SOXX vs. NVO
SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index, while NVO (Novo Nordisk A/S) is a stock. Over the past 10 years, SOXX returned 35.55%/yr vs 7.56%/yr for NVO. At a 0.28 correlation, their price movements are largely independent.
Performance
SOXX vs. NVO - 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 NVO's -10.74% return. Over the past 10 years, SOXX has outperformed NVO with an annualized return of 35.55%, while NVO has yielded a comparatively lower 7.56% annualized return.
SOXX
- 1D
- 1.59%
- 1M
- 12.49%
- YTD
- 98.11%
- 6M
- 99.51%
- 1Y
- 171.57%
- 3Y*
- 53.00%
- 5Y*
- 33.69%
- 10Y*
- 35.55%
NVO
- 1D
- -0.18%
- 1M
- -4.19%
- YTD
- -10.74%
- 6M
- -9.50%
- 1Y
- -42.47%
- 3Y*
- -15.59%
- 5Y*
- 2.92%
- 10Y*
- 7.56%
SOXX vs. NVO - 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% |
NVO Novo Nordisk A/S | -10.74% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -12.98% | 52.92% |
Correlation
The correlation between SOXX and NVO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001 | 0.28 |
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Return for Risk
SOXX vs. NVO — Risk / Return Rank
SOXX
NVO
SOXX vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) and Novo Nordisk A/S (NVO). 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 | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.27 | ||
| Sortino ratioReturn per unit of downside risk | +5.42 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 0.85 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 10.50 | -0.80 | +11.30 |
| Martin ratioReturn relative to average drawdown | 38.20 | -1.18 | +39.38 |
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Drawdowns
SOXX vs. NVO - Drawdown Comparison
The maximum SOXX drawdown since its inception was -70.21%, smaller than the maximum NVO drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for SOXX and NVO.
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Drawdown Indicators
| SOXX | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.21% | -74.70% | +4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -15.77% | -54.34% | +38.57% |
Max Drawdown (3Y)Largest decline over 3 years | -41.36% | -74.70% | +33.34% |
Max Drawdown (5Y)Largest decline over 5 years | -45.75% | -74.70% | +28.95% |
Max Drawdown (10Y)Largest decline over 10 years | -45.75% | -74.70% | +28.95% |
Current DrawdownCurrent decline from peak | -3.16% | -68.11% | +64.95% |
Average DrawdownAverage peak-to-trough decline | -19.95% | -17.79% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 37.62% | -33.29% |
Volatility
SOXX vs. NVO - Volatility Comparison
iShares Semiconductor ETF (SOXX) has a higher volatility of 19.42% compared to Novo Nordisk A/S (NVO) at 10.68%. This indicates that SOXX's price experiences larger fluctuations and is considered to be riskier than NVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXX | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 10.68% | +8.74% |
Volatility (6M)Calculated over the trailing 6-month period | 31.46% | 38.04% | -6.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.35% | 51.88% | -14.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.73% | 38.33% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.77% | 32.56% | +1.21% |
Dividends
SOXX vs. NVO - Dividend Comparison
SOXX's dividend yield for the trailing twelve months is around 0.28%, less than NVO's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | 4.11% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
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 NVO have a correlation of 0.22, 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 NVO (10.68%). In terms of maximum drawdown, SOXX dropped -70.21% vs NVO's -74.70%.
SOXX currently has the higher Sharpe Ratio (4.43 vs -0.84), 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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