SOXX vs. EMC
SOXX (iShares Semiconductor ETF) and EMC (Global X Emerging Markets Great Consumer ETF) are both exchange-traded funds - SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index, while EMC is a Emerging Markets Diversified fund actively managed by Global X. SOXX is passively managed, while EMC is actively managed. Over the past 3 years, SOXX returned 53.00%/yr vs 15.25%/yr for EMC. A 0.66 correlation means they provide meaningful diversification when combined. SOXX charges 0.34%/yr vs 0.75%/yr for EMC.
Performance
SOXX vs. EMC - 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 EMC's 22.09% 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%
EMC
- 1D
- 0.43%
- 1M
- 1.31%
- YTD
- 22.09%
- 6M
- 24.45%
- 1Y
- 34.55%
- 3Y*
- 15.25%
- 5Y*
- —
- 10Y*
- —
SOXX vs. EMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SOXX iShares Semiconductor ETF | 98.11% | 40.74% | 12.92% | 41.26% |
EMC Global X Emerging Markets Great Consumer ETF | 22.09% | 18.91% | 3.75% | 1.62% |
Correlation
The correlation between SOXX and EMC is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 15, 2023 | 0.66 |
The correlation between SOXX and EMC has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
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Return for Risk
SOXX vs. EMC — Risk / Return Rank
SOXX
EMC
SOXX vs. EMC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) and Global X Emerging Markets Great Consumer ETF (EMC). 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 | EMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.28 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 10.50 | 2.32 | +8.18 |
| Martin ratioReturn relative to average drawdown | 38.20 | 8.27 | +29.94 |
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Drawdowns
SOXX vs. EMC - Drawdown Comparison
The maximum SOXX drawdown since its inception was -70.21%, which is greater than EMC's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for SOXX and EMC.
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Drawdown Indicators
| SOXX | EMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.21% | -18.38% | -51.83% |
Max Drawdown (1Y)Largest decline over 1 year | -15.77% | -13.89% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -41.36% | -18.38% | -22.98% |
Max Drawdown (5Y)Largest decline over 5 years | -45.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.75% | — | — |
Current DrawdownCurrent decline from peak | -3.16% | -4.11% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -19.95% | -4.12% | -15.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 3.89% | +0.44% |
Volatility
SOXX vs. EMC - Volatility Comparison
iShares Semiconductor ETF (SOXX) has a higher volatility of 19.42% compared to Global X Emerging Markets Great Consumer ETF (EMC) at 10.45%. This indicates that SOXX's price experiences larger fluctuations and is considered to be riskier than EMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXX | EMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 10.45% | +8.97% |
Volatility (6M)Calculated over the trailing 6-month period | 31.46% | 19.85% | +11.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.35% | 22.04% | +15.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.73% | 18.97% | +17.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.77% | 18.97% | +14.80% |
SOXX vs. EMC - Expense Ratio Comparison
SOXX has a 0.34% expense ratio, which is lower than EMC's 0.75% expense ratio.
Dividends
SOXX vs. EMC - Dividend Comparison
SOXX's dividend yield for the trailing twelve months is around 0.28%, less than EMC's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMC Global X Emerging Markets Great Consumer ETF | 0.64% | 0.78% | 1.13% | 0.89% | 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 EMC have a correlation of 0.72, 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 EMC (10.45%). In terms of maximum drawdown, SOXX dropped -70.21% vs EMC's -18.38%.
On 3-year performance, SOXX leads with 53.00% vs 15.25% for EMC. On fees, SOXX is cheaper at 0.34% per year. On volatility, EMC has been the lower-risk option at 10.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SOXX has performed better with a 53.00% return vs 15.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXX is cheaper with a 0.34% expense ratio, compared with 0.75% for EMC.
EMC has the higher dividend yield at 0.64%, compared with 0.28% for SOXX.
SOXX is categorized as Semiconductors, while EMC is Emerging Markets Diversified. They also come from different issuers: iShares and Global X. Their fees differ too: 0.34% for SOXX and 0.75% for EMC.
SOXX currently has the higher Sharpe Ratio (4.43 vs 1.46), 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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