SMH vs VLUE: Holdings Overlap
VanEck · 25 holdings · $71.5B · as of 2026-03-31
VLUEiShares MSCI USA Value Factor ETF
iShares · 148 holdings · $9.5B · as of 2026-04-30
Holdings snapshots are 30 days apart (SMH: 2026-03-31, VLUE: 2026-04-30). 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 SMH and VLUE?
VanEck Semiconductor ETF (SMH, by VanEck) holds 25 positions; iShares MSCI USA Value Factor ETF (VLUE, by iShares) holds 148. They have 6 holdings in common, and by portfolio weight the two funds are 15.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6SMH holds 25 · VLUE holds 148
- Weight in Shared Holdings
- SMH 19%·VLUE 28%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 SMH
19 of 25 positions (80.8% of the fund) are not held by VLUE.
Sector Breakdown
| Sector | SMH | VLUE |
|---|---|---|
| Information Technology | 99.9% | 43.9% |
| Financials | 0.0% | 10.9% |
| Health Care | 0.0% | 8.4% |
| Communication Services | 0.0% | 8.3% |
| Consumer Discretionary | 0.0% | 8.0% |
| Other Sectors | 0.0% | 20.2% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SMH | +0.2% | +61.8% | +100.8% | +55.9% | +34.9% | +34.9% | 0.19% |
| VLUE | +3.0% | +45.7% | +77.9% | +30.1% | +16.5% | +14.7% | 1.42% |
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 SMH vs VLUE →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by INTC, MU and AMAT.
 INTCIntel Corporation COM | 4.34% | 9.26% | 4.34% |
|---|---|---|---|
 MUMicron Technology Inc. COM | 4.23% | 11.60% | 4.23% |
 AMATApplied Materials Inc. COM | 4.59% | 3.66% | 3.66% |
 QCOMQUALCOMM Inc. COM | 4.09% | 1.80% | 1.80% |
 NXPINXP Semiconductors NV EUR0.20 | 1.24% | 1.00% | 1.00% |
 ONON Semiconductor Corp. COM | 0.60% | 0.78% | 0.60% |
Frequently Asked Questions
How much do SMH and VLUE overlap?
SMH and VLUE overlap by 15.6% of portfolio weight. They share 6 holdings (SMH holds 25 positions and VLUE holds 148), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SMH and VLUE?
The two portfolios are 15.6% 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 SMH and VLUE?
The largest positions held by both funds are INTC, MU, AMAT, QCOM and NXPI. Together the top 6 shared positions account for 100% of the total overlap.
What does SMH own that VLUE doesn't?
19 positions (80.8% of SMH) are unique to SMH, led by NVDA, TSM and AVGO. In the other direction, 142 positions (71.7% of VLUE) are unique to VLUE.