SOXQ vs. QQQ
Compare and contrast key facts about Invesco PHLX Semiconductor ETF (SOXQ) and Invesco QQQ (QQQ).
SOXQ and QQQ 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. It was launched on Jun 11, 2021. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both SOXQ and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOXQ or QQQ.
Key characteristics
| SOXQ | QQQ | |
|---|---|---|
| YTD Return | 19.73% | 19.19% |
| 1Y Return | 44.83% | 33.08% |
| 3Y Return (Ann) | 10.94% | 7.58% |
| Sharpe Ratio | 1.40 | 2.01 |
| Sortino Ratio | 1.90 | 2.66 |
| Omega Ratio | 1.25 | 1.36 |
| Calmar Ratio | 1.93 | 2.56 |
| Martin Ratio | 5.29 | 9.32 |
| Ulcer Index | 9.18% | 3.72% |
| Daily Std Dev | 34.64% | 17.23% |
| Max Drawdown | -46.01% | -82.98% |
| Current Drawdown | -15.73% | -3.23% |
Correlation
The correlation between SOXQ and QQQ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SOXQ vs. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with SOXQ having a 19.73% return and QQQ slightly lower at 19.19%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SOXQ vs. QQQ - Expense Ratio Comparison
SOXQ has a 0.00% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SOXQ vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco PHLX Semiconductor ETF (SOXQ) and Invesco QQQ (QQQ). 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.
Dividends
SOXQ vs. QQQ - Dividend Comparison
SOXQ's dividend yield for the trailing twelve months is around 0.70%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXQ Invesco PHLX Semiconductor ETF | 0.70% | 0.87% | 1.36% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
SOXQ vs. QQQ - Drawdown Comparison
The maximum SOXQ drawdown since its inception was -46.01%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SOXQ and QQQ. For additional features, visit the drawdowns tool.
Volatility
SOXQ vs. QQQ - Volatility Comparison
Invesco PHLX Semiconductor ETF (SOXQ) has a higher volatility of 8.94% compared to Invesco QQQ (QQQ) at 4.47%. This indicates that SOXQ's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.