VanEck Semiconductor ETF’s 138.2% Surge Fueled by Micron and Intel
SMH•VanEck Semiconductor ETF returned 138.2% over the past year driven largely by Micron Technology (8.0% weight) and Intel’s 524.3% rally. Five stocks generated 69% of gains while the top five holdings represent 46.0% of assets, revealing significant concentration risk.
1. Major Return Drivers
Over the past year, the fund returned +138.2%, led by Micron Technology (8.0% weight) and Intel (7.3% weight) whose 524.3% gain powered the bulk of performance.
2. Concentrated Gains
Five biggest contributors accounted for 69% of total returns while the median holding delivered +120.2%, highlighting uneven performance across 26 positions.
3. Top Holdings Exposure
The five largest stocks comprise 46.0% of assets and the top ten 71.1%, indicating that diversification in the ETF is more limited than its holding count implies.
