RZV vs. SOXQ

Last updated Jun 5, 2026

RZV (Invesco S&P SmallCap 600® Pure Value ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - RZV is a Small Cap Value Equities fund tracking the S&P Small Cap 600 Pure Value, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 3 years, RZV returned 19.15%/yr vs 59.09%/yr for SOXQ. A 0.51 correlation means they provide meaningful diversification when combined. RZV charges 0.35%/yr vs 0.19%/yr for SOXQ.

Performance

RZV vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap 600® Pure Value ETF (RZV) 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, RZV achieves a 19.32% return, which is significantly lower than SOXQ's 92.48% return.

RZV

• 1D: 1.31%
• 1M: 3.43%
• YTD: 19.32%
• 6M: 17.69%
• 1Y: 45.33%
• 3Y*: 19.15%
• 5Y*: 9.13%
• 10Y*: 10.50%

SOXQ

• 1D: -2.15%
• 1M: 24.08%
• YTD: 92.48%
• 6M: 89.00%
• 1Y: 171.59%
• 3Y*: 59.09%
• 5Y*: —
• 10Y*: —

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

RZV vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RZV Invesco S&P SmallCap 600® Pure Value ETF	19.32%	8.65%	5.06%	22.97%	-6.80%	-1.64%
SOXQ Invesco PHLX Semiconductor ETF	92.48%	43.11%	20.16%	66.74%	-35.59%	24.82%

Correlation

The correlation between RZV and SOXQ is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021	0.51

The correlation between RZV and SOXQ has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.

RZV vs. SOXQ - Sectors Allocation Comparison

Sectors	RZV	SOXQ
Consumer Cyclical	26.1%	-
Industrials	15.7%	-
Energy	9.7%	-
Technology	8.9%	100.0%
Healthcare	8.8%	-
Consumer Defensive	7.7%	-
Financial Services	7.3%	0.0%
Basic Materials	6.4%	-
Real Estate	5.0%	-
Communication Services	4.2%	-
Utilities	0.4%	-

Return for Risk

RZV vs. SOXQ — Risk / Return Rank

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

RZV

RZV Risk / Return Rank: 68
RZV Sharpe Ratio Rank: 68
RZV Sortino Ratio Rank: 69
RZV Omega Ratio Rank: 62
RZV Calmar Ratio Rank: 73
RZV Martin Ratio Rank: 66

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
SOXQ Omega Ratio Rank: 94
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.

RZV vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Value ETF (RZV) 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.

	RZV	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	2.21	5.11	-2.90
Sortino ratio: Return per unit of downside risk	3.10	5.02	-1.92
Omega ratio: Gain probability vs. loss probability	1.37	1.69	-0.32
Calmar ratio: Return relative to maximum drawdown	3.63	11.08	-7.45
Martin ratio: Return relative to average drawdown	11.80	42.47	-30.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RZV vs. SOXQ - Sharpe Ratio Comparison

The current RZV Sharpe Ratio is 2.21, which is lower than the SOXQ Sharpe Ratio of 5.11. The chart below compares the historical Sharpe Ratios of RZV 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

	RZV	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	5.11	-2.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.96	-0.69

Drawdowns

RZV vs. SOXQ - Drawdown Comparison

The maximum RZV drawdown since its inception was -77.11%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for RZV and SOXQ.

Drawdown Indicators

	RZV	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-77.11%	-46.01%	-31.10%
Max Drawdown (1Y) Largest decline over 1 year	-12.56%	-15.59%	+3.03%
Max Drawdown (3Y) Largest decline over 3 years	-29.81%	-39.36%	+9.55%
Max Drawdown (5Y) Largest decline over 5 years	-29.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-60.42%	—	—
Current Drawdown Current decline from peak	0.00%	-2.15%	+2.15%
Average Drawdown Average peak-to-trough decline	-13.60%	-12.95%	-0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.85%	4.06%	-0.21%

Volatility

RZV vs. SOXQ - Volatility Comparison

The current volatility for Invesco S&P SmallCap 600® Pure Value ETF (RZV) is 5.27%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 13.55%. This indicates that RZV 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

	RZV	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.27%	13.55%	-8.28%
Volatility (6M) Calculated over the trailing 6-month period	13.71%	26.81%	-13.10%
Volatility (1Y) Calculated over the trailing 1-year period	20.67%	33.80%	-13.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.37%	36.38%	-12.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.03%	36.38%	-9.35%

RZV vs. SOXQ - Expense Ratio Comparison

RZV has a 0.35% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

RZV vs. SOXQ - Dividend Comparison

RZV's dividend yield for the trailing twelve months is around 1.33%, more than SOXQ's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RZV Invesco S&P SmallCap 600® Pure Value ETF	1.33%	1.59%	1.14%	1.13%	1.43%	0.86%	0.63%	1.03%	2.03%	1.02%	0.46%	1.24%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RZV and SOXQ in my portfolio?

RZV and SOXQ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RZV or SOXQ?

SOXQ has higher volatility (13.55%) compared to RZV (5.27%). In terms of maximum drawdown, RZV dropped -77.11% vs SOXQ's -46.01%.

Which ETF is better, RZV or SOXQ?

On 3-year performance, SOXQ leads with 59.09% vs 19.15% for RZV. On fees, SOXQ is cheaper at 0.19% per year. On volatility, RZV has been the lower-risk option at 5.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RZV or SOXQ?

Over the 3-year period, SOXQ has performed better with a 59.09% return vs 19.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RZV or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.35% for RZV.

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

RZV has the higher dividend yield at 1.33%, compared with 0.26% for SOXQ.

What is the main difference between RZV and SOXQ?

RZV is categorized as Small Cap Value Equities, while SOXQ is Semiconductors. RZV tracks S&P Small Cap 600 Pure Value, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.35% for RZV and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (5.11 vs 2.21), 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.