QQQM vs. SOXQ

Last updated Jun 4, 2026

QQQM (Invesco NASDAQ 100 ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 3 years, QQQM returned 28.89%/yr vs 59.40%/yr for SOXQ. Their correlation of 0.86 suggests significant overlap in exposure. QQQM charges 0.15%/yr vs 0.19%/yr for SOXQ.

Performance

QQQM vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ 100 ETF (QQQM) 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, QQQM achieves a 21.39% return, which is significantly lower than SOXQ's 96.72% return.

QQQM

• 1D: -0.20%
• 1M: 10.67%
• YTD: 21.39%
• 6M: 19.75%
• 1Y: 41.98%
• 3Y*: 28.89%
• 5Y*: 18.07%
• 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)

QQQM vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QQQM Invesco NASDAQ 100 ETF	21.39%	20.85%	25.68%	55.01%	-32.52%	17.03%
SOXQ Invesco PHLX Semiconductor ETF	96.72%	43.11%	20.16%	66.74%	-35.59%	24.82%

Correlation

The correlation between QQQM and SOXQ 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	0.84
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021	0.86

The correlation between QQQM and SOXQ has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

QQQM vs. SOXQ - Sectors Allocation Comparison

Sectors	QQQM	SOXQ
Technology	53.8%	100.0%
Communication Services	15.8%	-
Consumer Cyclical	12.3%	-
Consumer Defensive	7.7%	-
Healthcare	4.2%	-
Industrials	2.8%	-
Utilities	1.4%	-
Basic Materials	1.1%	-
Energy	0.6%	-
Financial Services	0.2%	0.0%
Real Estate	0.1%	-

Return for Risk

QQQM vs. SOXQ — Risk / Return Rank

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

QQQM

QQQM Risk / Return Rank: 74
QQQM Sharpe Ratio Rank: 80
QQQM Sortino Ratio Rank: 75
QQQM Omega Ratio Rank: 75
QQQM Calmar Ratio Rank: 69
QQQM Martin Ratio Rank: 71

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.

QQQM vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) 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.

	QQQM	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	2.65	5.43	-2.77
Sortino ratio: Return per unit of downside risk	3.46	5.22	-1.76
Omega ratio: Gain probability vs. loss probability	1.45	1.72	-0.27
Calmar ratio: Return relative to maximum drawdown	3.53	11.73	-8.21
Martin ratio: Return relative to average drawdown	13.52	45.01	-31.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQM vs. SOXQ - Sharpe Ratio Comparison

The current QQQM Sharpe Ratio is 2.65, which is lower than the SOXQ Sharpe Ratio of 5.43. The chart below compares the historical Sharpe Ratios of QQQM 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.

Sharpe Ratios by Period

	QQQM	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	5.43	-2.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.98	-0.13

Drawdowns

QQQM vs. SOXQ - Drawdown Comparison

The maximum QQQM drawdown since its inception was -35.04%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for QQQM and SOXQ.

Drawdown Indicators

	QQQM	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-35.04%	-46.01%	+10.97%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-15.59%	+3.63%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-39.36%	+16.66%
Max Drawdown (5Y) Largest decline over 5 years	-35.04%	—	—
Current Drawdown Current decline from peak	-0.20%	0.00%	-0.20%
Average Drawdown Average peak-to-trough decline	-8.25%	-12.96%	+4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	4.06%	-0.95%

Volatility

QQQM vs. SOXQ - Volatility Comparison

The current volatility for Invesco NASDAQ 100 ETF (QQQM) is 4.48%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 13.44%. This indicates that QQQM 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

	QQQM	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	13.44%	-8.96%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	26.70%	-14.65%
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	33.78%	-17.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.24%	36.38%	-14.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.12%	36.38%	-14.26%

QQQM vs. SOXQ - Expense Ratio Comparison

QQQM has a 0.15% expense ratio, which is lower than SOXQ's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QQQM vs. SOXQ - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.41%, more than SOXQ's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QQQM Invesco NASDAQ 100 ETF	0.41%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%

Frequently Asked Questions

Can I hold both QQQM and SOXQ in my portfolio?

QQQM and SOXQ 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, QQQM or SOXQ?

SOXQ has higher volatility (13.44%) compared to QQQM (4.48%). In terms of maximum drawdown, QQQM dropped -35.04% vs SOXQ's -46.01%.

Which ETF is better, QQQM or SOXQ?

On 3-year performance, SOXQ leads with 59.40% vs 28.89% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQM or SOXQ?

Over the 3-year period, SOXQ has performed better with a 59.40% return vs 28.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQM or SOXQ?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.19% for SOXQ.

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

QQQM has the higher dividend yield at 0.41%, compared with 0.26% for SOXQ.

What is the main difference between QQQM and SOXQ?

QQQM is categorized as Nasdaq-100, while SOXQ is Semiconductors. QQQM tracks NASDAQ-100 Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.15% for QQQM and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (5.43 vs 2.65), 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.