FOVL vs. SOXX

Last updated Aug 2, 2026

FOVL (iShares Focused Value Factor ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - FOVL is a Mid Cap Value Equities fund tracking the MSCI USA IMI Focused Value Factor Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Their 0.46 correlation means their historical movements had little consistent relationship. FOVL charges 0.25%/yr vs 0.34%/yr for SOXX.

Performance

FOVL vs. SOXX - Performance Comparison

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

Returns By Period

FOVL

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SOXX

• 1D: 0.07%
• 1M: -10.85%
• 6M: 45.95%
• YTD: 67.84%
• 1Y: 113.81%
• 3Y*: 42.35%
• 5Y*: 28.10%
• 10Y*: 32.19%
• ALL TIME*: 13.83%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SOXX iShares Semiconductor ETF	$6.04B	$5.84B	$5.80B

FOVL vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FOVL iShares Focused Value Factor ETF	0.00%	6.43%	22.87%	17.72%	-9.39%	40.14%	-13.20%	7.00%
SOXX iShares Semiconductor ETF	67.84%	40.74%	12.92%	67.12%	-35.09%	44.09%	52.72%	34.26%

Correlation

The correlation between FOVL and SOXX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (3Y) Balances recent behavior with more history.	0.32
Correlation (5Y) Shows whether the relationship held over a longer period.	0.46
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019	0.46

Over the past year, the correlation between FOVL and SOXX has dropped to 0.01 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

FOVL vs. SOXX - Sectors Allocation Comparison

Sectors	FOVL	SOXX
Financial Services	44.6%	-
Industrials	12.8%	-
Energy	7.7%	-
Utilities	7.5%	-
Consumer Cyclical	5.2%	-
Consumer Defensive	5.0%	-
Technology	5.0%	100.0%
Healthcare	4.9%	-
Communication Services	4.7%	-
Real Estate	2.6%	-
Basic Materials	-	-

Return for Risk

FOVL vs. SOXX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FOVL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SOXX

SOXX Risk / Return Rank: 90
SOXX Sharpe Ratio Rank: 93
SOXX Sortino Ratio Rank: 86
SOXX Omega Ratio Rank: 87
SOXX Calmar Ratio Rank: 90
SOXX Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FOVL vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Focused Value Factor ETF (FOVL) 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.

	FOVL	SOXX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.53	—
Sortino ratio: Return per unit of downside risk	—	2.83	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.86	—
Martin ratio: Return relative to average drawdown	—	16.24	—

Drawdowns

Drawdown Indicators

	FOVL	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	—	-70.21%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-29.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-41.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.75%	—
Current Drawdown Current decline from peak	—	-22.92%	—
Average Drawdown Average peak-to-trough decline	—	-19.92%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.88%	—

Volatility

Volatility by Period

	FOVL	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	44.48%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	38.24%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	34.54%	—

FOVL vs. SOXX - Expense Ratio Comparison

FOVL has a 0.25% expense ratio, which is lower than SOXX's 0.34% expense ratio.

Dividends

FOVL vs. SOXX - Dividend Comparison

FOVL has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOVL iShares Focused Value Factor ETF	0.00%	1.36%	2.08%	2.59%	3.38%	2.80%	2.88%	2.09%	0.00%	0.00%	0.00%	0.00%
SOXX iShares Semiconductor ETF	0.29%	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

Can I hold both FOVL and SOXX in my portfolio?

FOVL and SOXX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FOVL or SOXX?

On fees, FOVL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FOVL or SOXX?

FOVL is cheaper with a 0.25% expense ratio, compared with 0.34% for SOXX.

Which ETF pays a higher dividend yield, FOVL or SOXX?

SOXX has the higher dividend yield at 0.29%, compared with 0.00% for FOVL.

What is the main difference between FOVL and SOXX?

FOVL is categorized as Mid Cap Value Equities, while SOXX is Semiconductors. FOVL tracks MSCI USA IMI Focused Value Factor Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.25% for FOVL and 0.34% for SOXX.