INTC, the top weighted name in the index has already reported quarterly earnings, but the number two weighting, TSM, is slated to release earnings before the market open on 4/26. A related ETF that has seen above average trading activity recently is iShares PHLX SOX Semiconductor Sector (NasdaqGM: SOXX), which has a different composition than SMH as top weightings are: BRCM (8.18%), INTC (8.09%), TSM (7.94%), TXN (7.79%), and AMAT (7.64%).
In short, there is much less weighting given to INTC and the top 5 holdings are roughly equal weighted. Year to date, SOXX has outpaced SMH, up 9.64% versus SMH rallying 7.95%. Other Semi sector ETFs that have been very active in this earnings season for related stocks include SPDR S&P Semiconductor (NYSEArca: XSD), Direxion Daily Semiconductor Bull 3X (NYSEArca: SOXL) and Direxion Daily Semiconductor Bear 3X (NYSEArca: SOXS).
Market Vectors Semiconductor
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