POWA vs. SOXQ

Last updated Jun 24, 2026

POWA (Invesco Bloomberg Pricing Power ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - POWA is a Large Cap Blend Equities fund tracking the Bloomberg Pricing Power Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 5 years, POWA returned 7.09%/yr vs 34.04%/yr for SOXQ. A 0.54 correlation means they provide meaningful diversification when combined. POWA charges 0.40%/yr vs 0.19%/yr for SOXQ.

Performance

POWA vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bloomberg Pricing Power ETF (POWA) 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, POWA achieves a -3.46% return, which is significantly lower than SOXQ's 90.62% return.

POWA

• 1D: 0.05%
• 1M: -0.36%
• YTD: -3.46%
• 6M: -4.44%
• 1Y: 2.51%
• 3Y*: 9.97%
• 5Y*: 7.09%
• 10Y*: 10.17%

SOXQ

• 1D: -7.82%
• 1M: 10.55%
• YTD: 90.62%
• 6M: 87.99%
• 1Y: 158.27%
• 3Y*: 57.61%
• 5Y*: 34.04%
• 10Y*: —

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

POWA vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
POWA Invesco Bloomberg Pricing Power ETF	-3.46%	11.71%	13.18%	10.58%	-7.67%	12.27%
SOXQ Invesco PHLX Semiconductor ETF	90.62%	43.11%	20.16%	66.74%	-35.59%	25.19%

Correlation

The correlation between POWA and SOXQ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.54

The correlation between POWA and SOXQ shifts across timeframes, from 0.37 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.

POWA vs. SOXQ - Sectors Allocation Comparison

Sectors	POWA	SOXQ
Technology	27.1%	100.0%
Industrials	18.7%	-
Healthcare	17.7%	-
Consumer Defensive	15.7%	-
Consumer Cyclical	13.9%	-
Financial Services	2.4%	0.1%
Real Estate	2.4%	-
Communication Services	2.1%	-
Basic Materials	-	-
Energy	-	-
Utilities	-	-

Return for Risk

POWA vs. SOXQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

POWA

POWA Risk / Return Rank: 11
POWA Sharpe Ratio Rank: 12
POWA Sortino Ratio Rank: 11
POWA Omega Ratio Rank: 10
POWA Calmar Ratio Rank: 12
POWA Martin Ratio Rank: 12

SOXQ

SOXQ Risk / Return Rank: 94
SOXQ Sharpe Ratio Rank: 96
SOXQ Sortino Ratio Rank: 90
SOXQ Omega Ratio Rank: 92
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

POWA vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Pricing Power ETF (POWA) 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.

	POWA	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	0.21	4.11	-3.89
Sortino ratio: Return per unit of downside risk	0.40	4.02	-3.63
Omega ratio: Gain probability vs. loss probability	1.04	1.58	-0.53
Calmar ratio: Return relative to maximum drawdown	0.26	10.22	-9.96
Martin ratio: Return relative to average drawdown	0.65	36.68	-36.03

POWA vs. SOXQ - Sharpe Ratio Comparison

The current POWA Sharpe Ratio is 0.21, which is lower than the SOXQ Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of POWA 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

POWA vs. SOXQ - Drawdown Comparison

The maximum POWA drawdown since its inception was -47.91%, roughly equal to the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for POWA and SOXQ.

Drawdown Indicators

	POWA	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-47.91%	-46.01%	-1.90%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-15.59%	+5.83%
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	-39.36%	+24.36%
Max Drawdown (5Y) Largest decline over 5 years	-17.75%	-46.01%	+28.26%
Max Drawdown (10Y) Largest decline over 10 years	-36.53%	—	—
Current Drawdown Current decline from peak	-7.56%	-7.82%	+0.26%
Average Drawdown Average peak-to-trough decline	-6.24%	-12.87%	+6.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.89%	4.33%	-0.44%

Volatility

POWA vs. SOXQ - Volatility Comparison

The current volatility for Invesco Bloomberg Pricing Power ETF (POWA) is 3.15%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 22.04%. This indicates that POWA 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

	POWA	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	22.04%	-18.89%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	32.49%	-23.51%
Volatility (1Y) Calculated over the trailing 1-year period	11.82%	38.78%	-26.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	37.34%	-23.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	37.24%	-21.19%

POWA vs. SOXQ - Expense Ratio Comparison

POWA has a 0.40% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

POWA vs. SOXQ - Dividend Comparison

POWA's dividend yield for the trailing twelve months is around 0.97%, more than SOXQ's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
POWA Invesco Bloomberg Pricing Power ETF	0.97%	0.94%	0.79%	1.60%	1.48%	1.06%	1.34%	1.16%	1.39%	1.63%	2.18%	3.31%
SOXQ Invesco PHLX Semiconductor ETF	0.27%	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 POWA and SOXQ in my portfolio?

POWA and SOXQ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POWA or SOXQ?

SOXQ has higher volatility (22.04%) compared to POWA (3.15%). In terms of maximum drawdown, POWA dropped -47.91% vs SOXQ's -46.01%.

Which ETF is better, POWA or SOXQ?

On 5-year performance, SOXQ leads with 34.04% vs 7.09% for POWA. On fees, SOXQ is cheaper at 0.19% per year. On volatility, POWA has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, POWA or SOXQ?

Over the 5-year period, SOXQ has performed better with a 34.04% return vs 7.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, POWA or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.40% for POWA.

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

POWA has the higher dividend yield at 0.97%, compared with 0.27% for SOXQ.

What is the main difference between POWA and SOXQ?

POWA is categorized as Large Cap Blend Equities, while SOXQ is Semiconductors. POWA tracks Bloomberg Pricing Power Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.40% for POWA and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (4.11 vs 0.21), 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.