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EWT vs. SOXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWT vs. SOXX

Last updated Jun 25, 2026

EWT (iShares MSCI Taiwan ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - EWT is a Asia Pacific Equities fund tracking the MSCI Taiwan 25/50 Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, EWT returned 20.37%/yr vs 36.04%/yr for SOXX. A 0.62 correlation means they provide meaningful diversification when combined. EWT charges 0.59%/yr vs 0.34%/yr for SOXX.

Performance

EWT vs. SOXX - Performance Comparison

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

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Returns By Period

In the year-to-date period, EWT achieves a 64.84% return, which is significantly lower than SOXX's 99.95% return. Over the past 10 years, EWT has underperformed SOXX with an annualized return of 20.37%, while SOXX has yielded a comparatively higher 36.04% annualized return.

EWT

1D
-0.49%
1M
8.14%
YTD
64.84%
6M
67.47%
1Y
92.77%
3Y*
39.25%
5Y*
18.90%
10Y*
20.37%

SOXX

1D
-0.31%
1M
12.00%
YTD
99.95%
6M
96.69%
1Y
157.04%
3Y*
56.02%
5Y*
33.68%
10Y*
36.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWT vs. SOXX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWT
iShares MSCI Taiwan ETF		64.84%28.38%16.11%29.00%-28.90%26.18%31.50%33.36%-9.90%26.81%
SOXX
iShares Semiconductor ETF		99.95%40.74%12.92%67.12%-35.09%44.09%52.72%62.42%-6.49%39.79%

Correlation

The correlation between EWT and SOXX is 0.74, 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

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

Correlation (5Y)
Calculated over the trailing 5-year period

0.72

Correlation (10Y)
Calculated over the trailing 10-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Jul 13, 2001

0.62

The correlation between EWT and SOXX shifts across timeframes, from 0.62 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.

EWT vs. SOXX - Sectors Allocation Comparison

Sectors
EWT
SOXX

Technology

76.9%
100.0%

Financial Services

12.0%

-

Industrials

3.1%

-

Basic Materials

2.9%

-

Communication Services

1.7%

-

Consumer Cyclical

1.6%

-

Consumer Defensive

1.0%

-

Healthcare

1.0%

-

Energy

-

-

Real Estate

-

-

Utilities

-

-

Technology

EWT
76.9%
SOXX
100.0%

Financial Services

EWT
12.0%
SOXX

-

Industrials

EWT
3.1%
SOXX

-

Basic Materials

EWT
2.9%
SOXX

-

Communication Services

EWT
1.7%
SOXX

-

Consumer Cyclical

EWT
1.6%
SOXX

-

Consumer Defensive

EWT
1.0%
SOXX

-

Healthcare

EWT
1.0%
SOXX

-

Energy

EWT

-

SOXX

-

Real Estate

EWT

-

SOXX

-

Utilities

EWT

-

SOXX

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Taiwan ETF

iShares Semiconductor ETF

Often compared with EWT:
EWT vs. EWYEWT vs. FLTWEWT vs. VTEWT vs. QQQEWT vs. EWHEWT vs. EWSEWT vs. EWX
Often compared with SOXX:
SOXX vs. SMHSOXX vs. QQQSOXX vs. SOXLSOXX vs. SOXQSOXX vs. FSELXSOXX vs. VGTSOXX vs. VOO

Return for Risk

EWT vs. SOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWT
EWT Risk / Return Rank: 9494
Overall Rank
EWT Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
EWT Sortino Ratio Rank: 9191
Sortino Ratio Rank
EWT Omega Ratio Rank: 9292
Omega Ratio Rank
EWT Calmar Ratio Rank: 9797
Calmar Ratio Rank
EWT Martin Ratio Rank: 9595
Martin Ratio Rank
SOXX
SOXX Risk / Return Rank: 9595
Overall Rank
SOXX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
SOXX Sortino Ratio Rank: 9292
Sortino Ratio Rank
SOXX Omega Ratio Rank: 9393
Omega Ratio Rank
SOXX Calmar Ratio Rank: 9797
Calmar Ratio Rank
SOXX Martin Ratio Rank: 9797
Martin Ratio Rank
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.

EWT vs. SOXX - Risk-Adjusted Trends Comparison

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

EWTSOXXDifference
Sharpe ratioReturn per unit of total volatility
3.36
4.02

-0.66

Sortino ratioReturn per unit of downside risk
3.83
3.99

-0.16

Omega ratioGain probability vs. loss probability

1.55

1.57

-0.02

Calmar ratioReturn relative to maximum drawdown

8.87

10.02

-1.15

Martin ratioReturn relative to average drawdown

25.89

35.78

-9.89

EWT vs. SOXX - Sharpe Ratio Comparison

The current EWT Sharpe Ratio is 3.36, which is comparable to the SOXX Sharpe Ratio of 4.02. The chart below compares the historical Sharpe Ratios of EWT 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.

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Drawdowns

EWT vs. SOXX - Drawdown Comparison

The maximum EWT drawdown since its inception was -64.37%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for EWT and SOXX.

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Drawdown Indicators

EWTSOXXDifference

Max Drawdown

Largest peak-to-trough decline

-64.37%

-70.21%

+5.84%

Max Drawdown (1Y)

Largest decline over 1 year

-10.51%

-15.77%

+5.26%

Max Drawdown (3Y)

Largest decline over 3 years

-25.66%

-41.36%

+15.70%

Max Drawdown (5Y)

Largest decline over 5 years

-38.88%

-45.75%

+6.87%

Max Drawdown (10Y)

Largest decline over 10 years

-38.88%

-45.75%

+6.87%

Current Drawdown

Current decline from peak

-6.11%

-8.17%

+2.06%

Average Drawdown

Average peak-to-trough decline

-19.13%

-19.94%

+0.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.60%

4.41%

-0.81%

Volatility

EWT vs. SOXX - Volatility Comparison

The current volatility for iShares MSCI Taiwan ETF (EWT) is 14.76%, while iShares Semiconductor ETF (SOXX) has a volatility of 22.70%. This indicates that EWT 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.

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Volatility by Period

EWTSOXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.76%

22.70%

-7.94%

Volatility (6M)

Calculated over the trailing 6-month period

23.90%

33.39%

-9.49%

Volatility (1Y)

Calculated over the trailing 1-year period

27.86%

39.43%

-11.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.16%

37.20%

-14.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.80%

33.99%

-12.19%

EWT vs. SOXX - Expense Ratio Comparison

EWT has a 0.59% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

EWT vs. SOXX - Dividend Comparison

EWT's dividend yield for the trailing twelve months is around 2.69%, more than SOXX's 0.24% yield.

PositionTTM20252024202320222021202020192018201720162015
EWT
iShares MSCI Taiwan ETF		2.69%4.43%3.32%12.01%18.82%0.55%1.83%2.49%3.16%2.81%2.39%3.12%
SOXX
iShares Semiconductor ETF		0.24%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

EWT and SOXX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SOXX has higher volatility (22.70%) compared to EWT (14.76%). In terms of maximum drawdown, EWT dropped -64.37% vs SOXX's -70.21%.

On 10-year performance, SOXX leads with 36.04% vs 20.37% for EWT. On fees, SOXX is cheaper at 0.34% per year. On volatility, EWT has been the lower-risk option at 14.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SOXX has performed better with a 36.04% return vs 20.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SOXX is cheaper with a 0.34% expense ratio, compared with 0.59% for EWT.

EWT has the higher dividend yield at 2.69%, compared with 0.24% for SOXX.

EWT is categorized as Asia Pacific Equities, while SOXX is Semiconductors. EWT tracks MSCI Taiwan 25/50 Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.59% for EWT and 0.34% for SOXX.

SOXX currently has the higher Sharpe Ratio (4.02 vs 3.36), 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.

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