Semiconductors
SMH (VanEck Semiconductor ETF) Analysis
SMH holds the world's largest semiconductor companies, including major non-US names like TSMC via ADR, making it one of the most concentrated ways to trade the AI infrastructure buildout.
Investment Theme
What SMH actually holds
Modified-cap-weighted exposure to global semiconductor design, manufacturing, and equipment companies - the most direct single-ticker proxy for AI hardware demand.
Why analyze SMH
- SMH's top-2 holdings (NVDA and TSM) often make up over 30% of the fund, so its risk is really a leveraged bet on those two companies plus the broader chip cycle.
- Semiconductor stocks are historically among the most cyclical and highest-beta names in the market - SMH's Monte Carlo range is typically far wider than QQQ's.
- SMH's option pressure is a useful read on whether AI infrastructure enthusiasm (or fear) is broad-based across chipmakers or concentrated in one name.
Composition
SMH sector & holdings exposure
Top holdings
Sector weights
HPSILab Capabilities
Quantitative research tools for SMH
Every tool below is reachable from MCP, REST API, and the Python SDK, so an AI agent or your own backend can pull the same structured research a human sees on this page.
AI ETF Analysis
AI-generated read on direction, factors, and recent model behavior for this fund.
Volatility Analysis
Realized vs. implied volatility context and Monte Carlo scenario ranges.
IV Radar
Implied volatility structure, skew, and regime classification.
Options Analysis
Full options chain view: Greeks, expected move, and term structure.
Option Pressure
Call/put flow concentration, dealer positioning, and potential pin points.
Monte Carlo Simulation
Thousands of simulated price paths for a probable range, not a single target.
Quantitative Research Report
Generate a presentation-ready research report with charts, signal, and factors.
Search Scenarios
Questions SMH research can answer
FAQ
Frequently asked questions
Does HPSILab support options analysis for SMH?
Yes. SMH has an actively traded options market given its role as the primary semiconductor-sector trading vehicle, with full IV structure, Greeks, expected move, and option pressure analysis available.
What's the difference between SMH and SOXX?
Both track global or US semiconductor companies, but with different weighting methodologies and index rules, which can produce different top-holding concentrations. Compare both pages side by side to see the difference.
Is this ETF research investment advice?
No. This page is for research and educational purposes only and does not constitute investment advice.
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