PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IAT vs. SOXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAT vs. SOXX

Last updated Aug 4, 2026
Documentation

IAT (iShares U.S. Regional Banks ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - IAT is a Financials Equities fund tracking the Dow Jones U.S. Select Regional Banks Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, IAT returned 9.38%/yr vs 31.96%/yr for SOXX. Their 0.50 correlation means they have sometimes moved together and sometimes differently. IAT charges 0.42%/yr vs 0.34%/yr for SOXX.

Performance

IAT vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Regional Banks ETF (IAT) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IAT achieves a 17.93% return, which is significantly lower than SOXX's 68.76% return. Over the past 10 years, IAT has underperformed SOXX with an annualized return of 9.38%, while SOXX has yielded a comparatively higher 31.96% annualized return.

IAT

1D
1.19%
1M
2.49%
6M
9.97%
YTD
17.93%
1Y
34.96%
3Y*
22.54%
5Y*
6.16%
10Y*
9.38%
ALL TIME*
3.84%

SOXX

1D
0.55%
1M
-10.35%
6M
44.10%
YTD
68.76%
1Y
114.99%
3Y*
44.68%
5Y*
27.63%
10Y*
31.96%
ALL TIME*
13.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IAT

iShares U.S. Regional Banks ETF
$7.95M$9.88M$9.64M

SOXX

iShares Semiconductor ETF
$6.22B$5.65B$5.89B

IAT vs. SOXX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAT
iShares U.S. Regional Banks ETF		17.93%13.05%24.36%-8.53%-20.61%38.89%-7.60%31.38%-17.45%10.42%
SOXX
iShares Semiconductor ETF		68.76%40.74%12.92%67.12%-35.09%44.09%52.72%62.42%-6.49%39.79%

Correlation

The correlation between IAT and SOXX is 0.19, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.19

Correlation (3Y)
Balances recent behavior with more history.

0.31

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.42

Correlation (10Y)
Provides a long-term view across more market conditions.

0.41

Correlation (All Time)
Calculated using the full available price history since May 5, 2006

0.50

Over the past year, the correlation between IAT and SOXX has dropped to 0.19 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

IAT vs. SOXX - Sectors Allocation Comparison

Sectors
IAT
SOXX

Financial Services

100.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

100.0%

Utilities

-

-

Financial Services

IAT
100.0%
SOXX

-

Basic Materials

IAT

-

SOXX

-

Communication Services

IAT

-

SOXX

-

Consumer Cyclical

IAT

-

SOXX

-

Consumer Defensive

IAT

-

SOXX

-

Energy

IAT

-

SOXX

-

Healthcare

IAT

-

SOXX

-

Industrials

IAT

-

SOXX

-

Real Estate

IAT

-

SOXX

-

Technology

IAT

-

SOXX
100.0%

Utilities

IAT

-

SOXX

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Regional Banks ETF

iShares Semiconductor ETF

Often compared with IAT:
IAT vs. KREIAT vs. KCEIAT vs. MTBIAT vs. PKWIAT vs. XLFIAT vs. JPMIAT vs. SPY
Often compared with SOXX:
SOXX vs. SMHSOXX vs. QQQSOXX vs. SOXLSOXX vs. SOXQSOXX vs. FSELXSOXX vs. VGTSOXX vs. VOO

Return for Risk

IAT vs. SOXX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IAT
IAT Risk / Return Rank: 5959
Overall Rank
IAT Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IAT Sortino Ratio Rank: 6262
Sortino Ratio Rank
IAT Omega Ratio Rank: 6565
Omega Ratio Rank
IAT Calmar Ratio Rank: 5454
Calmar Ratio Rank
IAT Martin Ratio Rank: 4545
Martin Ratio Rank
SOXX
SOXX Risk / Return Rank: 9090
Overall Rank
SOXX Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
SOXX Sortino Ratio Rank: 8585
Sortino Ratio Rank
SOXX Omega Ratio Rank: 8787
Omega Ratio Rank
SOXX Calmar Ratio Rank: 9191
Calmar Ratio Rank
SOXX Martin Ratio Rank: 9292
Martin Ratio Rank
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.

IAT vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) 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.

IATSOXXDifference
Sharpe ratioReturn per unit of total volatility
1.61
2.61

-1.00

Sortino ratioReturn per unit of downside risk
2.17
2.89

-0.72

Omega ratioGain probability vs. loss probability

1.29

1.39

-0.10

Calmar ratioReturn relative to maximum drawdown

2.01

3.99

-1.98

Martin ratioReturn relative to average drawdown

5.18

16.43

-11.25

IAT vs. SOXX - Sharpe Ratio Comparison

The current IAT Sharpe Ratio is 1.61, which is lower than the SOXX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of IAT and SOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

IAT vs. SOXX - Drawdown Comparison

The maximum IAT drawdown since its inception was -77.22%, which is greater than SOXX's maximum drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for IAT and SOXX.

Loading charts...

Drawdown Indicators

IATSOXXDifference

Max Drawdown

Largest peak-to-trough decline

-77.22%

-70.21%

-7.01%

Max Drawdown (1Y)

Largest decline over 1 year

-17.49%

-29.01%

+11.52%

Max Drawdown (3Y)

Largest decline over 3 years

-29.29%

-41.36%

+12.07%

Max Drawdown (5Y)

Largest decline over 5 years

-55.55%

-45.75%

-9.80%

Max Drawdown (10Y)

Largest decline over 10 years

-55.55%

-45.75%

-9.80%

Current Drawdown

Current decline from peak

-1.37%

-22.49%

+21.12%

Average Drawdown

Average peak-to-trough decline

-26.77%

-19.92%

-6.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.77%

7.02%

-0.25%

Volatility

IAT vs. SOXX - Volatility Comparison

The current volatility for iShares U.S. Regional Banks ETF (IAT) is 5.50%, while iShares Semiconductor ETF (SOXX) has a volatility of 17.11%. This indicates that IAT 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.

Loading charts...

Volatility by Period

IATSOXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.50%

17.11%

-11.61%

Volatility (6M)

Calculated over the trailing 6-month period

16.05%

38.66%

-22.61%

Volatility (1Y)

Calculated over the trailing 1-year period

21.84%

44.40%

-22.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.76%

38.25%

-9.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.68%

34.55%

-3.87%

IAT vs. SOXX - Expense Ratio Comparison

IAT has a 0.42% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

IAT vs. SOXX - Dividend Comparison

IAT's dividend yield for the trailing twelve months is around 2.51%, more than SOXX's 0.29% yield.

PositionTTM20252024202320222021202020192018201720162015
IAT
iShares U.S. Regional Banks ETF		2.51%2.94%2.95%3.56%3.12%1.88%2.87%2.49%2.48%1.55%1.52%1.78%
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

IAT and SOXX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SOXX has higher volatility (17.11%) compared to IAT (5.50%). In terms of maximum drawdown, IAT dropped -77.22% vs SOXX's -70.21%.

On 10-year performance, SOXX leads with 31.96% vs 9.38% for IAT. On fees, SOXX is cheaper at 0.34% per year. On volatility, IAT has been the lower-risk option at 5.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SOXX has performed better with a 31.96% return vs 9.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SOXX is cheaper with a 0.34% expense ratio, compared with 0.42% for IAT.

IAT has the higher dividend yield at 2.51%, compared with 0.29% for SOXX.

IAT is categorized as Financials Equities, while SOXX is Semiconductors. IAT tracks Dow Jones U.S. Select Regional Banks Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.42% for IAT and 0.34% for SOXX.

SOXX currently has the higher Sharpe Ratio (2.61 vs 1.61), 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.

Portfolio Optimizer

Find the right allocation for IAT and SOXX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer