AVEM vs SMH: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · as of 2026-05-31
VanEck · 25 holdings · $71.5B · as of 2026-03-31
Holdings snapshots are 61 days apart (AVEM: 2026-05-31, SMH: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are AVEM and SMH?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; VanEck Semiconductor ETF (SMH, by VanEck) holds 25. They have 1 holdings in common, and by portfolio weight the two funds are 6.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1AVEM holds 3893 · SMH holds 25
- Weight in Shared Holdings
- AVEM 6%·SMH 12%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in AVEM
3892 of 3893 positions (93.6% of the fund) are not held by SMH. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVEM | SMH |
|---|---|---|
| Information Technology | 33.8% | 99.9% |
| Financials | 10.7% | 0.0% |
| Consumer Discretionary | 5.1% | 0.0% |
| Materials | 3.7% | 0.0% |
| Communication Services | 3.1% | 0.0% |
| Other Sectors | 7.0% | 0.0% |
| Unclassified | 36.5% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (37% of AVEM, 0% of SMH).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AVEM | -0.3% | +20.6% | +33.7% | +21.9% | +9.9% | — | 1.90% |
| SMH | +0.2% | +61.8% | +100.8% | +55.9% | +34.9% | +34.9% | 0.19% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in AVEM vs SMH →
Shared Holdings(1)
 TSMTaiwan Semiconductor Manufacturing Co Ltd | 6.33% | 11.84% | 6.33% |
|---|
Frequently Asked Questions
How much do AVEM and SMH overlap?
AVEM and SMH overlap by 6.3% of portfolio weight. They share 1 holdings (AVEM holds 3893 positions and SMH holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and SMH?
The two portfolios are 6.3% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of AVEM and SMH?
The largest positions held by both funds are TSM. Together the top 1 shared positions account for 100% of the total overlap.
What does AVEM own that SMH doesn't?
3892 positions (93.6% of AVEM) are unique to AVEM, led by 000660, SMSNRUB and TSMWF. In the other direction, 24 positions (88.1% of SMH) are unique to SMH.