QETH vs. SOXQ

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Galaxy Ethereum ETF (QETH) and Invesco PHLX Semiconductor ETF (SOXQ).

QETH and SOXQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QETH is an actively managed fund by Invesco. It was launched on Jul 23, 2024. 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.

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.

QETH vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QETH Invesco Galaxy Ethereum ETF	-28.00%	-11.44%	-3.58%
SOXQ Invesco PHLX Semiconductor ETF	10.26%	43.11%	-7.33%

Returns By Period

In the year-to-date period, QETH achieves a -28.00% return, which is significantly lower than SOXQ's 10.26% return.

QETH

• 1D: 2.01%
• 1M: 4.93%
• YTD: -28.00%
• 6M: -50.79%
• 1Y: 11.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

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%.

QETH

Invesco Galaxy Ethereum ETF

SOXQ

Invesco PHLX Semiconductor ETF

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: 18
QETH Sharpe Ratio Rank: 15
QETH Sortino Ratio Rank: 25
QETH Omega Ratio Rank: 21
QETH Calmar Ratio Rank: 16
QETH Martin Ratio Rank: 15

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.

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.

	QETH	SOXQ	Difference
Sharpe ratio Return per unit of total volatility	0.15	2.08	-1.93
Sortino ratio Return per unit of downside risk	0.79	2.68	-1.89
Omega ratio Gain probability vs. loss probability	1.09	1.38	-0.29
Calmar ratio Return relative to maximum drawdown	0.27	4.79	-4.52
Martin ratio Return relative to average drawdown	0.55	17.49	-16.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QETH vs. SOXQ - Sharpe Ratio Comparison

The current QETH Sharpe Ratio is 0.15, which is lower than the SOXQ Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of QETH 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

	QETH	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.15	2.08	-1.93
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	0.60	-0.93

Correlation

The correlation between QETH and SOXQ is 0.52, 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

QETH vs. SOXQ - Dividend Comparison

QETH has not paid dividends to shareholders, while SOXQ's dividend yield for the trailing twelve months is around 0.46%.

	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	0.46%	0.50%	0.68%	0.87%	1.36%	0.72%

Drawdowns

QETH vs. SOXQ - Drawdown Comparison

The maximum QETH drawdown since its inception was -64.07%, 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	-64.07%	-46.01%	-18.06%
Max Drawdown (1Y) Largest decline over 1 year	-61.69%	-17.44%	-44.25%
Current Drawdown Current decline from peak	-55.88%	-7.78%	-48.10%
Average Drawdown Average peak-to-trough decline	-30.50%	-13.37%	-17.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.62%	4.78%	+25.84%

Volatility

QETH vs. SOXQ - Volatility Comparison

Invesco Galaxy Ethereum ETF (QETH) has a higher volatility of 18.99% compared to Invesco PHLX Semiconductor ETF (SOXQ) at 12.69%. This indicates that QETH's price experiences larger fluctuations and is considered to be riskier 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	18.99%	12.69%	+6.30%
Volatility (6M) Calculated over the trailing 6-month period	53.63%	26.33%	+27.30%
Volatility (1Y) Calculated over the trailing 1-year period	75.91%	40.14%	+35.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.80%	36.10%	+38.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.80%	36.10%	+38.70%