BTCO vs. SOXQ

Last updated Jul 14, 2026

BTCO (Invesco Galaxy Bitcoin ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - BTCO is a Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past year, BTCO returned -47.55% vs 117.47% for SOXQ. At a 0.36 correlation, their price movements are largely independent. BTCO charges 0.25%/yr vs 0.19%/yr for SOXQ.

Performance

BTCO vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Galaxy Bitcoin ETF (BTCO) 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, BTCO achieves a -29.04% return, which is significantly lower than SOXQ's 74.43% return.

BTCO

• 1D: -2.67%
• 1M: -2.20%
• 6M: -32.10%
• YTD: -29.04%
• 1Y: -47.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXQ

• 1D: -4.86%
• 1M: -7.72%
• 6M: 61.03%
• YTD: 74.43%
• 1Y: 117.47%
• 3Y*: 49.64%
• 5Y*: 31.46%
• 10Y*: —

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

BTCO vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTCO Invesco Galaxy Bitcoin ETF	-29.04%	-6.58%	93.87%
SOXQ Invesco PHLX Semiconductor ETF	74.43%	43.11%	23.70%

Correlation

The correlation between BTCO and SOXQ is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.36

Return for Risk

BTCO vs. SOXQ — Risk / Return Rank

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

BTCO

BTCO Risk / Return Rank: 1
BTCO Sharpe Ratio Rank: 1
BTCO Sortino Ratio Rank: 1
BTCO Omega Ratio Rank: 1
BTCO Calmar Ratio Rank: 1
BTCO Martin Ratio Rank: 1

SOXQ

SOXQ Risk / Return Rank: 92
SOXQ Sharpe Ratio Rank: 94
SOXQ Sortino Ratio Rank: 86
SOXQ Omega Ratio Rank: 88
SOXQ Calmar Ratio Rank: 96
SOXQ Martin Ratio Rank: 95

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.

BTCO vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) 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.

	BTCO	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	-1.08	2.87	-3.95
Sortino ratio: Return per unit of downside risk	-1.66	3.07	-4.73
Omega ratio: Gain probability vs. loss probability	0.82	1.43	-0.61
Calmar ratio: Return relative to maximum drawdown	-0.89	7.42	-8.31
Martin ratio: Return relative to average drawdown	-1.46	23.55	-25.01

BTCO vs. SOXQ - Sharpe Ratio Comparison

The current BTCO Sharpe Ratio is -1.08, which is lower than the SOXQ Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of BTCO 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

BTCO vs. SOXQ - Drawdown Comparison

The maximum BTCO drawdown since its inception was -53.33%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for BTCO and SOXQ.

Drawdown Indicators

	BTCO	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-53.33%	-46.01%	-7.32%
Max Drawdown (1Y) Largest decline over 1 year	-53.33%	-15.92%	-37.41%
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	-50.57%	-15.65%	-34.92%
Average Drawdown Average peak-to-trough decline	-17.45%	-12.84%	-4.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.69%	5.01%	+27.68%

Volatility

BTCO vs. SOXQ - Volatility Comparison

The current volatility for Invesco Galaxy Bitcoin ETF (BTCO) is 11.42%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 21.73%. This indicates that BTCO 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

	BTCO	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.42%	21.73%	-10.31%
Volatility (6M) Calculated over the trailing 6-month period	34.71%	35.36%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	44.23%	41.31%	+2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.51%	37.85%	+11.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.51%	37.61%	+11.90%

BTCO vs. SOXQ - Expense Ratio Comparison

BTCO has a 0.25% expense ratio, which is higher than SOXQ's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BTCO vs. SOXQ - Dividend Comparison

BTCO has not paid dividends to shareholders, while SOXQ's dividend yield for the trailing twelve months is around 0.29%.

Position	TTM	2025	2024	2023	2022	2021
BTCO Invesco Galaxy Bitcoin ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.29%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both BTCO and SOXQ in my portfolio?

BTCO and SOXQ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTCO or SOXQ?

SOXQ has higher volatility (21.73%) compared to BTCO (11.42%). In terms of maximum drawdown, BTCO dropped -53.33% vs SOXQ's -46.01%.

Which ETF is better, BTCO or SOXQ?

On 1-year performance, SOXQ leads with 117.47% vs -47.55% for BTCO. On fees, SOXQ is cheaper at 0.19% per year. On volatility, BTCO has been the lower-risk option at 11.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTCO or SOXQ?

Over the 1-year period, SOXQ has performed better with a 117.47% return vs -47.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTCO or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.25% for BTCO.

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

SOXQ has the higher dividend yield at 0.29%, compared with 0.00% for BTCO.

What is the main difference between BTCO and SOXQ?

BTCO is categorized as Cryptocurrency, while SOXQ is Semiconductors. BTCO tracks Lukka Prime Reference Bitcoin Rate, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.25% for BTCO and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (2.87 vs -1.08), 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.