AME vs. SOXX
AME (AMETEK, Inc.) is a stock, while SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index. Over the past 10 years, AME returned 17.63%/yr vs 35.54%/yr for SOXX. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
AME vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, AME achieves a 11.60% return, which is significantly lower than SOXX's 100.26% return. Over the past 10 years, AME has underperformed SOXX with an annualized return of 17.63%, while SOXX has yielded a comparatively higher 35.54% annualized return.
AME
- 1D
- 0.23%
- 1M
- -2.46%
- YTD
- 11.60%
- 6M
- 15.19%
- 1Y
- 29.93%
- 3Y*
- 16.17%
- 5Y*
- 11.41%
- 10Y*
- 17.63%
SOXX
- 1D
- -2.10%
- 1M
- 24.86%
- YTD
- 100.26%
- 6M
- 97.20%
- 1Y
- 179.78%
- 3Y*
- 57.09%
- 5Y*
- 33.93%
- 10Y*
- 35.54%
AME vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AME AMETEK, Inc. | 11.60% | 14.66% | 10.01% | 18.81% | -4.33% | 22.32% | 22.19% | 48.27% | -5.89% | 49.98% |
SOXX iShares Semiconductor ETF | 100.26% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between AME and SOXX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2001 | 0.55 |
The correlation between AME and SOXX has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.
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Return for Risk
AME vs. SOXX — Risk / Return Rank
AME
SOXX
AME vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMETEK, Inc. (AME) 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.
| AME | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.71 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 11.48 | -9.26 |
| Martin ratioReturn relative to average drawdown | 7.21 | 43.90 | -36.69 |
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
| AME | SOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 5.29 | -3.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.94 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 1.07 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.44 | +0.04 |
Drawdowns
AME vs. SOXX - Drawdown Comparison
The maximum AME drawdown since its inception was -53.31%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for AME and SOXX.
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Drawdown Indicators
| AME | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.31% | -70.21% | +16.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | -15.77% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -23.04% | -41.36% | +18.32% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -45.75% | +18.69% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | -45.75% | +3.03% |
Current DrawdownCurrent decline from peak | -5.23% | -2.10% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -19.97% | +8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 4.11% | +0.05% |
Volatility
AME vs. SOXX - Volatility Comparison
The current volatility for AMETEK, Inc. (AME) is 6.50%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.08%. This indicates that AME 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
| AME | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 14.08% | -7.58% |
Volatility (6M)Calculated over the trailing 6-month period | 16.41% | 27.45% | -11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.74% | 34.20% | -12.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.65% | 36.11% | -14.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.42% | 33.43% | -9.01% |
Dividends
AME vs. SOXX - Dividend Comparison
AME's dividend yield for the trailing twelve months is around 0.56%, more than SOXX's 0.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AME AMETEK, Inc. | 0.56% | 0.60% | 0.62% | 0.61% | 0.63% | 0.54% | 0.60% | 0.56% | 0.83% | 0.50% | 0.74% | 0.67% |
SOXX iShares Semiconductor ETF | 0.28% | 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
AME and SOXX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (14.08%) compared to AME (6.50%). In terms of maximum drawdown, AME dropped -53.31% vs SOXX's -70.21%.
SOXX currently has the higher Sharpe Ratio (5.29 vs 1.38), 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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