PXH vs. SOXQ

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco FTSE RAFI Emerging Markets ETF (PXH) and Invesco PHLX Semiconductor ETF (SOXQ).

PXH and SOXQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PXH is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI Emerging Markets Index. It was launched on Sep 27, 2007. SOXQ is a passively managed fund by Invesco that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jun 11, 2021. Both PXH and SOXQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PXH vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco FTSE RAFI Emerging Markets ETF (PXH) and Invesco PHLX Semiconductor ETF (SOXQ). The values are adjusted to include any dividend payments, if applicable.

PXH vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PXH Invesco FTSE RAFI Emerging Markets ETF	4.17%	31.44%	12.09%	13.93%	-15.18%	-5.44%
SOXQ Invesco PHLX Semiconductor ETF	10.26%	43.11%	20.16%	66.74%	-35.59%	24.82%

Returns By Period

In the year-to-date period, PXH achieves a 4.17% return, which is significantly lower than SOXQ's 10.26% return.

PXH

• 1D: -0.45%
• 1M: -4.62%
• YTD: 4.17%
• 6M: 6.83%
• 1Y: 27.92%
• 3Y*: 18.55%
• 5Y*: 8.55%
• 10Y*: 9.67%

SOXQ

• 1D: 2.88%
• 1M: -4.05%
• YTD: 10.26%
• 6M: 20.31%
• 1Y: 83.12%
• 3Y*: 35.09%
• 5Y*: —
• 10Y*: —

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

PXH vs. SOXQ - Expense Ratio Comparison

PXH has a 0.50% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

PXH

Invesco FTSE RAFI Emerging Markets ETF

SOXQ

Invesco PHLX Semiconductor ETF

Return for Risk

PXH vs. SOXQ — Risk / Return Rank

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

PXH

PXH Risk / Return Rank: 78
PXH Sharpe Ratio Rank: 78
PXH Sortino Ratio Rank: 79
PXH Omega Ratio Rank: 78
PXH Calmar Ratio Rank: 74
PXH Martin Ratio Rank: 79

SOXQ

SOXQ Risk / Return Rank: 93
SOXQ Sharpe Ratio Rank: 91
SOXQ Sortino Ratio Rank: 91
SOXQ Omega Ratio Rank: 89
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.

PXH vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Emerging Markets ETF (PXH) 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.

	PXH	SOXQ	Difference
Sharpe ratio Return per unit of total volatility	1.51	2.08	-0.57
Sortino ratio Return per unit of downside risk	2.11	2.68	-0.57
Omega ratio Gain probability vs. loss probability	1.31	1.38	-0.07
Calmar ratio Return relative to maximum drawdown	2.05	4.79	-2.74
Martin ratio Return relative to average drawdown	9.10	17.49	-8.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PXH vs. SOXQ - Sharpe Ratio Comparison

The current PXH Sharpe Ratio is 1.51, which is comparable to the SOXQ Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of PXH and SOXQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PXH	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	2.08	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.60	-0.47

Correlation

The correlation between PXH and SOXQ is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PXH vs. SOXQ - Dividend Comparison

PXH's dividend yield for the trailing twelve months is around 3.78%, more than SOXQ's 0.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXH Invesco FTSE RAFI Emerging Markets ETF	3.78%	4.02%	4.43%	4.84%	5.33%	4.69%	2.79%	3.28%	3.30%	2.74%	1.97%	3.44%
SOXQ Invesco PHLX Semiconductor ETF	0.46%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PXH vs. SOXQ - Drawdown Comparison

The maximum PXH drawdown since its inception was -63.63%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for PXH and SOXQ.

Drawdown Indicators

	PXH	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-63.63%	-46.01%	-17.62%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-17.44%	+3.76%
Max Drawdown (5Y) Largest decline over 5 years	-29.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.42%	—	—
Current Drawdown Current decline from peak	-6.97%	-7.78%	+0.81%
Average Drawdown Average peak-to-trough decline	-17.00%	-13.37%	-3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	4.78%	-1.67%

Volatility

PXH vs. SOXQ - Volatility Comparison

The current volatility for Invesco FTSE RAFI Emerging Markets ETF (PXH) is 6.89%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 12.69%. This indicates that PXH 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

	PXH	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.89%	12.69%	-5.80%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	26.33%	-14.28%
Volatility (1Y) Calculated over the trailing 1-year period	18.53%	40.14%	-21.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.71%	36.10%	-18.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.20%	36.10%	-15.90%