OTEC vs. SOXQ
Compare and contrast key facts about OceanTech Acquisitions I Corp. (OTEC) and Invesco PHLX Semiconductor ETF (SOXQ).
SOXQ is a passively managed fund by Invesco that tracks the performance of the PHLX / Semiconductor. It was launched on Jun 11, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OTEC or SOXQ.
Correlation
The correlation between OTEC and SOXQ is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
OTEC vs. SOXQ - Performance Comparison
Key characteristics
Returns By Period
OTEC
N/A
N/A
N/A
N/A
N/A
N/A
SOXQ
6.60%
-1.28%
4.52%
19.99%
N/A
N/A
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Risk-Adjusted Performance
OTEC vs. SOXQ — Risk-Adjusted Performance Rank
OTEC
SOXQ
OTEC vs. SOXQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for OceanTech Acquisitions I Corp. (OTEC) 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.
Dividends
OTEC vs. SOXQ - Dividend Comparison
OTEC has not paid dividends to shareholders, while SOXQ's dividend yield for the trailing twelve months is around 0.64%.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
OTEC OceanTech Acquisitions I Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXQ Invesco PHLX Semiconductor ETF | 0.64% | 0.68% | 0.87% | 1.36% | 0.73% |
Drawdowns
OTEC vs. SOXQ - Drawdown Comparison
Volatility
OTEC vs. SOXQ - Volatility Comparison
The current volatility for OceanTech Acquisitions I Corp. (OTEC) is 0.00%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 11.50%. This indicates that OTEC 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.