SOXX vs. MDT
SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index, while MDT (Medtronic plc) is a stock. Over the past 10 years, SOXX returned 32.94%/yr vs 2.24%/yr for MDT. At a 0.35 correlation, their price movements are largely independent.
Performance
SOXX vs. MDT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SOXX achieves a 74.24% return, which is significantly higher than MDT's -11.80% return. Over the past 10 years, SOXX has outperformed MDT with an annualized return of 32.94%, while MDT has yielded a comparatively lower 2.24% annualized return.
SOXX
- 1D
- 0.45%
- 1M
- -18.03%
- 6M
- 53.21%
- YTD
- 74.24%
- 1Y
- 113.43%
- 3Y*
- 46.45%
- 5Y*
- 29.72%
- 10Y*
- 32.94%
- ALL TIME*
- 14.02%
MDT
- 1D
- 0.11%
- 1M
- 5.93%
- 6M
- -12.44%
- YTD
- -11.80%
- 1Y
- -4.03%
- 3Y*
- 1.10%
- 5Y*
- -5.17%
- 10Y*
- 2.24%
- ALL TIME*
- 13.23%
SOXX vs. MDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXX iShares Semiconductor ETF | 74.24% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
MDT Medtronic plc | -11.80% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
Correlation
The correlation between SOXX and MDT is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001 | 0.35 |
The correlation between SOXX and MDT shifts across timeframes, from -0.04 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SOXX vs. MDT — Risk / Return Rank
SOXX
MDT
SOXX vs. MDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) and Medtronic plc (MDT). 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 | MDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.86 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.99 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 5.61 | -0.14 | +5.75 |
| Martin ratioReturn relative to average drawdown | 20.26 | -0.30 | +20.56 |
Loading charts...
Drawdowns
SOXX vs. MDT - Drawdown Comparison
The maximum SOXX drawdown since its inception was -70.21%, which is greater than MDT's maximum drawdown of -57.63%. Use the drawdown chart below to compare losses from any high point for SOXX and MDT.
Loading charts...
Drawdown Indicators
| SOXX | MDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.21% | -57.63% | -12.58% |
Max Drawdown (1Y)Largest decline over 1 year | -20.34% | -28.90% | +8.56% |
Max Drawdown (3Y)Largest decline over 3 years | -41.36% | -28.90% | -12.46% |
Max Drawdown (5Y)Largest decline over 5 years | -45.75% | -45.10% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -45.75% | -45.10% | -0.65% |
Current DrawdownCurrent decline from peak | -19.98% | -27.93% | +7.95% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -16.57% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 13.24% | -7.62% |
Volatility
SOXX vs. MDT - Volatility Comparison
iShares Semiconductor ETF (SOXX) has a higher volatility of 19.83% compared to Medtronic plc (MDT) at 10.04%. This indicates that SOXX's price experiences larger fluctuations and is considered to be riskier than MDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SOXX | MDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.83% | 10.04% | +9.79% |
Volatility (6M)Calculated over the trailing 6-month period | 36.88% | 18.91% | +17.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.54% | 23.34% | +19.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.83% | 22.34% | +15.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.31% | 23.45% | +10.86% |
Dividends
SOXX vs. MDT - Dividend Comparison
SOXX's dividend yield for the trailing twelve months is around 0.28%, less than MDT's 3.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | 3.42% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
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 MDT have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (19.83%) compared to MDT (10.04%). In terms of maximum drawdown, SOXX dropped -70.21% vs MDT's -57.63%.
SOXX currently has the higher Sharpe Ratio (2.69 vs -0.17), 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.
Find the right allocation for SOXX and MDT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer