EEMO vs. SOXQ

Last updated Jun 5, 2026

EEMO (Invesco S&P Emerging Markets Momentum ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - EEMO is a Momentum fund tracking the S&P Momentum Emerging Plus LargeMidCap Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 3 years, EEMO returned 24.00%/yr vs 59.09%/yr for SOXQ. A 0.58 correlation means they provide meaningful diversification when combined. EEMO charges 0.31%/yr vs 0.19%/yr for SOXQ.

Performance

EEMO vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Emerging Markets Momentum ETF (EEMO) 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, EEMO achieves a 36.85% return, which is significantly lower than SOXQ's 92.48% return.

EEMO

• 1D: -2.42%
• 1M: 10.83%
• YTD: 36.85%
• 6M: 37.37%
• 1Y: 51.13%
• 3Y*: 24.00%
• 5Y*: 6.67%
• 10Y*: 8.50%

SOXQ

• 1D: -2.15%
• 1M: 24.08%
• YTD: 92.48%
• 6M: 89.00%
• 1Y: 171.59%
• 3Y*: 59.09%
• 5Y*: —
• 10Y*: —

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

EEMO vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EEMO Invesco S&P Emerging Markets Momentum ETF	36.85%	10.99%	9.88%	13.90%	-18.73%	-10.32%
SOXQ Invesco PHLX Semiconductor ETF	92.48%	43.11%	20.16%	66.74%	-35.59%	24.82%

Correlation

The correlation between EEMO and SOXQ is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021	0.58

The correlation between EEMO and SOXQ has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.

EEMO vs. SOXQ - Sectors Allocation Comparison

Sectors	EEMO	SOXQ
Technology	43.8%	100.0%
Financial Services	18.0%	0.0%
Basic Materials	12.9%	-
Industrials	11.5%	-
Consumer Cyclical	3.2%	-
Healthcare	3.0%	-
Energy	2.5%	-
Utilities	2.0%	-
Communication Services	1.5%	-
Consumer Defensive	1.2%	-
Real Estate	0.5%	-

Return for Risk

EEMO vs. SOXQ — Risk / Return Rank

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

EEMO

EEMO Risk / Return Rank: 69
EEMO Sharpe Ratio Rank: 64
EEMO Sortino Ratio Rank: 65
EEMO Omega Ratio Rank: 71
EEMO Calmar Ratio Rank: 71
EEMO Martin Ratio Rank: 75

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
SOXQ Omega Ratio Rank: 94
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 97

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.

EEMO vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Emerging Markets Momentum ETF (EEMO) 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.

	EEMO	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	2.09	5.11	-3.02
Sortino ratio: Return per unit of downside risk	2.97	5.02	-2.05
Omega ratio: Gain probability vs. loss probability	1.42	1.69	-0.28
Calmar ratio: Return relative to maximum drawdown	3.48	11.08	-7.59
Martin ratio: Return relative to average drawdown	13.93	42.47	-28.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EEMO vs. SOXQ - Sharpe Ratio Comparison

The current EEMO Sharpe Ratio is 2.09, which is lower than the SOXQ Sharpe Ratio of 5.11. The chart below compares the historical Sharpe Ratios of EEMO 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.

Sharpe Ratios by Period

	EEMO	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	5.11	-3.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.96	-0.84

Drawdowns

EEMO vs. SOXQ - Drawdown Comparison

The maximum EEMO drawdown since its inception was -48.47%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for EEMO and SOXQ.

Drawdown Indicators

	EEMO	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-48.47%	-46.01%	-2.46%
Max Drawdown (1Y) Largest decline over 1 year	-14.75%	-15.59%	+0.84%
Max Drawdown (3Y) Largest decline over 3 years	-26.06%	-39.36%	+13.30%
Max Drawdown (5Y) Largest decline over 5 years	-34.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.57%	—	—
Current Drawdown Current decline from peak	-3.71%	-2.15%	-1.56%
Average Drawdown Average peak-to-trough decline	-20.17%	-12.95%	-7.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	4.06%	-0.38%

Volatility

EEMO vs. SOXQ - Volatility Comparison

Invesco S&P Emerging Markets Momentum ETF (EEMO) and Invesco PHLX Semiconductor ETF (SOXQ) have volatilities of 14.18% and 13.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEMO	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.18%	13.55%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	22.26%	26.81%	-4.55%
Volatility (1Y) Calculated over the trailing 1-year period	24.58%	33.80%	-9.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.36%	36.38%	-17.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.59%	36.38%	-14.79%

EEMO vs. SOXQ - Expense Ratio Comparison

EEMO has a 0.31% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

EEMO vs. SOXQ - Dividend Comparison

EEMO's dividend yield for the trailing twelve months is around 1.68%, more than SOXQ's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEMO Invesco S&P Emerging Markets Momentum ETF	1.68%	2.31%	2.57%	3.65%	3.82%	1.51%	1.53%	2.13%	13.10%	5.13%	1.55%	2.92%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	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

Can I hold both EEMO and SOXQ in my portfolio?

EEMO and SOXQ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EEMO or SOXQ?

EEMO has higher volatility (14.18%) compared to SOXQ (13.55%). In terms of maximum drawdown, EEMO dropped -48.47% vs SOXQ's -46.01%.

Which ETF is better, EEMO or SOXQ?

On 3-year performance, SOXQ leads with 59.09% vs 24.00% for EEMO. On fees, SOXQ is cheaper at 0.19% per year. On volatility, SOXQ has been the lower-risk option at 13.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EEMO or SOXQ?

Over the 3-year period, SOXQ has performed better with a 59.09% return vs 24.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EEMO or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.31% for EEMO.

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

EEMO has the higher dividend yield at 1.68%, compared with 0.26% for SOXQ.

What is the main difference between EEMO and SOXQ?

EEMO is categorized as Momentum, while SOXQ is Semiconductors. EEMO tracks S&P Momentum Emerging Plus LargeMidCap Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.31% for EEMO and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (5.11 vs 2.09), 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.