FXF vs. SOXQ
FXF (Invesco CurrencyShares® Swiss Franc Trust) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - FXF is a Currency fund tracking the Swiss Franc, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 5 years, FXF returned 1.77%/yr vs 28.65%/yr for SOXQ. Their 0.11 correlation means their historical movements had little consistent relationship. FXF charges 0.40%/yr vs 0.19%/yr for SOXQ.
Performance
FXF vs. SOXQ - Performance Comparison
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Returns By Period
In the year-to-date period, FXF achieves a -2.29% return, which is significantly lower than SOXQ's 59.97% return.
FXF
- 1D
- -0.42%
- 1M
- -0.60%
- 6M
- -4.69%
- YTD
- -2.29%
- 1Y
- -0.92%
- 3Y*
- 2.38%
- 5Y*
- 1.77%
- 10Y*
- 0.93%
- ALL TIME*
- 1.67%
SOXQ
- 1D
- 0.15%
- 1M
- -10.31%
- 6M
- 41.59%
- YTD
- 59.97%
- 1Y
- 105.49%
- 3Y*
- 44.02%
- 5Y*
- 28.65%
- 10Y*
- —
- ALL TIME*
- 29.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.96M | $3.14M | $5.24M | |
| $219.33M | $233.61M | $278.30M |
FXF vs. SOXQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FXF Invesco CurrencyShares® Swiss Franc Trust | -2.29% | 14.04% | -7.46% | 9.63% | -2.29% | -2.51% |
SOXQ Invesco PHLX Semiconductor ETF | 59.97% | 43.11% | 20.16% | 66.74% | -35.59% | 25.19% |
Correlation
The correlation between FXF and SOXQ is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021 | 0.11 |
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Return for Risk
FXF vs. SOXQ — Risk / Return Rank
FXF
SOXQ
FXF vs. SOXQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Swiss Franc Trust (FXF) 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.
| FXF | SOXQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.36 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 3.61 | -3.61 |
| Martin ratioReturn relative to average drawdown | -0.01 | 15.05 | -15.05 |
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Drawdowns
FXF vs. SOXQ - Drawdown Comparison
The maximum FXF drawdown since its inception was -35.58%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for FXF and SOXQ.
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Drawdown Indicators
| FXF | SOXQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.58% | -46.01% | +10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.27% | -28.56% | +21.29% |
Max Drawdown (3Y)Largest decline over 3 years | -8.52% | -39.36% | +30.84% |
Max Drawdown (5Y)Largest decline over 5 years | -11.76% | -46.01% | +34.25% |
Max Drawdown (10Y)Largest decline over 10 years | -15.04% | — | — |
Current DrawdownCurrent decline from peak | -20.24% | -22.64% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -20.83% | -12.92% | -7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 6.83% | -3.74% |
Volatility
FXF vs. SOXQ - Volatility Comparison
The current volatility for Invesco CurrencyShares® Swiss Franc Trust (FXF) is 2.25%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 17.19%. This indicates that FXF 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.
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Volatility by Period
| FXF | SOXQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 17.19% | -14.94% |
Volatility (6M)Calculated over the trailing 6-month period | 5.10% | 37.70% | -32.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.38% | 43.52% | -36.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 38.28% | -29.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.57% | 37.93% | -30.36% |
FXF vs. SOXQ - Expense Ratio Comparison
FXF has a 0.40% expense ratio, which is higher than SOXQ's 0.19% expense ratio.
Dividends
FXF vs. SOXQ - Dividend Comparison
FXF has not paid dividends to shareholders, while SOXQ's dividend yield for the trailing twelve months is around 0.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FXF Invesco CurrencyShares® Swiss Franc Trust | 0.00% | 0.00% | 0.03% | 0.02% | 0.00% | 0.00% |
SOXQ Invesco PHLX Semiconductor ETF | 0.32% | 0.50% | 0.68% | 0.87% | 1.36% | 0.72% |
Frequently Asked Questions
FXF and SOXQ have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXQ has higher volatility (17.19%) compared to FXF (2.25%). In terms of maximum drawdown, FXF dropped -35.58% vs SOXQ's -46.01%.
On 5-year performance, SOXQ leads with 28.65% vs 1.77% for FXF. On fees, SOXQ is cheaper at 0.19% per year. On volatility, FXF has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SOXQ has performed better with a 28.65% return vs 1.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXQ is cheaper with a 0.19% expense ratio, compared with 0.40% for FXF.
SOXQ has the higher dividend yield at 0.32%, compared with 0.00% for FXF.
FXF is categorized as Currency, while SOXQ is Semiconductors. FXF tracks Swiss Franc, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.40% for FXF and 0.19% for SOXQ.
SOXQ currently has the higher Sharpe Ratio (2.37 vs -0.00), 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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