FCNCA vs. SOXQ

Last updated Jun 23, 2026

FCNCA (First Citizens BancShares, Inc.) is a stock, while SOXQ (Invesco PHLX Semiconductor ETF) is Semiconductors fund tracking the PHLX Semiconductor Sector Index. Over the past 5 years, FCNCA returned 20.09%/yr vs 36.75%/yr for SOXQ. At a 0.35 correlation, their price movements are largely independent.

Performance

FCNCA vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Citizens BancShares, Inc. (FCNCA) 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, FCNCA achieves a -2.65% return, which is significantly lower than SOXQ's 106.78% return.

FCNCA

• 1D: 0.65%
• 1M: 4.80%
• YTD: -2.65%
• 6M: -3.58%
• 1Y: 11.94%
• 3Y*: 20.40%
• 5Y*: 20.09%
• 10Y*: 24.56%

SOXQ

• 1D: 2.14%
• 1M: 19.93%
• YTD: 106.78%
• 6M: 105.09%
• 1Y: 181.98%
• 3Y*: 61.94%
• 5Y*: 36.75%
• 10Y*: —

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

FCNCA vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FCNCA First Citizens BancShares, Inc.	-2.65%	1.99%	49.46%	87.73%	-8.35%	-2.50%
SOXQ Invesco PHLX Semiconductor ETF	106.78%	43.11%	20.16%	66.74%	-35.59%	25.19%

Correlation

The correlation between FCNCA and SOXQ is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.35

Over the past year, the correlation between FCNCA and SOXQ has dropped to 0.11 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Return for Risk

FCNCA vs. SOXQ — Risk / Return Rank

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

FCNCA

FCNCA Risk / Return Rank: 53
FCNCA Sharpe Ratio Rank: 57
FCNCA Sortino Ratio Rank: 49
FCNCA Omega Ratio Rank: 50
FCNCA Calmar Ratio Rank: 53
FCNCA Martin Ratio Rank: 54

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 94
SOXQ Omega Ratio Rank: 94
SOXQ Calmar Ratio Rank: 98
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.

FCNCA vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Citizens BancShares, Inc. (FCNCA) 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.

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.

	FCNCA	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	0.43	4.83	-4.40
Sortino ratio: Return per unit of downside risk	0.73	4.58	-3.84
Omega ratio: Gain probability vs. loss probability	1.10	1.65	-0.56
Calmar ratio: Return relative to maximum drawdown	0.50	11.75	-11.25
Martin ratio: Return relative to average drawdown	1.07	42.46	-41.38

FCNCA vs. SOXQ - Sharpe Ratio Comparison

The current FCNCA Sharpe Ratio is 0.43, which is lower than the SOXQ Sharpe Ratio of 4.83. The chart below compares the historical Sharpe Ratios of FCNCA 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.

Drawdowns

FCNCA vs. SOXQ - Drawdown Comparison

The maximum FCNCA drawdown since its inception was -63.51%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for FCNCA and SOXQ.

Drawdown Indicators

	FCNCA	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-63.51%	-46.01%	-17.50%
Max Drawdown (1Y) Largest decline over 1 year	-24.00%	-15.59%	-8.41%
Max Drawdown (3Y) Largest decline over 3 years	-33.51%	-39.36%	+5.85%
Max Drawdown (5Y) Largest decline over 5 years	-43.63%	-46.01%	+2.38%
Max Drawdown (10Y) Largest decline over 10 years	-47.48%	—	—
Current Drawdown Current decline from peak	-10.77%	0.00%	-10.77%
Average Drawdown Average peak-to-trough decline	-13.96%	-12.87%	-1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.17%	4.31%	+6.86%

Volatility

FCNCA vs. SOXQ - Volatility Comparison

The current volatility for First Citizens BancShares, Inc. (FCNCA) is 7.36%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 20.05%. This indicates that FCNCA 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

	FCNCA	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.36%	20.05%	-12.69%
Volatility (6M) Calculated over the trailing 6-month period	20.07%	31.34%	-11.27%
Volatility (1Y) Calculated over the trailing 1-year period	27.63%	37.96%	-10.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.57%	37.17%	+4.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.08%	37.08%	+1.00%

Dividends

FCNCA vs. SOXQ - Dividend Comparison

FCNCA's dividend yield for the trailing twelve months is around 0.40%, more than SOXQ's 0.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCNCA First Citizens BancShares, Inc.	0.40%	0.37%	0.33%	0.27%	0.28%	0.23%	0.29%	0.30%	0.38%	0.31%	0.34%	0.46%
SOXQ Invesco PHLX Semiconductor ETF	0.31%	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 FCNCA and SOXQ in my portfolio?

FCNCA and SOXQ have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCNCA or SOXQ?

SOXQ has higher volatility (20.05%) compared to FCNCA (7.36%). In terms of maximum drawdown, FCNCA dropped -63.51% vs SOXQ's -46.01%.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (4.83 vs 0.43), 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.