufacturing Co Ltd 11.84%
  • ASML Holding NV 4.99%
  • Marvell Technology Inc 2.35%
  • STMicroelectronics NV 0.90%
  • ARM Holdings PLC 0.76%
  • Astera Labs Inc 0.44%

Only in XLK

54 total
  • Apple Inc 13.63%
  • Microsoft Corp 10.05%
  • Palantir Technologies Inc 2.98%
  • Cisco Systems Inc 2.73%
  • Oracle Corp 2.22%
  • International Business Machines Corp 2.02%
  • Salesforce Inc 1.56%
  • Amphenol Corp 1.38%
  • Palo Alto Networks Inc 1.15%
  • Arista Networks Inc 1.13%

Open SMH or XLK at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.