SOXX vs. ETH-USD
SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, SOXX returned 35.55%/yr vs 56.61%/yr for ETH-USD. At a 0.17 correlation, their price movements are largely independent.
Performance
SOXX vs. ETH-USD - 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 ETH-USD's -43.80% return. Over the past 10 years, SOXX has underperformed ETH-USD with an annualized return of 35.55%, while ETH-USD has yielded a comparatively higher 56.61% annualized return.
SOXX
- 1D
- 1.59%
- 1M
- 12.86%
- YTD
- 98.11%
- 6M
- 99.51%
- 1Y
- 164.50%
- 3Y*
- 53.00%
- 5Y*
- 33.69%
- 10Y*
- 35.55%
ETH-USD
- 1D
- -0.28%
- 1M
- -26.16%
- YTD
- -43.80%
- 6M
- -45.95%
- 1Y
- -36.94%
- 3Y*
- -1.40%
- 5Y*
- -7.86%
- 10Y*
- 56.61%
SOXX vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXX iShares Semiconductor ETF | 98.11% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
ETH-USD Ethereum | -43.80% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
Correlation
The correlation between SOXX and ETH-USD is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.17 |
Over the past year, SOXX and ETH-USD have become more correlated (0.37) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
SOXX vs. ETH-USD — Risk / Return Rank
SOXX
ETH-USD
SOXX vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) and Ethereum (ETH-USD). 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 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.98 | ||
| Sortino ratioReturn per unit of downside risk | +4.87 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 0.95 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 10.50 | -0.55 | +11.05 |
| Martin ratioReturn relative to average drawdown | 38.20 | -0.94 | +39.15 |
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Drawdowns
SOXX vs. ETH-USD - Drawdown Comparison
The maximum SOXX drawdown since its inception was -70.21%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for SOXX and ETH-USD.
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Drawdown Indicators
| SOXX | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.21% | -94.01% | +23.80% |
Max Drawdown (1Y)Largest decline over 1 year | -15.77% | -67.53% | +51.76% |
Max Drawdown (3Y)Largest decline over 3 years | -41.36% | -67.53% | +26.17% |
Max Drawdown (5Y)Largest decline over 5 years | -45.75% | -79.35% | +33.60% |
Max Drawdown (10Y)Largest decline over 10 years | -45.75% | -94.01% | +48.26% |
Current DrawdownCurrent decline from peak | -3.16% | -65.49% | +62.33% |
Average DrawdownAverage peak-to-trough decline | -19.95% | -50.89% | +30.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 45.31% | -40.98% |
Volatility
SOXX vs. ETH-USD - Volatility Comparison
iShares Semiconductor ETF (SOXX) has a higher volatility of 19.42% compared to Ethereum (ETH-USD) at 17.22%. This indicates that SOXX's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXX | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 17.22% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 31.46% | 46.29% | -14.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.35% | 56.20% | -18.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.73% | 59.59% | -22.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.77% | 77.89% | -44.12% |
Frequently Asked Questions
SOXX and ETH-USD have a correlation of 0.37, 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 ETH-USD (17.22%). In terms of maximum drawdown, SOXX dropped -70.21% vs ETH-USD's -94.01%.
SOXX currently has the higher Sharpe Ratio (4.43 vs -0.55), 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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