FLTW vs. SOXQ

Last updated Jun 13, 2026

FLTW (Franklin FTSE Taiwan ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - FLTW is a Asia Pacific Equities fund tracking the FTSE Taiwan RIC Capped Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 5 years, FLTW returned 20.89%/yr vs 34.23%/yr for SOXQ. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.19% expense ratio.

Performance

FLTW vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Taiwan ETF (FLTW) 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, FLTW achieves a 65.68% return, which is significantly lower than SOXQ's 89.01% return.

FLTW

• 1D: 0.59%
• 1M: 9.23%
• YTD: 65.68%
• 6M: 71.97%
• 1Y: 100.51%
• 3Y*: 39.63%
• 5Y*: 20.89%
• 10Y*: —

SOXQ

• 1D: 1.53%
• 1M: 11.31%
• YTD: 89.01%
• 6M: 90.35%
• 1Y: 155.88%
• 3Y*: 54.65%
• 5Y*: 34.23%
• 10Y*: —

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

FLTW vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FLTW Franklin FTSE Taiwan ETF	65.68%	32.00%	16.68%	30.05%	-27.51%	7.28%
SOXQ Invesco PHLX Semiconductor ETF	89.01%	43.11%	20.16%	66.74%	-35.59%	25.19%

Correlation

The correlation between FLTW and SOXQ is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.70

The correlation between FLTW and SOXQ has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.

FLTW vs. SOXQ - Sectors Allocation Comparison

Sectors	FLTW	SOXQ
Technology	75.6%	100.0%
Financial Services	12.6%	0.0%
Industrials	4.0%	-
Basic Materials	2.9%	-
Consumer Cyclical	1.7%	-
Communication Services	1.6%	-
Consumer Defensive	0.9%	-
Healthcare	0.6%	-
Energy	0.1%	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FLTW vs. SOXQ — Risk / Return Rank

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

FLTW

FLTW Risk / Return Rank: 95
FLTW Sharpe Ratio Rank: 96
FLTW Sortino Ratio Rank: 92
FLTW Omega Ratio Rank: 93
FLTW Calmar Ratio Rank: 97
FLTW Martin Ratio Rank: 95

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 97
SOXQ Sortino Ratio Rank: 94
SOXQ Omega Ratio Rank: 94
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.

FLTW vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Taiwan ETF (FLTW) 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.

	FLTW	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	3.62	4.26	-0.65
Sortino ratio: Return per unit of downside risk	4.02	4.25	-0.23
Omega ratio: Gain probability vs. loss probability	1.58	1.60	-0.02
Calmar ratio: Return relative to maximum drawdown	9.29	10.06	-0.77
Martin ratio: Return relative to average drawdown	27.95	36.55	-8.60

FLTW vs. SOXQ - Sharpe Ratio Comparison

The current FLTW Sharpe Ratio is 3.62, which is comparable to the SOXQ Sharpe Ratio of 4.26. The chart below compares the historical Sharpe Ratios of FLTW 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

FLTW vs. SOXQ - Drawdown Comparison

The maximum FLTW drawdown since its inception was -38.00%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for FLTW and SOXQ.

Drawdown Indicators

	FLTW	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-38.00%	-46.01%	+8.01%
Max Drawdown (1Y) Largest decline over 1 year	-10.87%	-15.59%	+4.72%
Max Drawdown (3Y) Largest decline over 3 years	-26.45%	-39.36%	+12.91%
Max Drawdown (5Y) Largest decline over 5 years	-38.00%	-46.01%	+8.01%
Current Drawdown Current decline from peak	-4.47%	-3.91%	-0.56%
Average Drawdown Average peak-to-trough decline	-8.42%	-12.92%	+4.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	4.29%	-0.68%

Volatility

FLTW vs. SOXQ - Volatility Comparison

The current volatility for Franklin FTSE Taiwan ETF (FLTW) is 15.27%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 18.79%. This indicates that FLTW 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

	FLTW	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.27%	18.79%	-3.52%
Volatility (6M) Calculated over the trailing 6-month period	23.85%	30.67%	-6.82%
Volatility (1Y) Calculated over the trailing 1-year period	27.98%	36.79%	-8.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.90%	36.89%	-13.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.03%	36.87%	-14.84%

FLTW vs. SOXQ - Expense Ratio Comparison

Both FLTW and SOXQ have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FLTW vs. SOXQ - Dividend Comparison

FLTW's dividend yield for the trailing twelve months is around 1.51%, more than SOXQ's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLTW Franklin FTSE Taiwan ETF	1.51%	2.51%	1.89%	2.85%	3.16%	2.31%	2.14%	3.00%	1.06%
SOXQ Invesco PHLX Semiconductor ETF	0.27%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLTW and SOXQ in my portfolio?

FLTW and SOXQ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLTW or SOXQ?

SOXQ has higher volatility (18.79%) compared to FLTW (15.27%). In terms of maximum drawdown, FLTW dropped -38.00% vs SOXQ's -46.01%.

Which ETF is better, FLTW or SOXQ?

On 5-year performance, SOXQ leads with 34.23% vs 20.89% for FLTW. Both ETFs have the same 0.19% expense ratio. On volatility, FLTW has been the lower-risk option at 15.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLTW or SOXQ?

Over the 5-year period, SOXQ has performed better with a 34.23% return vs 20.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLTW or SOXQ?

FLTW and SOXQ have the same expense ratio: 0.19% per year.

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

FLTW has the higher dividend yield at 1.51%, compared with 0.27% for SOXQ.

What is the main difference between FLTW and SOXQ?

FLTW is categorized as Asia Pacific Equities, while SOXQ is Semiconductors. FLTW tracks FTSE Taiwan RIC Capped Index, while SOXQ tracks PHLX Semiconductor Sector Index. They also come from different issuers: Franklin Templeton and Invesco.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (4.26 vs 3.62), 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.