TIGER US Philadelphia Semiconductor Nasdaq (381180) 🔎 In-depth
Mirae Asset · Equity · United States · Sector · Industry · Price 2026.07.13 · Updated 2026-07-14
This is an ETF that invests in leading US-listed semiconductor companies all at once. It tracks the 'Philadelphia Semiconductor Index (SOX),' often called the thermometer of the global semiconductor cycle, and it holds US-listed companies across the entire semiconductor value chain, from design through manufacturing and equipment, including Nvidia, AMD, Broadcom and Micron. It is managed by Mirae Asset Global Investments and, because it is not FX-hedged, is also affected by the won-dollar exchange rate.
Price as of 2026.07.13 close
Understanding this ETF
The benchmark index is the 'PHLX Semiconductor Sector Index (Philadelphia Semiconductor Index, SOX).' It holds about 30 leading semiconductor-related companies listed on the US market, weighted by size (market value) but with a cap applied to keep any single name from becoming too dominant. If a company is US-listed, a firm headquartered overseas, such as Taiwan's TSMC, can also be included in the form of US-listed shares (ADR).
It tends to show high-volatility moves, rising sharply when the large semiconductor names rise together and falling sharply when they fall together. On top of this, because it is not FX-hedged, for the same index a rise in the won-dollar rate (a weaker won) adds to returns, while a fall in the rate (a stronger won) trims them. In other words, it reflects 'US semiconductor performance plus currency moves' together.
Because it invests concentratedly in an industry with high growth expectations, it can climb more steeply than the broad market in rallies, but its drawdowns also tend to be larger in corrections, making it a high-volatility, high-concentration product. It is worth considering together that diversification is limited because it is concentrated in a single industry, and that the exchange rate is one more variable layered on. It is used by those who emphasize the long-term growth of the semiconductor industry, but short-term swings can be considerable.
In the first half of 2026 the semiconductor index surged on a record-breaking quarterly basis on expectations of expanding AI investment, then pulled back sharply in a short time as doubts arose about the sustainability of AI spending, so volatility was very high. On the reference date (2026-07-13) the close was also -2.9% on the day, amid a correction. Rather than pinning down a direction, it is best to accept as fact that this is a phase in which the large swings characteristic of the semiconductor sector are continuing.
In short, it is an ETF that bundles leading US semiconductor companies including Nvidia and also reflects the exchange rate. It is spectacular when it rises but no small matter when it falls, an industry-concentrated product with large volatility.
Holdings & weights
As a sector ETF concentrated in the single industry of semiconductors, the number of holdings is not large, at around 30, and accordingly the influence of the top names is large. It broadly holds design companies that make advanced chips used in AI accelerators and data centers, memory companies, and equipment companies that build semiconductors. Because there is a weight cap, no single name completely dominates the index, but the share moves of the top five or six large-caps heavily determine overall performance.
| Holding | Weight |
|---|---|
| NVIDIA CorpNVDA | 11.94% |
| Broadcom IncAVGO | 8.92% |
| Micron Technology IncMU | 8.04% |
| Applied Materials IncAMAT | 5.33% |
| KLA CorpKLAC | 4.80% |
| Marvell Technology IncMRVL | 4.58% |
| ASML Holding NVASML | 4.44% |
| Lam Research CorpLRCX | 4.39% |
| Advanced Micro Devices IncAMD | 4.31% |
| Taiwan Semiconductor Manufacturing Co LtdTSM | 4.13% |
| Texas Instruments IncTXN | 4.06% |
| Intel CorpINTC | 3.82% |
| Analog Devices IncADI | 3.81% |
| QUALCOMM IncQCOM | 3.00% |
| NXP Semiconductors NVNXPI | 2.80% |
Classification
Notes & cautions
- Because it is not FX-hedged, won-dollar exchange rate movements are reflected directly in returns.
- Because it is concentrated in the single semiconductor industry, its swings are large depending on the industry cycle and a few large-caps.
- The weight of a few top names is large, so it is heavily affected by individual company issues.
ETF terms explained
Korea FSC securities market-price API (data.go.kr) · ETF classification & tagging: our own descriptive categorization
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