GBLD vs. SOXQ

Last updated Jun 5, 2026

GBLD (Invesco MSCI Green Building ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - GBLD is a Sustainable fund tracking the MSCI Global Green Building Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. At a 0.43 correlation, their price movements are largely independent. GBLD charges 0.39%/yr vs 0.19%/yr for SOXQ.

Performance

GBLD vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Green Building ETF (GBLD) and Invesco PHLX Semiconductor ETF (SOXQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GBLD

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

SOXQ

• 1D: -2.15%
• 1M: 24.08%
• YTD: 92.48%
• 6M: 89.00%
• 1Y: 171.59%
• 3Y*: 59.09%
• 5Y*: —
• 10Y*: —

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

GBLD vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GBLD Invesco MSCI Green Building ETF	4.52%	17.95%	-5.63%	6.39%	-21.69%	-9.06%
SOXQ Invesco PHLX Semiconductor ETF	92.48%	43.11%	20.16%	66.74%	-35.59%	24.82%

Correlation

The correlation between GBLD and SOXQ is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021	0.43

Over the past year, the correlation between GBLD and SOXQ has dropped to 0.12 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

Return for Risk

GBLD vs. SOXQ — Risk / Return Rank

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

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
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.

GBLD vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Green Building ETF (GBLD) 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.

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

Sharpe Ratios by Period

	GBLD	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.96	—

Drawdowns

Drawdown Indicators

	GBLD	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-46.01%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.59%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-39.36%	—
Current Drawdown Current decline from peak	—	-2.15%	—
Average Drawdown Average peak-to-trough decline	—	-12.95%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.06%	—

Volatility

Volatility by Period

	GBLD	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	33.80%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	36.38%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	36.38%	—

GBLD vs. SOXQ - Expense Ratio Comparison

GBLD has a 0.39% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

GBLD vs. SOXQ - Dividend Comparison

GBLD's dividend yield for the trailing twelve months is around 3.45%, more than SOXQ's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021
GBLD Invesco MSCI Green Building ETF	3.45%	3.27%	5.34%	6.60%	3.79%	3.16%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both GBLD and SOXQ in my portfolio?

GBLD and SOXQ have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GBLD or SOXQ?

On fees, SOXQ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBLD or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.39% for GBLD.

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

GBLD has the higher dividend yield at 3.45%, compared with 0.26% for SOXQ.

What is the main difference between GBLD and SOXQ?

GBLD is categorized as Sustainable, while SOXQ is Semiconductors. GBLD tracks MSCI Global Green Building Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.39% for GBLD and 0.19% for SOXQ.