SHOC vs. SOXQ

Last updated Jun 23, 2026

SHOC (Strive U.S. Semiconductor ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both Semiconductors funds - SHOC tracks the Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross while SOXQ tracks the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 3 years, SHOC returned 56.12%/yr vs 61.94%/yr for SOXQ. With a 0.98 correlation, they move nearly in lockstep. SHOC charges 0.40%/yr vs 0.19%/yr for SOXQ.

Performance

SHOC vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Semiconductor ETF (SHOC) 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, SHOC achieves a 81.69% return, which is significantly lower than SOXQ's 106.78% return.

SHOC

• 1D: 1.74%
• 1M: 15.76%
• YTD: 81.69%
• 6M: 81.47%
• 1Y: 152.44%
• 3Y*: 56.12%
• 5Y*: —
• 10Y*: —

SOXQ

• 1D: 2.14%
• 1M: 19.93%
• YTD: 106.78%
• 6M: 105.09%
• 1Y: 181.98%
• 3Y*: 61.94%
• 5Y*: 36.75%
• 10Y*: —

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

SHOC vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SHOC Strive U.S. Semiconductor ETF	81.69%	49.91%	16.74%	61.97%	-1.79%
SOXQ Invesco PHLX Semiconductor ETF	106.78%	43.11%	20.16%	66.74%	0.47%

Correlation

The correlation between SHOC and SOXQ is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022	0.98

The correlation between SHOC and SOXQ has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

SHOC vs. SOXQ - Sectors Allocation Comparison

Sectors	SHOC	SOXQ
Technology	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

SHOC vs. SOXQ — Risk / Return Rank

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

SHOC

SHOC Risk / Return Rank: 95
SHOC Sharpe Ratio Rank: 97
SHOC Sortino Ratio Rank: 93
SHOC Omega Ratio Rank: 93
SHOC Calmar Ratio Rank: 97
SHOC Martin Ratio Rank: 96

SOXQ

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

SHOC vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) 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.

	SHOC	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	4.40	4.83	-0.43
Sortino ratio: Return per unit of downside risk	4.38	4.58	-0.20
Omega ratio: Gain probability vs. loss probability	1.61	1.65	-0.05
Calmar ratio: Return relative to maximum drawdown	10.51	11.75	-1.24
Martin ratio: Return relative to average drawdown	37.16	42.46	-5.29

SHOC vs. SOXQ - Sharpe Ratio Comparison

The current SHOC Sharpe Ratio is 4.40, which is comparable to the SOXQ Sharpe Ratio of 4.83. The chart below compares the historical Sharpe Ratios of SHOC 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

SHOC vs. SOXQ - Drawdown Comparison

The maximum SHOC drawdown since its inception was -37.54%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for SHOC and SOXQ.

Drawdown Indicators

	SHOC	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-37.54%	-46.01%	+8.47%
Max Drawdown (1Y) Largest decline over 1 year	-14.59%	-15.59%	+1.00%
Max Drawdown (3Y) Largest decline over 3 years	-37.54%	-39.36%	+1.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-46.01%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.44%	-12.87%	+5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	4.31%	-0.19%

Volatility

SHOC vs. SOXQ - Volatility Comparison

The current volatility for Strive U.S. Semiconductor ETF (SHOC) is 17.00%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 20.05%. This indicates that SHOC 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

	SHOC	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.00%	20.05%	-3.05%
Volatility (6M) Calculated over the trailing 6-month period	28.12%	31.34%	-3.22%
Volatility (1Y) Calculated over the trailing 1-year period	34.93%	37.96%	-3.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.86%	37.17%	-1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.86%	37.08%	-1.22%

SHOC vs. SOXQ - Expense Ratio Comparison

SHOC has a 0.40% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

SHOC vs. SOXQ - Dividend Comparison

SHOC's dividend yield for the trailing twelve months is around 0.13%, less than SOXQ's 0.31% yield.

Position	TTM	2025	2024	2023	2022	2021
SHOC Strive U.S. Semiconductor ETF	0.13%	0.23%	0.35%	0.65%	0.24%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.25%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both SHOC and SOXQ in my portfolio?

With a correlation of 0.97, SHOC and SOXQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SHOC or SOXQ?

SOXQ has higher volatility (20.05%) compared to SHOC (17.00%). In terms of maximum drawdown, SHOC dropped -37.54% vs SOXQ's -46.01%.

Which ETF is better, SHOC or SOXQ?

On 3-year performance, SOXQ leads with 61.94% vs 56.12% for SHOC. On fees, SOXQ is cheaper at 0.19% per year. On volatility, SHOC has been the lower-risk option at 17.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHOC or SOXQ?

Over the 3-year period, SOXQ has performed better with a 61.94% return vs 56.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHOC or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.40% for SHOC.

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

SOXQ has the higher dividend yield at 0.31%, compared with 0.13% for SHOC.

What is the main difference between SHOC and SOXQ?

SHOC tracks Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross, while SOXQ tracks PHLX Semiconductor Sector Index. They also come from different issuers: Strive and Invesco. Their fees differ too: 0.40% for SHOC and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (4.83 vs 4.40), 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.