SOXQ vs. QQQM
Compare and contrast key facts about Invesco PHLX Semiconductor ETF (SOXQ) and Invesco NASDAQ 100 ETF (QQQM).
SOXQ and QQQM 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. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both SOXQ and QQQM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SOXQ vs. QQQM - Performance Comparison
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SOXQ vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SOXQ Invesco PHLX Semiconductor ETF | 7.17% | 43.11% | 20.16% | 66.74% | -35.59% | 24.82% |
QQQM Invesco NASDAQ 100 ETF | -5.92% | 20.85% | 25.68% | 55.01% | -32.52% | 17.03% |
Returns By Period
In the year-to-date period, SOXQ achieves a 7.17% return, which is significantly higher than QQQM's -5.92% return.
SOXQ
- 1D
- 6.19%
- 1M
- -6.26%
- YTD
- 7.17%
- 6M
- 19.39%
- 1Y
- 78.41%
- 3Y*
- 33.82%
- 5Y*
- —
- 10Y*
- —
QQQM
- 1D
- 3.37%
- 1M
- -4.84%
- YTD
- -5.92%
- 6M
- -3.59%
- 1Y
- 23.76%
- 3Y*
- 22.41%
- 5Y*
- 12.96%
- 10Y*
- —
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SOXQ vs. QQQM - Expense Ratio Comparison
SOXQ has a 0.19% expense ratio, which is higher than QQQM's 0.15% 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%.
Return for Risk
SOXQ vs. QQQM — Risk / Return Rank
SOXQ
QQQM
SOXQ vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco PHLX Semiconductor ETF (SOXQ) and Invesco NASDAQ 100 ETF (QQQM). 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 | QQQM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 1.06 | +0.90 |
Sortino ratioReturn per unit of downside risk | 2.58 | 1.65 | +0.93 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 4.47 | 1.89 | +2.58 |
Martin ratioReturn relative to average drawdown | 16.40 | 6.96 | +9.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOXQ | QQQM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 1.06 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.63 | -0.05 |
Correlation
The correlation between SOXQ and QQQM is 0.86, 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.
Dividends
SOXQ vs. QQQM - Dividend Comparison
SOXQ's dividend yield for the trailing twelve months is around 0.47%, less than QQQM's 0.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SOXQ Invesco PHLX Semiconductor ETF | 0.47% | 0.50% | 0.68% | 0.87% | 1.36% | 0.72% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.53% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
SOXQ vs. QQQM - Drawdown Comparison
The maximum SOXQ drawdown since its inception was -46.01%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for SOXQ and QQQM.
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Drawdown Indicators
| SOXQ | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.01% | -35.04% | -10.97% |
Max Drawdown (1Y)Largest decline over 1 year | -17.44% | -12.55% | -4.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.04% | — |
Current DrawdownCurrent decline from peak | -10.36% | -8.99% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -13.38% | -8.47% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 3.41% | +1.34% |
Volatility
SOXQ vs. QQQM - Volatility Comparison
Invesco PHLX Semiconductor ETF (SOXQ) has a higher volatility of 13.15% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.48%. This indicates that SOXQ's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXQ | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.15% | 6.48% | +6.67% |
Volatility (6M)Calculated over the trailing 6-month period | 26.20% | 12.73% | +13.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.06% | 22.42% | +17.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.09% | 22.25% | +13.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.09% | 22.27% | +13.82% |