EIRL vs. SOXX

Last updated Aug 4, 2026

EIRL (iShares MSCI Ireland ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - EIRL is a Europe Equities fund tracking the MSCI Ireland Investable Market 25/50 Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, EIRL returned 9.76%/yr vs 31.96%/yr for SOXX. Their 0.49 correlation means their historical movements had little consistent relationship. EIRL charges 0.49%/yr vs 0.34%/yr for SOXX.

Performance

EIRL vs. SOXX - Performance Comparison

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

Returns By Period

In the year-to-date period, EIRL achieves a 10.04% return, which is significantly lower than SOXX's 68.76% return. Over the past 10 years, EIRL has underperformed SOXX with an annualized return of 9.76%, while SOXX has yielded a comparatively higher 31.96% annualized return.

EIRL

• 1D: 0.12%
• 1M: 0.25%
• 6M: 6.83%
• YTD: 10.04%
• 1Y: 25.72%
• 3Y*: 12.88%
• 5Y*: 8.34%
• 10Y*: 9.76%
• ALL TIME*: 9.90%

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)
EIRL iShares MSCI Ireland ETF	$628.14K	$449.36K	$1.15M
SOXX iShares Semiconductor ETF	$6.22B	$5.65B	$5.89B

EIRL vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIRL iShares MSCI Ireland ETF	10.04%	28.82%	-1.64%	35.13%	-18.83%	13.72%	9.63%	28.15%	-21.92%	29.82%
SOXX iShares Semiconductor ETF	68.76%	40.74%	12.92%	67.12%	-35.09%	44.09%	52.72%	62.42%	-6.49%	39.79%

Correlation

The correlation between EIRL and SOXX is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (3Y) Balances recent behavior with more history.	0.44
Correlation (5Y) Shows whether the relationship held over a longer period.	0.52
Correlation (10Y) Provides a long-term view across more market conditions.	0.50
Correlation (All Time) Calculated using the full available price history since May 11, 2010	0.49

The correlation between EIRL and SOXX shifts across timeframes, from 0.36 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.

EIRL vs. SOXX - Sectors Allocation Comparison

Sectors	EIRL	SOXX
Financial Services	39.6%	-
Consumer Defensive	19.5%	-
Healthcare	10.9%	-
Industrials	10.4%	-
Consumer Cyclical	8.5%	-
Basic Materials	4.3%	-
Energy	4.3%	-
Utilities	4.3%	-
Real Estate	2.0%	-
Technology	0.2%	100.0%
Communication Services	0.0%	-

Return for Risk

EIRL vs. SOXX — Risk / Return Rank

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

EIRL

EIRL Risk / Return Rank: 55
EIRL Sharpe Ratio Rank: 58
EIRL Sortino Ratio Rank: 60
EIRL Omega Ratio Rank: 59
EIRL Calmar Ratio Rank: 48
EIRL Martin Ratio Rank: 51

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.

EIRL vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Ireland ETF (EIRL) 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.

	EIRL	SOXX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	2.61	-1.17
Sortino ratio: Return per unit of downside risk	2.13	2.89	-0.76
Omega ratio: Gain probability vs. loss probability	1.27	1.39	-0.12
Calmar ratio: Return relative to maximum drawdown	1.81	3.99	-2.18
Martin ratio: Return relative to average drawdown	6.05	16.43	-10.38

EIRL vs. SOXX - Sharpe Ratio Comparison

The current EIRL Sharpe Ratio is 1.44, which is lower than the SOXX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of EIRL and SOXX, 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

EIRL vs. SOXX - Drawdown Comparison

The maximum EIRL drawdown since its inception was -46.48%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for EIRL and SOXX.

Drawdown Indicators

	EIRL	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-46.48%	-70.21%	+23.73%
Max Drawdown (1Y) Largest decline over 1 year	-14.28%	-29.01%	+14.73%
Max Drawdown (3Y) Largest decline over 3 years	-23.04%	-41.36%	+18.32%
Max Drawdown (5Y) Largest decline over 5 years	-40.14%	-45.75%	+5.61%
Max Drawdown (10Y) Largest decline over 10 years	-46.48%	-45.75%	-0.73%
Current Drawdown Current decline from peak	-1.05%	-22.49%	+21.44%
Average Drawdown Average peak-to-trough decline	-9.02%	-19.92%	+10.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	7.02%	-2.76%

Volatility

EIRL vs. SOXX - Volatility Comparison

The current volatility for iShares MSCI Ireland ETF (EIRL) is 4.26%, while iShares Semiconductor ETF (SOXX) has a volatility of 17.11%. This indicates that EIRL experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIRL	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	17.11%	-12.85%
Volatility (6M) Calculated over the trailing 6-month period	15.30%	38.66%	-23.36%
Volatility (1Y) Calculated over the trailing 1-year period	17.96%	44.40%	-26.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.10%	38.25%	-17.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.20%	34.55%	-13.35%

EIRL vs. SOXX - Expense Ratio Comparison

EIRL has a 0.49% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

EIRL vs. SOXX - Dividend Comparison

EIRL's dividend yield for the trailing twelve months is around 2.37%, more than SOXX's 0.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIRL iShares MSCI Ireland ETF	2.37%	2.71%	2.56%	1.00%	1.13%	0.82%	0.50%	2.11%	1.52%	1.44%	1.34%	1.70%
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 EIRL and SOXX in my portfolio?

EIRL and SOXX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIRL or SOXX?

SOXX has higher volatility (17.11%) compared to EIRL (4.26%). In terms of maximum drawdown, EIRL dropped -46.48% vs SOXX's -70.21%.

Which ETF is better, EIRL or SOXX?

On 10-year performance, SOXX leads with 31.96% vs 9.76% for EIRL. On fees, SOXX is cheaper at 0.34% per year. On volatility, EIRL has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIRL or SOXX?

Over the 10-year period, SOXX has performed better with a 31.96% return vs 9.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIRL or SOXX?

SOXX is cheaper with a 0.34% expense ratio, compared with 0.49% for EIRL.

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

EIRL has the higher dividend yield at 2.37%, compared with 0.29% for SOXX.

What is the main difference between EIRL and SOXX?

EIRL is categorized as Europe Equities, while SOXX is Semiconductors. EIRL tracks MSCI Ireland Investable Market 25/50 Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.49% for EIRL and 0.34% for SOXX.

Which has better risk-adjusted returns?

SOXX currently has the higher Sharpe Ratio (2.61 vs 1.44), 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.