Semiconductors ETFs

The Performance / Risk chart of the Semiconductors ETFs suggests that investment allocations across the industry, heavily concentrated between approx. 25 to 30 stocks including design, manufacture, and distribution of semiconductors, is not strictly aligned across the specialized funds

The spread in performance and volatility (reflecting risk exposure) sets the funds favoring the largest companies in the industry apart

VanEck Semiconductor ETF (SMH®)
iShares Semiconductor ETF

ETFs with a fuller representation, and a tilt towards much smaller growth companies, seek diversification

equal weighted, with exposure across large, mid and small cap stocks - SPDR® S&P® Semiconductor ETF
based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value - Invesco Dynamic Semiconductors ETF

ASML Holding , a manufacturer of advanced chip-making equipment, is the benchmark of the semiconductor theme, because the order book of equipment makers will usually be front-running industry trends

Leveraged ETFs are not included in the theme

Direxion Daily Semiconductor Bull 3x Shares
ProShares Ultra Semiconductors 2x
GraniteShares 1.5x Long NVDA Daily ETF

Name	Ticker	Category	SubCategory	Cur. Price	Performance	Momentum	Risk Rank
iShares Semiconductor ETF	SOXX	Technology	Semiconductors	551.24	129.9%	Weak Down	High Risk
VanEck Vectors® Semiconductor ETF	SMH	Technology	Semiconductors	580.17	102.6%	Weak Down	High Risk
Invesco Dynamic Semiconductors ETF	PSI	Technology	Semiconductors	153.19	154.1%	Weak Down	High Risk
SPDR® S&P Semiconductor ETF	XSD	Technology	Semiconductors	523.33	97.6%	Weak Down	High Risk
First Trust Nasdaq Semiconductor ETF	FTXL	Technology	Semiconductors	240.09	147.1%	Weak Down	High Risk
Invesco PHLX Semiconductor ETF	SOXQ	Technology	Semiconductors	97.16	120.1%	Weak Down	High Risk
Strive U.S. Semiconductor ETF	SHOC	Technology	Semiconductors	108.32	97.6%	Weak Down	High Risk