BAI vs. SOXQ

Last updated Jun 24, 2026

BAI (iShares A.I. Innovation and Tech Active ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - BAI is a Technology Equities fund actively managed by iShares, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. BAI is actively managed, while SOXQ is passively managed. Over the past year, BAI returned 86.14% vs 158.27% for SOXQ. Their correlation of 0.86 suggests significant overlap in exposure. BAI charges 0.55%/yr vs 0.19%/yr for SOXQ.

Performance

BAI vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares A.I. Innovation and Tech Active ETF (BAI) 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, BAI achieves a 49.94% return, which is significantly lower than SOXQ's 90.62% return.

BAI

• 1D: -7.93%
• 1M: 4.43%
• YTD: 49.94%
• 6M: 47.29%
• 1Y: 86.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXQ

• 1D: -7.82%
• 1M: 10.55%
• YTD: 90.62%
• 6M: 87.99%
• 1Y: 158.27%
• 3Y*: 57.61%
• 5Y*: 34.04%
• 10Y*: —

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

BAI vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BAI iShares A.I. Innovation and Tech Active ETF	49.94%	25.22%	8.89%
SOXQ Invesco PHLX Semiconductor ETF	90.62%	43.11%	-4.41%

Correlation

The correlation between BAI and SOXQ is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024	0.86

The correlation between BAI and SOXQ has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

BAI vs. SOXQ - Sectors Allocation Comparison

Sectors	BAI	SOXQ
Technology	88.8%	100.0%
Industrials	4.6%	-
Communication Services	3.9%	-
Consumer Cyclical	2.6%	-
Healthcare	0.7%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Real Estate	-	-
Utilities	-	-

Return for Risk

BAI vs. SOXQ — Risk / Return Rank

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

BAI

BAI Risk / Return Rank: 74
BAI Sharpe Ratio Rank: 77
BAI Sortino Ratio Rank: 60
BAI Omega Ratio Rank: 65
BAI Calmar Ratio Rank: 90
BAI Martin Ratio Rank: 77

SOXQ

SOXQ Risk / Return Rank: 94
SOXQ Sharpe Ratio Rank: 96
SOXQ Sortino Ratio Rank: 90
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.

BAI vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares A.I. Innovation and Tech Active ETF (BAI) 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.

	BAI	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	2.32	4.11	-1.78
Sortino ratio: Return per unit of downside risk	2.70	4.02	-1.32
Omega ratio: Gain probability vs. loss probability	1.37	1.58	-0.21
Calmar ratio: Return relative to maximum drawdown	5.34	10.22	-4.88
Martin ratio: Return relative to average drawdown	14.08	36.68	-22.59

BAI vs. SOXQ - Sharpe Ratio Comparison

The current BAI Sharpe Ratio is 2.32, which is lower than the SOXQ Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of BAI 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

BAI vs. SOXQ - Drawdown Comparison

The maximum BAI drawdown since its inception was -34.09%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for BAI and SOXQ.

Drawdown Indicators

	BAI	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-34.09%	-46.01%	+11.92%
Max Drawdown (1Y) Largest decline over 1 year	-16.22%	-15.59%	-0.63%
Max Drawdown (3Y) Largest decline over 3 years	—	-39.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.01%	—
Current Drawdown Current decline from peak	-7.93%	-7.82%	-0.11%
Average Drawdown Average peak-to-trough decline	-6.87%	-12.87%	+6.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.14%	4.33%	+1.81%

Volatility

BAI vs. SOXQ - Volatility Comparison

The current volatility for iShares A.I. Innovation and Tech Active ETF (BAI) is 20.05%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 22.04%. This indicates that BAI experiences smaller price fluctuations and is considered to be less risky than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAI	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.05%	22.04%	-1.99%
Volatility (6M) Calculated over the trailing 6-month period	31.41%	32.49%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	37.30%	38.78%	-1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.40%	37.34%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.40%	37.24%	+0.16%

BAI vs. SOXQ - Expense Ratio Comparison

BAI has a 0.55% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

BAI vs. SOXQ - Dividend Comparison

BAI's dividend yield for the trailing twelve months is around 1.19%, more than SOXQ's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021
BAI iShares A.I. Innovation and Tech Active ETF	1.19%	1.80%	0.00%	0.00%	0.00%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.27%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both BAI and SOXQ in my portfolio?

BAI and SOXQ have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAI or SOXQ?

SOXQ has higher volatility (22.04%) compared to BAI (20.05%). In terms of maximum drawdown, BAI dropped -34.09% vs SOXQ's -46.01%.

Which ETF is better, BAI or SOXQ?

On 1-year performance, SOXQ leads with 158.27% vs 86.14% for BAI. On fees, SOXQ is cheaper at 0.19% per year. On volatility, BAI has been the lower-risk option at 20.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BAI or SOXQ?

Over the 1-year period, SOXQ has performed better with a 158.27% return vs 86.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BAI or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.55% for BAI.

Which ETF pays a higher dividend yield, BAI or SOXQ?

BAI has the higher dividend yield at 1.19%, compared with 0.27% for SOXQ.

What is the main difference between BAI and SOXQ?

BAI is categorized as Technology Equities, while SOXQ is Semiconductors. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for BAI and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (4.11 vs 2.32), 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.