SEMI.AS vs. SOXX

Last updated Jun 4, 2026

SEMI.AS (iShares MSCI Global Semiconductors UCITS ETF USD Acc) and SOXX (iShares Semiconductor ETF) are both Semiconductors funds from iShares - SEMI.AS tracks the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index while SOXX tracks the NYSE Semiconductor Index. Both are passively managed. Over the past 3 years, SEMI.AS returned 61.88%/yr vs 57.39%/yr for SOXX. A 0.68 correlation means they provide meaningful diversification when combined. SEMI.AS charges 0.35%/yr vs 0.34%/yr for SOXX.

Performance

SEMI.AS vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SEMI.AS having a 102.20% return and SOXX slightly higher at 104.57%.

SEMI.AS

• 1D: 1.73%
• 1M: 31.94%
• YTD: 102.20%
• 6M: 105.92%
• 1Y: 210.36%
• 3Y*: 61.88%
• 5Y*: —
• 10Y*: —

SOXX

• 1D: 1.76%
• 1M: 33.25%
• YTD: 104.57%
• 6M: 99.43%
• 1Y: 190.05%
• 3Y*: 57.39%
• 5Y*: 34.50%
• 10Y*: 35.79%

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

SEMI.AS vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc	102.20%	53.14%	15.06%	65.69%	-35.80%	14.84%
SOXX iShares Semiconductor ETF	104.57%	40.74%	12.92%	67.12%	-35.09%	16.36%

Correlation

The correlation between SEMI.AS and SOXX 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 (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021	0.68

The correlation between SEMI.AS and SOXX shifts across timeframes, from 0.68 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SEMI.AS vs. SOXX — Risk / Return Rank

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

SEMI.AS

SEMI.AS Risk / Return Rank: 97
SEMI.AS Sharpe Ratio Rank: 98
SEMI.AS Sortino Ratio Rank: 97
SEMI.AS Omega Ratio Rank: 96
SEMI.AS Calmar Ratio Rank: 98
SEMI.AS Martin Ratio Rank: 97

SOXX

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

SEMI.AS vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) and iShares Semiconductor ETF (SOXX). 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.

	SEMI.AS	SOXX	Difference
Sharpe ratio: Return per unit of total volatility	6.36	5.61	+0.76
Sortino ratio: Return per unit of downside risk	6.25	5.36	+0.89
Omega ratio: Gain probability vs. loss probability	1.80	1.74	+0.06
Calmar ratio: Return relative to maximum drawdown	14.16	12.13	+2.02
Martin ratio: Return relative to average drawdown	52.55	46.43	+6.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEMI.AS vs. SOXX - Sharpe Ratio Comparison

The current SEMI.AS Sharpe Ratio is 6.36, which is comparable to the SOXX Sharpe Ratio of 5.61. The chart below compares the historical Sharpe Ratios of SEMI.AS and SOXX, 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

	SEMI.AS	SOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.36	5.61	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.45	+0.66

Drawdowns

SEMI.AS vs. SOXX - Drawdown Comparison

The maximum SEMI.AS drawdown since its inception was -45.27%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for SEMI.AS and SOXX.

Drawdown Indicators

	SEMI.AS	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-45.27%	-70.21%	+24.94%
Max Drawdown (1Y) Largest decline over 1 year	-14.57%	-15.77%	+1.20%
Max Drawdown (3Y) Largest decline over 3 years	-38.23%	-41.36%	+3.13%
Max Drawdown (5Y) Largest decline over 5 years	—	-45.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.75%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.40%	-19.97%	+6.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	4.11%	-0.16%

Volatility

SEMI.AS vs. SOXX - Volatility Comparison

The current volatility for iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) is 13.09%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.03%. This indicates that SEMI.AS experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEMI.AS	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.09%	14.03%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	25.64%	27.35%	-1.71%
Volatility (1Y) Calculated over the trailing 1-year period	32.47%	34.18%	-1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.59%	36.11%	-4.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.59%	33.43%	-1.84%

SEMI.AS vs. SOXX - Expense Ratio Comparison

SEMI.AS has a 0.35% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

SEMI.AS vs. SOXX - Dividend Comparison

SEMI.AS has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXX iShares Semiconductor ETF	0.27%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%

Frequently Asked Questions

Can I hold both SEMI.AS and SOXX in my portfolio?

SEMI.AS and SOXX 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 ETF is better, SEMI.AS or SOXX?

On fees, SOXX is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SEMI.AS or SOXX?

SOXX is cheaper with a 0.34% expense ratio, compared with 0.35% for SEMI.AS.

What is the main difference between SEMI.AS and SOXX?

SEMI.AS tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.35% for SEMI.AS and 0.34% for SOXX.