SMHX vs. BELT ETF Comparison

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

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

$27.87

Average Daily Volume

30,347

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$30.04

Average Daily Volume

992

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHX	BELT
30 Days	3.55%	2.62%
60 Days	9.75%	1.68%
90 Days		3.14%
12 Months

2 Overlapping Holdings

	Symbol	Grade	Weight in SMHX	Weight in BELT	Overlap
	CDNS	B	4.64%	5.25%	4.64%
	NVDA	C	22.37%	2.57%	2.57%

SMHX Overweight 19 Positions Relative to BELT

Symbol	Grade	Weight
AVGO	D	13.86%
SNPS	B	5.04%
MRVL	B	4.84%
QCOM	F	4.15%
AMD	F	4.11%
ARM	D	3.85%
RMBS	C	3.61%
CRUS	D	2.96%
LSCC	D	2.95%
PI	D	2.79%
MPWR	F	2.5%
POWI	D	2.23%
SLAB	D	1.84%
AMBA	B	1.7%
ALGM	D	1.57%
SIMO	D	1.53%
SITM	B	1.51%
SMTC	B	1.46%
SYNA	C	1.42%

SMHX Underweight 18 Positions Relative to BELT

Symbol	Grade	Weight
MSFT	F	-12.99%
META	D	-8.41%
GOOG	C	-7.84%
MA	C	-6.98%
NVO	D	-5.18%
SPGI	C	-5.06%
TT	A	-5.03%
IR	B	-4.4%
ISRG	A	-4.34%
HWM	A	-4.21%
CMG	B	-3.94%
INTU	C	-3.89%
MASI	A	-3.51%
TMO	F	-3.07%
ADI	D	-2.83%
ENTG	D	-2.74%
FND	C	-2.54%
LRCX	F	-2.35%