SHOC vs. XSD

Last updated Jun 4, 2026

SHOC (Strive U.S. Semiconductor ETF) and XSD (SPDR S&P Semiconductor ETF) are both Semiconductors funds - SHOC tracks the Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross while XSD tracks the S&P Semiconductor Select Industry. Both are passively managed. Over the past 3 years, SHOC returned 53.55%/yr vs 46.41%/yr for XSD. Their correlation of 0.89 suggests significant overlap in exposure. SHOC charges 0.40%/yr vs 0.35%/yr for XSD.

Performance

SHOC vs. XSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Semiconductor ETF (SHOC) and SPDR S&P Semiconductor ETF (XSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHOC achieves a 73.38% return, which is significantly lower than XSD's 102.14% return.

SHOC

• 1D: 0.94%
• 1M: 25.12%
• YTD: 73.38%
• 6M: 70.44%
• 1Y: 149.45%
• 3Y*: 53.55%
• 5Y*: —
• 10Y*: —

XSD

• 1D: 1.51%
• 1M: 30.91%
• YTD: 102.14%
• 6M: 92.84%
• 1Y: 180.25%
• 3Y*: 46.41%
• 5Y*: 29.69%
• 10Y*: 31.10%

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

SHOC vs. XSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SHOC Strive U.S. Semiconductor ETF	73.38%	49.91%	16.74%	61.97%	-1.17%
XSD SPDR S&P Semiconductor ETF	102.14%	29.85%	10.75%	34.87%	1.46%

Correlation

The correlation between SHOC and XSD is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022	0.89

The correlation between SHOC and XSD has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

SHOC vs. XSD - Sectors Allocation Comparison

Sectors	SHOC	XSD
Technology	100.0%	97.8%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	2.2%
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

SHOC vs. XSD — 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: 94
SHOC Omega Ratio Rank: 93
SHOC Calmar Ratio Rank: 97
SHOC Martin Ratio Rank: 96

XSD

XSD Risk / Return Rank: 95
XSD Sharpe Ratio Rank: 97
XSD Sortino Ratio Rank: 94
XSD Omega Ratio Rank: 93
XSD Calmar Ratio Rank: 96
XSD 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.

SHOC vs. XSD - Risk-Adjusted Trends Comparison

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

	SHOC	XSD	Difference
Sharpe ratio: Return per unit of total volatility	4.78	5.00	-0.22
Sortino ratio: Return per unit of downside risk	4.84	5.03	-0.19
Omega ratio: Gain probability vs. loss probability	1.66	1.65	+0.01
Calmar ratio: Return relative to maximum drawdown	10.30	9.75	+0.55
Martin ratio: Return relative to average drawdown	38.30	33.91	+4.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHOC vs. XSD - Sharpe Ratio Comparison

The current SHOC Sharpe Ratio is 4.78, which is comparable to the XSD Sharpe Ratio of 5.00. The chart below compares the historical Sharpe Ratios of SHOC and XSD, 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

	SHOC	XSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.78	5.00	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	0.44	+1.11

Drawdowns

SHOC vs. XSD - Drawdown Comparison

The maximum SHOC drawdown since its inception was -37.54%, smaller than the maximum XSD drawdown of -64.56%. Use the drawdown chart below to compare losses from any high point for SHOC and XSD.

Drawdown Indicators

	SHOC	XSD	Difference
Max Drawdown Largest peak-to-trough decline	-37.54%	-64.56%	+27.02%
Max Drawdown (1Y) Largest decline over 1 year	-14.59%	-18.61%	+4.02%
Max Drawdown (3Y) Largest decline over 3 years	-37.54%	-41.25%	+3.71%
Max Drawdown (5Y) Largest decline over 5 years	—	-42.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.27%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.47%	-13.74%	+6.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.92%	5.34%	-1.42%

Volatility

SHOC vs. XSD - Volatility Comparison

The current volatility for Strive U.S. Semiconductor ETF (SHOC) is 11.47%, while SPDR S&P Semiconductor ETF (XSD) has a volatility of 14.94%. This indicates that SHOC experiences smaller price fluctuations and is considered to be less risky than XSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHOC	XSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.47%	14.94%	-3.47%
Volatility (6M) Calculated over the trailing 6-month period	24.61%	27.89%	-3.28%
Volatility (1Y) Calculated over the trailing 1-year period	31.53%	36.39%	-4.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.16%	38.25%	-3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.16%	34.96%	+0.20%

SHOC vs. XSD - Expense Ratio Comparison

SHOC has a 0.40% expense ratio, which is higher than XSD's 0.35% expense ratio.

Dividends

SHOC vs. XSD - Dividend Comparison

SHOC's dividend yield for the trailing twelve months is around 0.14%, more than XSD's 0.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SHOC Strive U.S. Semiconductor ETF	0.14%	0.23%	0.35%	0.65%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XSD SPDR S&P Semiconductor ETF	0.12%	0.26%	0.20%	0.31%	0.44%	0.10%	0.26%	0.51%	1.16%	0.59%	0.64%	0.58%

Frequently Asked Questions

Can I hold both SHOC and XSD in my portfolio?

SHOC and XSD have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHOC or XSD?

XSD has higher volatility (14.94%) compared to SHOC (11.47%). In terms of maximum drawdown, SHOC dropped -37.54% vs XSD's -64.56%.

Which ETF is better, SHOC or XSD?

On 3-year performance, SHOC leads with 53.55% vs 46.41% for XSD. On fees, XSD is cheaper at 0.35% per year. On volatility, SHOC has been the lower-risk option at 11.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHOC or XSD?

Over the 3-year period, SHOC has performed better with a 53.55% return vs 46.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHOC or XSD?

XSD is cheaper with a 0.35% expense ratio, compared with 0.40% for SHOC.

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

SHOC has the higher dividend yield at 0.14%, compared with 0.12% for XSD.

What is the main difference between SHOC and XSD?

SHOC tracks Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross, while XSD tracks S&P Semiconductor Select Industry. They also come from different issuers: Strive and State Street. Their fees differ too: 0.40% for SHOC and 0.35% for XSD.

Which has better risk-adjusted returns?

XSD currently has the higher Sharpe Ratio (5.00 vs 4.78), 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.