QQHG vs. SOXQ

Last updated Jun 25, 2026

QQHG (Invesco QQQ Hedged Advantage ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - QQHG is a Equity Hedged fund actively managed by Invesco, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. QQHG is actively managed, while SOXQ is passively managed. Over the past year, QQHG returned 22.34% vs 148.28% for SOXQ. A 0.79 correlation means they provide meaningful diversification when combined. QQHG charges 0.45%/yr vs 0.19%/yr for SOXQ.

Performance

QQHG vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Hedged Advantage ETF (QQHG) 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, QQHG achieves a 8.81% return, which is significantly lower than SOXQ's 90.13% return.

QQHG

• 1D: -0.23%
• 1M: -0.12%
• YTD: 8.81%
• 6M: 7.73%
• 1Y: 22.34%
• 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)

QQHG vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025
QQHG Invesco QQQ Hedged Advantage ETF	8.81%	20.59%
SOXQ Invesco PHLX Semiconductor ETF	90.13%	64.95%

Correlation

The correlation between QQHG and SOXQ is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since May 7, 2025	0.79

The correlation between QQHG and SOXQ has been stable across timeframes, ranging from 0.79 to 0.79 - a consistent structural relationship.

Return for Risk

QQHG vs. SOXQ — Risk / Return Rank

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

QQHG

QQHG Risk / Return Rank: 78
QQHG Sharpe Ratio Rank: 79
QQHG Sortino Ratio Rank: 77
QQHG Omega Ratio Rank: 78
QQHG Calmar Ratio Rank: 79
QQHG Martin Ratio Rank: 79

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.

QQHG vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Hedged Advantage ETF (QQHG) 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.

	QQHG	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	2.22	3.86	-1.64
Sortino ratio: Return per unit of downside risk	3.05	3.87	-0.82
Omega ratio: Gain probability vs. loss probability	1.40	1.55	-0.15
Calmar ratio: Return relative to maximum drawdown	3.63	9.57	-5.94
Martin ratio: Return relative to average drawdown	13.63	34.13	-20.49

QQHG vs. SOXQ - Sharpe Ratio Comparison

The current QQHG Sharpe Ratio is 2.22, which is lower than the SOXQ Sharpe Ratio of 3.86. The chart below compares the historical Sharpe Ratios of QQHG 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

QQHG vs. SOXQ - Drawdown Comparison

The maximum QQHG drawdown since its inception was -6.18%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for QQHG and SOXQ.

Drawdown Indicators

	QQHG	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-6.18%	-46.01%	+39.83%
Max Drawdown (1Y) Largest decline over 1 year	-6.18%	-15.59%	+9.41%
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	-2.60%	-8.05%	+5.45%
Average Drawdown Average peak-to-trough decline	-1.02%	-12.87%	+11.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	4.36%	-2.72%

Volatility

QQHG vs. SOXQ - Volatility Comparison

The current volatility for Invesco QQQ Hedged Advantage ETF (QQHG) is 4.47%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 22.00%. This indicates that QQHG 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

	QQHG	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	22.00%	-17.53%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	32.41%	-24.80%
Volatility (1Y) Calculated over the trailing 1-year period	10.13%	38.78%	-28.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.10%	37.33%	-27.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.10%	37.22%	-27.12%

QQHG vs. SOXQ - Expense Ratio Comparison

QQHG has a 0.45% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

QQHG vs. SOXQ - Dividend Comparison

QQHG's dividend yield for the trailing twelve months is around 0.26%, less than SOXQ's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021
QQHG Invesco QQQ Hedged Advantage ETF	0.26%	0.17%	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 QQHG and SOXQ in my portfolio?

QQHG and SOXQ have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQHG or SOXQ?

SOXQ has higher volatility (22.00%) compared to QQHG (4.47%). In terms of maximum drawdown, QQHG dropped -6.18% vs SOXQ's -46.01%.

Which ETF is better, QQHG or SOXQ?

On 1-year performance, SOXQ leads with 148.28% vs 22.34% for QQHG. On fees, SOXQ is cheaper at 0.19% per year. On volatility, QQHG has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQHG or SOXQ?

Over the 1-year period, SOXQ has performed better with a 148.28% return vs 22.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQHG or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.45% for QQHG.

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

SOXQ has the higher dividend yield at 0.27%, compared with 0.26% for QQHG.

What is the main difference between QQHG and SOXQ?

QQHG is categorized as Equity Hedged, while SOXQ is Semiconductors. Their fees differ too: 0.45% for QQHG and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (3.86 vs 2.22), 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.