SOXX vs. IBM
SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index, while IBM (International Business Machines Corporation) is a stock. Over the past 10 years, SOXX returned 36.14%/yr vs 11.23%/yr for IBM. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
SOXX vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, SOXX achieves a 104.22% return, which is significantly higher than IBM's -4.92% return. Over the past 10 years, SOXX has outperformed IBM with an annualized return of 36.14%, while IBM has yielded a comparatively lower 11.23% annualized return.
SOXX
- 1D
- 4.14%
- 1M
- 8.01%
- YTD
- 104.22%
- 6M
- 101.43%
- 1Y
- 158.40%
- 3Y*
- 54.76%
- 5Y*
- 33.39%
- 10Y*
- 36.14%
IBM
- 1D
- 2.35%
- 1M
- -6.65%
- YTD
- -4.92%
- 6M
- -7.88%
- 1Y
- -1.58%
- 3Y*
- 31.78%
- 5Y*
- 19.26%
- 10Y*
- 11.23%
SOXX vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXX iShares Semiconductor ETF | 104.22% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
IBM International Business Machines Corporation | -4.92% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
Correlation
The correlation between SOXX and IBM is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001 | 0.50 |
Over the past year, the correlation between SOXX and IBM has dropped to 0.10 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
SOXX vs. IBM — Risk / Return Rank
SOXX
IBM
SOXX vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) and International Business Machines Corporation (IBM). 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 | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.02 | ||
| Sortino ratioReturn per unit of downside risk | +3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.03 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 10.11 | -0.05 | +10.16 |
| Martin ratioReturn relative to average drawdown | 35.52 | -0.11 | +35.63 |
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Drawdowns
SOXX vs. IBM - Drawdown Comparison
The maximum SOXX drawdown since its inception was -70.21%, roughly equal to the maximum IBM drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for SOXX and IBM.
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Drawdown Indicators
| SOXX | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.21% | -69.40% | -0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -15.77% | -30.96% | +15.19% |
Max Drawdown (3Y)Largest decline over 3 years | -41.36% | -30.96% | -10.40% |
Max Drawdown (5Y)Largest decline over 5 years | -45.75% | -30.96% | -14.79% |
Max Drawdown (10Y)Largest decline over 10 years | -45.75% | -40.59% | -5.16% |
Current DrawdownCurrent decline from peak | -6.21% | -15.56% | +9.35% |
Average DrawdownAverage peak-to-trough decline | -19.93% | -20.12% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 14.93% | -10.45% |
Volatility
SOXX vs. IBM - Volatility Comparison
iShares Semiconductor ETF (SOXX) has a higher volatility of 23.41% compared to International Business Machines Corporation (IBM) at 20.53%. This indicates that SOXX's price experiences larger fluctuations and is considered to be riskier than IBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXX | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.41% | 20.53% | +2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 34.32% | 35.97% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.15% | 40.56% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.36% | 27.49% | +9.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.05% | 26.69% | +7.36% |
Dividends
SOXX vs. IBM - Dividend Comparison
SOXX's dividend yield for the trailing twelve months is around 0.24%, less than IBM's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 2.42% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
SOXX iShares Semiconductor ETF | 0.24% | 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 IBM have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (23.41%) compared to IBM (20.53%). In terms of maximum drawdown, SOXX dropped -70.21% vs IBM's -69.40%.
SOXX currently has the higher Sharpe Ratio (3.98 vs -0.04), 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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