IDAT vs. SOXX
Compare and contrast key facts about iShares Cloud 5G and Tech ETF (IDAT) and iShares PHLX Semiconductor ETF (SOXX).
IDAT and SOXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDAT is a passively managed fund by iShares that tracks the performance of the Morningstar Global Digital Infrastructure & Connectivity Index. It was launched on Jun 8, 2021. 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 IDAT 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: IDAT or SOXX.
Key characteristics
| IDAT | SOXX | |
|---|---|---|
| YTD Return | 4.27% | 14.01% |
| 1Y Return | 34.61% | 60.93% |
| Sharpe Ratio | 1.80 | 2.14 |
| Daily Std Dev | 19.51% | 28.73% |
| Max Drawdown | -38.40% | -69.65% |
| Current Drawdown | -5.30% | -7.91% |
Correlation
The correlation between IDAT and SOXX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IDAT vs. SOXX - Performance Comparison
In the year-to-date period, IDAT achieves a 4.27% return, which is significantly lower than SOXX's 14.01% 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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IDAT vs. SOXX - Expense Ratio Comparison
IDAT has a 0.47% expense ratio, which is higher than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
IDAT vs. SOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Cloud 5G and Tech ETF (IDAT) 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
IDAT vs. SOXX - Dividend Comparison
IDAT's dividend yield for the trailing twelve months is around 0.65%, less than SOXX's 1.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDAT iShares Cloud 5G and Tech ETF | 0.65% | 0.68% | 0.85% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares PHLX Semiconductor ETF | 1.68% | 2.35% | 3.76% | 1.91% | 2.43% | 3.70% | 4.11% | 2.70% | 3.23% | 3.86% | 4.69% | 3.55% |
Drawdowns
IDAT vs. SOXX - Drawdown Comparison
The maximum IDAT drawdown since its inception was -38.40%, smaller than the maximum SOXX drawdown of -69.65%. Use the drawdown chart below to compare losses from any high point for IDAT and SOXX. For additional features, visit the drawdowns tool.
Volatility
IDAT vs. SOXX - Volatility Comparison
The current volatility for iShares Cloud 5G and Tech ETF (IDAT) is 6.08%, while iShares PHLX Semiconductor ETF (SOXX) has a volatility of 10.25%. This indicates that IDAT 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.