SOXQ vs. SPHD
SOXQ (Invesco PHLX Semiconductor ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 5 years, SOXQ returned 34.04%/yr vs 7.06%/yr for SPHD. At a 0.24 correlation, their price movements are largely independent. SOXQ charges 0.19%/yr vs 0.30%/yr for SPHD.
Performance
SOXQ vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, SOXQ achieves a 90.62% return, which is significantly higher than SPHD's 8.20% return.
SOXQ
- 1D
- -7.82%
- 1M
- 10.55%
- YTD
- 90.62%
- 6M
- 87.99%
- 1Y
- 158.27%
- 3Y*
- 57.61%
- 5Y*
- 34.04%
- 10Y*
- —
SPHD
- 1D
- 1.63%
- 1M
- 0.82%
- YTD
- 8.20%
- 6M
- 8.56%
- 1Y
- 12.09%
- 3Y*
- 12.70%
- 5Y*
- 7.06%
- 10Y*
- 7.55%
SOXQ vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SOXQ Invesco PHLX Semiconductor ETF | 90.62% | 43.11% | 20.16% | 66.74% | -35.59% | 25.19% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 8.20% | 3.41% | 18.08% | 1.32% | 0.58% | 0.44% |
Correlation
The correlation between SOXQ and SPHD is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021 | 0.24 |
The correlation between SOXQ and SPHD shifts across timeframes, from -0.06 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SOXQ vs. SPHD — Risk / Return Rank
SOXQ
SPHD
SOXQ vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco PHLX Semiconductor ETF (SOXQ) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SOXQ | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.18 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 10.22 | 1.66 | +8.56 |
| Martin ratioReturn relative to average drawdown | 36.68 | 4.06 | +32.62 |
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Drawdowns
SOXQ vs. SPHD - Drawdown Comparison
The maximum SOXQ drawdown since its inception was -46.01%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for SOXQ and SPHD.
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Drawdown Indicators
| SOXQ | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.01% | -41.39% | -4.62% |
Max Drawdown (1Y)Largest decline over 1 year | -15.59% | -7.33% | -8.26% |
Max Drawdown (3Y)Largest decline over 3 years | -39.36% | -13.29% | -26.07% |
Max Drawdown (5Y)Largest decline over 5 years | -46.01% | -19.50% | -26.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.39% | — |
Current DrawdownCurrent decline from peak | -7.82% | -1.91% | -5.91% |
Average DrawdownAverage peak-to-trough decline | -12.87% | -4.69% | -8.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 2.98% | +1.35% |
Volatility
SOXQ vs. SPHD - Volatility Comparison
Invesco PHLX Semiconductor ETF (SOXQ) has a higher volatility of 22.04% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.26%. This indicates that SOXQ's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXQ | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.04% | 4.26% | +17.78% |
Volatility (6M)Calculated over the trailing 6-month period | 32.49% | 8.13% | +24.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.78% | 11.48% | +27.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.34% | 14.16% | +23.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.24% | 17.65% | +19.59% |
SOXQ vs. SPHD - Expense Ratio Comparison
SOXQ has a 0.19% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Dividends
SOXQ vs. SPHD - Dividend Comparison
SOXQ's dividend yield for the trailing twelve months is around 0.27%, less than SPHD's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXQ Invesco PHLX Semiconductor ETF | 0.27% | 0.50% | 0.68% | 0.87% | 1.36% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.60% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Frequently Asked Questions
SOXQ and SPHD have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXQ has higher volatility (22.04%) compared to SPHD (4.26%). In terms of maximum drawdown, SOXQ dropped -46.01% vs SPHD's -41.39%.
On 5-year performance, SOXQ leads with 34.04% vs 7.06% for SPHD. On fees, SOXQ is cheaper at 0.19% per year. On volatility, SPHD has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SOXQ has performed better with a 34.04% return vs 7.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXQ is cheaper with a 0.19% expense ratio, compared with 0.30% for SPHD.
SPHD has the higher dividend yield at 4.60%, compared with 0.27% for SOXQ.
SOXQ is categorized as Semiconductors, while SPHD is Dividend. SOXQ tracks PHLX Semiconductor Sector Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.19% for SOXQ and 0.30% for SPHD.
SOXQ currently has the higher Sharpe Ratio (4.11 vs 1.06), 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.
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