PUI vs. SOXQ

Last updated Aug 2, 2026

PUI (Invesco DWA Utilities Momentum ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - PUI is a Momentum fund tracking the DWA Utilities Technical Leaders Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 5 years, PUI returned 8.49%/yr vs 28.65%/yr for SOXQ. Their 0.25 correlation means their historical movements had little consistent relationship. PUI charges 0.60%/yr vs 0.19%/yr for SOXQ.

Performance

PUI vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Utilities Momentum ETF (PUI) 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, PUI achieves a 5.60% return, which is significantly lower than SOXQ's 59.97% return.

PUI

• 1D: -0.27%
• 1M: -4.01%
• 6M: 2.49%
• YTD: 5.60%
• 1Y: 4.90%
• 3Y*: 13.99%
• 5Y*: 8.49%
• 10Y*: 7.81%
• ALL TIME*: 8.18%

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)
PUI Invesco DWA Utilities Momentum ETF	$210.08K	$1.19M	$591.02K
SOXQ Invesco PHLX Semiconductor ETF	$219.33M	$233.61M	$278.30M

PUI vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PUI Invesco DWA Utilities Momentum ETF	5.60%	15.25%	23.91%	-4.47%	-2.17%	4.76%
SOXQ Invesco PHLX Semiconductor ETF	59.97%	43.11%	20.16%	66.74%	-35.59%	25.19%

Correlation

The correlation between PUI and SOXQ is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.23
Correlation (5Y) Shows whether the relationship held over a longer period.	0.26
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.25

The correlation between PUI and SOXQ shifts across timeframes, from 0.23 (3 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.

PUI vs. SOXQ - Sectors Allocation Comparison

Sectors	PUI	SOXQ
Utilities	88.7%	-
Energy	8.7%	-
Industrials	2.4%	-
Communication Services	1.7%	-
Financial Services	0.1%	0.1%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	99.9%

Return for Risk

PUI vs. SOXQ — Risk / Return Rank

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

PUI

PUI Risk / Return Rank: 17
PUI Sharpe Ratio Rank: 18
PUI Sortino Ratio Rank: 17
PUI Omega Ratio Rank: 16
PUI Calmar Ratio Rank: 18
PUI Martin Ratio Rank: 18

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.

PUI vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Utilities Momentum ETF (PUI) 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.

	PUI	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	0.32	2.37	-2.06
Sortino ratio: Return per unit of downside risk	0.53	2.71	-2.18
Omega ratio: Gain probability vs. loss probability	1.06	1.36	-0.30
Calmar ratio: Return relative to maximum drawdown	0.43	3.61	-3.18
Martin ratio: Return relative to average drawdown	0.95	15.05	-14.09

PUI vs. SOXQ - Sharpe Ratio Comparison

The current PUI Sharpe Ratio is 0.32, which is lower than the SOXQ Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of PUI 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

PUI vs. SOXQ - Drawdown Comparison

The maximum PUI drawdown since its inception was -43.20%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for PUI and SOXQ.

Drawdown Indicators

	PUI	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-43.20%	-46.01%	+2.81%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-28.56%	+17.49%
Max Drawdown (3Y) Largest decline over 3 years	-11.31%	-39.36%	+28.05%
Max Drawdown (5Y) Largest decline over 5 years	-23.47%	-46.01%	+22.54%
Max Drawdown (10Y) Largest decline over 10 years	-35.61%	—	—
Current Drawdown Current decline from peak	-5.95%	-22.64%	+16.69%
Average Drawdown Average peak-to-trough decline	-8.42%	-12.92%	+4.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.98%	6.83%	-1.85%

Volatility

PUI vs. SOXQ - Volatility Comparison

The current volatility for Invesco DWA Utilities Momentum ETF (PUI) is 4.20%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 17.19%. This indicates that PUI 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

	PUI	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	17.19%	-12.99%
Volatility (6M) Calculated over the trailing 6-month period	11.24%	37.70%	-26.46%
Volatility (1Y) Calculated over the trailing 1-year period	15.10%	43.52%	-28.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.59%	38.28%	-21.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.09%	37.93%	-18.84%

PUI vs. SOXQ - Expense Ratio Comparison

PUI has a 0.60% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

PUI vs. SOXQ - Dividend Comparison

PUI's dividend yield for the trailing twelve months is around 2.05%, more than SOXQ's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PUI Invesco DWA Utilities Momentum ETF	2.05%	2.22%	2.06%	2.36%	2.16%	2.03%	2.42%	2.02%	1.87%	2.98%	3.35%	2.82%
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 PUI and SOXQ in my portfolio?

PUI and SOXQ have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PUI or SOXQ?

SOXQ has higher volatility (17.19%) compared to PUI (4.20%). In terms of maximum drawdown, PUI dropped -43.20% vs SOXQ's -46.01%.

Which ETF is better, PUI or SOXQ?

On 5-year performance, SOXQ leads with 28.65% vs 8.49% for PUI. On fees, SOXQ is cheaper at 0.19% per year. On volatility, PUI has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PUI or SOXQ?

Over the 5-year period, SOXQ has performed better with a 28.65% return vs 8.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PUI or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.60% for PUI.

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

PUI has the higher dividend yield at 2.05%, compared with 0.32% for SOXQ.

What is the main difference between PUI and SOXQ?

PUI is categorized as Momentum, while SOXQ is Semiconductors. PUI tracks DWA Utilities Technical Leaders Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.60% for PUI and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (2.37 vs 0.32), 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.