BELT vs. SMHX ETF Comparison

Comparison of BlackRock Long-Term U.S. Equity ETF (BELT) to VanEck Fabless Semiconductor ETF (SMHX)

BELT

BlackRock Long-Term U.S. Equity ETF

BELT Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of U.S. issuers and derivatives with similar economic characteristics. It may invest up to 20% of its assets in equity securities of foreign issuers, including ADRs and GDRs. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.36

Average Daily Volume

990

Number of Holdings ^*

20

* may have additional holdings in another (foreign) market

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 ^*

21

* may have additional holdings in another (foreign) market

Performance

Period	BELT	SMHX
30 Days	1.17%	1.55%
60 Days	1.28%	10.16%
90 Days	2.70%
12 Months

2 Overlapping Holdings

	Symbol	Grade	Weight in BELT	Weight in SMHX	Overlap
	CDNS	B	5.26%	4.6%	4.6%
	NVDA	B	2.5%	22.39%	2.5%

BELT Overweight 18 Positions Relative to SMHX

	Symbol	Grade	Weight
	MSFT	D	12.96%
	META	D	8.52%
	GOOG	C	7.72%
	MA	B	6.87%
	NVO	F	5.28%
	SPGI	C	5.04%
	TT	A	4.96%
	IR	B	4.4%
	ISRG	A	4.24%
	INTU	B	4.18%
	HWM	A	4.11%
	CMG	B	3.9%
	MASI	B	3.4%
	TMO	F	3.21%
	ENTG	D	2.84%
	ADI	D	2.8%
	FND	D	2.56%
	LRCX	F	2.43%

BELT Underweight 19 Positions Relative to SMHX

	Symbol	Grade	Weight
	AVGO	D	-14.4%
	SNPS	B	-5.08%
	MRVL	B	-4.87%
	QCOM	F	-4.39%
	AMD	F	-4.13%
	ARM	F	-3.9%
	RMBS	B	-3.62%
	CRUS	D	-2.98%
	LSCC	D	-2.92%
	PI	D	-2.72%
	MPWR	F	-2.57%
	POWI	F	-2.25%
	SLAB	F	-1.89%
	AMBA	B	-1.67%
	SIMO	D	-1.55%
	ALGM	D	-1.54%
	SITM	B	-1.47%
	SYNA	C	-1.47%
	SMTC	B	-1.4%

BELT: Top Represented Industries & Keywords

Industries: Internet Content & Information Medical Instruments & Supplies Semiconductor Equipment & Materials Semiconductors Software - Application Specialty Industrial Machinery Biotechnology Capital Markets Credit Services Diagnostics & Research Diversified Industrials Home Improvement Stores Restaurants Software - Infrastructure

Keywords: S&P 500 Nasdaq 100 Computing Integrated Circuits Hyperscale IBD 50 Refrigeration Semiconductor Smartphones Software Aerospace Camera Chemical Vapor Deposition Dow Jones Component Electronic Design Electronic Engineering Electronics Manufacturing Process Medicine Mobile Devices

SMHX: Top Represented Industries & Keywords

Industries: Semiconductors Software - Application Electronic Components Semiconductor Equipment & Materials Semiconductor Memory

Keywords: Fabless Semiconductor Companies Integrated Circuits Semiconductor Nasdaq 100 Electronic Engineering S&P 500 Electronics Computing Consumer Electronics Design Manufacturers Electrical Engineering Ethernet Mobile Devices Smartphones Camera Communications Products Consumer Applications Electromagnetism Modem Notebook Computer