The Semiconductor ETF's 2026 Return Is About 3 Times Nvidia's
Nvidia is the chip fund's top position. So where did the rest of the fund's gain come from?
Overview
The VanEck Semiconductor ETF (NASDAQ:SMH) is having a huge 2026. As of midday on Sept. 30, the fund sat near $608 a share, up about 69% from its $360.13 close on the last trading day of 2025. This leaves it well ahead of the S&P 500 (SNPINDEX:^GSPC).
Nvidia (NASDAQ:NVDA), the fund's top holding at about 19% of assets as of Sept. 29, has risen too, but nowhere near as much.
Details
The artificial intelligence (AI) chip leader's stock traded around $230 as of this writing, about 23% over its $186.50 year-end close. Put another way, the fund has returned about three times as much as its biggest position this year.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.