SOXX vs. VPN

Last updated Jun 20, 2026

SOXX (iShares Semiconductor ETF) and VPN (Global X Data Center REITs & Digital Infrastructure ETF) are both exchange-traded funds - SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index, while VPN is a Technology Equities fund tracking the Solactive Data Center REITs & Digital Infrastructure Index. Both are passively managed. Over the past 5 years, SOXX returned 36.05%/yr vs 14.89%/yr for VPN. A 0.64 correlation means they provide meaningful diversification when combined. SOXX charges 0.34%/yr vs 0.50%/yr for VPN.

Performance

SOXX vs. VPN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Semiconductor ETF (SOXX) and Global X Data Center REITs & Digital Infrastructure ETF (VPN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOXX achieves a 112.57% return, which is significantly higher than VPN's 51.28% return.

SOXX

• 1D: 6.62%
• 1M: 21.93%
• YTD: 112.57%
• 6M: 113.52%
• 1Y: 185.39%
• 3Y*: 56.81%
• 5Y*: 36.05%
• 10Y*: 36.48%

VPN

• 1D: 1.85%
• 1M: 4.48%
• YTD: 51.28%
• 6M: 54.75%
• 1Y: 78.03%
• 3Y*: 34.37%
• 5Y*: 14.89%
• 10Y*: —

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

SOXX vs. VPN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SOXX iShares Semiconductor ETF	112.57%	40.74%	12.92%	67.12%	-35.09%	44.09%	25.83%
VPN Global X Data Center REITs & Digital Infrastructure ETF	51.28%	28.99%	14.92%	18.93%	-30.89%	20.35%	6.60%

Correlation

The correlation between SOXX and VPN is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020	0.64

The correlation between SOXX and VPN shifts across timeframes, from 0.64 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.

SOXX vs. VPN - Sectors Allocation Comparison

Sectors	SOXX	VPN
Technology	100.0%	30.6%
Basic Materials	-	-
Communication Services	-	10.5%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.9%
Healthcare	-	-
Industrials	-	-
Real Estate	-	58.0%
Utilities	-	-

Return for Risk

SOXX vs. VPN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOXX

SOXX Risk / Return Rank: 96
SOXX Sharpe Ratio Rank: 98
SOXX Sortino Ratio Rank: 94
SOXX Omega Ratio Rank: 94
SOXX Calmar Ratio Rank: 98
SOXX Martin Ratio Rank: 97

VPN

VPN Risk / Return Rank: 91
VPN Sharpe Ratio Rank: 94
VPN Sortino Ratio Rank: 91
VPN Omega Ratio Rank: 89
VPN Calmar Ratio Rank: 93
VPN Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOXX vs. VPN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) and Global X Data Center REITs & Digital Infrastructure ETF (VPN). 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	VPN	Difference
Sharpe ratio: Return per unit of total volatility	4.80	3.39	+1.41
Sortino ratio: Return per unit of downside risk	4.58	4.06	+0.52
Omega ratio: Gain probability vs. loss probability	1.65	1.54	+0.12
Calmar ratio: Return relative to maximum drawdown	11.72	6.05	+5.67
Martin ratio: Return relative to average drawdown	42.40	18.62	+23.77

SOXX vs. VPN - Sharpe Ratio Comparison

The current SOXX Sharpe Ratio is 4.80, which is higher than the VPN Sharpe Ratio of 3.39. The chart below compares the historical Sharpe Ratios of SOXX and VPN, 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. VPN - Drawdown Comparison

The maximum SOXX drawdown since its inception was -70.21%, which is greater than VPN's maximum drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for SOXX and VPN.

Drawdown Indicators

	SOXX	VPN	Difference
Max Drawdown Largest peak-to-trough decline	-70.21%	-38.98%	-31.23%
Max Drawdown (1Y) Largest decline over 1 year	-15.77%	-12.89%	-2.88%
Max Drawdown (3Y) Largest decline over 3 years	-41.36%	-24.96%	-16.40%
Max Drawdown (5Y) Largest decline over 5 years	-45.75%	-38.98%	-6.77%
Max Drawdown (10Y) Largest decline over 10 years	-45.75%	—	—
Current Drawdown Current decline from peak	0.00%	-1.57%	+1.57%
Average Drawdown Average peak-to-trough decline	-19.94%	-12.29%	-7.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.35%	4.18%	+0.17%

Volatility

SOXX vs. VPN - Volatility Comparison

iShares Semiconductor ETF (SOXX) has a higher volatility of 21.02% compared to Global X Data Center REITs & Digital Infrastructure ETF (VPN) at 9.23%. This indicates that SOXX's price experiences larger fluctuations and is considered to be riskier than VPN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXX	VPN	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.02%	9.23%	+11.79%
Volatility (6M) Calculated over the trailing 6-month period	32.54%	18.31%	+14.23%
Volatility (1Y) Calculated over the trailing 1-year period	38.49%	22.99%	+15.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.01%	22.09%	+14.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.93%	22.07%	+11.86%

SOXX vs. VPN - Expense Ratio Comparison

SOXX has a 0.34% expense ratio, which is lower than VPN's 0.50% expense ratio.

Dividends

SOXX vs. VPN - Dividend Comparison

SOXX's dividend yield for the trailing twelve months is around 0.23%, less than VPN's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SOXX iShares Semiconductor ETF	0.23%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%
VPN Global X Data Center REITs & Digital Infrastructure ETF	0.73%	1.10%	1.72%	1.18%	2.57%	1.27%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOXX and VPN in my portfolio?

SOXX and VPN have a correlation of 0.74, 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 VPN?

SOXX has higher volatility (21.02%) compared to VPN (9.23%). In terms of maximum drawdown, SOXX dropped -70.21% vs VPN's -38.98%.

Which ETF is better, SOXX or VPN?

On 5-year performance, SOXX leads with 36.05% vs 14.89% for VPN. On fees, SOXX is cheaper at 0.34% per year. On volatility, VPN has been the lower-risk option at 9.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXX or VPN?

Over the 5-year period, SOXX has performed better with a 36.05% return vs 14.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXX or VPN?

SOXX is cheaper with a 0.34% expense ratio, compared with 0.50% for VPN.

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

VPN has the higher dividend yield at 0.73%, compared with 0.23% for SOXX.

What is the main difference between SOXX and VPN?

SOXX is categorized as Semiconductors, while VPN is Technology Equities. SOXX tracks NYSE Semiconductor Index, while VPN tracks Solactive Data Center REITs & Digital Infrastructure Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.34% for SOXX and 0.50% for VPN.

Which has better risk-adjusted returns?

SOXX currently has the higher Sharpe Ratio (4.80 vs 3.39), 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.