VanEck Vectors Semiconductor ETF
ALTAR
Score™
4.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
27.8x P/Sales
ratio
6.9x
P/BV
ratio
6.1x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Semiconductor is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance results of the VanEck Vectors US Listed Semiconductor 25 Index.

FUND BASICS
Category US Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Dec 20, 2011
Assets (mns) $3,627
Currency USD
Expense ratio 35 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $129,527
Large cap (>$10bn) 98.8%
Mid cap ($2-10bn) 1.2%
Small cap (<$2bn) 0.0%
Developed mkts 88.6%
Emerging mkts 11.4%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR-SP ADR 11.4 %
NVIDIA CORP 6.8 %
LAM RESEARCH CORP 5.6 %
APPLIED MATERIALS INC 5.5 %
MICRON TECHNOLOGY INC 5.2 %
QUALCOMM INC 5.1 %
ASML HOLDING NV-NY REG SHS 5.0 %
NXP SEMICONDUCTORS NV 4.7 %
TEXAS INSTRUMENTS INC 4.6 %
INTEL CORP 4.5 %
Total 58.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 73.6 %
TAIWAN 11.4 %
NETHERLANDS 9.7 %
SWITZERLAND 3.2 %
BERMUDA 2.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.7% 39.3% 28.4% -- 23.6%

Market Correlations
versus... Beta R-squared
S&P500 1.17 72%
MSCI EAFE 1.17 59%
MSCI Emg. Mkts. 0.97 63%

Technical Indicators
Recent close $206.42
30d moving avg. $190.55
Annualized volatility 24.7%
Short interest (ETF) 69.8%
Short interest (Underlying) 2.9%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 2,428
Turnover 13.8%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $17,536

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the VanEck Vectors Semiconductor ETF ETF based on the alternatives' overlap in portfolio holdings with SMH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SMH Expense: 35 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SMH
Ticker Fund
Name
Overlap1
vs SMH
(%)
Expense
ratio
(bp)
Savings
vs SMH
(bp)
ALTAR
Score™
(%)
ALTAR
vs SMH
(%)
SOXX iShares PHLX Semiconductor ETF 77.7 46 -11 4.9 +0.1
FTXL First Trust Nasdaq Semiconductor ETF 51.2 60 -25 3.9 -0.9
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 48.1 57 -22 4.5 -0.3
XSD SPDR S&P Semiconductor ETF 40.6 35 0 3.5 -1.3
PSI Invesco Dynamic Semiconductors ETF 37.7 57 -22 4.0 -0.8
XNTK SPDR NYSE Technology ETF 33.0 35 0 3.2 -1.6
JHMT John Hancock Multifactor Technology ETF 31.3 40 -5 4.3 -0.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 29.9 50 -15 6.2 +1.5
FIVG Defiance Next Gen Connectivity ETF 28.9 30 5 4.4 -0.4
QTUM Defiance Quantum ETF 26.9 40 -5 4.9 +0.1
RYT Invesco S&P 500 Equal Weight Technology ETF 26.4 40 -5 6.0 +1.2
TDV ProShares S&P Technology Dividend Aristocrats ETF 22.6 46 -11 4.4 -0.4
IDRV iShares Self-driving EV & Tech ETF 21.7 47 -12 5.4 +0.6
NXTG First Trust Indxx NextG ETF 21.5 70 -35 5.5 +0.7
KOIN Innovation Shares NextGen Protocol ETF 21.4 95 -60 4.1 -0.7
WUGI Esoterica NextG Economy ETF 21.1 75 -40 1.3 -3.5
IYW iShares U.S. Technology ETF 19.7 43 -8 3.6 -1.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 19.4 59 -24 4.0 -0.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 19.3 35 0 4.2 -0.6
XLK Technology Select Sector SPDR Fund 19.2 13 22 4.5 -0.3
GBGR Global Beta Momentum-Growth ETF 19.0 29 6 5.1 +0.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 17.2 70 -35 3.0 -1.8
FTEC Fidelity MSCI Information Technology Index ETF 17.1 8 27 4.2 -0.6
MOTO SmartETFs Smart Transportation & Technology ETF 17.0 68 -33 6.0 +1.2
VGT Vanguard Information Technology Index Fund 16.8 10 25 4.2 -0.6
FXL First Trust Technology AlphaDEX Fund 16.7 61 -26 3.6 -1.2
DRIV Global X Autonomous & Electric Vehicles ETF 15.9 68 -33 4.8 -0.0
IQM Franklin Intelligent Machines ETF 15.5 50 -15 1.6 -3.2
RPG Invesco S&P 500 Pure Growth ETF 15.4 35 0 4.1 -0.7
FFTY Innovator IBD 50 ETF 15.3 80 -45 3.8 -1.0
BUL Pacer US Cash Cows Growth ETF 15.2 60 -25 6.1 +1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 15.2 75 -40 3.9 -0.9
AIQ Global X Future Analytics Tech ETF 15.1 68 -33 3.7 -1.1
IXN iShares Global Tech ETF 15.1 46 -11 4.1 -0.7
TECB iShares US Tech Breakthrough Multisector ETF 14.6 40 -5 3.8 -1.0
IGM iShares Expanded Tech Sector ETF 14.4 46 -11 3.5 -1.3
QYLD Global X NASDAQ 100 Covered Call ETF 13.4 60 -25 3.3 -1.5
NUSI Nationwide Risk-Managed Income ETF 13.3 68 -33 3.5 -1.3
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 13.2 60 -25 3.3 -1.5
VLUE iShares MSCI USA Value Factor ETF 13.2 15 20 10.2 +5.4
RNLC Large Cap US Equity Select ETF 13.1 60 -25 5.5 +0.7
QQQM Invesco NASDAQ 100 ETF 13.0 15 20 3.7 -1.1
QQQ Invesco QQQ Trust 13.0 20 15 3.7 -1.1
PEXL Pacer US Export Leaders ETF 12.8 60 -25 5.4 +0.6
VEGN US Vegan Climate ETF 12.2 60 -25 4.7 -0.1
EKAR Innovation Shares NextGen Vehicles & Technology ETF 12.1 95 -60 5.8 +1.0
SPHQ Invesco S&P 500 Quality ETF 12.0 15 20 4.4 -0.4
LRNZ TrueMark Technology, AI & Deep Learning ETF 12.0 68 -33 0.1 -4.7
SPQQ Siren Large Cap Blend Index ETF 11.9 20 15 4.4 -0.4
SPMO Invesco S&P 500 Momentum ETF 11.7 13 22 3.9 -0.9
FRDM Freedom 100 Emerging Markets ETF 11.4 49 -14 5.8 +1.0
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 11.4 18 17 4.9 +0.1
ESPO VanEck Vectors Video Gaming & eSports ETF 11.2 55 -20 3.1 -1.7
XT iShares Exponential Technologies ETF 11.1 47 -12 4.6 -0.2
QGRO American Century STOXX U.S. Quality Growth ETF 10.8 29 6 3.1 -1.7
RDVY First Trust Rising Dividend Achievers ETF 10.7 50 -15 6.9 +2.1
ARKQ Ark Industrial Innovation ETF 10.7 75 -40 0.4 -4.4
PTF Invesco DWA Technology Momentum ETF 10.6 60 -25 -0.8 -5.6
BIBL Inspire ETF 10.6 35 0 4.5 -0.3
LEGR First Trust Index Digital Transaction & Process Technology E 10.5 65 -30 8.7 +3.9
THNQ ROBO Global Artificial Intelligence ETF 10.5 68 -33 1.5 -3.3
PWB Invesco Dynamic Large Cap Growth ETF 10.3 56 -21 3.2 -1.6
IETC iShares Evolved U.S. Technology ETF 10.2 18 17 3.6 -1.2
BLCN Reality Shares Nasdaq NextGen Economy ETF 10.2 68 -33 5.1 +0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 9.9 15 20 5.8 +1.0
DSTL Distillate US Fundamental Stability & Value ETF 9.8 39 -4 5.9 +1.1
MOAT VanEck Vectors Morningstar Wide Moat ETF 9.6 49 -14 6.2 +1.4
FLQL Franklin LibertyQ U.S. Equity ETF 9.5 15 20 5.8 +1.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 9.5 75 -40 2.3 -2.5
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 9.5 99 -64 1.4 -3.4
MTUM iShares MSCI USA Momentum Factor ETF 9.4 15 20 4.0 -0.8
JVAL JPMorgan U.S. Value Factor ETF 9.2 12 23 7.5 +2.7
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 9.2 21 14 2.8 -2.0
VPN Global X Data Center REITs & Digital Infrastructure ETF 9.1 50 -15 4.7 -0.1
LRGE ClearBridge Large Cap Growth ESG ETF 9.1 59 -24 3.5 -1.3
RNDV US Equity Dividend Select ETF 9.0 50 -15 7.7 +2.9
SNSR Global X Internet of Things Thematic ETF 9.0 68 -33 4.4 -0.4
JQUA JPMorgan U.S. Quality Factor ETF 8.8 12 23 5.1 +0.3
ETHO Etho Climate Leadership U.S. ETF 8.7 47 -12 4.0 -0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 8.6 49 -14 3.9 -0.9
CACG ClearBridge All Cap Growth ETF 8.6 54 -19 4.0 -0.8
SCHD Schwab U.S. Dividend Equity ETF 8.5 6 29 7.2 +2.4
FMK First Trust Mega Cap AlphaDEX Fund 8.5 70 -35 4.7 -0.1
LRGF iShares Edge MSCI Multifactor USA ETF 8.4 20 15 6.8 +2.0
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 8.3 25 10 7.0 +2.2
GVIP Goldman Sachs Hedge Industry VIP ETF 8.3 45 -10 3.4 -1.4
JMOM JPMorgan U.S. Momentum Factor ETF 8.2 12 23 3.2 -1.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 8.2 19 16 5.5 +0.7
NULG Nuveen ESG Large-Cap Growth ETF 8.2 35 0 3.5 -1.3
VOOG Vanguard S&P 500 Growth ETF 8.1 10 25 4.1 -0.7
XKST SPDR Kensho Smart Mobility ETF 8.1 45 -10 3.6 -1.2
SYG SPDR MFS Systematic Growth Equity ETF 8.1 60 -25 4.0 -0.8
JKE iShares Morningstar Large-Cap Growth ETF 8.0 25 10 2.8 -2.0
IRBO iShares Robotics & Artificial Intelligence ETF 8.0 47 -12 2.4 -2.4
AIEQ AI Powered Equity ETF 7.8 87 -52 1.9 -2.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 7.8 52 -17 5.0 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 7.8 4 31 4.1 -0.7
IVW iShares S&P 500 Growth ETF 7.8 18 17 4.0 -0.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
VanEck Vectors Semiconductor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 27.0 %
Divided by: Fwd. P/BV 5.3 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.