IAI vs. SOXX
Compare and contrast key facts about iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) and iShares PHLX Semiconductor ETF (SOXX).
IAI and SOXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAI is a passively managed fund by iShares that tracks the performance of the DJ US Select / Investment Services. It was launched on May 1, 2006. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both IAI and SOXX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAI or SOXX.
Key characteristics
| IAI | SOXX | |
|---|---|---|
| YTD Return | 33.82% | 21.96% |
| 1Y Return | 57.81% | 47.32% |
| 3Y Return (Ann) | 10.23% | 11.20% |
| 5Y Return (Ann) | 19.12% | 25.56% |
| 10Y Return (Ann) | 15.35% | 24.60% |
| Sharpe Ratio | 3.59 | 1.38 |
| Sortino Ratio | 4.95 | 1.87 |
| Omega Ratio | 1.66 | 1.25 |
| Calmar Ratio | 3.39 | 1.90 |
| Martin Ratio | 27.46 | 4.94 |
| Ulcer Index | 2.12% | 9.60% |
| Daily Std Dev | 16.22% | 34.35% |
| Max Drawdown | -75.33% | -70.21% |
| Current Drawdown | -0.89% | -11.99% |
Correlation
The correlation between IAI and SOXX is 0.63, 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.
Performance
IAI vs. SOXX - Performance Comparison
In the year-to-date period, IAI achieves a 33.82% return, which is significantly higher than SOXX's 21.96% return. Over the past 10 years, IAI has underperformed SOXX with an annualized return of 15.35%, while SOXX has yielded a comparatively higher 24.60% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IAI vs. SOXX - Expense Ratio Comparison
IAI has a 0.41% expense ratio, which is lower than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
IAI vs. SOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) and iShares PHLX 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.
Dividends
IAI vs. SOXX - Dividend Comparison
IAI's dividend yield for the trailing twelve months is around 1.05%, more than SOXX's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.05% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.48% | 1.31% | 1.13% | 1.13% |
SOXX iShares PHLX Semiconductor ETF | 0.63% | 0.78% | 1.25% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% | 1.56% | 1.18% |
Drawdowns
IAI vs. SOXX - Drawdown Comparison
The maximum IAI drawdown since its inception was -75.33%, which is greater than SOXX's maximum drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for IAI and SOXX. For additional features, visit the drawdowns tool.
Volatility
IAI vs. SOXX - Volatility Comparison
The current volatility for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is 8.64%, while iShares PHLX Semiconductor ETF (SOXX) has a volatility of 9.48%. This indicates that IAI experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.