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Updated Reviewed quarterly

SMH vs VGT: ETF Comparison

SMH · VanEck

TER 0.35% · Yield —

VGT · Vanguard

TER 0.09% · Yield 0.3%

Both SMH and VGT are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.

In 30 seconds: SMH (VanEck Semiconductor ETF, VanEck) trades on the NASDAQ at 0.35% TER. VGT (Vanguard Information Technology ETF, Vanguard) trades on the NYSE Arca at 0.09% TER. Both SMH and VGT are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.

  • SMH: VanEck Semiconductor ETF — 0.35% TER, FIF above NZ$50K
  • VGT: Vanguard Information Technology ETF — 0.09% TER, FIF above NZ$50K
  • SMH yield: not currently published
  • VGT yield: 0.3% (Quarterly)
  • Cheaper TER: VGT

Head-to-head comparison

FeatureSMHVGT
FundVanEck Semiconductor ETFVanguard Information Technology ETF
IssuerVanEckVanguard
ExchangeNASDAQNYSE Arca
Total expense ratio0.35%0.09%
Dividend yield (TTM)—0.3%
Distribution frequencyAnnualQuarterly
NZ tax wrapperFIF above NZ$50KFIF above NZ$50K

Where to buy

SMH trades on the NASDAQ — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. VGT trades on the NYSE Arca — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. See all 11 NZ investment platforms compared.

Frequently asked questions

What is the difference between SMH and VGT?▾

SMH (VanEck Semiconductor ETF) charges 0.35% TER vs VGT (Vanguard Information Technology ETF) at 0.09%. SMH is from VanEck; VGT is from Vanguard. Both SMH and VGT are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.

Which has the lower fee, SMH or VGT?▾

VGT is cheaper at 0.09% TER vs SMH at 0.35% — a gap of 0.26 percentage points.

Which yields more, SMH or VGT?▾

Yield data for at least one fund is not currently published — check the issuer fact sheet for the latest trailing 12-month yield. Headline yield is gross; after-tax outcome depends on your tax wrapper (FIF above NZ$50K for SMH, FIF above NZ$50K for VGT).

Can NZ residents buy both SMH and VGT?▾

Yes. SMH is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. VGT is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers.

How does NZ tax differ between SMH and VGT?▾

SMH is FIF above NZ$50K. VGT is FIF above NZ$50K. Same tax wrapper, no structural tax difference between the two for NZ residents. See /tax/pie-vs-fif/ for the full mechanics.

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