SOXX vs. AAAU
SOXX (iShares Semiconductor ETF) and AAAU (Goldman Sachs Physical Gold ETF) are both exchange-traded funds - SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index, while AAAU is a Gold fund tracking the LBMA Gold PM Price. Both are passively managed. Over the past 5 years, SOXX returned 33.69%/yr vs 17.33%/yr for AAAU. At a 0.08 correlation, their price movements are largely independent. SOXX charges 0.34%/yr vs 0.18%/yr for AAAU.
Performance
SOXX vs. AAAU - Performance Comparison
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Returns By Period
In the year-to-date period, SOXX achieves a 98.11% return, which is significantly higher than AAAU's -2.40% return.
SOXX
- 1D
- 1.59%
- 1M
- 17.25%
- YTD
- 98.11%
- 6M
- 99.51%
- 1Y
- 171.57%
- 3Y*
- 53.00%
- 5Y*
- 33.69%
- 10Y*
- 35.55%
AAAU
- 1D
- 0.12%
- 1M
- -7.36%
- YTD
- -2.40%
- 6M
- -2.14%
- 1Y
- 22.47%
- 3Y*
- 29.19%
- 5Y*
- 17.33%
- 10Y*
- —
SOXX vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SOXX iShares Semiconductor ETF | 98.11% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -14.09% |
AAAU Goldman Sachs Physical Gold ETF | -2.40% | 64.06% | 26.91% | 12.96% | -0.50% | -4.01% | 25.02% | 18.17% | 8.28% |
Correlation
The correlation between SOXX and AAAU is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2018 | 0.08 |
The correlation between SOXX and AAAU shifts across timeframes, from 0.08 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SOXX vs. AAAU — Risk / Return Rank
SOXX
AAAU
SOXX vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) and Goldman Sachs Physical Gold ETF (AAAU). 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.
| SOXX | AAAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.19 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 10.50 | 0.99 | +9.51 |
| Martin ratioReturn relative to average drawdown | 38.20 | 2.86 | +35.34 |
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Drawdowns
SOXX vs. AAAU - Drawdown Comparison
The maximum SOXX drawdown since its inception was -70.21%, which is greater than AAAU's maximum drawdown of -24.38%. Use the drawdown chart below to compare losses from any high point for SOXX and AAAU.
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Drawdown Indicators
| SOXX | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.21% | -24.38% | -45.83% |
Max Drawdown (1Y)Largest decline over 1 year | -15.77% | -24.38% | +8.61% |
Max Drawdown (3Y)Largest decline over 3 years | -41.36% | -24.38% | -16.98% |
Max Drawdown (5Y)Largest decline over 5 years | -45.75% | -24.38% | -21.37% |
Max Drawdown (10Y)Largest decline over 10 years | -45.75% | — | — |
Current DrawdownCurrent decline from peak | -3.16% | -21.95% | +18.79% |
Average DrawdownAverage peak-to-trough decline | -19.95% | -6.23% | -13.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 8.44% | -4.11% |
Volatility
SOXX vs. AAAU - Volatility Comparison
iShares Semiconductor ETF (SOXX) has a higher volatility of 19.42% compared to Goldman Sachs Physical Gold ETF (AAAU) at 7.77%. This indicates that SOXX's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXX | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 7.77% | +11.65% |
Volatility (6M)Calculated over the trailing 6-month period | 31.46% | 23.88% | +7.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.35% | 27.10% | +10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.73% | 18.06% | +18.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.77% | 17.13% | +16.64% |
SOXX vs. AAAU - Expense Ratio Comparison
SOXX has a 0.34% expense ratio, which is higher than AAAU's 0.18% expense ratio.
Dividends
SOXX vs. AAAU - Dividend Comparison
SOXX's dividend yield for the trailing twelve months is around 0.28%, while AAAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAU Goldman Sachs Physical Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares Semiconductor ETF | 0.28% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
SOXX and AAAU have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (19.42%) compared to AAAU (7.77%). In terms of maximum drawdown, SOXX dropped -70.21% vs AAAU's -24.38%.
On 5-year performance, SOXX leads with 33.69% vs 17.33% for AAAU. On fees, AAAU is cheaper at 0.18% per year. On volatility, AAAU has been the lower-risk option at 7.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SOXX has performed better with a 33.69% return vs 17.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AAAU is cheaper with a 0.18% expense ratio, compared with 0.34% for SOXX.
SOXX has the higher dividend yield at 0.28%, compared with 0.00% for AAAU.
SOXX is categorized as Semiconductors, while AAAU is Gold. SOXX tracks NYSE Semiconductor Index, while AAAU tracks LBMA Gold PM Price. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.34% for SOXX and 0.18% for AAAU.
SOXX currently has the higher Sharpe Ratio (4.43 vs 0.89), 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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