DFNV vs. SOXQ

Last updated Jun 24, 2026

DFNV (TrimTabs Donoghue Forlines Risk Managed Innovation ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - DFNV is a Technology Equities fund tracking the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 5 years, DFNV returned 7.20%/yr vs 34.04%/yr for SOXQ. A 0.71 correlation means they provide meaningful diversification when combined. DFNV charges 0.69%/yr vs 0.19%/yr for SOXQ.

Performance

DFNV vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) 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, DFNV achieves a -4.71% return, which is significantly lower than SOXQ's 90.62% return.

DFNV

• 1D: -0.10%
• 1M: -4.47%
• YTD: -4.71%
• 6M: -6.49%
• 1Y: -0.49%
• 3Y*: 15.74%
• 5Y*: 7.20%
• 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)

DFNV vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF	-4.71%	8.42%	31.93%	26.92%	-24.05%	9.75%
SOXQ Invesco PHLX Semiconductor ETF	90.62%	43.11%	20.16%	66.74%	-35.59%	25.19%

Correlation

The correlation between DFNV and SOXQ is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.71

Over the past year, the correlation between DFNV and SOXQ has dropped to 0.39 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

DFNV vs. SOXQ - Sectors Allocation Comparison

Sectors	DFNV	SOXQ
Technology	60.9%	100.0%
Healthcare	16.2%	-
Communication Services	12.0%	-
Consumer Cyclical	9.0%	-
Industrials	1.9%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Real Estate	-	-
Utilities	-	-

Return for Risk

DFNV vs. SOXQ — Risk / Return Rank

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

DFNV

DFNV Risk / Return Rank: 8
DFNV Sharpe Ratio Rank: 9
DFNV Sortino Ratio Rank: 8
DFNV Omega Ratio Rank: 8
DFNV Calmar Ratio Rank: 9
DFNV Martin Ratio Rank: 8

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.

DFNV vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) 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.

	DFNV	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	4.11	-4.13
Sortino ratio: Return per unit of downside risk	0.09	4.02	-3.94
Omega ratio: Gain probability vs. loss probability	1.01	1.58	-0.57
Calmar ratio: Return relative to maximum drawdown	-0.02	10.22	-10.24
Martin ratio: Return relative to average drawdown	-0.05	36.68	-36.73

DFNV vs. SOXQ - Sharpe Ratio Comparison

The current DFNV Sharpe Ratio is -0.03, which is lower than the SOXQ Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of DFNV 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

DFNV vs. SOXQ - Drawdown Comparison

The maximum DFNV drawdown since its inception was -29.71%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for DFNV and SOXQ.

Drawdown Indicators

	DFNV	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-29.71%	-46.01%	+16.30%
Max Drawdown (1Y) Largest decline over 1 year	-21.54%	-15.59%	-5.95%
Max Drawdown (3Y) Largest decline over 3 years	-22.72%	-39.36%	+16.64%
Max Drawdown (5Y) Largest decline over 5 years	-29.71%	-46.01%	+16.30%
Current Drawdown Current decline from peak	-11.09%	-7.82%	-3.27%
Average Drawdown Average peak-to-trough decline	-9.46%	-12.87%	+3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.12%	4.33%	+4.79%

Volatility

DFNV vs. SOXQ - Volatility Comparison

The current volatility for TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) is 7.72%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 22.04%. This indicates that DFNV 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

	DFNV	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.72%	22.04%	-14.32%
Volatility (6M) Calculated over the trailing 6-month period	15.32%	32.49%	-17.17%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	38.78%	-20.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.74%	37.34%	-17.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	37.24%	-17.51%

DFNV vs. SOXQ - Expense Ratio Comparison

DFNV has a 0.69% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

DFNV vs. SOXQ - Dividend Comparison

DFNV's dividend yield for the trailing twelve months is around 0.40%, more than SOXQ's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF	0.40%	0.38%	1.28%	0.77%	1.20%	4.77%	0.02%
SOXQ Invesco PHLX Semiconductor ETF	0.27%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%

Frequently Asked Questions

Can I hold both DFNV and SOXQ in my portfolio?

DFNV and SOXQ have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFNV or SOXQ?

SOXQ has higher volatility (22.04%) compared to DFNV (7.72%). In terms of maximum drawdown, DFNV dropped -29.71% vs SOXQ's -46.01%.

Which ETF is better, DFNV or SOXQ?

On 5-year performance, SOXQ leads with 34.04% vs 7.20% for DFNV. On fees, SOXQ is cheaper at 0.19% per year. On volatility, DFNV has been the lower-risk option at 7.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFNV or SOXQ?

Over the 5-year period, SOXQ has performed better with a 34.04% return vs 7.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFNV or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.69% for DFNV.

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

DFNV has the higher dividend yield at 0.40%, compared with 0.27% for SOXQ.

What is the main difference between DFNV and SOXQ?

DFNV is categorized as Technology Equities, while SOXQ is Semiconductors. DFNV tracks TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index, while SOXQ tracks PHLX Semiconductor Sector Index. They also come from different issuers: TrimTabs and Invesco. Their fees differ too: 0.69% for DFNV and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (4.11 vs -0.03), 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.