IBDO vs. SOXX
IBDO (iShares iBonds Dec 2023 Term Corporate ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - IBDO is a Corporate Bonds fund tracking the Bloomberg December 2023 Maturity Corporate Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. At a correlation of -0.03, they often move in opposite directions. IBDO charges 0.10%/yr vs 0.34%/yr for SOXX.
Performance
IBDO vs. SOXX - Performance Comparison
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Returns By Period
IBDO
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXX
- 1D
- -4.46%
- 1M
- -10.27%
- 6M
- 57.49%
- YTD
- 76.35%
- 1Y
- 117.02%
- 3Y*
- 45.18%
- 5Y*
- 31.15%
- 10Y*
- 33.24%
IBDO vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 0.00% | 0.00% | 0.00% | 4.93% | -0.68% | -0.29% | 5.37% | 8.94% | -0.49% | 4.45% |
SOXX iShares Semiconductor ETF | 76.35% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between IBDO and SOXX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2015 | -0.03 |
The correlation between IBDO and SOXX shifts across timeframes, from -0.03 (all time) to 0.08 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBDO vs. SOXX — Risk / Return Rank
IBDO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXX
IBDO vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) 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.
| IBDO | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.41 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.19 | — |
| Martin ratioReturn relative to average drawdown | — | 22.06 | — |
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Drawdowns
IBDO vs. SOXX - Drawdown Comparison
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Drawdown Indicators
| IBDO | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -70.21% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -19.01% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.75% | — |
Current DrawdownCurrent decline from peak | — | -19.01% | — |
Average DrawdownAverage peak-to-trough decline | — | -19.92% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.32% | — |
Volatility
IBDO vs. SOXX - Volatility Comparison
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Volatility by Period
| IBDO | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 20.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 36.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 42.42% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 37.83% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 34.30% | — |
IBDO vs. SOXX - Expense Ratio Comparison
IBDO has a 0.10% expense ratio, which is lower than SOXX's 0.34% expense ratio.
Dividends
IBDO vs. SOXX - Dividend Comparison
IBDO has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 0.00% | 0.00% | 0.00% | 3.61% | 1.85% | 2.04% | 2.47% | 3.01% | 3.10% | 2.96% | 3.01% | 2.39% |
SOXX iShares Semiconductor ETF | 0.28% | 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
IBDO and SOXX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBDO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBDO is cheaper with a 0.10% expense ratio, compared with 0.34% for SOXX.
SOXX has the higher dividend yield at 0.28%, compared with 0.00% for IBDO.
IBDO is categorized as Corporate Bonds, while SOXX is Semiconductors. IBDO tracks Bloomberg December 2023 Maturity Corporate Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.10% for IBDO and 0.34% for SOXX.
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