Qualcomm (QCOM) stock vs the S&P 500 and semiconductor stocks
As of 2 October 2026, Qualcomm (QCOM) is beating the S&P 500 but trailing semiconductor stocks as a group (SMH) over the past three months.
Where Qualcomm stands now
As of 2 October 2026, Qualcomm gives a mixed picture against the S&P 500, ahead on some windows and behind on others.
Inside its group, QCOM lags: it is behind semiconductor stocks (SMH) over both the past month and 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.
Qualcomm is 4.0% of SMH, so its moves weigh on the fund. It sits in 10 of the sector and theme funds Zensei tracks. The thing to watch is its group: it beats the market, but its peers beat it, so the stronger names sit elsewhere in the group.
QCOM vs the S&P 500: returns
Qualcomm 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
QCOM against semiconductor stocks, in depth
See the size of the gap between Qualcomm 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 Qualcomm?
10 funds that Zensei tracks hold QCOM, by weight. The fund with the largest weight is its sector on this page.
Qualcomm competitors
The largest other holdings of VanEck Semiconductor ETF (SMH), with their return over the past month.
Qualcomm stock: common questions
Is Qualcomm stock beating the S&P 500?
As of 2 October 2026, Qualcomm (QCOM) is up 11.6% over the past month. The S&P 500 is up 1.3% over the same month. Over three months, the stock is up 5.5% and the S&P 500 is up 3.6%.
Which ETFs hold Qualcomm?
As of 2 October 2026, 10 funds that Zensei tracks hold QCOM. Its largest weight is in VanEck Semiconductor ETF (SMH), at 4.0%. It is also in iShares Digital Infrastructure ETF (IDGT, 4.0%), Fidelity Metaverse ETF (FMET, 3.5%), First Trust S-Network Future Vehicles & Technology ETF (CARZ, 2.0%), Robo Global Artificial Intelligence ETF (THNQ, 1.6%), Technology Select Sector SPDR (XLK, 1.2%).
Who are Qualcomm'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 Qualcomm sits next to among semiconductor stocks.
Is Qualcomm doing better than other semiconductor stocks?
As of 2 October 2026, Qualcomm (QCOM) 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 Qualcomm 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.