Arm Holdings (ARM) stock vs the S&P 500 and semiconductor stocks
As of 2 October 2026, Arm Holdings (ARM) is trailing both the S&P 500 and semiconductor stocks as a group (SMH) over the past three months.
Where Arm Holdings stands now
As of 2 October 2026, Arm Holdings had a good month against the S&P 500 after a weaker quarter. One month alone does not make a trend.
Inside its group, ARM is catching up: ahead of semiconductor stocks (SMH) over the past month, still behind over three months. As a group, semiconductor stocks are gaining ground on the S&P 500 right now. The group is in transition, so the stock's place inside it matters more than usual.
Arm Holdings is 1.3% of SMH, so the fund's direction owes little to it. It sits in 2 of the sector and theme funds Zensei tracks. The thing to watch is the past month: a turn against the market usually shows there first.
ARM vs the S&P 500: returns
Arm Holdings and the S&P 500 (SPY) side by side, over each window Zensei tracks.
Prices as of · computed from daily adjusted closes · how we measure
ARM against semiconductor stocks, in depth
See the size of the gap between Arm Holdings and semiconductor stocks (SMH) over every window, its momentum and its relative strength, and where it sits among semiconductor stocks.
See the full analysisWhich ETFs hold Arm Holdings?
2 funds that Zensei tracks hold ARM, by weight. The fund with the largest weight is its sector on this page.
Arm Holdings competitors
The largest other holdings of VanEck Semiconductor ETF (SMH), with their return over the past month.
Arm Holdings stock: common questions
Is Arm Holdings stock beating the S&P 500?
As of 2 October 2026, Arm Holdings (ARM) is up 30.9% over the past month. The S&P 500 is up 1.3% over the same month. Over three months, the stock is down 2.5% and the S&P 500 is up 3.6%.
Which ETFs hold Arm Holdings?
As of 2 October 2026, 2 funds that Zensei tracks hold ARM. Its largest weight is in VanEck Semiconductor ETF (SMH), at 1.3%. It is also in Alger Mid Cap 40 ETF (KNCT, 0.4%).
Who are Arm Holdings's competitors?
As of 2 October 2026, the largest other holdings of VanEck Semiconductor ETF (SMH) are NVIDIA (NVDA), TSMC (TSM), AMD (AMD), Broadcom (AVGO), Micron Technology (MU). These are the stocks Arm Holdings sits next to among semiconductor stocks.
Is Arm Holdings doing better than other semiconductor stocks?
As of 2 October 2026, Arm Holdings (ARM) is behind semiconductor stocks as a group (SMH) over the past three months. Zensei Edge shows the size of the gap, its momentum and its relative strength.
Track Arm Holdings against semiconductor stocks and the market
Zensei Edge maps 100+ sectors and themes against the S&P 500, with each stock inside them measured against its group.