QETH vs. SOXQ

Last updated Jun 25, 2026

QETH (Invesco Galaxy Ethereum ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - QETH is a Cryptocurrency fund actively managed by Invesco, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. QETH is actively managed, while SOXQ is passively managed. Over the past year, QETH returned -35.24% vs 148.28% for SOXQ. At a 0.50 correlation, their price movements are largely independent. QETH charges 0.25%/yr vs 0.19%/yr for SOXQ.

Performance

QETH vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Galaxy Ethereum ETF (QETH) 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, QETH achieves a -46.74% return, which is significantly lower than SOXQ's 90.13% return.

QETH

• 1D: -4.60%
• 1M: -23.32%
• YTD: -46.74%
• 6M: -46.14%
• 1Y: -35.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXQ

• 1D: -0.25%
• 1M: 10.27%
• YTD: 90.13%
• 6M: 87.11%
• 1Y: 148.28%
• 3Y*: 57.47%
• 5Y*: 34.11%
• 10Y*: —

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

QETH vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QETH Invesco Galaxy Ethereum ETF	-46.74%	-11.44%	-5.03%
SOXQ Invesco PHLX Semiconductor ETF	90.13%	43.11%	-8.79%

Correlation

The correlation between QETH and SOXQ is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.50

Return for Risk

QETH vs. SOXQ — Risk / Return Rank

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

QETH

QETH Risk / Return Rank: 5
QETH Sharpe Ratio Rank: 5
QETH Sortino Ratio Rank: 6
QETH Omega Ratio Rank: 6
QETH Calmar Ratio Rank: 5
QETH Martin Ratio Rank: 5

SOXQ

SOXQ Risk / Return Rank: 95
SOXQ Sharpe Ratio Rank: 96
SOXQ Sortino Ratio Rank: 91
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.

QETH vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Ethereum ETF (QETH) 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.

	QETH	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	3.86	-4.37
Sortino ratio: Return per unit of downside risk	-0.41	3.87	-4.28
Omega ratio: Gain probability vs. loss probability	0.95	1.55	-0.60
Calmar ratio: Return relative to maximum drawdown	-0.52	9.57	-10.09
Martin ratio: Return relative to average drawdown	-0.87	34.13	-35.00

QETH vs. SOXQ - Sharpe Ratio Comparison

The current QETH Sharpe Ratio is -0.51, which is lower than the SOXQ Sharpe Ratio of 3.86. The chart below compares the historical Sharpe Ratios of QETH 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

QETH vs. SOXQ - Drawdown Comparison

The maximum QETH drawdown since its inception was -67.51%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for QETH and SOXQ.

Drawdown Indicators

	QETH	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-67.51%	-46.01%	-21.50%
Max Drawdown (1Y) Largest decline over 1 year	-67.51%	-15.59%	-51.92%
Max Drawdown (3Y) Largest decline over 3 years	—	-39.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.01%	—
Current Drawdown Current decline from peak	-67.36%	-8.05%	-59.31%
Average Drawdown Average peak-to-trough decline	-33.78%	-12.87%	-20.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.63%	4.36%	+36.27%

Volatility

QETH vs. SOXQ - Volatility Comparison

The current volatility for Invesco Galaxy Ethereum ETF (QETH) is 19.78%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 22.00%. This indicates that QETH 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

	QETH	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.78%	22.00%	-2.22%
Volatility (6M) Calculated over the trailing 6-month period	46.49%	32.41%	+14.08%
Volatility (1Y) Calculated over the trailing 1-year period	69.13%	38.78%	+30.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.39%	37.33%	+35.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.39%	37.22%	+35.17%

QETH vs. SOXQ - Expense Ratio Comparison

QETH has a 0.25% expense ratio, which is higher than SOXQ's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QETH vs. SOXQ - Dividend Comparison

QETH has not paid dividends to shareholders, while SOXQ's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM	2025	2024	2023	2022	2021
QETH Invesco Galaxy Ethereum ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.27%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both QETH and SOXQ in my portfolio?

QETH and SOXQ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QETH or SOXQ?

SOXQ has higher volatility (22.00%) compared to QETH (19.78%). In terms of maximum drawdown, QETH dropped -67.51% vs SOXQ's -46.01%.

Which ETF is better, QETH or SOXQ?

On 1-year performance, SOXQ leads with 148.28% vs -35.24% for QETH. On fees, SOXQ is cheaper at 0.19% per year. On volatility, QETH has been the lower-risk option at 19.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QETH or SOXQ?

Over the 1-year period, SOXQ has performed better with a 148.28% return vs -35.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QETH or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.25% for QETH.

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

SOXQ has the higher dividend yield at 0.27%, compared with 0.00% for QETH.

What is the main difference between QETH and SOXQ?

QETH is categorized as Cryptocurrency, while SOXQ is Semiconductors. Their fees differ too: 0.25% for QETH and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (3.86 vs -0.51), 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.