EVMT vs. SOXQ

Last updated Jun 4, 2026

EVMT (Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - EVMT is a Commodities fund actively managed by Invesco, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. EVMT is actively managed, while SOXQ is passively managed. Over the past 3 years, EVMT returned 4.71%/yr vs 59.40%/yr for SOXQ. At a 0.26 correlation, their price movements are largely independent. EVMT charges 0.59%/yr vs 0.19%/yr for SOXQ.

Performance

EVMT vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) 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, EVMT achieves a 13.45% return, which is significantly lower than SOXQ's 96.72% return.

EVMT

• 1D: -1.66%
• 1M: 2.45%
• YTD: 13.45%
• 6M: 22.53%
• 1Y: 41.86%
• 3Y*: 4.71%
• 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)

EVMT vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	13.45%	30.61%	-10.50%	-27.71%	-16.95%
SOXQ Invesco PHLX Semiconductor ETF	96.72%	43.11%	20.16%	66.74%	-12.37%

Correlation

The correlation between EVMT and SOXQ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022	0.26

The correlation between EVMT and SOXQ shifts across timeframes, from 0.26 (3 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EVMT vs. SOXQ — Risk / Return Rank

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

EVMT

EVMT Risk / Return Rank: 85
EVMT Sharpe Ratio Rank: 85
EVMT Sortino Ratio Rank: 84
EVMT Omega Ratio Rank: 84
EVMT Calmar Ratio Rank: 89
EVMT Martin Ratio Rank: 85

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.

EVMT vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) 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.

	EVMT	SOXQ	Difference
Sharpe ratio Return per unit of total volatility	2.79	5.43	-2.64
Sortino ratio Return per unit of downside risk	3.72	5.22	-1.50
Omega ratio Gain probability vs. loss probability	1.51	1.72	-0.22
Calmar ratio Return relative to maximum drawdown	5.28	11.73	-6.45
Martin ratio Return relative to average drawdown	17.86	45.01	-27.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVMT vs. SOXQ - Sharpe Ratio Comparison

The current EVMT Sharpe Ratio is 2.79, which is lower than the SOXQ Sharpe Ratio of 5.43. The chart below compares the historical Sharpe Ratios of EVMT 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

	EVMT	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.79	5.43	-2.64
Sharpe Ratio (All Time) Calculated using the full available price history	-0.26	0.98	-1.25

Drawdowns

EVMT vs. SOXQ - Drawdown Comparison

The maximum EVMT drawdown since its inception was -48.34%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for EVMT and SOXQ.

Drawdown Indicators

	EVMT	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-48.34%	-46.01%	-2.33%
Max Drawdown (1Y) Largest decline over 1 year	-7.96%	-15.59%	+7.63%
Max Drawdown (3Y) Largest decline over 3 years	-29.38%	-39.36%	+9.98%
Current Drawdown Current decline from peak	-21.69%	0.00%	-21.69%
Average Drawdown Average peak-to-trough decline	-34.74%	-12.96%	-21.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	4.06%	-1.71%

Volatility

EVMT vs. SOXQ - Volatility Comparison

The current volatility for Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) is 4.51%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 13.44%. This indicates that EVMT 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

	EVMT	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	13.44%	-8.93%
Volatility (6M) Calculated over the trailing 6-month period	13.47%	26.70%	-13.23%
Volatility (1Y) Calculated over the trailing 1-year period	15.09%	33.78%	-18.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.51%	36.38%	-15.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.51%	36.38%	-15.87%

EVMT vs. SOXQ - Expense Ratio Comparison

EVMT has a 0.59% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

EVMT vs. SOXQ - Dividend Comparison

EVMT's dividend yield for the trailing twelve months is around 10.40%, more than SOXQ's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	10.40%	11.80%	3.62%	5.49%	0.86%	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 EVMT and SOXQ in my portfolio?

EVMT and SOXQ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVMT or SOXQ?

SOXQ has higher volatility (13.44%) compared to EVMT (4.51%). In terms of maximum drawdown, EVMT dropped -48.34% vs SOXQ's -46.01%.

Which ETF is better, EVMT or SOXQ?

On 3-year performance, SOXQ leads with 59.40% vs 4.71% for EVMT. On fees, SOXQ is cheaper at 0.19% per year. On volatility, EVMT has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVMT or SOXQ?

Over the 3-year period, SOXQ has performed better with a 59.40% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVMT or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.59% for EVMT.

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

EVMT has the higher dividend yield at 10.40%, compared with 0.26% for SOXQ.

What is the main difference between EVMT and SOXQ?

EVMT is categorized as Commodities, while SOXQ is Semiconductors. Their fees differ too: 0.59% for EVMT and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (5.43 vs 2.79), 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.