PXQ vs. SOXX

Last updated Jun 24, 2026

PXQ (Invesco Next Gen Connectivity ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, PXQ returned 21.11%/yr vs 36.08%/yr for SOXX. A 0.76 correlation means they provide meaningful diversification when combined. PXQ charges 0.40%/yr vs 0.34%/yr for SOXX.

Performance

PXQ vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Connectivity ETF (PXQ) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXQ achieves a 54.15% return, which is significantly lower than SOXX's 100.58% return. Over the past 10 years, PXQ has underperformed SOXX with an annualized return of 21.11%, while SOXX has yielded a comparatively higher 36.08% annualized return.

PXQ

• 1D: -5.38%
• 1M: 5.48%
• YTD: 54.15%
• 6M: 54.94%
• 1Y: 84.85%
• 3Y*: 40.93%
• 5Y*: 19.32%
• 10Y*: 21.11%

SOXX

• 1D: -7.88%
• 1M: 12.35%
• YTD: 100.58%
• 6M: 98.07%
• 1Y: 167.63%
• 3Y*: 56.18%
• 5Y*: 33.69%
• 10Y*: 36.08%

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

PXQ vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXQ Invesco Next Gen Connectivity ETF	54.15%	28.65%	19.41%	27.39%	-29.54%	21.83%	39.14%	26.35%	5.78%	15.41%
SOXX iShares Semiconductor ETF	100.58%	40.74%	12.92%	67.12%	-35.09%	44.09%	52.72%	62.42%	-6.49%	39.79%

Correlation

The correlation between PXQ and SOXX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jun 23, 2005	0.76

The correlation between PXQ and SOXX has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

PXQ vs. SOXX - Sectors Allocation Comparison

Sectors	PXQ	SOXX
Technology	84.4%	100.0%
Communication Services	11.4%	-
Real Estate	3.2%	-
Industrials	0.8%	-
Financial Services	0.0%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

PXQ vs. SOXX — Risk / Return Rank

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

PXQ

PXQ Risk / Return Rank: 93
PXQ Sharpe Ratio Rank: 95
PXQ Sortino Ratio Rank: 90
PXQ Omega Ratio Rank: 92
PXQ Calmar Ratio Rank: 95
PXQ Martin Ratio Rank: 95

SOXX

SOXX Risk / Return Rank: 95
SOXX Sharpe Ratio Rank: 97
SOXX Sortino Ratio Rank: 92
SOXX Omega Ratio Rank: 92
SOXX Calmar Ratio Rank: 97
SOXX Martin Ratio Rank: 97

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.

PXQ vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) 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.

	PXQ	SOXX	Difference
Sharpe ratio: Return per unit of total volatility	3.42	4.28	-0.86
Sortino ratio: Return per unit of downside risk	3.96	4.15	-0.19
Omega ratio: Gain probability vs. loss probability	1.57	1.60	-0.02
Calmar ratio: Return relative to maximum drawdown	6.94	10.70	-3.76
Martin ratio: Return relative to average drawdown	30.00	38.46	-8.46

PXQ vs. SOXX - Sharpe Ratio Comparison

The current PXQ Sharpe Ratio is 3.42, which is comparable to the SOXX Sharpe Ratio of 4.28. The chart below compares the historical Sharpe Ratios of PXQ and SOXX, 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

PXQ vs. SOXX - Drawdown Comparison

The maximum PXQ drawdown since its inception was -57.18%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for PXQ and SOXX.

Drawdown Indicators

	PXQ	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-70.21%	+13.03%
Max Drawdown (1Y) Largest decline over 1 year	-12.30%	-15.77%	+3.47%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-41.36%	+19.96%
Max Drawdown (5Y) Largest decline over 5 years	-34.55%	-45.75%	+11.20%
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	-45.75%	+11.20%
Current Drawdown Current decline from peak	-6.27%	-7.88%	+1.61%
Average Drawdown Average peak-to-trough decline	-10.73%	-19.94%	+9.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	4.38%	-1.54%

Volatility

PXQ vs. SOXX - Volatility Comparison

The current volatility for Invesco Next Gen Connectivity ETF (PXQ) is 15.64%, while iShares Semiconductor ETF (SOXX) has a volatility of 22.75%. This indicates that PXQ 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.

Volatility by Period

	PXQ	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.64%	22.75%	-7.11%
Volatility (6M) Calculated over the trailing 6-month period	21.75%	33.44%	-11.69%
Volatility (1Y) Calculated over the trailing 1-year period	25.15%	39.42%	-14.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.96%	37.21%	-13.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.33%	34.00%	-10.67%

PXQ vs. SOXX - Expense Ratio Comparison

PXQ has a 0.40% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

PXQ vs. SOXX - Dividend Comparison

PXQ's dividend yield for the trailing twelve months is around 0.62%, more than SOXX's 0.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXQ Invesco Next Gen Connectivity ETF	0.62%	0.86%	1.38%	0.60%	2.24%	0.55%	0.18%	0.44%	1.22%	0.66%	0.44%	0.00%
SOXX iShares Semiconductor ETF	0.24%	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

Can I hold both PXQ and SOXX in my portfolio?

PXQ and SOXX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXQ or SOXX?

SOXX has higher volatility (22.75%) compared to PXQ (15.64%). In terms of maximum drawdown, PXQ dropped -57.18% vs SOXX's -70.21%.

Which ETF is better, PXQ or SOXX?

On 10-year performance, SOXX leads with 36.08% vs 21.11% for PXQ. On fees, SOXX is cheaper at 0.34% per year. On volatility, PXQ has been the lower-risk option at 15.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXQ or SOXX?

Over the 10-year period, SOXX has performed better with a 36.08% return vs 21.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXQ or SOXX?

SOXX is cheaper with a 0.34% expense ratio, compared with 0.40% for PXQ.

Which ETF pays a higher dividend yield, PXQ or SOXX?

PXQ has the higher dividend yield at 0.62%, compared with 0.24% for SOXX.

What is the main difference between PXQ and SOXX?

PXQ is categorized as Technology Equities, while SOXX is Semiconductors. PXQ tracks STOXX World AC NexGen Connectivity Index, while SOXX tracks NYSE Semiconductor Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for PXQ and 0.34% for SOXX.

Which has better risk-adjusted returns?

SOXX currently has the higher Sharpe Ratio (4.28 vs 3.42), 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.