ETF comparison
SMH vs XLK
Semiconductors vs Technology.
VanEck Semiconductor ETF · State Street Technology Select Sector SPDR ETF
Holdings overlap
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.
Side by side
Sub-score comparison
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.