ETEC vs. SOXQ

Last updated Jun 4, 2026

ETEC (iShares Breakthrough Environmental Solutions ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - ETEC is a Technology Equities fund tracking the Morningstar Global Emerging Green Technologies Select Index - Benchmark TR Net, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 3 years, ETEC returned 10.90%/yr vs 59.40%/yr for SOXQ. A 0.61 correlation means they provide meaningful diversification when combined. ETEC charges 0.47%/yr vs 0.19%/yr for SOXQ.

Performance

ETEC vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Breakthrough Environmental Solutions ETF (ETEC) 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, ETEC achieves a 29.01% return, which is significantly lower than SOXQ's 96.72% return.

ETEC

• 1D: 0.71%
• 1M: 10.60%
• YTD: 29.01%
• 6M: 30.09%
• 1Y: 63.13%
• 3Y*: 10.90%
• 5Y*: —
• 10Y*: —

SOXQ

• 1D: 1.42%
• 1M: 32.12%
• YTD: 96.72%
• 6M: 91.61%
• 1Y: 181.76%
• 3Y*: 59.40%
• 5Y*: —
• 10Y*: —

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

ETEC vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ETEC iShares Breakthrough Environmental Solutions ETF	29.01%	31.89%	-18.16%	-6.50%
SOXQ Invesco PHLX Semiconductor ETF	96.72%	43.11%	20.16%	30.96%

Correlation

The correlation between ETEC and SOXQ is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Mar 31, 2023	0.61

The correlation between ETEC and SOXQ has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

ETEC vs. SOXQ - Sectors Allocation Comparison

Sectors	ETEC	SOXQ
Industrials	36.4%	-
Technology	23.0%	100.0%
Consumer Cyclical	22.5%	-
Energy	11.9%	-
Basic Materials	3.0%	-
Utilities	2.9%	-
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	0.0%
Healthcare	-	-
Real Estate	-	-

Return for Risk

ETEC vs. SOXQ — Risk / Return Rank

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

ETEC

ETEC Risk / Return Rank: 86
ETEC Sharpe Ratio Rank: 88
ETEC Sortino Ratio Rank: 85
ETEC Omega Ratio Rank: 80
ETEC Calmar Ratio Rank: 91
ETEC Martin Ratio Rank: 87

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
SOXQ Omega Ratio Rank: 95
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.

ETEC vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Breakthrough Environmental Solutions ETF (ETEC) 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.

	ETEC	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	2.97	5.43	-2.45
Sortino ratio: Return per unit of downside risk	3.83	5.22	-1.39
Omega ratio: Gain probability vs. loss probability	1.48	1.72	-0.24
Calmar ratio: Return relative to maximum drawdown	6.05	11.73	-5.69
Martin ratio: Return relative to average drawdown	18.94	45.01	-26.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETEC vs. SOXQ - Sharpe Ratio Comparison

The current ETEC Sharpe Ratio is 2.97, which is lower than the SOXQ Sharpe Ratio of 5.43. The chart below compares the historical Sharpe Ratios of ETEC 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

	ETEC	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	5.43	-2.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.98	-0.62

Drawdowns

ETEC vs. SOXQ - Drawdown Comparison

The maximum ETEC drawdown since its inception was -39.71%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for ETEC and SOXQ.

Drawdown Indicators

	ETEC	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-39.71%	-46.01%	+6.30%
Max Drawdown (1Y) Largest decline over 1 year	-10.49%	-15.59%	+5.10%
Max Drawdown (3Y) Largest decline over 3 years	-39.71%	-39.36%	-0.35%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-15.00%	-12.96%	-2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	4.06%	-0.72%

Volatility

ETEC vs. SOXQ - Volatility Comparison

The current volatility for iShares Breakthrough Environmental Solutions ETF (ETEC) is 7.14%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 13.44%. This indicates that ETEC 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

	ETEC	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.14%	13.44%	-6.30%
Volatility (6M) Calculated over the trailing 6-month period	15.83%	26.70%	-10.87%
Volatility (1Y) Calculated over the trailing 1-year period	21.36%	33.78%	-12.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.87%	36.38%	-12.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.87%	36.38%	-12.51%

ETEC vs. SOXQ - Expense Ratio Comparison

ETEC has a 0.47% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

ETEC vs. SOXQ - Dividend Comparison

ETEC's dividend yield for the trailing twelve months is around 0.25%, less than SOXQ's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021
ETEC iShares Breakthrough Environmental Solutions ETF	0.25%	0.33%	1.24%	4.18%	0.00%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both ETEC and SOXQ in my portfolio?

ETEC and SOXQ have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETEC or SOXQ?

SOXQ has higher volatility (13.44%) compared to ETEC (7.14%). In terms of maximum drawdown, ETEC dropped -39.71% vs SOXQ's -46.01%.

Which ETF is better, ETEC or SOXQ?

On 3-year performance, SOXQ leads with 59.40% vs 10.90% for ETEC. On fees, SOXQ is cheaper at 0.19% per year. On volatility, ETEC has been the lower-risk option at 7.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETEC or SOXQ?

Over the 3-year period, SOXQ has performed better with a 59.40% return vs 10.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETEC or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.47% for ETEC.

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

ETEC and SOXQ have nearly identical dividend yields, around 0.25%.

What is the main difference between ETEC and SOXQ?

ETEC is categorized as Technology Equities, while SOXQ is Semiconductors. ETEC tracks Morningstar Global Emerging Green Technologies Select Index - Benchmark TR Net, while SOXQ tracks PHLX Semiconductor Sector Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.47% for ETEC and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (5.43 vs 2.97), 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.