The Invesco Semiconductors ETF (PSI) has outperformed the VanEck Semiconductor ETF (SMH) by over 20 percentage points in the past year. PSI’s equal-weight approach spreads investments across about 33 semiconductor stocks, limiting Nvidia to under 4%, while SMH’s market-cap weighted portfolio has Nvidia at nearly 22%. Nvidia’s slower growth compared to other chipmakers caused SMH’s returns to lag despite Nvidia’s strong performance. PSI’s broader exposure to memory, equipment, and analog chipmakers captured more sector gains. Investors seeking a balance can consider SOXX, which caps individual holdings around 8%, or blend SMH and PSI to diversify exposure. PSI’s higher expense ratio and smaller size are trade-offs to consider. The choice depends on whether investors prefer concentrated bets on megacaps like Nvidia or broader semiconductor industry exposure.
Nvidia trades at USD 223.95 on Pluang, down 0.76% as of Sep 25, 2026 04:12 WIB. SMH ETF is priced at USD 600.12, down 0.21%, while SOXX ETF trades at USD 564.63, down 0.19%. These figures highlight current market activity amid the ongoing investor rotation between semiconductor ETFs.
