ETF comparison

PSI vs SMH

Both Semiconductors.

Invesco Semiconductors ETF · VanEck Semiconductor ETF

Holdings overlap

Weighted by ISIN/CUSIP
41.4 %

14 positions appear in both funds. Buying equal dollars of PSI and SMH would leave roughly 41.4% of each dollar exposed to the same underlying securities.

PSI only 58.5% Shared 41.4% SMH only 58.6%
In PSI only
17 positions
Shared
14 positions
In SMH only
12 positions

Side by side

PSI

Invesco Semiconductors ETF

Invesco · Semiconductors

61 composite / 100
Expense ratio
0.56%
Net assets
$3.10B
TTM yield
0.03%
Top-10 conc.
48.6%
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%

Sub-score comparison

44
Cost
65
85
Tax efficiency
85
78
Liquidity
100
45
Concentration
11
Tracking quality
PSI sub-score SMH

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

Cost difference

SMH is 21 bps cheaper than PSI. On a $100,000 position that's about $210/yr more in fees for PSI.

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 PSI vs SMH.

Top shared holdings

14 shared in total
# Holding In PSI In SMH Overlap
1 Broadcom Inc. 4.84% 7.79% 4.84%
2 Advanced Micro Devices, Inc. 6.26% 4.68% 4.68%
3 Texas Instruments Inc. 4.97% 4.61% 4.61%
4 KLA Corp. 4.39% 4.74% 4.39%
5 Micron Technology, Inc. 4.67% 4.23% 4.23%
6 Lam Research Corp. 3.99% 4.60% 3.99%
7 Applied Materials, Inc. 3.94% 4.59% 3.94%
8 NVIDIA Corp. 3.91% 19.64% 3.91%
9 Analog Devices, Inc. 2.33% 4.70% 2.33%
10 Teradyne, Inc. 2.15% 1.41% 1.41%
11 Monolithic Power Systems, Inc. 2.74% 1.23% 1.23%
12 Microchip Technology Inc. 2.52% 1.00% 1.00%

Only in PSI

17 total
  • MaxLinear, Inc. 7.98%
  • Tower Semiconductor Ltd. 3.61%
  • Diodes Inc. 3.18%
  • Amkor Technology, Inc. 2.96%
  • SiTime Corp. 2.86%
  • FormFactor, Inc. 2.78%
  • Photronics, Inc. 2.68%
  • Lattice Semiconductor Corp. 2.56%
  • nLight, Inc. 2.50%
  • Kulicke and Soffa Industries, Inc. 2.47%

Only in SMH

12 total
  • Taiwan Semiconductor Manufacturing Co Ltd 11.84%
  • ASML Holding NV 4.99%
  • Intel Corp 4.34%
  • QUALCOMM Inc 4.09%
  • Synopsys Inc 2.50%
  • Cadence Design Systems Inc 2.43%
  • Marvell Technology Inc 2.35%
  • NXP Semiconductors NV 1.24%
  • STMicroelectronics NV 0.90%
  • ARM Holdings PLC 0.76%

Open PSI or SMH 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.