FMTM vs. SOXQ

Last updated Apr 2, 2026

Compare and contrast key facts about MarketDesk Focused U.S. Momentum ETF (FMTM) and Invesco PHLX Semiconductor ETF (SOXQ).

FMTM and SOXQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOXQ is a passively managed fund by Invesco that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jun 11, 2021.

Performance

FMTM vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MarketDesk Focused U.S. Momentum ETF (FMTM) and Invesco PHLX Semiconductor ETF (SOXQ). The values are adjusted to include any dividend payments, if applicable.

FMTM vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025
FMTM MarketDesk Focused U.S. Momentum ETF	10.10%	27.90%
SOXQ Invesco PHLX Semiconductor ETF	10.26%	54.62%

Returns By Period

The year-to-date returns for both investments are quite close, with FMTM having a 10.10% return and SOXQ slightly higher at 10.26%.

FMTM

• 1D: 1.78%
• 1M: -6.27%
• YTD: 10.10%
• 6M: 17.46%
• 1Y: 39.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXQ

• 1D: 2.88%
• 1M: -4.05%
• YTD: 10.26%
• 6M: 20.31%
• 1Y: 83.12%
• 3Y*: 35.09%
• 5Y*: —
• 10Y*: —

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

FMTM vs. SOXQ - Expense Ratio Comparison

FMTM has a 0.45% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

FMTM

MarketDesk Focused U.S. Momentum ETF

SOXQ

Invesco PHLX Semiconductor ETF

Return for Risk

FMTM vs. SOXQ — Risk / Return Rank

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

FMTM

FMTM Risk / Return Rank: 84
FMTM Sharpe Ratio Rank: 83
FMTM Sortino Ratio Rank: 82
FMTM Omega Ratio Rank: 76
FMTM Calmar Ratio Rank: 90
FMTM Martin Ratio Rank: 90

SOXQ

SOXQ Risk / Return Rank: 93
SOXQ Sharpe Ratio Rank: 91
SOXQ Sortino Ratio Rank: 91
SOXQ Omega Ratio Rank: 89
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 96

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.

FMTM vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MarketDesk Focused U.S. Momentum ETF (FMTM) 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.

	FMTM	SOXQ	Difference
Sharpe ratio Return per unit of total volatility	1.68	2.08	-0.40
Sortino ratio Return per unit of downside risk	2.20	2.68	-0.48
Omega ratio Gain probability vs. loss probability	1.30	1.38	-0.08
Calmar ratio Return relative to maximum drawdown	3.23	4.79	-1.56
Martin ratio Return relative to average drawdown	12.18	17.49	-5.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMTM vs. SOXQ - Sharpe Ratio Comparison

The current FMTM Sharpe Ratio is 1.68, which is comparable to the SOXQ Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of FMTM and SOXQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FMTM	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	2.08	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	0.60	+1.11

Correlation

The correlation between FMTM and SOXQ is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FMTM vs. SOXQ - Dividend Comparison

FMTM's dividend yield for the trailing twelve months is around 0.27%, less than SOXQ's 0.46% yield.

	TTM	2025	2024	2023	2022	2021
FMTM MarketDesk Focused U.S. Momentum ETF	0.27%	0.30%	0.00%	0.00%	0.00%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.46%	0.50%	0.68%	0.87%	1.36%	0.72%

Drawdowns

FMTM vs. SOXQ - Drawdown Comparison

The maximum FMTM drawdown since its inception was -12.12%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for FMTM and SOXQ.

Drawdown Indicators

	FMTM	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-46.01%	+33.89%
Max Drawdown (1Y) Largest decline over 1 year	-12.12%	-17.44%	+5.32%
Current Drawdown Current decline from peak	-6.27%	-7.78%	+1.51%
Average Drawdown Average peak-to-trough decline	-1.89%	-13.37%	+11.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	4.78%	-1.57%

Volatility

FMTM vs. SOXQ - Volatility Comparison

The current volatility for MarketDesk Focused U.S. Momentum ETF (FMTM) is 10.78%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 12.69%. This indicates that FMTM 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

	FMTM	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.78%	12.69%	-1.91%
Volatility (6M) Calculated over the trailing 6-month period	19.28%	26.33%	-7.05%
Volatility (1Y) Calculated over the trailing 1-year period	23.38%	40.14%	-16.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.19%	36.10%	-12.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.19%	36.10%	-12.91%