SOXQ vs. IBIC

Last updated Jun 4, 2026

SOXQ (Invesco PHLX Semiconductor ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, SOXQ returned 181.76% vs 4.54% for IBIC. At a correlation of -0.08, they often move in opposite directions. SOXQ charges 0.19%/yr vs 0.10%/yr for IBIC.

Performance

SOXQ vs. IBIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco PHLX Semiconductor ETF (SOXQ) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOXQ achieves a 96.72% return, which is significantly higher than IBIC's 2.37% return.

SOXQ

• 1D: 1.42%
• 1M: 32.12%
• YTD: 96.72%
• 6M: 91.61%
• 1Y: 181.76%
• 3Y*: 59.40%
• 5Y*: —
• 10Y*: —

IBIC

• 1D: 0.02%
• 1M: 0.27%
• YTD: 2.37%
• 6M: 2.51%
• 1Y: 4.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOXQ vs. IBIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SOXQ Invesco PHLX Semiconductor ETF	96.72%	43.11%	20.16%	20.36%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	2.37%	4.96%	5.25%	2.17%

Correlation

The correlation between SOXQ and IBIC is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.19
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023	-0.08

The correlation between SOXQ and IBIC shifts across timeframes, from -0.19 (1 year) to -0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SOXQ vs. IBIC — Risk / Return Rank

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

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
SOXQ Omega Ratio Rank: 95
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 97

IBIC

IBIC Risk / Return Rank: 98
IBIC Sharpe Ratio Rank: 97
IBIC Sortino Ratio Rank: 98
IBIC Omega Ratio Rank: 98
IBIC Calmar Ratio Rank: 98
IBIC Martin Ratio Rank: 98

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. IBIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco PHLX Semiconductor ETF (SOXQ) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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	IBIC	Difference
Sharpe ratio Return per unit of total volatility	5.43	5.05	+0.38
Sortino ratio Return per unit of downside risk	5.22	9.12	-3.90
Omega ratio Gain probability vs. loss probability	1.72	2.24	-0.52
Calmar ratio Return relative to maximum drawdown	11.73	17.27	-5.54
Martin ratio Return relative to average drawdown	45.01	67.45	-22.44
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. IBIC - Sharpe Ratio Comparison

The current SOXQ Sharpe Ratio is 5.43, which is comparable to the IBIC Sharpe Ratio of 5.05. The chart below compares the historical Sharpe Ratios of SOXQ and IBIC, 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

	SOXQ	IBIC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.43	5.05	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	3.49	-2.51

Drawdowns

SOXQ vs. IBIC - Drawdown Comparison

The maximum SOXQ drawdown since its inception was -46.01%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for SOXQ and IBIC.

Drawdown Indicators

	SOXQ	IBIC	Difference
Max Drawdown Largest peak-to-trough decline	-46.01%	-0.90%	-45.11%
Max Drawdown (1Y) Largest decline over 1 year	-15.59%	-0.26%	-15.33%
Max Drawdown (3Y) Largest decline over 3 years	-39.36%	—	—
Current Drawdown Current decline from peak	0.00%	-0.13%	+0.13%
Average Drawdown Average peak-to-trough decline	-12.96%	-0.10%	-12.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	0.07%	+3.99%

Volatility

SOXQ vs. IBIC - Volatility Comparison

Invesco PHLX Semiconductor ETF (SOXQ) has a higher volatility of 13.44% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.33%. This indicates that SOXQ's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXQ	IBIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.44%	0.33%	+13.11%
Volatility (6M) Calculated over the trailing 6-month period	26.70%	0.67%	+26.03%
Volatility (1Y) Calculated over the trailing 1-year period	33.78%	0.90%	+32.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.38%	1.58%	+34.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.38%	1.58%	+34.80%

SOXQ vs. IBIC - Expense Ratio Comparison

SOXQ has a 0.19% expense ratio, which is higher than IBIC's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SOXQ vs. IBIC - Dividend Comparison

SOXQ's dividend yield for the trailing twelve months is around 0.26%, less than IBIC's 3.59% yield.

Position	TTM	2025	2024	2023	2022	2021
IBIC iShares iBonds Oct 2026 Term TIPS ETF	3.59%	4.43%	4.65%	0.83%	0.00%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both SOXQ and IBIC in my portfolio?

SOXQ and IBIC have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOXQ or IBIC?

SOXQ has higher volatility (13.44%) compared to IBIC (0.33%). In terms of maximum drawdown, SOXQ dropped -46.01% vs IBIC's -0.90%.

Which ETF is better, SOXQ or IBIC?

On 1-year performance, SOXQ leads with 181.76% vs 4.54% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXQ or IBIC?

Over the 1-year period, SOXQ has performed better with a 181.76% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXQ or IBIC?

IBIC is cheaper with a 0.10% expense ratio, compared with 0.19% for SOXQ.

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

IBIC has the higher dividend yield at 3.59%, compared with 0.26% for SOXQ.

What is the main difference between SOXQ and IBIC?

SOXQ is categorized as Semiconductors, while IBIC is Inflation-Protected Bonds. SOXQ tracks PHLX Semiconductor Sector Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for SOXQ and 0.10% for IBIC.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (5.43 vs 5.05), 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.