SMH vs IGV: Complete Comparison
VanEck Semiconductor ETF vs iShares Expanded Tech-Software ETF โ overlap, correlation, performance & risk analysis
Visual Overlap
Price Performance
Historical price comparison over 3M
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
๐ SMH wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: SMH wins with better expense ratio and 5-year return. Consider SMH for your portfolio, but IGV is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
2 shared holdings representing 5.0% portfolio overlap
Top Shared Holdings
| # | Stock | SMH Weight | IGV Weight | Overlap |
|---|---|---|---|---|
| 1 | CDNS CDNS | 2.62% | 2.86% | 2.62% |
| 2 | SNPS SNPS | 2.54% | 2.37% | 2.37% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in SMH
Unique to SMH
| Symbol | Name | Weight |
|---|---|---|
| NVDA | NVDA | 16.92% |
| TSM | TSM | 9.45% |
| AVGO | AVGO | 8.91% |
| MU | MU | 6.58% |
| AMAT | AMAT | 5.97% |
Top Holdings Only in IGV
Unique to IGV
| Symbol | Name | Weight |
|---|---|---|
| PLTR | PLTR | 9.86% |
| MSFT | MSFT | 8.59% |
| CRM | CRM | 7.29% |
| ORCL | ORCL | 6.23% |
| INTU | INTU | 5.75% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.
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