SMHX vs. SSG ETF Comparison

Comparison of VanEck Fabless Semiconductor ETF (SMHX) to ProShares UltraShort Semiconductors (SSG)

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

$27.49

Average Daily Volume

30,191

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SSG

ProShares UltraShort Semiconductors

SSG Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. SemiconductorsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the semiconductor sub-sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.06

Average Daily Volume

37,814

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHX	SSG
30 Days	1.55%	1.54%
60 Days	10.16%	-23.21%
90 Days		-15.94%
12 Months		-81.33%

9 Overlapping Holdings

Symbol	Grade	Weight in SMHX	Weight in SSG	Overlap
AMD	F	4.13%	4.48%	4.13%
AVGO	D	14.4%	9.66%	9.66%
CRUS	D	2.98%	0.38%	0.38%
MPWR	F	2.57%	0.58%	0.58%
MRVL	B	4.87%	1.5%	1.5%
NVDA	B	22.39%	12.05%	12.05%
QCOM	F	4.39%	8.64%	4.39%
SLAB	F	1.89%	0.41%	0.41%
SMTC	B	1.4%	0.29%	0.29%

SMHX Overweight 12 Positions Relative to SSG

Symbol	Grade	Weight
SNPS	B	5.08%
CDNS	B	4.6%
ARM	F	3.9%
RMBS	B	3.62%
LSCC	D	2.92%
PI	D	2.72%
POWI	F	2.25%
AMBA	B	1.67%
SIMO	D	1.55%
ALGM	D	1.54%
SITM	B	1.47%
SYNA	C	1.47%

SMHX Underweight 16 Positions Relative to SSG

Symbol	Grade	Weight
INTC	C	-20.47%
TXN	C	-9.72%
MU	D	-5.04%
AMAT	F	-4.58%
LRCX	F	-3.53%
ADI	D	-3.48%
KLAC	F	-2.23%
MCHP	F	-2.06%
SWKS	F	-1.67%
QRVO	F	-1.06%
TER	F	-0.93%
ON	D	-0.81%
OLED	F	-0.71%
ENTG	D	-0.6%
MKSI	C	-0.5%
IDCC	B	-0.15%