VanEck Semiconductor ETF (SMH) is trading at $576.32, which is -0.3% below its all-time high of $578.34. The Drawdown Severity Score is 0.1, placing it in the green (normal) zone. Over its tracked history, SMH has experienced 105 significant drawdown events with an average maximum drawdown of -5.4%.
Data last updated: May 25, 2026 at 05:14 PM EDT
SMH
StockVanEck Semiconductor ETF
Price
$576.32
as of May 22, 2026
All Time High: $578.34
Near All-Time High
Current Drawdown
-0.3%
Days in Drawdown
6
Avg Max Drawdown
5.2%
Avg Length
87
Drawdown Severity Score™
0.1
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 trading slightly below its recent peak. As of 2026-05-22, the stock price is $576.32, just 0.3% below its all-time high of $578.34.
Based on comprehensive historical analysis spanning 14 years, VanEck Semiconductor ETF typically experiences drawdowns averaging 5.2% in depth, with an average duration of 87 days. VanEck Semiconductor ETF has gone through 105 total drawdown events in the last 14 years. The largest drawdown for VanEck Semiconductor ETF in the last 14 years was 45.3%. The longest drawdown duration in its history was 562 days.
The Drawdown Severity Score™ for VanEck Semiconductor ETF currently stands at 0.07. 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 may represent a buying opportunity.
📜 Historical Drawdown Events
Current drawdown shown in blue. Complete record of all 105 historical pullbacks below.
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-05-16 | Ongoing | 6 days | -0.3% | $578.34 | $576.32 | — |
| 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 |
| 2021-12-08 | 2021-12-27 | 20 days | -6.8% | $153.07 | $142.62 | $154.88 |
| 2021-11-22 | 2021-12-07 | 16 days | -4.1% | $151.93 | $145.70 | $153.07 |
| 2021-11-17 | 2021-11-18 | 2 days | -0.6% | $148.23 | $147.35 | $150.98 |
| 2021-11-10 | 2021-11-16 | 7 days | -3.2% | $147.13 | $142.49 | $148.23 |
| 2021-09-17 | 2021-11-01 | 46 days | -9.4% | $134.25 | $121.57 | $134.69 |
| 2021-09-07 | 2021-09-13 | 7 days | -1.5% | $132.99 | $130.97 | $133.50 |
| 2021-08-31 | 2021-09-03 | 4 days | -0.9% | $132.80 | $131.59 | $132.99 |
| 2021-08-05 | 2021-08-27 | 23 days | -6.4% | $131.55 | $123.15 | $132.39 |
| 2021-07-01 | 2021-07-30 | 30 days | -5.9% | $127.62 | $120.10 | $128.06 |
| 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 |
| 2021-01-22 | 2021-02-11 | 21 days | -7.9% | $119.50 | $110.02 | $122.62 |
| 2021-01-20 | 2021-01-21 | 2 days | -0.4% | $118.17 | $117.67 | $119.50 |
| 2021-01-15 | 2021-01-19 | 5 days | -1.9% | $116.51 | $114.24 | $118.17 |
| 2021-01-13 | 2021-01-14 | 2 days | -0.5% | $114.30 | $113.68 | $116.51 |
| 2021-01-08 | 2021-01-11 | 4 days | -0.4% | $112.50 | $112.09 | $113.77 |
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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SMH Price History and Drawdown Data
Latest price
$576.32
High-water mark
$578.34
Current drawdown
-0.3%
Days in drawdown
6
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 10%+ from its high 7 times in its tracked history. These events lasted an average of 181 days with an average max drop of -21.5%.
| Period | Max Drop | Duration |
|---|---|---|
| Dec 2021 to Jul 2023 | -45.3% | 562 days |
| Jul 2024 to Jul 2025 | -35.7% | 357 days |
| Feb 2021 to Apr 2021 | -15.6% | 47 days |
| Mar 2024 to May 2024 | -14.9% | 73 days |
| Aug 2023 to Nov 2023 | -14.4% | 106 days |
| Apr 2021 to Jun 2021 | -13.0% | 84 days |
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