AVXC vs. SOXX

Last updated Jun 4, 2026

AVXC (Avantis Emerging Markets ex-China Equity ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - AVXC is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets IMI, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past year, AVXC returned 62.37% vs 190.05% for SOXX. A 0.70 correlation means they provide meaningful diversification when combined. AVXC charges 0.33%/yr vs 0.34%/yr for SOXX.

Performance

AVXC vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Emerging Markets ex-China Equity ETF (AVXC) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVXC achieves a 34.06% return, which is significantly lower than SOXX's 104.57% return.

AVXC

• 1D: -1.44%
• 1M: 10.62%
• YTD: 34.06%
• 6M: 38.17%
• 1Y: 62.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

AVXC vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVXC Avantis Emerging Markets ex-China Equity ETF	34.06%	31.45%	-0.80%
SOXX iShares Semiconductor ETF	104.57%	40.74%	-3.80%

Correlation

The correlation between AVXC and SOXX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (All Time) Calculated using the full available price history since Mar 22, 2024	0.70

The correlation between AVXC and SOXX has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.

AVXC vs. SOXX - Sectors Allocation Comparison

Sectors	AVXC	SOXX
Technology	38.2%	100.0%
Financial Services	20.2%	-
Industrials	10.0%	-
Basic Materials	8.1%	-
Consumer Cyclical	5.5%	-
Energy	4.9%	-
Communication Services	3.7%	-
Consumer Defensive	2.9%	-
Utilities	2.8%	-
Healthcare	2.3%	-
Real Estate	1.5%	-

Return for Risk

AVXC vs. SOXX — Risk / Return Rank

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

AVXC

AVXC Risk / Return Rank: 87
AVXC Sharpe Ratio Rank: 90
AVXC Sortino Ratio Rank: 87
AVXC Omega Ratio Rank: 88
AVXC Calmar Ratio Rank: 83
AVXC Martin Ratio Rank: 85

SOXX

SOXX Risk / Return Rank: 97
SOXX Sharpe Ratio Rank: 98
SOXX Sortino Ratio Rank: 95
SOXX Omega Ratio Rank: 95
SOXX Calmar Ratio Rank: 97
SOXX Martin Ratio Rank: 97

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.

AVXC vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets ex-China Equity ETF (AVXC) 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.

	AVXC	SOXX	Difference
Sharpe ratio: Return per unit of total volatility	3.12	5.61	-2.49
Sortino ratio: Return per unit of downside risk	4.00	5.36	-1.36
Omega ratio: Gain probability vs. loss probability	1.56	1.74	-0.19
Calmar ratio: Return relative to maximum drawdown	4.47	12.13	-7.67
Martin ratio: Return relative to average drawdown	18.06	46.43	-28.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVXC vs. SOXX - Sharpe Ratio Comparison

The current AVXC Sharpe Ratio is 3.12, which is lower than the SOXX Sharpe Ratio of 5.61. The chart below compares the historical Sharpe Ratios of AVXC and SOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVXC	SOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	5.61	-2.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.58	0.45	+1.13

Drawdowns

AVXC vs. SOXX - Drawdown Comparison

The maximum AVXC drawdown since its inception was -20.44%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for AVXC and SOXX.

Drawdown Indicators

	AVXC	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-20.44%	-70.21%	+49.77%
Max Drawdown (1Y) Largest decline over 1 year	-14.04%	-15.77%	+1.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-41.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.75%	—
Current Drawdown Current decline from peak	-1.44%	0.00%	-1.44%
Average Drawdown Average peak-to-trough decline	-3.79%	-19.97%	+16.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	4.11%	-0.65%

Volatility

AVXC vs. SOXX - Volatility Comparison

The current volatility for Avantis Emerging Markets ex-China Equity ETF (AVXC) is 9.00%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.03%. This indicates that AVXC 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.

Volatility by Period

	AVXC	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.00%	14.03%	-5.03%
Volatility (6M) Calculated over the trailing 6-month period	17.67%	27.35%	-9.68%
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	34.18%	-14.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	36.11%	-17.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.47%	33.43%	-14.96%

AVXC vs. SOXX - Expense Ratio Comparison

AVXC has a 0.33% expense ratio, which is lower than SOXX's 0.34% expense ratio.

Dividends

AVXC vs. SOXX - Dividend Comparison

AVXC's dividend yield for the trailing twelve months is around 1.49%, more than SOXX's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVXC Avantis Emerging Markets ex-China Equity ETF	1.49%	1.97%	1.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both AVXC and SOXX in my portfolio?

AVXC and SOXX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVXC or SOXX?

SOXX has higher volatility (14.03%) compared to AVXC (9.00%). In terms of maximum drawdown, AVXC dropped -20.44% vs SOXX's -70.21%.

Which ETF is better, AVXC or SOXX?

On 1-year performance, SOXX leads with 190.05% vs 62.37% for AVXC. On fees, AVXC is cheaper at 0.33% per year. On volatility, AVXC has been the lower-risk option at 9.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVXC or SOXX?

Over the 1-year period, SOXX has performed better with a 190.05% return vs 62.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVXC or SOXX?

AVXC is cheaper with a 0.33% expense ratio, compared with 0.34% for SOXX.

Which ETF pays a higher dividend yield, AVXC or SOXX?

AVXC has the higher dividend yield at 1.49%, compared with 0.27% for SOXX.

What is the main difference between AVXC and SOXX?

AVXC is categorized as Emerging Markets Diversified, while SOXX is Semiconductors. AVXC tracks MSCI Emerging Markets IMI, while SOXX tracks NYSE Semiconductor Index. They also come from different issuers: Avantis Investors and iShares. Their fees differ too: 0.33% for AVXC and 0.34% for SOXX.

Which has better risk-adjusted returns?

SOXX currently has the higher Sharpe Ratio (5.61 vs 3.12), 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.