QEW vs. SOXQ

Last updated Jun 4, 2026

QEW (Invesco QQQ Equal Weight ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - QEW is a Nasdaq-100 fund tracking the Nasdaq-100 Equal Weighted Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. QEW charges 0.25%/yr vs 0.19%/yr for SOXQ.

Performance

QEW vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Equal Weight ETF (QEW) and Invesco PHLX Semiconductor ETF (SOXQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QEW

• 1D: -0.11%
• 1M: 10.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXQ

• 1D: 1.42%
• 1M: 32.12%
• YTD: 96.72%
• 6M: 91.61%
• 1Y: 181.76%
• 3Y*: 59.40%
• 5Y*: —
• 10Y*: —

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

QEW vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)
QEW Invesco QQQ Equal Weight ETF	21.49%
SOXQ Invesco PHLX Semiconductor ETF	78.62%

Correlation

The correlation between QEW and SOXQ is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.67

Return for Risk

QEW vs. SOXQ — Risk / Return Rank

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

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
SOXQ Omega Ratio Rank: 95
SOXQ Calmar Ratio Rank: 97
SOXQ 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.

QEW vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Equal Weight ETF (QEW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QEW	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.75	0.98	+8.77

Drawdowns

QEW vs. SOXQ - Drawdown Comparison

The maximum QEW drawdown since its inception was -4.15%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for QEW and SOXQ.

Drawdown Indicators

	QEW	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-4.15%	-46.01%	+41.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.59%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-39.36%	—
Current Drawdown Current decline from peak	-0.11%	0.00%	-0.11%
Average Drawdown Average peak-to-trough decline	-0.57%	-12.96%	+12.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.06%	—

Volatility

Volatility by Period

	QEW	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.78%	33.78%	-18.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.78%	36.38%	-20.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.78%	36.38%	-20.60%

QEW vs. SOXQ - Expense Ratio Comparison

QEW 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

QEW vs. SOXQ - Dividend Comparison

QEW has not paid dividends to shareholders, while SOXQ's dividend yield for the trailing twelve months is around 0.26%.

Position	TTM	2025	2024	2023	2022	2021
QEW Invesco QQQ Equal Weight ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both QEW and SOXQ in my portfolio?

QEW and SOXQ have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QEW or SOXQ?

On fees, SOXQ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QEW or SOXQ?

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

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

SOXQ has the higher dividend yield at 0.26%, compared with 0.00% for QEW.

What is the main difference between QEW and SOXQ?

QEW is categorized as Nasdaq-100, while SOXQ is Semiconductors. QEW tracks Nasdaq-100 Equal Weighted Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.25% for QEW and 0.19% for SOXQ.