GBTC vs SMH
Grayscale Bitcoin Trust vs VanEck Semiconductor ETF
GBTC$48.93
Grayscale Bitcoin Trust
Spot Bitcoin ETF from Grayscale.
Expense: 1.50%Yield: 0.00%
SMH$613.98
VanEck Semiconductor ETF
25 largest semiconductor companies.
Expense: 0.35%Yield: 0.17%
Quick take
- • SMH has the lower expense ratio at 0.35% vs 1.50% for GBTC.
- • SMH pays a higher dividend yield (0.17%).
Side-by-side metrics
| Metric | GBTC | SMH |
|---|---|---|
Expense ratio Annual fee. Lower is better. | 1.50% | 0.35% |
Dividend yield Trailing 12-month yield. | 0.00% | 0.17% |
AUM Assets under management — bigger funds are typically more liquid. | $8.13B | $77.20B |
YTD return | -29.43% | 64.66% |
1-year return | — | — |
3-year return Annualized. | — | — |
5-year return Annualized. | — | — |
10-year return Annualized. | — | — |
Beta (3Y) Volatility relative to the market. Closer to 1 = market-like. | 0.00 | 1.98 |
P/E ratio | — | 39.75 |
Last price | $48.93 | $613.98 |
Inception | — | — |
Issuer | Grayscale | VanEck |
GBTC top holdings
Holdings data unavailable for GBTC.
SMH top holdings
Top holdings · SMH
| NVDA | NVIDIA Corp | 17.75% |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd ADR | 9.19% |
| MU | Micron Technology Inc | 5.84% |
| AMAT | Applied Materials Inc | 5.73% |
| AMD | Advanced Micro Devices Inc | 5.43% |
| AVGO | Broadcom Inc | 5.41% |
| KLAC | KLA Corp | 5.34% |
| LRCX | Lam Research Corp | 5.23% |
| INTC | Intel Corp | 5.04% |
| ASML | ASML Holding NV ADR | 4.95% |
Sector breakdown · SMH
Technology100.0%
About GBTC
GBTC (Grayscale Bitcoin Trust) is Spot Bitcoin ETF from Grayscale. Managed by Grayscale, the fund carries $8.1B in assets under management, an expense ratio of 1.50%.
About SMH
SMH (VanEck Semiconductor ETF) is 25 largest semiconductor companies. Managed by VanEck, the fund carries $77.2B in assets under management, an expense ratio of 0.35%, a dividend yield of 0.17%. Its largest holding is NVIDIA Corp (NVDA), which represents 17.8% of the portfolio. Technology is the fund's largest sector exposure at 100.0%.