IVVM vs. SOXX
IVVM (iShares Large Cap Moderate Buffer ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - IVVM is a Options Trading fund actively managed by iShares, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. IVVM is actively managed, while SOXX is passively managed. Over the past 3 years, IVVM returned 13.47%/yr vs 42.35%/yr for SOXX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. IVVM charges 0.50%/yr vs 0.34%/yr for SOXX.
Performance
IVVM vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, IVVM achieves a 6.70% return, which is significantly lower than SOXX's 67.84% return.
IVVM
- 1D
- 0.57%
- 1M
- 0.51%
- 6M
- 5.79%
- YTD
- 6.70%
- 1Y
- 14.40%
- 3Y*
- 13.47%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.75%
SOXX
- 1D
- 0.07%
- 1M
- -10.85%
- 6M
- 45.95%
- YTD
- 67.84%
- 1Y
- 113.81%
- 3Y*
- 42.35%
- 5Y*
- 28.10%
- 10Y*
- 32.19%
- ALL TIME*
- 13.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $740.71K | $781.13K | $703.06K | |
| $6.04B | $5.84B | $5.80B |
IVVM vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVVM iShares Large Cap Moderate Buffer ETF | 6.70% | 14.24% | 16.08% | 5.17% |
SOXX iShares Semiconductor ETF | 67.84% | 40.74% | 12.92% | 15.96% |
Correlation
The correlation between IVVM and SOXX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.71 |
The correlation between IVVM and SOXX has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.
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Return for Risk
IVVM vs. SOXX — Risk / Return Rank
IVVM
SOXX
IVVM vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Moderate Buffer ETF (IVVM) and iShares Semiconductor ETF (SOXX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IVVM | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.38 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.86 | -1.37 |
| Martin ratioReturn relative to average drawdown | 12.04 | 16.24 | -4.20 |
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Drawdowns
IVVM vs. SOXX - Drawdown Comparison
The maximum IVVM drawdown since its inception was -11.62%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for IVVM and SOXX.
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Drawdown Indicators
| IVVM | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.62% | -70.21% | +58.59% |
Max Drawdown (1Y)Largest decline over 1 year | -5.31% | -29.01% | +23.70% |
Max Drawdown (3Y)Largest decline over 3 years | -11.62% | -41.36% | +29.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.75% | — |
Current DrawdownCurrent decline from peak | -0.40% | -22.92% | +22.52% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -19.92% | +19.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 6.88% | -5.78% |
Volatility
IVVM vs. SOXX - Volatility Comparison
The current volatility for iShares Large Cap Moderate Buffer ETF (IVVM) is 2.14%, while iShares Semiconductor ETF (SOXX) has a volatility of 17.83%. This indicates that IVVM experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVVM | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 17.83% | -15.69% |
Volatility (6M)Calculated over the trailing 6-month period | 5.77% | 38.92% | -33.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 44.48% | -37.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.50% | 38.24% | -28.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.50% | 34.54% | -25.04% |
IVVM vs. SOXX - Expense Ratio Comparison
IVVM has a 0.50% expense ratio, which is higher than SOXX's 0.34% expense ratio.
Dividends
IVVM vs. SOXX - Dividend Comparison
IVVM's dividend yield for the trailing twelve months is around 0.64%, more than SOXX's 0.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVVM iShares Large Cap Moderate Buffer ETF | 0.64% | 0.68% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares Semiconductor ETF | 0.29% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
IVVM and SOXX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (17.83%) compared to IVVM (2.14%). In terms of maximum drawdown, IVVM dropped -11.62% vs SOXX's -70.21%.
On 3-year performance, SOXX leads with 42.35% vs 13.47% for IVVM. On fees, SOXX is cheaper at 0.34% per year. On volatility, IVVM has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SOXX has performed better with a 42.35% return vs 13.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXX is cheaper with a 0.34% expense ratio, compared with 0.50% for IVVM.
IVVM has the higher dividend yield at 0.64%, compared with 0.29% for SOXX.
IVVM is categorized as Options Trading, while SOXX is Semiconductors. Their fees differ too: 0.50% for IVVM and 0.34% for SOXX.
SOXX currently has the higher Sharpe Ratio (2.53 vs 1.78), 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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