CCRV vs. SOXX

Last updated Aug 4, 2026

CCRV (iShares Commodity Curve Carry Strategy ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Their 0.14 correlation means their historical movements had little consistent relationship. CCRV charges 0.40%/yr vs 0.34%/yr for SOXX.

Performance

CCRV vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Commodity Curve Carry Strategy ETF (CCRV) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CCRV

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SOXX

• 1D: 0.55%
• 1M: -10.35%
• 6M: 44.10%
• YTD: 68.76%
• 1Y: 114.99%
• 3Y*: 44.68%
• 5Y*: 27.63%
• 10Y*: 31.96%
• ALL TIME*: 13.85%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SOXX iShares Semiconductor ETF	$6.22B	$5.65B	$5.89B

CCRV vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.16%
SOXX iShares Semiconductor ETF	68.76%	40.74%	12.92%	67.12%	-35.09%	44.09%	18.28%

Correlation

The correlation between CCRV and SOXX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (3Y) Balances recent behavior with more history.	0.11
Correlation (5Y) Shows whether the relationship held over a longer period.	0.13
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020	0.14

The correlation between CCRV and SOXX shifts across timeframes, from 0.01 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CCRV vs. SOXX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CCRV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SOXX

SOXX Risk / Return Rank: 90
SOXX Sharpe Ratio Rank: 94
SOXX Sortino Ratio Rank: 85
SOXX Omega Ratio Rank: 87
SOXX Calmar Ratio Rank: 91
SOXX Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CCRV vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) 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.

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.

	CCRV	SOXX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.61	—
Sortino ratio: Return per unit of downside risk	—	2.89	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	3.99	—
Martin ratio: Return relative to average drawdown	—	16.43	—

Drawdowns

Drawdown Indicators

	CCRV	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	—	-70.21%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-29.01%	—
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	—	-22.49%	—
Average Drawdown Average peak-to-trough decline	—	-19.92%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.02%	—

Volatility

Volatility by Period

	CCRV	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	44.40%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	38.25%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	34.55%	—

CCRV vs. SOXX - Expense Ratio Comparison

CCRV has a 0.40% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

CCRV vs. SOXX - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXX iShares Semiconductor ETF	0.29%	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 CCRV and SOXX in my portfolio?

CCRV and SOXX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CCRV or SOXX?

On fees, SOXX is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CCRV or SOXX?

SOXX is cheaper with a 0.34% expense ratio, compared with 0.40% for CCRV.

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

SOXX has the higher dividend yield at 0.29%, compared with 0.00% for CCRV.

What is the main difference between CCRV and SOXX?

CCRV is categorized as Commodities, while SOXX is Semiconductors. CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.40% for CCRV and 0.34% for SOXX.