AP vs. SOXQ

Last updated Jun 25, 2026

AP (Ampco-Pittsburgh Corporation) is a stock, while SOXQ (Invesco PHLX Semiconductor ETF) is Semiconductors fund tracking the PHLX Semiconductor Sector Index. Over the past 5 years, AP returned 9.88%/yr vs 34.11%/yr for SOXQ. At a 0.20 correlation, their price movements are largely independent.

Performance

AP vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ampco-Pittsburgh Corporation (AP) and Invesco PHLX Semiconductor ETF (SOXQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AP achieves a 84.24% return, which is significantly lower than SOXQ's 90.13% return.

AP

• 1D: -4.10%
• 1M: -3.35%
• YTD: 84.24%
• 6M: 122.68%
• 1Y: 220.92%
• 3Y*: 49.82%
• 5Y*: 9.88%
• 10Y*: -1.60%

SOXQ

• 1D: -0.25%
• 1M: 10.27%
• YTD: 90.13%
• 6M: 87.11%
• 1Y: 148.28%
• 3Y*: 57.47%
• 5Y*: 34.11%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AP vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AP Ampco-Pittsburgh Corporation	84.24%	155.02%	-23.44%	8.76%	-49.80%	-25.48%
SOXQ Invesco PHLX Semiconductor ETF	90.13%	43.11%	20.16%	66.74%	-35.59%	25.19%

Correlation

The correlation between AP and SOXQ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.20

The correlation between AP and SOXQ shifts across timeframes, from 0.20 (5 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AP vs. SOXQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AP

AP Risk / Return Rank: 90
AP Sharpe Ratio Rank: 94
AP Sortino Ratio Rank: 90
AP Omega Ratio Rank: 86
AP Calmar Ratio Rank: 91
AP Martin Ratio Rank: 88

SOXQ

SOXQ Risk / Return Rank: 95
SOXQ Sharpe Ratio Rank: 96
SOXQ Sortino Ratio Rank: 91
SOXQ Omega Ratio Rank: 92
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AP vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ampco-Pittsburgh Corporation (AP) and Invesco PHLX Semiconductor ETF (SOXQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AP	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	2.59	3.86	-1.27
Sortino ratio: Return per unit of downside risk	3.00	3.87	-0.86
Omega ratio: Gain probability vs. loss probability	1.34	1.55	-0.21
Calmar ratio: Return relative to maximum drawdown	4.38	9.57	-5.19
Martin ratio: Return relative to average drawdown	9.88	34.13	-24.25

AP vs. SOXQ - Sharpe Ratio Comparison

The current AP Sharpe Ratio is 2.59, which is lower than the SOXQ Sharpe Ratio of 3.86. The chart below compares the historical Sharpe Ratios of AP and SOXQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AP vs. SOXQ - Drawdown Comparison

The maximum AP drawdown since its inception was -98.06%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for AP and SOXQ.

Drawdown Indicators

	AP	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-98.06%	-46.01%	-52.05%
Max Drawdown (1Y) Largest decline over 1 year	-50.80%	-15.59%	-35.21%
Max Drawdown (3Y) Largest decline over 3 years	-80.96%	-39.36%	-41.60%
Max Drawdown (5Y) Largest decline over 5 years	-88.58%	-46.01%	-42.57%
Max Drawdown (10Y) Largest decline over 10 years	-95.90%	—	—
Current Drawdown Current decline from peak	-74.58%	-8.05%	-66.53%
Average Drawdown Average peak-to-trough decline	-52.24%	-12.87%	-39.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.49%	4.36%	+18.13%

Volatility

AP vs. SOXQ - Volatility Comparison

Ampco-Pittsburgh Corporation (AP) has a higher volatility of 24.18% compared to Invesco PHLX Semiconductor ETF (SOXQ) at 22.00%. This indicates that AP's price experiences larger fluctuations and is considered to be riskier than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AP	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.18%	22.00%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	67.81%	32.41%	+35.40%
Volatility (1Y) Calculated over the trailing 1-year period	86.06%	38.78%	+47.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.91%	37.33%	+37.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.87%	37.22%	+35.65%

Dividends

AP vs. SOXQ - Dividend Comparison

AP has not paid dividends to shareholders, while SOXQ's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AP Ampco-Pittsburgh Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.45%	2.69%	7.02%
SOXQ Invesco PHLX Semiconductor ETF	0.27%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AP and SOXQ in my portfolio?

AP and SOXQ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AP or SOXQ?

AP has higher volatility (24.18%) compared to SOXQ (22.00%). In terms of maximum drawdown, AP dropped -98.06% vs SOXQ's -46.01%.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (3.86 vs 2.59), 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.