IYLD vs. SOXX
IYLD (iShares Morningstar Multi-Asset Income ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - IYLD is a Diversified Portfolio fund tracking the Morningstar Multi-Asset High Income Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, IYLD returned 4.12%/yr vs 37.13%/yr for SOXX. At a 0.48 correlation, their price movements are largely independent. IYLD charges 0.60%/yr vs 0.34%/yr for SOXX.
Performance
IYLD vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, IYLD achieves a 4.72% return, which is significantly lower than SOXX's 107.83% return. Over the past 10 years, IYLD has underperformed SOXX with an annualized return of 4.12%, while SOXX has yielded a comparatively higher 37.13% annualized return.
IYLD
- 1D
- -0.04%
- 1M
- -0.33%
- YTD
- 4.72%
- 6M
- 4.52%
- 1Y
- 12.68%
- 3Y*
- 10.29%
- 5Y*
- 3.29%
- 10Y*
- 4.12%
SOXX
- 1D
- 3.94%
- 1M
- 9.72%
- YTD
- 107.83%
- 6M
- 104.44%
- 1Y
- 164.79%
- 3Y*
- 57.87%
- 5Y*
- 34.72%
- 10Y*
- 37.13%
IYLD vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 4.72% | 15.44% | 2.00% | 12.55% | -16.80% | 3.37% | -1.18% | 15.82% | -4.77% | 10.90% |
SOXX iShares Semiconductor ETF | 107.83% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between IYLD and SOXX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2012 | 0.48 |
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Return for Risk
IYLD vs. SOXX — Risk / Return Rank
IYLD
SOXX
IYLD vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Multi-Asset Income ETF (IYLD) 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.
| IYLD | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.59 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 10.52 | -7.77 |
| Martin ratioReturn relative to average drawdown | 10.57 | 37.47 | -26.90 |
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Drawdowns
IYLD vs. SOXX - Drawdown Comparison
The maximum IYLD drawdown since its inception was -30.23%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for IYLD and SOXX.
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Drawdown Indicators
| IYLD | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.23% | -70.21% | +39.98% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | -15.77% | +11.14% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -41.36% | +36.16% |
Max Drawdown (5Y)Largest decline over 5 years | -22.57% | -45.75% | +23.18% |
Max Drawdown (10Y)Largest decline over 10 years | -30.23% | -45.75% | +15.52% |
Current DrawdownCurrent decline from peak | -0.77% | -4.55% | +3.78% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -19.93% | +15.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 4.42% | -3.22% |
Volatility
IYLD vs. SOXX - Volatility Comparison
The current volatility for iShares Morningstar Multi-Asset Income ETF (IYLD) is 1.43%, while iShares Semiconductor ETF (SOXX) has a volatility of 22.27%. This indicates that IYLD 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
| IYLD | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 22.27% | -20.84% |
Volatility (6M)Calculated over the trailing 6-month period | 4.76% | 33.54% | -28.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 39.44% | -33.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 37.24% | -29.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.56% | 34.00% | -24.44% |
IYLD vs. SOXX - Expense Ratio Comparison
IYLD has a 0.60% expense ratio, which is higher than SOXX's 0.34% expense ratio.
Dividends
IYLD vs. SOXX - Dividend Comparison
IYLD's dividend yield for the trailing twelve months is around 4.62%, more than SOXX's 0.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 4.62% | 4.72% | 5.32% | 5.76% | 5.45% | 3.47% | 4.38% | 5.25% | 5.78% | 4.22% | 4.84% | 5.26% |
SOXX iShares Semiconductor ETF | 0.23% | 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
IYLD and SOXX 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.
SOXX has higher volatility (22.27%) compared to IYLD (1.43%). In terms of maximum drawdown, IYLD dropped -30.23% vs SOXX's -70.21%.
On 10-year performance, SOXX leads with 37.13% vs 4.12% for IYLD. On fees, SOXX is cheaper at 0.34% per year. On volatility, IYLD has been the lower-risk option at 1.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOXX has performed better with a 37.13% return vs 4.12%. 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 0.60% for IYLD.
IYLD has the higher dividend yield at 4.62%, compared with 0.23% for SOXX.
IYLD is categorized as Diversified Portfolio, while SOXX is Semiconductors. IYLD tracks Morningstar Multi-Asset High Income Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.60% for IYLD and 0.34% for SOXX.
SOXX currently has the higher Sharpe Ratio (4.20 vs 2.20), 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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