SOXX vs. IBIT

Last updated Aug 5, 2026

SOXX (iShares Semiconductor ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, SOXX returned 126.60% vs -44.19% for IBIT. Their 0.36 correlation means their historical movements had little consistent relationship. SOXX charges 0.34%/yr vs 0.25%/yr for IBIT.

Performance

SOXX vs. IBIT - Performance Comparison

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

Returns By Period

In the year-to-date period, SOXX achieves a 80.24% return, which is significantly higher than IBIT's -26.71% return.

SOXX

• 1D: 6.80%
• 1M: -4.26%
• 6M: 57.04%
• YTD: 80.24%
• 1Y: 126.60%
• 3Y*: 47.89%
• 5Y*: 29.31%
• 10Y*: 32.83%
• ALL TIME*: 14.15%

IBIT

• 1D: 0.64%
• 1M: 4.36%
• 6M: -15.96%
• YTD: -26.71%
• 1Y: -44.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IBIT iShares Bitcoin Trust ETF	$1.29B	$1.33B	$1.64B
SOXX iShares Semiconductor ETF	$6.23B	$5.65B	$5.90B

SOXX vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOXX iShares Semiconductor ETF	80.24%	40.74%	16.63%
IBIT iShares Bitcoin Trust ETF	-26.71%	-6.41%	89.87%

Correlation

The correlation between SOXX and IBIT is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.36

Return for Risk

SOXX vs. IBIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SOXX

SOXX Risk / Return Rank: 90
SOXX Sharpe Ratio Rank: 94
SOXX Sortino Ratio Rank: 85
SOXX Omega Ratio Rank: 87
SOXX Calmar Ratio Rank: 91
SOXX Martin Ratio Rank: 93

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 2
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SOXX vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) and iShares Bitcoin Trust ETF (IBIT). 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	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	2.84	-1.00	+3.84
Sortino ratio: Return per unit of downside risk	3.07	-1.47	+4.54
Omega ratio: Gain probability vs. loss probability	1.42	0.84	+0.58
Calmar ratio: Return relative to maximum drawdown	4.39	-0.83	+5.22
Martin ratio: Return relative to average drawdown	17.88	-1.27	+19.15

SOXX vs. IBIT - Sharpe Ratio Comparison

The current SOXX Sharpe Ratio is 2.84, which is higher than the IBIT Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of SOXX and IBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOXX vs. IBIT - Drawdown Comparison

The maximum SOXX drawdown since its inception was -70.21%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for SOXX and IBIT.

Drawdown Indicators

	SOXX	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-70.21%	-53.30%	-16.91%
Max Drawdown (1Y) Largest decline over 1 year	-29.01%	-53.30%	+24.29%
Max Drawdown (3Y) Largest decline over 3 years	-41.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.75%	—	—
Current Drawdown Current decline from peak	-17.22%	-48.95%	+31.73%
Average Drawdown Average peak-to-trough decline	-19.92%	-18.34%	-1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.11%	34.94%	-27.83%

Volatility

SOXX vs. IBIT - Volatility Comparison

iShares Semiconductor ETF (SOXX) has a higher volatility of 18.28% compared to iShares Bitcoin Trust ETF (IBIT) at 8.29%. This indicates that SOXX's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXX	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.28%	8.29%	+9.99%
Volatility (6M) Calculated over the trailing 6-month period	39.14%	33.07%	+6.07%
Volatility (1Y) Calculated over the trailing 1-year period	44.78%	44.40%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.37%	49.53%	-11.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.61%	49.53%	-14.92%

SOXX vs. IBIT - Expense Ratio Comparison

SOXX has a 0.34% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

SOXX vs. IBIT - Dividend Comparison

SOXX's dividend yield for the trailing twelve months is around 0.27%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBIT iShares Bitcoin Trust 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	0.27%	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

Can I hold both SOXX and IBIT in my portfolio?

SOXX and IBIT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOXX or IBIT?

SOXX has higher volatility (18.28%) compared to IBIT (8.29%). In terms of maximum drawdown, SOXX dropped -70.21% vs IBIT's -53.30%.

Which ETF is better, SOXX or IBIT?

On 1-year performance, SOXX leads with 126.60% vs -44.19% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 8.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXX or IBIT?

Over the 1-year period, SOXX has performed better with a 126.60% return vs -44.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXX or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.34% for SOXX.

Which ETF pays a higher dividend yield, SOXX or IBIT?

SOXX has the higher dividend yield at 0.27%, compared with 0.00% for IBIT.

What is the main difference between SOXX and IBIT?

SOXX is categorized as Semiconductors, while IBIT is Cryptocurrency. SOXX tracks NYSE Semiconductor Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.34% for SOXX and 0.25% for IBIT.

Which has better risk-adjusted returns?

SOXX currently has the higher Sharpe Ratio (2.84 vs -1.00), 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.