PSI vs SMH: holdings overlap, shared companies and scores
As of October 28, 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 October 28, 2026
Where PSI and SMH trade against their own history
PSI trades at 43.1 times earnings, against its own median of 24.4, and is more expensive than 96% of its own last 9 years.
SMH trades at 31.2 times earnings, against its own median of 27.1, and is more expensive than 63% of its own last 9 years.
What moved PSI and SMH this week
PSI rose 1.7% in the week to October 28, 2026. The holdings that moved it most were Texas Instruments (+8.8%), Micron Technology (+7.6%) and Analog Devices (+5.5%); Teradyne (−9.3%) pushed the other way.
SMH rose 2.0% in the week to October 28, 2026. The holdings that moved it most were SK Hynix American Depository (+15.0%), Texas Instruments (+8.8%) and Micron Technology (+7.6%); Nvidia (−3.0%) pushed the other way.
What do PSI and SMH each hold?
What's inside PSI: Tech 100%, Semiconductors 98%.
49% of PSI is its ten largest holdings.
What's inside SMH: Tech 100%, Semiconductors 92%.
69% of SMH is its ten largest holdings.
How much do PSI and SMH overlap? 38.4% by weight
As of October 28, 2026, PSI and SMH overlap 38.4% by weight.
51% of PSI is already inside SMH.
38% 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? 5.6 and 7.3 out of 10
As of October 28, 2026, ETF Copilot scores PSI 5.6 out of 10 and SMH 7.3 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 | 9.8 | 9.9 |
| Value | 0.2 | 3.0 |
| Risk | 0.4 | 0.7 |
| Quality | 3.5 | 10.0 |
| Return | 9.9 | 10.0 |
SMH is the cheaper of the two at 0.35% a year
As of October 28, 2026, PSI charges 0.55% a year and holds $2.5B in assets across 30 positions.
As of October 28, 2026, SMH charges 0.35% a year, yields 0.19% and holds $71.0B in assets across 25 positions.
| Measure | PSI | SMH |
|---|---|---|
| Expense ratio | 0.55% | 0.35% |
| Dividend yield | — | 0.19% |
| Assets under management | $2.5B | $71.0B |
| 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.
Compare with similar funds
Cite this
ETF Copilot, “PSI vs SMH holdings overlap and scores”, as of October 28, 2026.
https://etf-copilot.com/compare/psi-vs-smh
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