IBIT vs. SOXX
IBIT (iShares Bitcoin Trust ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past year, IBIT returned -43.61% vs 157.04% for SOXX. At a 0.37 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.34%/yr for SOXX.
Performance
IBIT vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -31.78% return, which is significantly lower than SOXX's 99.95% return.
IBIT
- 1D
- -4.08%
- 1M
- -21.16%
- YTD
- -31.78%
- 6M
- -31.52%
- 1Y
- -43.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXX
- 1D
- -0.31%
- 1M
- 12.00%
- YTD
- 99.95%
- 6M
- 96.69%
- 1Y
- 157.04%
- 3Y*
- 56.02%
- 5Y*
- 33.68%
- 10Y*
- 36.04%
IBIT vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -31.78% | -6.41% | 89.87% |
SOXX iShares Semiconductor ETF | 99.95% | 40.74% | 16.63% |
Correlation
The correlation between IBIT and SOXX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.37 |
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Return for Risk
IBIT vs. SOXX — Risk / Return Rank
IBIT
SOXX
IBIT vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.01 | ||
| Sortino ratioReturn per unit of downside risk | -5.43 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.57 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 10.02 | -10.86 |
| Martin ratioReturn relative to average drawdown | -1.42 | 35.78 | -37.20 |
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Drawdowns
IBIT vs. SOXX - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.49%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for IBIT and SOXX.
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Drawdown Indicators
| IBIT | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.49% | -70.21% | +17.72% |
Max Drawdown (1Y)Largest decline over 1 year | -52.49% | -15.77% | -36.72% |
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 | -52.49% | -8.17% | -44.32% |
Average DrawdownAverage peak-to-trough decline | -16.91% | -19.94% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.76% | 4.41% | +26.35% |
Volatility
IBIT vs. SOXX - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 13.48%, while iShares Semiconductor ETF (SOXX) has a volatility of 22.70%. This indicates that IBIT 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.
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Volatility by Period
| IBIT | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.48% | 22.70% | -9.22% |
Volatility (6M)Calculated over the trailing 6-month period | 34.60% | 33.39% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.48% | 39.43% | +5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.25% | 37.20% | +13.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.25% | 33.99% | +16.26% |
IBIT vs. SOXX - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than SOXX's 0.34% expense ratio.
Dividends
IBIT vs. SOXX - Dividend Comparison
IBIT has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares Semiconductor ETF | 0.24% | 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
IBIT and SOXX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (22.70%) compared to IBIT (13.48%). In terms of maximum drawdown, IBIT dropped -52.49% vs SOXX's -70.21%.
On 1-year performance, SOXX leads with 157.04% vs -43.61% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 13.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SOXX has performed better with a 157.04% return vs -43.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.34% for SOXX.
SOXX has the higher dividend yield at 0.24%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while SOXX is Semiconductors. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.25% for IBIT and 0.34% for SOXX.
SOXX currently has the higher Sharpe Ratio (4.02 vs -0.98), 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.
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