ETF Evaluator:
VanEck China Semiconductor ETF ()
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(as of Aug 26)
Best Performing in Technology Over the Last Year
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ETF Details
VanEck China Semiconductor ETF Overview
VanEck China Semiconductor ETF (SMHC) is a passively managed Sector Equity Technology exchange-traded fund (ETF). VanEck launched the ETF in 2026.
The investment seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MarketVector™ China Semiconductor 25 Index.
The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The index is a rules-based, modified capitalization-weighted, float-adjusted index intended to track the performance of 25 of the largest and most liquid Chinese companies in the semiconductor industry. It will seek to achieve its investment objective by primarily investing directly in A-shares. The fund is non-diversified.
About VanEck China Semiconductor ETF (SMHC)
There are 2 members of the management team with an average tenure of 0.10 years: Peter Liao (2026) and Ralph Lasta (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MarketVector China SMC 25 NR USD index with a weighting of 100%. VanEck China Semiconductor ETF has 27 securities in its portfolio. The top 10 holdings constitute 17.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VanEck China Semiconductor ETF is part of the Equity global asset class and is within the Sector Equity ETF group. VanEck China Semiconductor ETF has 29.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 29.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VanEck China Semiconductor ETF has 70.9% of the portfolio in cash.
Assets Under Management
The fund has $40 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SMHC Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck China Semiconductor ETF expense ratio is above average compared to funds in the Technology category. VanEck China Semiconductor ETF has an expense ratio of 0.65%, which is 21% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck China Semiconductor ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 39% for the Technology category.
Recently, in the month of July 2026, VanEck China Semiconductor ETF returned -33.5%, which earned it a grade of F, as the Technology category had an average return of -9.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck China Semiconductor ETF has a trailing yield of 0.00%, which is below the 0.45% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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SMHC Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SMHC Return (NAV) | -33.5% | na | na | na | na | na |
| SMHC Return (Price) | -35.0% | na | na | na | na | na |
| NAV +/- Price Return | 1.521% | na | na | na | na | na |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| SMHC Grade (NAV) | F | na | na | na | na | na |
| +/- Category (NAV) | -23.7% | na | na | na | na | na |
| SMHC Tax-Cost Ratio | na | na | na | na | na | na |
SMHC Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SMHC Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| SMHC Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| SMHC Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 41 Mil |
| Share Class Assets: | $ 41 Mil |
| Turnover: | na |
| Expense Ratio: | 0.65% |
| Index Fund: | Yes |
| Index Tracked: | MarketVector China SMC 25 NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Liao Peter (2026), Lasta Ralph (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 27 |
| % in Top 10 Holdings: | 17.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 29.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 29.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 70.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-2333 |
| Website: | www.marketvectorsetfs.com |
| Inception Date: | June 23, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.54% |
