INTM vs. SOXQ

Last updated Jun 5, 2026

INTM (Invesco Intermediate Municipal ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - INTM is a Municipal Bonds fund actively managed by Invesco, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. INTM is actively managed, while SOXQ is passively managed. At a 0.02 correlation, their price movements are largely independent. INTM charges 0.35%/yr vs 0.19%/yr for SOXQ.

Performance

INTM vs. SOXQ - Performance Comparison

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

Returns By Period

In the year-to-date period, INTM achieves a 1.82% return, which is significantly lower than SOXQ's 92.48% return.

INTM

• 1D: 0.08%
• 1M: 0.72%
• YTD: 1.82%
• 6M: 2.27%
• 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)

INTM vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025
INTM Invesco Intermediate Municipal ETF	1.82%	4.72%
SOXQ Invesco PHLX Semiconductor ETF	92.48%	25.97%

Correlation

The correlation between INTM and SOXQ is 0.02, 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 (All Time) Calculated using the full available price history since Jul 24, 2025	0.02

Return for Risk

INTM 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.

INTM vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Intermediate Municipal ETF (INTM) 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

	INTM	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	3.05	0.96	+2.08

Drawdowns

INTM vs. SOXQ - Drawdown Comparison

The maximum INTM drawdown since its inception was -2.65%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for INTM and SOXQ.

Drawdown Indicators

	INTM	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-2.65%	-46.01%	+43.36%
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	-0.54%	-2.15%	+1.61%
Average Drawdown Average peak-to-trough decline	-0.48%	-12.95%	+12.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.06%	—

Volatility

Volatility by Period

	INTM	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	2.53%	33.80%	-31.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.53%	36.38%	-33.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.53%	36.38%	-33.85%

INTM vs. SOXQ - Expense Ratio Comparison

INTM has a 0.35% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

INTM vs. SOXQ - Dividend Comparison

INTM's dividend yield for the trailing twelve months is around 2.62%, more than SOXQ's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021
INTM Invesco Intermediate Municipal ETF	2.62%	1.15%	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 INTM and SOXQ in my portfolio?

INTM and SOXQ have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INTM 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, INTM or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.35% for INTM.

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

INTM has the higher dividend yield at 2.62%, compared with 0.26% for SOXQ.

What is the main difference between INTM and SOXQ?

INTM is categorized as Municipal Bonds, while SOXQ is Semiconductors. Their fees differ too: 0.35% for INTM and 0.19% for SOXQ.