PSI vs SMH: holdings overlap, shared companies and scores
As of September 11, 2026, PSI and SMH overlap 38.4% by weight. Invesco Semiconductors ETF (PSI): U.S. semiconductor companies. VanEck Semiconductor ETF (SMH): Global semiconductor firms.
Updated September 11, 2026
How much do PSI and SMH overlap?
As of September 11, 2026, PSI and SMH overlap 38.4% by weight.
48% of PSI is already inside SMH.
39% of SMH is already inside PSI.
PSI holds 30 companies and SMH holds 25; 11 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score PSI and SMH?
As of September 11, 2026, ETF Copilot scores PSI 5.6 out of 10 and SMH 6.8 out of 10.
They differ most on Quality: PSI 3.5 and SMH 10.0.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | PSI | SMH |
|---|---|---|
| Growth | 9.9 | 9.6 |
| Valuation | 0.1 | 0.6 |
| Risk | 0.5 | 1.0 |
| Quality | 3.5 | 10.0 |
| Return | 9.9 | 10.0 |
SMH is the cheaper of the two at 0.35% a year
As of September 11, 2026, PSI charges 0.55% a year, yields 0.64% and holds $2.6B in assets across 30 positions.
As of September 11, 2026, SMH charges 0.35% a year, yields 0.68% and holds $71.1B in assets across 25 positions.
| Measure | PSI | SMH |
|---|---|---|
| Expense ratio | 0.55% | 0.35% |
| Dividend yield | 0.64% | 0.68% |
| Assets under management | $2.6B | $71.1B |
| Holdings | 30 | 25 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where PSI and SMH trade against their own history
PSI trades at 49.1 times earnings, against its own median of 19.9, and is more expensive than 97% of its own 114 monthly readings since 2017.
SMH trades at 40.2 times earnings, against its own median of 20.1, and is more expensive than 95% of its own 114 monthly readings since 2017.
What moved PSI and SMH this week
PSI rose 7.7% in the week to September 11, 2026. The holdings that moved it most were Semtech (+23.5%), Cohu (+24.1%) and Intel (+12.3%); Wolfspeed (−3.4%) pushed the other way.
SMH rose 2.9% in the week to September 11, 2026. The holdings that moved it most were Advanced Micro Devices (+13.1%), Marvell Technology (+13.1%) and Intel (+12.3%); Nvidia (−4.4%) pushed the other way.
What do PSI and SMH each hold?
What's inside PSI: Tech 100%, Semiconductors 97%.
47% of PSI is its ten largest holdings.
What's inside SMH: Tech 100%, Semiconductors 96%.
72% of SMH is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “PSI vs SMH holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/psi-vs-smh
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