SMHX vs. NBSM ETF Comparison

Comparison of VanEck Fabless Semiconductor ETF (SMHX) to Neuberger Berman Small-Mid Cap ETF (NBSM)

SMHX

VanEck Fabless Semiconductor ETF

SMHX Description

The fund normally invests at least 80% of its total assets in securities that comprise the fund"s benchmark index. The Fabless Index is composed of U.S.-listed common stocks of companies that derive at least 50% of their revenues from the semiconductor industry and operate as fabless semiconductor companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.99

Average Daily Volume

29,749

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NBSM

Neuberger Berman Small-Mid Cap ETF

NBSM Description

NBSM focuses on capital growth primarily through investments in small- and mid-cap firms. The fund seeks out undervalued companies with strong market positions and financial health, mainly in domestic markets with a minor proportion in foreign securities. Utilizing a bottom-up analysis, the fund manager identifies organizations they believe are valued below their intrinsic worth. Key considerations include historical returns, market niche, barriers to entry, and self-financing capabilities, emphasizing companies with established business operations over speculative growth prospects. NBSM aims to capitalize on market inefficiencies and manage risks through diversification and fundamental analysis. Furthermore, the manager also takes into account ESG factors into their decision making whenever applicable, aiming for a more comprehensive evaluation of potential investments. The fund may sell a security if it underperforms, reaches a set price or when better investment opportunities arise.

Grade (RS Rating)

Last Trade

$26.76

Average Daily Volume

11,438

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHX	NBSM
30 Days	0.58%	0.09%
60 Days	8.16%	2.02%
90 Days		3.36%
12 Months

2 Overlapping Holdings

	Symbol	Grade	Weight in SMHX	Weight in NBSM	Overlap
	LSCC	D	2.92%	1.77%	1.77%
	POWI	D	2.25%	1.59%	1.59%

SMHX Overweight 19 Positions Relative to NBSM

Symbol	Grade	Weight
NVDA	A	22.39%
AVGO	C	14.4%
SNPS	C	5.08%
MRVL	B	4.87%
CDNS	B	4.6%
QCOM	F	4.39%
AMD	F	4.13%
ARM	F	3.9%
RMBS	C	3.62%
CRUS	F	2.98%
PI	D	2.72%
MPWR	F	2.57%
SLAB	F	1.89%
AMBA	B	1.67%
SIMO	D	1.55%
ALGM	F	1.54%
SITM	B	1.47%
SYNA	D	1.47%
SMTC	C	1.4%

SMHX Underweight 44 Positions Relative to NBSM

Symbol	Grade	Weight
FICO	B	-4.27%
EXP	B	-3.88%
KEX	B	-3.67%
WSO	A	-3.19%
ITT	A	-3.11%
VMI	B	-3.11%
RYAN	B	-3.08%
ATR	B	-2.93%
RBC	A	-2.92%
HAE	C	-2.9%
TYL	B	-2.72%
CNX	A	-2.68%
TTEK	F	-2.46%
CHE	F	-2.41%
RLI	A	-2.33%
CBU	B	-2.21%
MKSI	C	-2.17%
TTC	F	-2.12%
CR	A	-2.09%
GGG	B	-2.04%
LFUS	D	-1.99%
LECO	C	-1.99%
TXRH	B	-1.94%
ENTG	F	-1.88%
CFR	B	-1.86%
TECH	F	-1.81%
NXST	C	-1.77%
TDW	F	-1.59%
PB	A	-1.59%
TSCO	D	-1.59%
BSY	D	-1.54%
SPSC	F	-1.51%
CHD	A	-1.51%
LNT	A	-1.49%
ROL	B	-1.46%
SSD	D	-1.37%
ICLR	F	-1.21%
MANH	D	-1.16%
IBP	F	-1.15%
BFAM	F	-1.14%
FND	F	-1.09%
AWI	B	-1.04%
CNM	C	-0.99%
CVLT	B	-0.51%