KBWB vs. SOXQ

Last updated Aug 2, 2026

KBWB (Invesco KBW Bank ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - KBWB is a Financials Equities fund tracking the KBW Nasdaq Bank Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 5 years, KBWB returned 11.96%/yr vs 28.65%/yr for SOXQ. Their 0.45 correlation means their historical movements had little consistent relationship. KBWB charges 0.35%/yr vs 0.19%/yr for SOXQ.

Performance

KBWB vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco KBW Bank ETF (KBWB) 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, KBWB achieves a 15.29% return, which is significantly lower than SOXQ's 59.97% return.

KBWB

• 1D: 0.20%
• 1M: 1.73%
• 6M: 12.74%
• YTD: 15.29%
• 1Y: 36.87%
• 3Y*: 31.95%
• 5Y*: 11.96%
• 10Y*: 13.69%
• ALL TIME*: 13.87%

SOXQ

• 1D: 0.15%
• 1M: -10.31%
• 6M: 41.59%
• YTD: 59.97%
• 1Y: 105.49%
• 3Y*: 44.02%
• 5Y*: 28.65%
• 10Y*: —
• ALL TIME*: 29.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KBWB Invesco KBW Bank ETF	$147.63M	$184.17M	$155.76M
SOXQ Invesco PHLX Semiconductor ETF	$219.33M	$233.61M	$278.30M

KBWB vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
KBWB Invesco KBW Bank ETF	15.29%	32.05%	36.73%	-1.18%	-21.68%	4.01%
SOXQ Invesco PHLX Semiconductor ETF	59.97%	43.11%	20.16%	66.74%	-35.59%	25.19%

Correlation

The correlation between KBWB and SOXQ is 0.34, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.34
Correlation (3Y) Balances recent behavior with more history.	0.37
Correlation (5Y) Shows whether the relationship held over a longer period.	0.46
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.45

The correlation between KBWB and SOXQ shifts across timeframes, from 0.34 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

KBWB vs. SOXQ - Sectors Allocation Comparison

Sectors	KBWB	SOXQ
Financial Services	100.0%	0.1%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	99.9%
Utilities	-	-

Return for Risk

KBWB vs. SOXQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KBWB

KBWB Risk / Return Rank: 65
KBWB Sharpe Ratio Rank: 73
KBWB Sortino Ratio Rank: 67
KBWB Omega Ratio Rank: 69
KBWB Calmar Ratio Rank: 59
KBWB Martin Ratio Rank: 55

SOXQ

SOXQ Risk / Return Rank: 88
SOXQ Sharpe Ratio Rank: 92
SOXQ Sortino Ratio Rank: 83
SOXQ Omega Ratio Rank: 85
SOXQ Calmar Ratio Rank: 89
SOXQ Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KBWB vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Bank ETF (KBWB) 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.

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.

	KBWB	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.37	-0.73
Sortino ratio: Return per unit of downside risk	2.20	2.71	-0.50
Omega ratio: Gain probability vs. loss probability	1.29	1.36	-0.07
Calmar ratio: Return relative to maximum drawdown	2.06	3.61	-1.54
Martin ratio: Return relative to average drawdown	6.52	15.05	-8.53

KBWB vs. SOXQ - Sharpe Ratio Comparison

The current KBWB Sharpe Ratio is 1.64, which is lower than the SOXQ Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of KBWB 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.

Drawdowns

KBWB vs. SOXQ - Drawdown Comparison

The maximum KBWB drawdown since its inception was -50.27%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for KBWB and SOXQ.

Drawdown Indicators

	KBWB	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-50.27%	-46.01%	-4.26%
Max Drawdown (1Y) Largest decline over 1 year	-16.38%	-28.56%	+12.18%
Max Drawdown (3Y) Largest decline over 3 years	-25.43%	-39.36%	+13.93%
Max Drawdown (5Y) Largest decline over 5 years	-49.31%	-46.01%	-3.30%
Max Drawdown (10Y) Largest decline over 10 years	-50.27%	—	—
Current Drawdown Current decline from peak	-2.41%	-22.64%	+20.23%
Average Drawdown Average peak-to-trough decline	-11.62%	-12.92%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.18%	6.83%	-1.65%

Volatility

KBWB vs. SOXQ - Volatility Comparison

The current volatility for Invesco KBW Bank ETF (KBWB) is 5.81%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 17.19%. This indicates that KBWB 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

	KBWB	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	17.19%	-11.38%
Volatility (6M) Calculated over the trailing 6-month period	15.94%	37.70%	-21.76%
Volatility (1Y) Calculated over the trailing 1-year period	20.60%	43.52%	-22.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.39%	38.28%	-11.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.06%	37.93%	-8.87%

KBWB vs. SOXQ - Expense Ratio Comparison

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

Dividends

KBWB vs. SOXQ - Dividend Comparison

KBWB's dividend yield for the trailing twelve months is around 1.93%, more than SOXQ's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBWB Invesco KBW Bank ETF	1.93%	2.04%	2.46%	3.20%	3.05%	2.13%	2.62%	2.38%	2.54%	1.35%	1.53%	1.53%
SOXQ Invesco PHLX Semiconductor ETF	0.32%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KBWB and SOXQ in my portfolio?

KBWB and SOXQ have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KBWB or SOXQ?

SOXQ has higher volatility (17.19%) compared to KBWB (5.81%). In terms of maximum drawdown, KBWB dropped -50.27% vs SOXQ's -46.01%.

Which ETF is better, KBWB or SOXQ?

On 5-year performance, SOXQ leads with 28.65% vs 11.96% for KBWB. On fees, SOXQ is cheaper at 0.19% per year. On volatility, KBWB has been the lower-risk option at 5.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KBWB or SOXQ?

Over the 5-year period, SOXQ has performed better with a 28.65% return vs 11.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KBWB or SOXQ?

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

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

KBWB has the higher dividend yield at 1.93%, compared with 0.32% for SOXQ.

What is the main difference between KBWB and SOXQ?

KBWB is categorized as Financials Equities, while SOXQ is Semiconductors. KBWB tracks KBW Nasdaq Bank Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.35% for KBWB and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (2.37 vs 1.64), 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.