IMTG vs. SOXQ

Last updated Jun 5, 2026

IMTG (Invesco Agency MBS ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - IMTG is a Mortgage Backed Securities fund actively managed by Invesco, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. IMTG is actively managed, while SOXQ is passively managed. At a 0.48 correlation, their price movements are largely independent. IMTG charges 0.22%/yr vs 0.19%/yr for SOXQ.

Performance

IMTG vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Agency MBS ETF (IMTG) and Invesco PHLX Semiconductor ETF (SOXQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IMTG

• 1D: 0.05%
• 1M: 0.19%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXQ

• 1D: -2.15%
• 1M: 24.08%
• YTD: 92.48%
• 6M: 89.00%
• 1Y: 171.59%
• 3Y*: 59.09%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IMTG vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)
IMTG Invesco Agency MBS ETF	-1.06%
SOXQ Invesco PHLX Semiconductor ETF	60.99%

Correlation

The correlation between IMTG and SOXQ is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026	0.48

Return for Risk

IMTG vs. SOXQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
SOXQ Omega Ratio Rank: 94
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IMTG vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Agency MBS ETF (IMTG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IMTG	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.82	0.96	-1.78

Drawdowns

IMTG vs. SOXQ - Drawdown Comparison

The maximum IMTG drawdown since its inception was -2.85%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for IMTG and SOXQ.

Drawdown Indicators

	IMTG	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-2.85%	-46.01%	+43.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.59%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-39.36%	—
Current Drawdown Current decline from peak	-1.45%	-2.15%	+0.70%
Average Drawdown Average peak-to-trough decline	-1.41%	-12.95%	+11.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.06%	—

Volatility

Volatility by Period

	IMTG	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.71%	33.80%	-29.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.71%	36.38%	-31.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.71%	36.38%	-31.67%

IMTG vs. SOXQ - Expense Ratio Comparison

IMTG has a 0.22% 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

IMTG vs. SOXQ - Dividend Comparison

IMTG's dividend yield for the trailing twelve months is around 0.85%, more than SOXQ's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021
IMTG Invesco Agency MBS ETF	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both IMTG and SOXQ in my portfolio?

IMTG and SOXQ have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IMTG or SOXQ?

On fees, SOXQ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IMTG or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.22% for IMTG.

Which ETF pays a higher dividend yield, IMTG or SOXQ?

IMTG has the higher dividend yield at 0.85%, compared with 0.26% for SOXQ.

What is the main difference between IMTG and SOXQ?

IMTG is categorized as Mortgage Backed Securities, while SOXQ is Semiconductors. Their fees differ too: 0.22% for IMTG and 0.19% for SOXQ.