NVIDIA (NVDA) stock vs the S&P 500 and semiconductor stocks
As of 2 October 2026, NVIDIA (NVDA) is beating both the S&P 500 and semiconductor stocks as a group (SMH) over the past three months.
Where NVIDIA stands now
As of 2 October 2026, NVIDIA is ahead of the S&P 500 on every window Zensei tracks, from one month to one year. The trend against the market is intact on all horizons.
Inside its group, NVDA is slipping: still ahead of semiconductor stocks (SMH) over three months, but behind over the past month. 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.
NVIDIA is 19.4% of SMH, a weight large enough to drive the fund. It sits in 13 of the sector and theme funds Zensei tracks. The thing to watch is the gap to its group: as long as it stays ahead of both the market and its peers, the trend is intact.
NVDA vs the S&P 500: returns
NVIDIA 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
NVDA against semiconductor stocks, in depth
See the size of the gap between NVIDIA 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 NVIDIA?
13 funds that Zensei tracks hold NVDA, by weight. The fund with the largest weight is its sector on this page.
NVIDIA competitors
The largest other holdings of VanEck Semiconductor ETF (SMH), with their return over the past month.
NVIDIA stock: common questions
Is NVIDIA stock beating the S&P 500?
As of 2 October 2026, NVIDIA (NVDA) is up 7.7% over the past month. The S&P 500 is up 1.3% over the same month. Over three months, the stock is up 20.2% and the S&P 500 is up 3.6%.
Which ETFs hold NVIDIA?
As of 2 October 2026, 13 funds that Zensei tracks hold NVDA. Its largest weight is in VanEck Semiconductor ETF (SMH), at 19.4%. It is also in Technology Select Sector SPDR (XLK, 15.3%), First Trust S-Network Future Vehicles & Technology ETF (CARZ, 5.0%), ProShares Nanotechnology ETF (TINY, 4.7%), Fidelity Metaverse ETF (FMET, 4.3%), First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF (GRID, 2.3%).
Who are NVIDIA's competitors?
As of 2 October 2026, the largest other holdings of VanEck Semiconductor ETF (SMH) are TSMC (TSM), AMD (AMD), Broadcom (AVGO), Micron Technology (MU), Intel (INTC). These are the stocks NVIDIA sits next to among semiconductor stocks.
Is NVIDIA doing better than other semiconductor stocks?
As of 2 October 2026, NVIDIA (NVDA) is ahead of 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 NVIDIA 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.