IUS vs. SOXQ

Last updated Jun 4, 2026

IUS (Invesco RAFI Strategic US ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - IUS is a Large Cap Blend Equities fund tracking the Invesco Strategic US Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 3 years, IUS returned 20.93%/yr vs 59.40%/yr for SOXQ. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.19% expense ratio.

Performance

IUS vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco RAFI Strategic US ETF (IUS) 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, IUS achieves a 15.71% return, which is significantly lower than SOXQ's 96.72% return.

IUS

• 1D: -0.07%
• 1M: 4.89%
• YTD: 15.71%
• 6M: 15.69%
• 1Y: 33.27%
• 3Y*: 20.93%
• 5Y*: 13.61%
• 10Y*: —

SOXQ

• 1D: 1.42%
• 1M: 32.12%
• YTD: 96.72%
• 6M: 91.61%
• 1Y: 181.76%
• 3Y*: 59.40%
• 5Y*: —
• 10Y*: —

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

IUS vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IUS Invesco RAFI Strategic US ETF	15.71%	16.94%	16.51%	20.79%	-8.34%	8.53%
SOXQ Invesco PHLX Semiconductor ETF	96.72%	43.11%	20.16%	66.74%	-35.59%	24.82%

Correlation

The correlation between IUS and SOXQ is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021	0.69

The correlation between IUS and SOXQ has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.

IUS vs. SOXQ - Sectors Allocation Comparison

Sectors	IUS	SOXQ
Technology	22.4%	100.0%
Communication Services	14.7%	-
Healthcare	12.8%	-
Energy	10.9%	-
Consumer Cyclical	10.7%	-
Industrials	9.7%	-
Consumer Defensive	7.4%	-
Financial Services	6.8%	0.0%
Basic Materials	3.3%	-
Utilities	1.0%	-
Real Estate	0.5%	-

Return for Risk

IUS vs. SOXQ — Risk / Return Rank

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

IUS

IUS Risk / Return Rank: 91
IUS Sharpe Ratio Rank: 91
IUS Sortino Ratio Rank: 92
IUS Omega Ratio Rank: 90
IUS Calmar Ratio Rank: 89
IUS Martin Ratio Rank: 92

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
SOXQ Omega Ratio Rank: 95
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.

IUS vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI Strategic US ETF (IUS) 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.

	IUS	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	3.26	5.43	-2.17
Sortino ratio: Return per unit of downside risk	4.53	5.22	-0.69
Omega ratio: Gain probability vs. loss probability	1.60	1.72	-0.13
Calmar ratio: Return relative to maximum drawdown	5.44	11.73	-6.30
Martin ratio: Return relative to average drawdown	23.27	45.01	-21.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUS vs. SOXQ - Sharpe Ratio Comparison

The current IUS Sharpe Ratio is 3.26, which is lower than the SOXQ Sharpe Ratio of 5.43. The chart below compares the historical Sharpe Ratios of IUS and SOXQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IUS	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.26	5.43	-2.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.98	-0.13

Drawdowns

IUS vs. SOXQ - Drawdown Comparison

The maximum IUS drawdown since its inception was -34.67%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for IUS and SOXQ.

Drawdown Indicators

	IUS	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-34.67%	-46.01%	+11.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.15%	-15.59%	+9.44%
Max Drawdown (3Y) Largest decline over 3 years	-15.61%	-39.36%	+23.75%
Max Drawdown (5Y) Largest decline over 5 years	-18.72%	—	—
Current Drawdown Current decline from peak	-0.07%	0.00%	-0.07%
Average Drawdown Average peak-to-trough decline	-3.86%	-12.96%	+9.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	4.06%	-2.63%

Volatility

IUS vs. SOXQ - Volatility Comparison

The current volatility for Invesco RAFI Strategic US ETF (IUS) is 2.50%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 13.44%. This indicates that IUS 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.

Volatility by Period

	IUS	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.50%	13.44%	-10.94%
Volatility (6M) Calculated over the trailing 6-month period	7.41%	26.70%	-19.29%
Volatility (1Y) Calculated over the trailing 1-year period	10.26%	33.78%	-23.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.00%	36.38%	-21.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	36.38%	-18.34%

IUS vs. SOXQ - Expense Ratio Comparison

Both IUS 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

IUS vs. SOXQ - Dividend Comparison

IUS's dividend yield for the trailing twelve months is around 1.28%, more than SOXQ's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IUS Invesco RAFI Strategic US ETF	1.28%	1.48%	1.52%	1.72%	1.78%	1.46%	1.74%	1.77%	0.73%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IUS and SOXQ in my portfolio?

IUS and SOXQ have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IUS or SOXQ?

SOXQ has higher volatility (13.44%) compared to IUS (2.50%). In terms of maximum drawdown, IUS dropped -34.67% vs SOXQ's -46.01%.

Which ETF is better, IUS or SOXQ?

On 3-year performance, SOXQ leads with 59.40% vs 20.93% for IUS. Both ETFs have the same 0.19% expense ratio. On volatility, IUS has been the lower-risk option at 2.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IUS or SOXQ?

Over the 3-year period, SOXQ has performed better with a 59.40% return vs 20.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IUS or SOXQ?

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

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

IUS has the higher dividend yield at 1.28%, compared with 0.26% for SOXQ.

What is the main difference between IUS and SOXQ?

IUS is categorized as Large Cap Blend Equities, while SOXQ is Semiconductors. IUS tracks Invesco Strategic US Index, while SOXQ tracks PHLX Semiconductor Sector Index.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (5.43 vs 3.26), 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.