SOXQ vs. SOXX
Compare and contrast key facts about Invesco PHLX Semiconductor ETF (SOXQ) and iShares PHLX Semiconductor ETF (SOXX).
SOXQ and SOXX 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. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both SOXQ and SOXX 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 SOXX.
Key characteristics
| SOXQ | SOXX | |
|---|---|---|
| YTD Return | 19.63% | 18.98% |
| 1Y Return | 55.87% | 57.24% |
| Sharpe Ratio | 2.10 | 2.17 |
| Daily Std Dev | 28.89% | 28.62% |
| Max Drawdown | -46.01% | -69.65% |
| Current Drawdown | -3.43% | -3.90% |
Correlation
The correlation between SOXQ and SOXX is 0.99, 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. SOXX - Performance Comparison
The year-to-date returns for both stocks are quite close, with SOXQ having a 19.63% return and SOXX slightly lower at 18.98%. 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. SOXX - Expense Ratio Comparison
SOXQ has a 0.00% expense ratio, which is lower than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
SOXQ vs. SOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco PHLX Semiconductor ETF (SOXQ) and iShares PHLX Semiconductor ETF (SOXX). 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. SOXX - Dividend Comparison
SOXQ's dividend yield for the trailing twelve months is around 0.71%, less than SOXX's 1.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXQ Invesco PHLX Semiconductor ETF | 0.71% | 0.87% | 1.36% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares PHLX Semiconductor ETF | 1.61% | 2.35% | 3.76% | 1.91% | 2.43% | 3.70% | 4.11% | 2.70% | 3.23% | 3.86% | 4.69% | 3.55% |
Drawdowns
SOXQ vs. SOXX - Drawdown Comparison
The maximum SOXQ drawdown since its inception was -46.01%, smaller than the maximum SOXX drawdown of -69.65%. Use the drawdown chart below to compare losses from any high point for SOXQ and SOXX. For additional features, visit the drawdowns tool.
Volatility
SOXQ vs. SOXX - Volatility Comparison
Invesco PHLX Semiconductor ETF (SOXQ) and iShares PHLX Semiconductor ETF (SOXX) have volatilities of 8.98% and 8.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.