5 Best Semiconductor ETFs

3. iShares Semiconductor ETF (NASDAQ:SOXX)

5-year Share Price Performance as of March 13: 263.85%

iShares Semiconductor ETF (NASDAQ:SOXX) aims to replicate the performance of the NYSE Semiconductor Index, consisting of US-listed equities in the semiconductor sector. It provides focused exposure to companies involved in designing, manufacturing, and distributing semiconductors. With an expense ratio of 0.35% and net assets surpassing $13 billion as of March 13, 2024, iShares Semiconductor ETF (NASDAQ:SOXX) is one of the best semiconductor ETFs. The fund holds a portfolio consisting of 30 stocks. 

Intel Corporation (NASDAQ:INTC) is one of the biggest holdings of the iShares Semiconductor ETF (NASDAQ:SOXX). On January 25, Intel Corporation (NASDAQ:INTC) reported a Q4 non-GAAP EPS of $0.54 and a revenue of $15.4 billion, exceeding Wall Street consensus by $0.09 and $230 million, respectively. 

According to Insider Monkey’s fourth quarter database, 86 hedge funds were bullish on Intel Corporation (NASDAQ:INTC), compared to 70 funds in the previous quarter. 

Upslope Capital Management stated the following regarding Intel Corporation (NASDAQ:INTC) in its fourth quarter 2023 investor letter:

“Intel Corporation (NASDAQ:INTC) – New Long: This is not a traditional long for Upslope in any sense. Intel is outside of the box in terms of typical sector and market cap focus, and the position is really a portfolio hedge (and structured as such). The thesis is very simple: Intel is uniquely positioned to benefit in two important scenarios, both of which require “protection” for Upslope’s portfolio: a continued melt-up in technology stocks and/or rising tensions over Taiwan. Combined with expectations and sentiment around Intel that were incredibly low, this nudged me to add exposure via long-dated INTC call options. While still material in terms of delta-adjusted exposure, the position has been reduced repeatedly and is much more modest today.”