CVY vs. SOXQ
CVY (Invesco Zacks Multi-Asset Income ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - CVY is a Diversified Portfolio fund tracking the Zacks Multi-Asset Income Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 5 years, CVY returned 7.84%/yr vs 34.04%/yr for SOXQ. At a 0.48 correlation, their price movements are largely independent. CVY charges 1.21%/yr vs 0.19%/yr for SOXQ.
Performance
CVY vs. SOXQ - Performance Comparison
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Returns By Period
In the year-to-date period, CVY achieves a 9.65% return, which is significantly lower than SOXQ's 90.62% return.
CVY
- 1D
- 0.21%
- 1M
- 0.96%
- YTD
- 9.65%
- 6M
- 9.33%
- 1Y
- 17.75%
- 3Y*
- 16.08%
- 5Y*
- 7.84%
- 10Y*
- 8.84%
SOXQ
- 1D
- -7.82%
- 1M
- 10.55%
- YTD
- 90.62%
- 6M
- 87.99%
- 1Y
- 158.27%
- 3Y*
- 57.61%
- 5Y*
- 34.04%
- 10Y*
- —
CVY vs. SOXQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CVY Invesco Zacks Multi-Asset Income ETF | 9.65% | 11.00% | 10.28% | 17.87% | -9.27% | -0.08% |
SOXQ Invesco PHLX Semiconductor ETF | 90.62% | 43.11% | 20.16% | 66.74% | -35.59% | 25.19% |
Correlation
The correlation between CVY and SOXQ is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021 | 0.48 |
The correlation between CVY and SOXQ shifts across timeframes, from 0.30 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CVY vs. SOXQ — Risk / Return Rank
CVY
SOXQ
CVY vs. SOXQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Multi-Asset Income ETF (CVY) 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.
| CVY | SOXQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.58 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 10.22 | -7.82 |
| Martin ratioReturn relative to average drawdown | 8.02 | 36.68 | -28.65 |
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Drawdowns
CVY vs. SOXQ - Drawdown Comparison
The maximum CVY drawdown since its inception was -66.86%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for CVY and SOXQ.
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Drawdown Indicators
| CVY | SOXQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.86% | -46.01% | -20.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -15.59% | +8.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.79% | -39.36% | +22.57% |
Max Drawdown (5Y)Largest decline over 5 years | -21.58% | -46.01% | +24.43% |
Max Drawdown (10Y)Largest decline over 10 years | -50.47% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | -7.82% | +7.10% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -12.87% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 4.33% | -2.11% |
Volatility
CVY vs. SOXQ - Volatility Comparison
The current volatility for Invesco Zacks Multi-Asset Income ETF (CVY) is 2.99%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 22.04%. This indicates that CVY 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.
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Volatility by Period
| CVY | SOXQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 22.04% | -19.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 32.49% | -24.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 38.78% | -27.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 37.34% | -21.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.52% | 37.24% | -17.72% |
CVY vs. SOXQ - Expense Ratio Comparison
CVY has a 1.21% expense ratio, which is higher than SOXQ's 0.19% expense ratio.
Dividends
CVY vs. SOXQ - Dividend Comparison
CVY's dividend yield for the trailing twelve months is around 4.33%, more than SOXQ's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVY Invesco Zacks Multi-Asset Income ETF | 4.33% | 3.99% | 4.07% | 4.41% | 5.18% | 2.37% | 3.40% | 3.22% | 4.44% | 3.94% | 4.50% | 5.89% |
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
CVY and SOXQ have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXQ has higher volatility (22.04%) compared to CVY (2.99%). In terms of maximum drawdown, CVY dropped -66.86% vs SOXQ's -46.01%.
On 5-year performance, SOXQ leads with 34.04% vs 7.84% for CVY. On fees, SOXQ is cheaper at 0.19% per year. On volatility, CVY has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SOXQ has performed better with a 34.04% return vs 7.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXQ is cheaper with a 0.19% expense ratio, compared with 1.21% for CVY.
CVY has the higher dividend yield at 4.33%, compared with 0.27% for SOXQ.
CVY is categorized as Diversified Portfolio, while SOXQ is Semiconductors. CVY tracks Zacks Multi-Asset Income Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 1.21% for CVY and 0.19% for SOXQ.
SOXQ currently has the higher Sharpe Ratio (4.11 vs 1.61), 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.
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