OPRA vs. SOXX
OPRA (Opera Limited) is a stock, while SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index. Over the past 5 years, OPRA returned 21.31%/yr vs 32.37%/yr for SOXX. At a 0.35 correlation, their price movements are largely independent.
Performance
OPRA vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, OPRA achieves a 49.05% return, which is significantly lower than SOXX's 88.79% return.
OPRA
- 1D
- 7.07%
- 1M
- 12.93%
- 6M
- 52.41%
- YTD
- 49.05%
- 1Y
- 13.47%
- 3Y*
- 5.74%
- 5Y*
- 21.31%
- 10Y*
- —
SOXX
- 1D
- 2.58%
- 1M
- -4.71%
- 6M
- 70.58%
- YTD
- 88.79%
- 1Y
- 134.00%
- 3Y*
- 49.70%
- 5Y*
- 32.37%
- 10Y*
- 34.34%
OPRA vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OPRA Opera Limited | 49.05% | -22.08% | 52.02% | 140.60% | -10.91% | -22.67% | -1.30% | 66.37% | -61.23% |
SOXX iShares Semiconductor ETF | 88.79% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -15.51% |
Correlation
The correlation between OPRA and SOXX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018 | 0.35 |
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Return for Risk
OPRA vs. SOXX — Risk / Return Rank
OPRA
SOXX
OPRA vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Opera Limited (OPRA) 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.
| OPRA | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.46 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 8.55 | -8.22 |
| Martin ratioReturn relative to average drawdown | 0.59 | 26.38 | -25.80 |
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Drawdowns
OPRA vs. SOXX - Drawdown Comparison
The maximum OPRA drawdown since its inception was -72.85%, roughly equal to the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for OPRA and SOXX.
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Drawdown Indicators
| OPRA | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.85% | -70.21% | -2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -41.28% | -15.77% | -25.51% |
Max Drawdown (3Y)Largest decline over 3 years | -53.02% | -41.36% | -11.66% |
Max Drawdown (5Y)Largest decline over 5 years | -61.97% | -45.75% | -16.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.75% | — |
Current DrawdownCurrent decline from peak | -16.06% | -13.30% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -40.88% | -19.92% | -20.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.99% | 5.10% | +17.89% |
Volatility
OPRA vs. SOXX - Volatility Comparison
The current volatility for Opera Limited (OPRA) is 12.66%, while iShares Semiconductor ETF (SOXX) has a volatility of 21.09%. This indicates that OPRA 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
| OPRA | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.66% | 21.09% | -8.43% |
Volatility (6M)Calculated over the trailing 6-month period | 39.85% | 36.42% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.14% | 42.09% | +10.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.60% | 37.79% | +22.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.13% | 34.28% | +29.85% |
Dividends
OPRA vs. SOXX - Dividend Comparison
OPRA's dividend yield for the trailing twelve months is around 3.97%, more than SOXX's 0.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPRA Opera Limited | 3.97% | 5.65% | 4.22% | 8.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares Semiconductor ETF | 0.26% | 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
OPRA and SOXX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (21.09%) compared to OPRA (12.66%). In terms of maximum drawdown, OPRA dropped -72.85% vs SOXX's -70.21%.
SOXX currently has the higher Sharpe Ratio (3.20 vs 0.26), 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.
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