---
title: The semiconductors ETF $SMH is up roughly +153% over the past year, the strongest 1-year performance on record going back to 2001 and roughly 4 standard deviations above the long-run average.
description: "As DataTrek notes, staying bullish from here increasingly requires confidence that the semiconductor cycle and AI-driven backlog can remain durable for much longer.\n\nSource: The Market Ear"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [The semiconductors ETF $SMH is up roughly +153% over the past year, the strongest 1-year performance on record going back to 2001 and roughly 4 standard deviations above the long-run average.](https://blog.syzgroup.com/syz-the-moment/the-semiconductors-etf-smh-is-up-roughly-153-over-the-past-year-the-strongest-1-year-performance-on-record-going-back-to-2001-and-roughly-4-standa-1778253334731)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | May 8, 2026, 3:16:03 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/the-semiconductors-etf-smh-is-up-roughly-153-over-the-past-year-the-strongest-1-year-performance-on-record-going-back-to-2001-and-roughly-4-standa-1778253334731)

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