GGME vs. SOXQ

Last updated Jun 4, 2026

GGME (Invesco Next Gen Media and Gaming ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - GGME is a Technology Equities fund tracking the STOXX World AC NexGen Media Index - Benchmark TR Gross, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 3 years, GGME returned 24.13%/yr vs 59.40%/yr for SOXQ. A 0.73 correlation means they provide meaningful diversification when combined. GGME charges 0.60%/yr vs 0.19%/yr for SOXQ.

Performance

GGME vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Media and Gaming ETF (GGME) 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, GGME achieves a 7.37% return, which is significantly lower than SOXQ's 96.72% return.

GGME

• 1D: -0.32%
• 1M: 12.63%
• YTD: 7.37%
• 6M: 5.66%
• 1Y: 13.51%
• 3Y*: 24.13%
• 5Y*: 4.50%
• 10Y*: 10.45%

SOXQ

• 1D: 1.42%
• 1M: 32.12%
• YTD: 96.72%
• 6M: 91.61%
• 1Y: 181.76%
• 3Y*: 59.40%
• 5Y*: —
• 10Y*: —

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

GGME vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GGME Invesco Next Gen Media and Gaming ETF	7.37%	16.39%	32.67%	23.76%	-36.43%	-5.33%
SOXQ Invesco PHLX Semiconductor ETF	96.72%	43.11%	20.16%	66.74%	-35.59%	24.82%

Correlation

The correlation between GGME and SOXQ is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021	0.73

The correlation between GGME and SOXQ shifts across timeframes, from 0.62 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

GGME vs. SOXQ - Sectors Allocation Comparison

Sectors	GGME	SOXQ
Technology	56.5%	100.0%
Communication Services	40.1%	-
Consumer Cyclical	3.0%	-
Industrials	0.4%	-
Financial Services	0.3%	0.0%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

GGME vs. SOXQ — Risk / Return Rank

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

GGME

GGME Risk / Return Rank: 19
GGME Sharpe Ratio Rank: 22
GGME Sortino Ratio Rank: 21
GGME Omega Ratio Rank: 21
GGME Calmar Ratio Rank: 16
GGME Martin Ratio Rank: 15

SOXQ

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

GGME vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Media and Gaming ETF (GGME) 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.

	GGME	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	0.73	5.43	-4.70
Sortino ratio: Return per unit of downside risk	1.10	5.22	-4.12
Omega ratio: Gain probability vs. loss probability	1.14	1.72	-0.58
Calmar ratio: Return relative to maximum drawdown	0.54	11.73	-11.20
Martin ratio: Return relative to average drawdown	1.21	45.01	-43.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GGME vs. SOXQ - Sharpe Ratio Comparison

The current GGME Sharpe Ratio is 0.73, which is lower than the SOXQ Sharpe Ratio of 5.43. The chart below compares the historical Sharpe Ratios of GGME 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.

Sharpe Ratios by Period

	GGME	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	5.43	-4.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.98	-0.64

Drawdowns

GGME vs. SOXQ - Drawdown Comparison

The maximum GGME drawdown since its inception was -69.13%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for GGME and SOXQ.

Drawdown Indicators

	GGME	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-69.13%	-46.01%	-23.12%
Max Drawdown (1Y) Largest decline over 1 year	-25.23%	-15.59%	-9.64%
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	-39.36%	+14.13%
Max Drawdown (5Y) Largest decline over 5 years	-44.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.35%	—	—
Current Drawdown Current decline from peak	-2.98%	0.00%	-2.98%
Average Drawdown Average peak-to-trough decline	-14.54%	-12.96%	-1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.22%	4.06%	+7.16%

Volatility

GGME vs. SOXQ - Volatility Comparison

The current volatility for Invesco Next Gen Media and Gaming ETF (GGME) is 5.12%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 13.44%. This indicates that GGME 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

	GGME	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	13.44%	-8.32%
Volatility (6M) Calculated over the trailing 6-month period	14.30%	26.70%	-12.40%
Volatility (1Y) Calculated over the trailing 1-year period	18.63%	33.78%	-15.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.16%	36.38%	-12.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.14%	36.38%	-13.24%

GGME vs. SOXQ - Expense Ratio Comparison

GGME has a 0.60% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

GGME vs. SOXQ - Dividend Comparison

GGME's dividend yield for the trailing twelve months is around 0.12%, less than SOXQ's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGME Invesco Next Gen Media and Gaming ETF	0.12%	0.17%	0.08%	2.31%	0.76%	0.39%	0.38%	0.50%	0.93%	0.33%	0.16%	1.11%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GGME and SOXQ in my portfolio?

GGME and SOXQ have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGME or SOXQ?

SOXQ has higher volatility (13.44%) compared to GGME (5.12%). In terms of maximum drawdown, GGME dropped -69.13% vs SOXQ's -46.01%.

Which ETF is better, GGME or SOXQ?

On 3-year performance, SOXQ leads with 59.40% vs 24.13% for GGME. On fees, SOXQ is cheaper at 0.19% per year. On volatility, GGME has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGME or SOXQ?

Over the 3-year period, SOXQ has performed better with a 59.40% return vs 24.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGME or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.60% for GGME.

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

SOXQ has the higher dividend yield at 0.26%, compared with 0.12% for GGME.

What is the main difference between GGME and SOXQ?

GGME is categorized as Technology Equities, while SOXQ is Semiconductors. GGME tracks STOXX World AC NexGen Media Index - Benchmark TR Gross, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.60% for GGME and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (5.43 vs 0.73), 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.