SMH correlations (VanEck Semiconductor ETF)
SMH measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.
Data as of 2026-08-27 · refreshed every trading day · Thematic
Volatility (ann.)
33.7%
3y weekly
Beta vs S&P 500
1.91
3y weekly
1-year return
+93.1%
price, adjusted
5-year return
+332.8%
price, adjusted
Max drawdown
-35.7%
3y, daily closes
SMH over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with SMH
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| SOXX | iShares Semiconductor ETF | 0.98 | |
| XLK | Technology Select Sector SPDR Fund | 0.92 | |
| QQQ | Invesco QQQ Trust | 0.90 | |
| QQQM | Invesco Nasdaq 100 ETF | 0.90 | |
| MTUM | iShares MSCI USA Momentum Factor ETF | 0.89 | |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 0.86 | |
| LRCX | Lam Research | 0.83 | |
| VUG | Vanguard Growth ETF | 0.83 | |
| STK | Columbia Seligman Premium Technology Growth Fund Inc | 0.82 | |
| TSM | Taiwan Semiconductor Manufacturing Company Ltd. | 0.82 | |
| VOO | Vanguard S&P 500 ETF | 0.82 | |
| IVV | iShares Core S&P 500 ETF | 0.82 | |
| SPY | SPDR S&P 500 ETF Trust | 0.82 | |
| ACWI | iShares MSCI ACWI ETF | 0.81 | |
| VTI | Vanguard Total Stock Market ETF | 0.81 |
Best diversifiers for SMH
These are the assets whose returns had the least to do with SMH's, historically the most independent picks in our universe.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.78 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.66 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.59 | |
| ED | Consolidated Edison | -0.30 | |
| GIS | General Mills | -0.23 | |
| DUK | Duke Energy | -0.22 | |
| MACI | Melar Acquisition Corp. I - Class A | -0.21 | |
| CAG | ConAgra Brands, Inc. | -0.21 | |
| AWK | American Water Works | -0.20 | |
| PPC | Pilgrim's Pride Corporation | -0.20 |
SMH vs benchmarks
SMH vs its peers
Get SMH data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/smh.jsonCorrelations, diversifiers, beta and volatility for SMH, plus one endpoint per pair. API documentation.
