SOXQ vs. CGMS

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco PHLX Semiconductor ETF (SOXQ) and Capital Group U.S. Multi-Sector Income ETF (CGMS).

SOXQ and CGMS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOXQ is a passively managed fund by Invesco that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jun 11, 2021. CGMS is an actively managed fund by Capital Group. It was launched on Oct 25, 2022.

Performance

SOXQ vs. CGMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco PHLX Semiconductor ETF (SOXQ) and Capital Group U.S. Multi-Sector Income ETF (CGMS). The values are adjusted to include any dividend payments, if applicable.

SOXQ vs. CGMS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SOXQ Invesco PHLX Semiconductor ETF	7.17%	43.11%	20.16%	66.74%	8.38%
CGMS Capital Group U.S. Multi-Sector Income ETF	-0.24%	7.52%	7.24%	11.51%	2.61%

Returns By Period

In the year-to-date period, SOXQ achieves a 7.17% return, which is significantly higher than CGMS's -0.24% return.

SOXQ

• 1D: 6.19%
• 1M: -6.26%
• YTD: 7.17%
• 6M: 19.39%
• 1Y: 78.41%
• 3Y*: 33.82%
• 5Y*: —
• 10Y*: —

CGMS

• 1D: 0.78%
• 1M: -1.23%
• YTD: -0.24%
• 6M: 0.95%
• 1Y: 5.78%
• 3Y*: 7.33%
• 5Y*: —
• 10Y*: —

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

SOXQ vs. CGMS - Expense Ratio Comparison

SOXQ has a 0.19% expense ratio, which is lower than CGMS's 0.39% expense ratio.

CGMS

Capital Group U.S. Multi-Sector Income ETF

SOXQ

Invesco PHLX Semiconductor ETF

Return for Risk

SOXQ vs. CGMS — Risk / Return Rank

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

SOXQ

SOXQ Risk / Return Rank: 93
SOXQ Sharpe Ratio Rank: 91
SOXQ Sortino Ratio Rank: 91
SOXQ Omega Ratio Rank: 90
SOXQ Calmar Ratio Rank: 96
SOXQ Martin Ratio Rank: 96

CGMS

CGMS Risk / Return Rank: 72
CGMS Sharpe Ratio Rank: 75
CGMS Sortino Ratio Rank: 74
CGMS Omega Ratio Rank: 74
CGMS Calmar Ratio Rank: 65
CGMS Martin Ratio Rank: 71

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.

SOXQ vs. CGMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco PHLX Semiconductor ETF (SOXQ) and Capital Group U.S. Multi-Sector Income ETF (CGMS). 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.

	SOXQ	CGMS	Difference
Sharpe ratio Return per unit of total volatility	1.97	1.31	+0.66
Sortino ratio Return per unit of downside risk	2.58	1.82	+0.76
Omega ratio Gain probability vs. loss probability	1.37	1.27	+0.10
Calmar ratio Return relative to maximum drawdown	4.47	1.58	+2.89
Martin ratio Return relative to average drawdown	16.40	6.94	+9.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOXQ vs. CGMS - Sharpe Ratio Comparison

The current SOXQ Sharpe Ratio is 1.97, which is higher than the CGMS Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of SOXQ and CGMS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SOXQ	CGMS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	1.31	+0.66
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	1.62	-1.04

Correlation

The correlation between SOXQ and CGMS is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SOXQ vs. CGMS - Dividend Comparison

SOXQ's dividend yield for the trailing twelve months is around 0.47%, less than CGMS's 5.95% yield.

	TTM	2025	2024	2023	2022	2021
SOXQ Invesco PHLX Semiconductor ETF	0.47%	0.50%	0.68%	0.87%	1.36%	0.72%
CGMS Capital Group U.S. Multi-Sector Income ETF	5.95%	6.00%	5.91%	5.84%	0.97%	0.00%

Drawdowns

SOXQ vs. CGMS - Drawdown Comparison

The maximum SOXQ drawdown since its inception was -46.01%, which is greater than CGMS's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for SOXQ and CGMS.

Drawdown Indicators

	SOXQ	CGMS	Difference
Max Drawdown Largest peak-to-trough decline	-46.01%	-4.08%	-41.93%
Max Drawdown (1Y) Largest decline over 1 year	-17.44%	-3.65%	-13.79%
Current Drawdown Current decline from peak	-10.36%	-1.42%	-8.94%
Average Drawdown Average peak-to-trough decline	-13.38%	-0.69%	-12.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.75%	0.83%	+3.92%

Volatility

SOXQ vs. CGMS - Volatility Comparison

Invesco PHLX Semiconductor ETF (SOXQ) has a higher volatility of 13.15% compared to Capital Group U.S. Multi-Sector Income ETF (CGMS) at 1.93%. This indicates that SOXQ's price experiences larger fluctuations and is considered to be riskier than CGMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXQ	CGMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.15%	1.93%	+11.22%
Volatility (6M) Calculated over the trailing 6-month period	26.20%	2.47%	+23.73%
Volatility (1Y) Calculated over the trailing 1-year period	40.06%	4.44%	+35.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.09%	5.19%	+30.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.09%	5.19%	+30.90%