IFLN vs. SOXQ
IFLN (Invesco Bloomberg Enhanced Fallen Angels ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - IFLN is a High Yield Bonds fund tracking the Bloomberg US High Yield Enhanced Fallen Angels Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 3 years, IFLN returned 7.32%/yr vs 59.40%/yr for SOXQ. A 0.52 correlation means they provide meaningful diversification when combined. IFLN charges 0.23%/yr vs 0.19%/yr for SOXQ.
Performance
IFLN vs. SOXQ - Performance Comparison
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Returns By Period
In the year-to-date period, IFLN achieves a 0.57% return, which is significantly lower than SOXQ's 96.72% return.
IFLN
- 1D
- -0.25%
- 1M
- 0.55%
- YTD
- 0.57%
- 6M
- 0.84%
- 1Y
- 5.87%
- 3Y*
- 7.32%
- 5Y*
- 3.59%
- 10Y*
- 4.60%
SOXQ
- 1D
- 1.42%
- 1M
- 32.12%
- YTD
- 96.72%
- 6M
- 91.61%
- 1Y
- 181.76%
- 3Y*
- 59.40%
- 5Y*
- —
- 10Y*
- —
IFLN vs. SOXQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 0.57% | 8.75% | 5.54% | 11.19% | -8.77% | 1.31% |
SOXQ Invesco PHLX Semiconductor ETF | 96.72% | 43.11% | 20.16% | 66.74% | -35.59% | 24.82% |
Correlation
The correlation between IFLN and SOXQ 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 (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021 | 0.52 |
The correlation between IFLN and SOXQ has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
IFLN vs. SOXQ — Risk / Return Rank
IFLN
SOXQ
IFLN vs. SOXQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) and Invesco PHLX Semiconductor ETF (SOXQ). 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.
| IFLN | SOXQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 5.43 | -3.91 |
Sortino ratioReturn per unit of downside risk | 2.20 | 5.22 | -3.01 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.72 | -0.44 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 11.73 | -10.29 |
Martin ratioReturn relative to average drawdown | 5.93 | 45.01 | -39.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IFLN | SOXQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 5.43 | -3.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.98 | -0.69 |
Drawdowns
IFLN vs. SOXQ - Drawdown Comparison
The maximum IFLN drawdown since its inception was -44.79%, roughly equal to the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for IFLN and SOXQ.
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Drawdown Indicators
| IFLN | SOXQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.79% | -46.01% | +1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -15.59% | +11.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | -39.36% | +35.28% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.52% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | 0.00% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -12.96% | +8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 4.06% | -3.07% |
Volatility
IFLN vs. SOXQ - Volatility Comparison
The current volatility for Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) is 1.26%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 13.44%. This indicates that IFLN experiences smaller price fluctuations and is considered to be less risky than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFLN | SOXQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 13.44% | -12.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 26.70% | -23.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 33.78% | -29.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 36.38% | -30.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.89% | 36.38% | -29.49% |
IFLN vs. SOXQ - Expense Ratio Comparison
IFLN has a 0.23% expense ratio, which is higher than SOXQ's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IFLN vs. SOXQ - Dividend Comparison
IFLN's dividend yield for the trailing twelve months is around 5.82%, more than SOXQ's 0.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 5.82% | 5.48% | 5.69% | 4.68% | 3.52% | 3.37% | 3.90% | 4.03% | 4.44% | 4.14% | 4.58% | 4.69% |
SOXQ Invesco PHLX Semiconductor ETF | 0.26% | 0.50% | 0.68% | 0.87% | 1.36% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IFLN and SOXQ 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.
SOXQ has higher volatility (13.44%) compared to IFLN (1.26%). In terms of maximum drawdown, IFLN dropped -44.79% vs SOXQ's -46.01%.
On 3-year performance, SOXQ leads with 59.40% vs 7.32% for IFLN. On fees, SOXQ is cheaper at 0.19% per year. On volatility, IFLN has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SOXQ has performed better with a 59.40% return vs 7.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXQ is cheaper with a 0.19% expense ratio, compared with 0.23% for IFLN.
IFLN has the higher dividend yield at 5.82%, compared with 0.26% for SOXQ.
IFLN is categorized as High Yield Bonds, while SOXQ is Semiconductors. IFLN tracks Bloomberg US High Yield Enhanced Fallen Angels Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.23% for IFLN and 0.19% for SOXQ.
SOXQ currently has the higher Sharpe Ratio (5.43 vs 1.51), 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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