24/7 Wall Street
08 Aug 2026, 22:41 UTC · 2h ago
Forget SMH. The Chip Fund That Owns Less Nvidia Is Beating It by 20 Points
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
24/7 Wall Street
08 Aug 2026, 22:41 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
3 claims · each scored for market impact
Semiconductor market leadership is broadening in 2026, causing capped-weight ETFs like SOXX to outperform cap-weighted ETFs like SMH by approximately 20 percentage points year-to-date. — This indicates a shift in investor sentiment and price action away from a few mega-cap dominant names toward a wider array of semiconductor companies.
+0.50The iShares Semiconductor ETF (SOXX) has returned 80.24% year-to-date in 2026, compared to SMH's 59.86%. — Direct performance data validates the trend of broadening sector gains and impacts fund flow decisions.
+0.30The Invesco PHLX Semiconductor ETF (SOXQ) provides semiconductor exposure at a significantly lower expense ratio of 0.10% compared to SMH's 0.35% and SOXX's 0.33%. — Fee differentials impact long-term net returns for retail investors but have minimal effect on the underlying stock prices.
+0.10Which stocks this story touches
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Cited as having strong individual performance that contributed to the broadening chip market.
Cited as having strong individual performance that contributed to the broadening chip market.
Mentioned as one of the top positions whose underperformance has pulled down the SMH fund.
Mentioned as one of the top positions whose underperformance has pulled down the SMH fund.
Mentioned as one of the top positions whose underperformance has pulled down the SMH fund.
Mentioned only as a top holding in a fund without specific performance commentary.
Mentioned as a core holding across multiple funds without a specific directional catalyst.
[mutual] Both are listed as top semiconductor industry leaders in major AI-focused funds.
[mutual] Both are described as industry leaders in the semiconductor sector and top holdings in chip ETFs.
[mutual] Both are identified as dominant names within the semiconductor sector.
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