AGZ vs. SOXX
AGZ (iShares Agency Bond ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - AGZ is a Government Bonds fund tracking the Bloomberg U.S. Agency Bond Index (USD), while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, AGZ returned 1.83%/yr vs 35.79%/yr for SOXX. At a correlation of -0.14, they often move in opposite directions. AGZ charges 0.20%/yr vs 0.34%/yr for SOXX.
Performance
AGZ vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, AGZ achieves a 0.16% return, which is significantly lower than SOXX's 104.57% return. Over the past 10 years, AGZ has underperformed SOXX with an annualized return of 1.83%, while SOXX has yielded a comparatively higher 35.79% annualized return.
AGZ
- 1D
- -0.13%
- 1M
- -0.03%
- YTD
- 0.16%
- 6M
- 0.29%
- 1Y
- 3.95%
- 3Y*
- 4.10%
- 5Y*
- 1.15%
- 10Y*
- 1.83%
SOXX
- 1D
- 1.76%
- 1M
- 33.25%
- YTD
- 104.57%
- 6M
- 99.43%
- 1Y
- 190.05%
- 3Y*
- 57.39%
- 5Y*
- 34.50%
- 10Y*
- 35.79%
AGZ vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 0.16% | 6.05% | 3.08% | 5.18% | -7.77% | -1.05% | 5.77% | 5.51% | 1.32% | 2.01% |
SOXX iShares Semiconductor ETF | 104.57% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between AGZ and SOXX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2008 | -0.14 |
The correlation between AGZ and SOXX shifts across timeframes, from -0.14 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AGZ vs. SOXX — Risk / Return Rank
AGZ
SOXX
AGZ vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agency Bond ETF (AGZ) and iShares Semiconductor ETF (SOXX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AGZ | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.07 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.74 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 12.13 | -9.20 |
| Martin ratioReturn relative to average drawdown | 9.76 | 46.43 | -36.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGZ | SOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 5.61 | -4.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.96 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 1.07 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.45 | +0.24 |
Drawdowns
AGZ vs. SOXX - Drawdown Comparison
The maximum AGZ drawdown since its inception was -11.01%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for AGZ and SOXX.
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Drawdown Indicators
| AGZ | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.01% | -70.21% | +59.20% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -15.77% | +14.42% |
Max Drawdown (3Y)Largest decline over 3 years | -1.85% | -41.36% | +39.51% |
Max Drawdown (5Y)Largest decline over 5 years | -10.66% | -45.75% | +35.09% |
Max Drawdown (10Y)Largest decline over 10 years | -11.01% | -45.75% | +34.74% |
Current DrawdownCurrent decline from peak | -0.78% | 0.00% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -19.97% | +18.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 4.11% | -3.70% |
Volatility
AGZ vs. SOXX - Volatility Comparison
The current volatility for iShares Agency Bond ETF (AGZ) is 0.76%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.03%. This indicates that AGZ experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZ | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 14.03% | -13.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 27.35% | -25.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 34.18% | -31.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.54% | 36.11% | -32.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.03% | 33.43% | -30.40% |
AGZ vs. SOXX - Expense Ratio Comparison
AGZ has a 0.20% expense ratio, which is lower than SOXX's 0.34% expense ratio.
Dividends
AGZ vs. SOXX - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.73%, more than SOXX's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.73% | 3.75% | 3.48% | 3.14% | 1.56% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% |
SOXX iShares Semiconductor ETF | 0.27% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
AGZ and SOXX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (14.03%) compared to AGZ (0.76%). In terms of maximum drawdown, AGZ dropped -11.01% vs SOXX's -70.21%.
On 10-year performance, SOXX leads with 35.79% vs 1.83% for AGZ. On fees, AGZ is cheaper at 0.20% per year. On volatility, AGZ has been the lower-risk option at 0.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOXX has performed better with a 35.79% return vs 1.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGZ is cheaper with a 0.20% expense ratio, compared with 0.34% for SOXX.
AGZ has the higher dividend yield at 3.73%, compared with 0.27% for SOXX.
AGZ is categorized as Government Bonds, while SOXX is Semiconductors. AGZ tracks Bloomberg U.S. Agency Bond Index (USD), while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.20% for AGZ and 0.34% for SOXX.
SOXX currently has the higher Sharpe Ratio (5.61 vs 1.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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