ETF investors don’t have to sacrifice performance for low cost. The VanEck Vectors Semiconductor ETF (SMH) is up over 60% within the past year with just a 0.35% expense ratio. With a categorical average of 0.51%, SMH’s expense ratio comes in at 12 basis points lower. For that low cost of entry, ETF investors have snagged a top performer over the last 12 months: SMH seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Listed Semiconductor 25 Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index.