SMH
StockVanEck Semiconductor ETF
Nothing to see here.
VanEck Semiconductor ETF is 9.1% off its high — a mild dip, shallower than its 5.2% average pullback. Whatever the news says today, this isn't historically significant.
Slightly Elevated
Current Drawdown
-9.1%
Days in Drawdown
17
Avg Max Drawdown
5.2%
Avg Length
77
Drawdown Severity Score™
1.8
SMH - Price & High Water Mark
SMH - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
VanEck Semiconductor ETF (SMH) Analysis: Current Drawdown Insights
VanEck Semiconductor ETF is currently in a moderate drawdown. As of 2026-07-09, the stock is trading at $607.73, down 9.1% from its all-time high of $668.91. This pullback has lasted 17 days.
Based on its full tracked price history, VanEck Semiconductor ETF typically experiences drawdowns averaging 5.2% in depth, with an average duration of 77 days. VanEck Semiconductor ETF has gone through 121 total drawdown events in its tracked history. The largest drawdown on record for VanEck Semiconductor ETF was 85.9%, beginning in 2000. The longest drawdown duration on record was 6321 days.
The Drawdown Severity Score™ for VanEck Semiconductor ETF currently stands at 1.80. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score below 2.0 indicates a normal drawdown within the stock's typical range: a routine pullback.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing VanEck Semiconductor ETF's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 121 tracked pullbacks (61 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-06-22 | Ongoing | 17 days | -9.1% | $668.91 | $607.73 | n/a |
| 2026-06-16 | 2026-06-18 | 3 days | -4.8% | $647.10 | $616.00 | $659.88 |
| 2026-06-04 | 2026-06-15 | 12 days | -10.7% | $637.90 | $569.69 | $647.10 |
| 2026-05-27 | 2026-06-01 | 6 days | -1.1% | $602.14 | $595.50 | $607.81 |
| 2026-05-15 | 2026-05-26 | 12 days | -5.9% | $578.34 | $543.96 | $602.14 |
| 2026-05-12 | 2026-05-14 | 3 days | -2.6% | $576.31 | $561.25 | $578.34 |
| 2026-05-07 | 2026-05-08 | 2 days | -1.8% | $549.76 | $540.10 | $566.54 |
| 2026-05-04 | 2026-05-05 | 2 days | -0.6% | $509.82 | $506.79 | $522.69 |
| 2026-04-27 | 2026-04-30 | 4 days | -3.0% | $506.44 | $491.21 | $506.72 |
| 2026-04-20 | 2026-04-21 | 2 days | -0.0% | $464.16 | $463.96 | $464.66 |
| 2026-02-26 | 2026-04-09 | 42 days | -14.9% | $426.16 | $362.53 | $430.31 |
| 2026-01-30 | 2026-02-24 | 25 days | -8.7% | $417.52 | $381.07 | $419.16 |
| 2026-01-23 | 2026-01-27 | 5 days | -1.0% | $402.82 | $398.82 | $407.25 |
| 2026-01-20 | 2026-01-21 | 2 days | -2.5% | $400.39 | $390.39 | $401.93 |
| 2026-01-14 | 2026-01-15 | 2 days | -0.8% | $391.53 | $388.35 | $396.41 |
| 2026-01-07 | 2026-01-09 | 3 days | -2.2% | $387.62 | $378.98 | $389.22 |
| 2025-12-11 | 2026-01-05 | 26 days | -9.3% | $374.10 | $339.24 | $377.59 |
| 2025-10-30 | 2025-12-09 | 41 days | -11.8% | $368.61 | $325.10 | $369.00 |
| 2025-10-21 | 2025-10-24 | 4 days | -2.5% | $347.22 | $338.60 | $351.14 |
| 2025-10-09 | 2025-10-20 | 12 days | -6.0% | $346.07 | $325.34 | $347.22 |
| 2025-10-07 | 2025-10-08 | 2 days | -1.8% | $343.38 | $337.05 | $346.07 |
| 2025-10-03 | 2025-10-06 | 4 days | -0.5% | $338.24 | $336.68 | $343.38 |
| 2025-09-23 | 2025-09-29 | 7 days | -0.3% | $322.17 | $321.06 | $322.66 |
| 2025-09-19 | 2025-09-22 | 4 days | -0.4% | $316.97 | $315.71 | $322.17 |
| 2025-09-17 | 2025-09-18 | 2 days | -0.6% | $307.21 | $305.25 | $316.97 |
| 2025-08-15 | 2025-09-11 | 28 days | -5.1% | $301.92 | $286.43 | $303.93 |
| 2025-07-31 | 2025-08-12 | 13 days | -4.2% | $296.26 | $283.95 | $300.10 |
| 2025-07-18 | 2025-07-29 | 12 days | -2.2% | $291.71 | $285.37 | $292.90 |
| 2025-07-16 | 2025-07-17 | 2 days | -0.5% | $290.80 | $289.28 | $291.71 |
| 2025-07-11 | 2025-07-15 | 5 days | -0.8% | $287.52 | $285.32 | $290.80 |
| 2025-07-07 | 2025-07-09 | 3 days | -1.4% | $283.62 | $279.76 | $285.42 |
| 2024-07-11 | 2025-07-02 | 357 days | -35.7% | $280.03 | $179.95 | $281.25 |
| 2024-06-20 | 2024-07-10 | 21 days | -7.6% | $275.54 | $254.65 | $280.03 |
| 2024-06-11 | 2024-06-12 | 2 days | -0.1% | $254.73 | $254.35 | $261.93 |
| 2024-06-06 | 2024-06-10 | 5 days | -0.9% | $253.29 | $251.10 | $254.73 |
| 2024-05-29 | 2024-06-05 | 8 days | -3.7% | $248.73 | $239.42 | $253.29 |
| 2024-05-21 | 2024-05-22 | 2 days | -0.1% | $233.96 | $233.63 | $235.55 |
| 2024-03-08 | 2024-05-20 | 73 days | -14.9% | $233.14 | $198.33 | $233.96 |
| 2024-03-05 | 2024-03-06 | 2 days | -1.5% | $223.10 | $219.69 | $225.35 |
| 2024-02-27 | 2024-02-29 | 3 days | -1.4% | $209.42 | $206.49 | $211.01 |
| 2024-02-23 | 2024-02-26 | 4 days | -0.6% | $209.00 | $207.70 | $209.42 |
| 2024-02-12 | 2024-02-22 | 11 days | -3.6% | $202.95 | $195.64 | $209.00 |
| 2024-02-06 | 2024-02-07 | 2 days | -1.1% | $194.09 | $191.89 | $195.76 |
| 2024-01-26 | 2024-02-05 | 11 days | -3.4% | $191.52 | $185.05 | $194.09 |
| 2023-12-28 | 2024-01-18 | 22 days | -6.2% | $175.08 | $164.26 | $179.51 |
| 2023-12-20 | 2023-12-26 | 7 days | -2.8% | $173.15 | $168.33 | $174.89 |
| 2023-11-21 | 2023-12-11 | 21 days | -4.5% | $163.19 | $155.87 | $164.65 |
| 2023-08-01 | 2023-11-14 | 106 days | -14.4% | $158.95 | $136.03 | $159.42 |
| 2023-07-19 | 2023-07-28 | 10 days | -4.5% | $158.60 | $151.38 | $158.83 |
| 2023-07-14 | 2023-07-17 | 4 days | -0.8% | $156.57 | $155.27 | $158.16 |
| 2021-12-28 | 2023-07-13 | 562 days | -45.3% | $154.88 | $84.71 | $156.57 |
| 2021-09-17 | 2021-11-01 | 46 days | -9.4% | $134.25 | $121.57 | $134.69 |
| 2021-04-06 | 2021-06-28 | 84 days | -13.0% | $125.14 | $108.83 | $126.38 |
| 2021-02-17 | 2021-04-05 | 47 days | -15.6% | $124.64 | $105.22 | $125.14 |
| 2020-10-13 | 2020-11-05 | 24 days | -8.6% | $91.79 | $83.92 | $93.75 |
| 2020-09-03 | 2020-10-09 | 37 days | -10.8% | $88.71 | $79.17 | $90.20 |
| 2020-02-20 | 2020-06-05 | 106 days | -33.6% | $73.58 | $48.84 | $73.80 |
| 2019-07-25 | 2019-10-15 | 83 days | -12.2% | $58.71 | $51.56 | $59.54 |
| 2019-04-25 | 2019-07-23 | 90 days | -18.0% | $56.95 | $46.72 | $57.19 |
| 2018-03-13 | 2019-04-03 | 387 days | -27.0% | $52.82 | $38.55 | $53.13 |
| 2018-01-24 | 2018-03-06 | 42 days | -12.2% | $50.70 | $44.50 | $51.06 |
| 2000-06-22 | 2017-10-11 | 6321 days | -85.9% | $44.48 | $6.26 | $44.55 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
VanEck Semiconductor ETF (SMH) is trading at $607.73 as of Jul 9, 2026. It is 9.1% below its high of $668.91. The drawdown has lasted 17 days. Severity score: 1.8 (Slightly Elevated).
SMH Price History and Drawdown Data
Latest price
$607.73
High-water mark
$668.91
Current drawdown
-9.1%
Days in drawdown
17
This SMH page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior VanEck Semiconductor ETF drawdowns.
What History Says About SMH
VanEck Semiconductor ETF has dropped 15%+ from its high 7 times in its tracked history. These events lasted an average of 1124 days with an average max drop of -37.3%.
The current drawdown of -9.1% has lasted 17 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Jun 2000 to Oct 2017 | -85.9% | 6321 days |
| Dec 2021 to Jul 2023 | -45.3% | 562 days |
| Jul 2024 to Jul 2025 | -35.7% | 357 days |
| Feb 2020 to Jun 2020 | -33.6% | 106 days |
| Mar 2018 to Apr 2019 | -27.0% | 387 days |
| Apr 2019 to Jul 2019 | -18.0% | 90 days |
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