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SOXX vs. CMG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SOXX vs. CMG

Last updated Jun 14, 2026

SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index, while CMG (Chipotle Mexican Grill, Inc.) is a stock. Over the past 10 years, SOXX returned 35.55%/yr vs 15.09%/yr for CMG. At a 0.39 correlation, their price movements are largely independent.

Performance

SOXX vs. CMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Semiconductor ETF (SOXX) and Chipotle Mexican Grill, Inc. (CMG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SOXX achieves a 98.11% return, which is significantly higher than CMG's -12.89% return. Over the past 10 years, SOXX has outperformed CMG with an annualized return of 35.55%, while CMG has yielded a comparatively lower 15.09% annualized return.

SOXX

1D
1.59%
1M
12.49%
YTD
98.11%
6M
99.51%
1Y
171.57%
3Y*
53.00%
5Y*
33.69%
10Y*
35.55%

CMG

1D
3.14%
1M
0.44%
YTD
-12.89%
6M
-10.82%
1Y
-35.85%
3Y*
-7.94%
5Y*
3.35%
10Y*
15.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SOXX vs. CMG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SOXX
iShares Semiconductor ETF		98.11%40.74%12.92%67.12%-35.09%44.09%52.72%62.42%-6.49%39.79%
CMG
Chipotle Mexican Grill, Inc.		-12.89%-38.64%31.83%64.83%-20.64%26.07%65.65%93.87%49.39%-23.40%

Correlation

The correlation between SOXX and CMG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.39

Correlation (10Y)
Calculated over the trailing 10-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2006

0.39

Over the past year, the correlation between SOXX and CMG has dropped to 0.14 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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iShares Semiconductor ETF

Chipotle Mexican Grill, Inc.

Often compared with SOXX:
SOXX vs. SMHSOXX vs. QQQSOXX vs. SOXLSOXX vs. SOXQSOXX vs. FSELXSOXX vs. VGTSOXX vs. VOO
Often compared with CMG:
CMG vs. SBUXCMG vs. SPYCMG vs. DPZCMG vs. YUMCMG vs. WINGCMG vs. AXONCMG vs. COST

Return for Risk

SOXX vs. CMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SOXX
SOXX Risk / Return Rank: 9696
Overall Rank
SOXX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
SOXX Sortino Ratio Rank: 9494
Sortino Ratio Rank
SOXX Omega Ratio Rank: 9494
Omega Ratio Rank
SOXX Calmar Ratio Rank: 9797
Calmar Ratio Rank
SOXX Martin Ratio Rank: 9797
Martin Ratio Rank
CMG
CMG Risk / Return Rank: 1212
Overall Rank
CMG Sharpe Ratio Rank: 66
Sharpe Ratio Rank
CMG Sortino Ratio Rank: 1010
Sortino Ratio Rank
CMG Omega Ratio Rank: 88
Omega Ratio Rank
CMG Calmar Ratio Rank: 1616
Calmar Ratio Rank
CMG Martin Ratio Rank: 2121
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOXX vs. CMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) and Chipotle Mexican Grill, Inc. (CMG). 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.

SOXXCMGDifference
Sharpe ratioReturn per unit of total volatility
4.43
-0.95

+5.39

Sortino ratioReturn per unit of downside risk
4.37
-1.21

+5.59

Omega ratioGain probability vs. loss probability

1.62

0.83

+0.79

Calmar ratioReturn relative to maximum drawdown

10.50

-0.71

+11.21

Martin ratioReturn relative to average drawdown

38.20

-1.04

+39.24

SOXX vs. CMG - Sharpe Ratio Comparison

The current SOXX Sharpe Ratio is 4.43, which is higher than the CMG Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of SOXX and CMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SOXX vs. CMG - Drawdown Comparison

The maximum SOXX drawdown since its inception was -70.21%, smaller than the maximum CMG drawdown of -74.61%. Use the drawdown chart below to compare losses from any high point for SOXX and CMG.

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Drawdown Indicators

SOXXCMGDifference

Max Drawdown

Largest peak-to-trough decline

-70.21%

-74.61%

+4.40%

Max Drawdown (1Y)

Largest decline over 1 year

-15.77%

-51.61%

+35.84%

Max Drawdown (3Y)

Largest decline over 3 years

-41.36%

-58.89%

+17.53%

Max Drawdown (5Y)

Largest decline over 5 years

-45.75%

-58.89%

+13.14%

Max Drawdown (10Y)

Largest decline over 10 years

-45.75%

-58.89%

+13.14%

Current Drawdown

Current decline from peak

-3.16%

-52.98%

+49.82%

Average Drawdown

Average peak-to-trough decline

-19.95%

-21.37%

+1.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.33%

35.40%

-31.07%

Volatility

SOXX vs. CMG - Volatility Comparison

iShares Semiconductor ETF (SOXX) has a higher volatility of 19.42% compared to Chipotle Mexican Grill, Inc. (CMG) at 10.80%. This indicates that SOXX's price experiences larger fluctuations and is considered to be riskier than CMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SOXXCMGDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.42%

10.80%

+8.62%

Volatility (6M)

Calculated over the trailing 6-month period

31.46%

23.87%

+7.59%

Volatility (1Y)

Calculated over the trailing 1-year period

37.35%

38.63%

-1.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.73%

33.60%

+3.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.77%

35.63%

-1.86%

Dividends

SOXX vs. CMG - Dividend Comparison

SOXX's dividend yield for the trailing twelve months is around 0.28%, while CMG has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CMG
Chipotle Mexican Grill, Inc.		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 CMG have a correlation of 0.14, 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 CMG (10.80%). In terms of maximum drawdown, SOXX dropped -70.21% vs CMG's -74.61%.

SOXX currently has the higher Sharpe Ratio (4.43 vs -0.95), 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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