IQSZ vs. SOXQ

Last updated Jun 6, 2026

IQSZ (Invesco Global Equity Net Zero ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - IQSZ is a ESG fund actively managed by Invesco, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. IQSZ is actively managed, while SOXQ is passively managed. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.19% expense ratio.

Performance

IQSZ vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Equity Net Zero ETF (IQSZ) 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, IQSZ achieves a 11.32% return, which is significantly lower than SOXQ's 72.86% return.

IQSZ

• 1D: -2.92%
• 1M: -0.13%
• YTD: 11.32%
• 6M: 12.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXQ

• 1D: -10.19%
• 1M: 6.60%
• YTD: 72.86%
• 6M: 68.02%
• 1Y: 145.08%
• 3Y*: 52.90%
• 5Y*: —
• 10Y*: —

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

IQSZ vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025
IQSZ Invesco Global Equity Net Zero ETF	11.32%	13.36%
SOXQ Invesco PHLX Semiconductor ETF	72.86%	24.73%

Correlation

The correlation between IQSZ and SOXQ is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 17, 2025	0.73

Return for Risk

IQSZ 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: 94
SOXQ Sharpe Ratio Rank: 96
SOXQ Sortino Ratio Rank: 90
SOXQ Omega Ratio Rank: 91
SOXQ Calmar Ratio Rank: 96
SOXQ Martin Ratio Rank: 96

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.

IQSZ vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Equity Net Zero ETF (IQSZ) 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

	IQSZ	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.14	0.88	+1.26

Drawdowns

IQSZ vs. SOXQ - Drawdown Comparison

The maximum IQSZ drawdown since its inception was -9.12%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for IQSZ and SOXQ.

Drawdown Indicators

	IQSZ	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-9.12%	-46.01%	+36.89%
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	-3.05%	-12.13%	+9.08%
Average Drawdown Average peak-to-trough decline	-1.22%	-12.95%	+11.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.13%	—

Volatility

Volatility by Period

	IQSZ	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	35.41%	-21.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.02%	36.66%	-22.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.02%	36.66%	-22.64%

IQSZ vs. SOXQ - Expense Ratio Comparison

Both IQSZ and SOXQ have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IQSZ vs. SOXQ - Dividend Comparison

IQSZ's dividend yield for the trailing twelve months is around 1.32%, more than SOXQ's 0.29% yield.

Position	TTM	2025	2024	2023	2022	2021
IQSZ Invesco Global Equity Net Zero ETF	1.32%	1.03%	0.00%	0.00%	0.00%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.29%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both IQSZ and SOXQ in my portfolio?

IQSZ and SOXQ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IQSZ or SOXQ?

Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IQSZ or SOXQ?

IQSZ and SOXQ have the same expense ratio: 0.19% per year.

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

IQSZ has the higher dividend yield at 1.32%, compared with 0.29% for SOXQ.

What is the main difference between IQSZ and SOXQ?

IQSZ is categorized as ESG, while SOXQ is Semiconductors.