SOXX vs. NVDA
SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index, while NVDA (NVIDIA Corporation) is a stock. Over the past 10 years, SOXX returned 33.92%/yr vs 68.14%/yr for NVDA. A 0.74 correlation means they provide meaningful diversification when combined.
Performance
SOXX vs. NVDA - Performance Comparison
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Returns By Period
In the year-to-date period, SOXX achieves a 79.35% return, which is significantly higher than NVDA's 10.11% return. Over the past 10 years, SOXX has underperformed NVDA with an annualized return of 33.92%, while NVDA has yielded a comparatively higher 68.14% annualized return.
SOXX
- 1D
- -10.44%
- 1M
- 9.63%
- YTD
- 79.35%
- 6M
- 74.82%
- 1Y
- 149.94%
- 3Y*
- 50.81%
- 5Y*
- 31.00%
- 10Y*
- 33.92%
NVDA
- 1D
- -6.20%
- 1M
- -2.91%
- YTD
- 10.11%
- 6M
- 12.58%
- 1Y
- 44.92%
- 3Y*
- 74.54%
- 5Y*
- 63.58%
- 10Y*
- 68.14%
SOXX vs. NVDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXX iShares Semiconductor ETF | 79.35% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
NVDA NVIDIA Corporation | 10.11% | 38.92% | 171.25% | 239.02% | -50.26% | 125.48% | 122.30% | 76.94% | -30.82% | 81.99% |
Correlation
The correlation between SOXX and NVDA is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2001 | 0.74 |
Over the past year, the correlation between SOXX and NVDA has dropped to 0.52 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
SOXX vs. NVDA — Risk / Return Rank
SOXX
NVDA
SOXX vs. NVDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) and NVIDIA Corporation (NVDA). 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.
| SOXX | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.23 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 9.68 | 2.32 | +7.35 |
| Martin ratioReturn relative to average drawdown | 36.37 | 5.67 | +30.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOXX | NVDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.25 | 1.35 | +2.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 1.23 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | 1.37 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.62 | -0.20 |
Drawdowns
SOXX vs. NVDA - Drawdown Comparison
The maximum SOXX drawdown since its inception was -70.21%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for SOXX and NVDA.
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Drawdown Indicators
| SOXX | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.21% | -89.72% | +19.51% |
Max Drawdown (1Y)Largest decline over 1 year | -15.77% | -20.21% | +4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -41.36% | -36.88% | -4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -45.75% | -66.34% | +20.59% |
Max Drawdown (10Y)Largest decline over 10 years | -45.75% | -66.34% | +20.59% |
Current DrawdownCurrent decline from peak | -12.33% | -12.90% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -19.97% | -36.20% | +16.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 8.27% | -4.08% |
Volatility
SOXX vs. NVDA - Volatility Comparison
iShares Semiconductor ETF (SOXX) has a higher volatility of 17.99% compared to NVIDIA Corporation (NVDA) at 13.15%. This indicates that SOXX's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXX | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.99% | 13.15% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 29.75% | 26.39% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.87% | 34.76% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.40% | 51.73% | -15.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.60% | 49.84% | -16.24% |
Dividends
SOXX vs. NVDA - Dividend Comparison
SOXX's dividend yield for the trailing twelve months is around 0.31%, more than NVDA's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDA NVIDIA Corporation | 0.14% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
SOXX iShares Semiconductor ETF | 0.31% | 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 NVDA have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (17.99%) compared to NVDA (13.15%). In terms of maximum drawdown, SOXX dropped -70.21% vs NVDA's -89.72%.
SOXX currently has the higher Sharpe Ratio (4.25 vs 1.35), 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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