Summary
VanEck Fabless Semiconductor ETF is an ETF - a fund traded on an exchange like a stock - run by VanEck. Positions inside: 24. The ten largest make up 74% of the fund.
- Yearly costs
- 0.35%
- Fund size
- $245.5M
- Positions
- 24
- Dividend yield
- 0.02%
- Running since
- 2024
What speaks for it
- Costs of 0.35% a year are below the middle of comparable funds (0.44%).
What to watch
- The ten largest positions make up 74% of the fund, so its result rests on a few names.
- 100% of the fund is in one sector (Technology).
- 88% of the fund is in one country (United States).
- In the last five years its price once dropped by 39% from its high.
- A young fund: it has been running only since 2024.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -8.4%
- 3 months
- -4.6%
- This year
- +47%
- 1 year
- +46%
- Avg. market cap
- $1.32T
- P/E
- 47.5x
- Forward P/E
- 32.5x
- P/S
- 13.1x
- P/B
- 10.7x
- P/FCF
- 48.5x
- EV/EBITDA
- 37.1x
- Dividend yield
- 0.30%
- ROIC
- 21.8%
- ROE
- 37.6%
- Gross margin
- 66.7%
- Operating margin
- 30.6%
- Net margin
- 29.5%
- Payout ratio
- 14.4%
- Net debt/EBITDA
- -0.8x
- Beta
- 2.37
Weighted average of the 22 largest companies, which make up 100% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 NVNvidia NVDA 20%
- 2 AVBroadcom AVGO 12%
- 3 AMAMD AMD 7.5%
- 4 SNSynopsys SNPS 5.4%
- 5 CDCadence CDNS 5.2%
- 6 MRMarvell MRVL 5.2%
- 7 QCQualcomm QCOM 5.1%
- 8 CRCredo CRDO 4.8%
- 9 MPMonolithic Power Systems MPWR 4.7%
- 10 ALAstera Labs ALAB 4.5%
Positions in the fund: 24. The ten largest make up 74% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Technology 100%
By country
- United States 88%
- Cayman Islands 5.1%
- United Kingdom 4.1%
- Hong Kong SAR China 2.6%
- Other countries 0.05%
By company size
- Mega cap 44%
- Large cap 45%
- Mid cap 12%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Technology (100%). Largest country: United States (88%). Largest size group: Large cap (45%).
What does it cost me?
Cheap- A year from $10,000
- $35.00
- Over 20 years
- $1,714
From every $10,000 invested the fund takes $35.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $1,714.
How has it done?
Growing over the long run- Over the last year
- +46%
- Deepest drop
- -39%
- Yearly volatility
- 41%
Growth over the last year: 46%. Deepest drop in these years: 39% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.02%
- Last payment
- $0.01
Over the last 12 months it paid $0.01 per share, which is 0.02% of today's price. The last payment was $0.01 on Dec 22, 2025.
Is it easy to buy and sell?
Yes- Traded a day
- $4.92M
- Shares a day
- 88K
On an average day about $4.92M of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 47.5
- Average Bulios Score
- 64 out of 100
Weight by Bulios Fair Price
- Undervalued 6.0%
- Fairly valued 7.4%
- Overvalued 87%
On average the companies inside trade for 47.5 times their yearly profit. By Fair Price, 87% of the rated weight comes out as overvalued.
Counted from its largest companies (22), which make up 100% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
FS FSELX Fidelity Select Semiconductors Portfolio· mutual fund | - | - | $33.6B | +39% | Pays out | 52% |
FE FELIX Fidelity Advisor Semiconductors Fund· mutual fund | - | - | $5.42B | +50% | Pays out | 51% |
FE FELAX Fidelity Advisor Semiconductors Fund Class A· mutual fund | United States | - | $5.02B | +49% | Pays out | 51% |
FE FELTX Fidelity Advisor Semiconductors Fund· mutual fund | - | - | $4.89B | +48% | Pays out | 51% |
FE FELCX Fidelity Advisor Semiconductors Fund Class C· mutual fund | United States | - | $5.40B | +46% | Pays out | 51% |
SM SMH VanEck Semiconductor ETF | United States | 0.35% | $65.4B | +64% | Pays out | 46% |
