SOXX vs. VVOAX
SOXX (iShares Semiconductor ETF) and VVOAX (Invesco Value Opportunities Fund) are both funds - SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index, while VVOAX is a Mid Cap Value Equities fund managed by Invesco. Over the past 10 years, SOXX returned 34.90%/yr vs 15.70%/yr for VVOAX. A 0.68 correlation means they provide meaningful diversification when combined. SOXX charges 0.34%/yr vs 1.22%/yr for VVOAX.
Performance
SOXX vs. VVOAX - Performance Comparison
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Returns By Period
In the year-to-date period, SOXX achieves a 89.87% return, which is significantly higher than VVOAX's 18.97% return. Over the past 10 years, SOXX has outperformed VVOAX with an annualized return of 34.90%, while VVOAX has yielded a comparatively lower 15.70% annualized return.
SOXX
- 1D
- 5.87%
- 1M
- 9.83%
- YTD
- 89.87%
- 6M
- 83.09%
- 1Y
- 164.61%
- 3Y*
- 53.13%
- 5Y*
- 33.00%
- 10Y*
- 34.90%
VVOAX
- 1D
- -4.79%
- 1M
- 2.13%
- YTD
- 18.97%
- 6M
- 18.56%
- 1Y
- 41.92%
- 3Y*
- 29.80%
- 5Y*
- 17.40%
- 10Y*
- 15.70%
SOXX vs. VVOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXX iShares Semiconductor ETF | 89.87% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
VVOAX Invesco Value Opportunities Fund | 18.97% | 20.24% | 30.01% | 15.20% | 1.33% | 35.60% | 5.49% | 29.84% | -19.92% | 17.07% |
Correlation
The correlation between SOXX and VVOAX is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001 | 0.68 |
The correlation between SOXX and VVOAX has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.
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Return for Risk
SOXX vs. VVOAX — Risk / Return Rank
SOXX
VVOAX
SOXX vs. VVOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) and Invesco Value Opportunities Fund (VVOAX). 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 | VVOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.41 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 10.51 | 4.77 | +5.73 |
| Martin ratioReturn relative to average drawdown | 39.26 | 16.94 | +22.32 |
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 | VVOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.57 | 2.37 | +2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.82 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | 0.65 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.40 | +0.03 |
Drawdowns
SOXX vs. VVOAX - Drawdown Comparison
The maximum SOXX drawdown since its inception was -70.21%, which is greater than VVOAX's maximum drawdown of -62.08%. Use the drawdown chart below to compare losses from any high point for SOXX and VVOAX.
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Drawdown Indicators
| SOXX | VVOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.21% | -62.08% | -8.13% |
Max Drawdown (1Y)Largest decline over 1 year | -15.77% | -9.21% | -6.56% |
Max Drawdown (3Y)Largest decline over 3 years | -41.36% | -24.05% | -17.31% |
Max Drawdown (5Y)Largest decline over 5 years | -45.75% | -24.05% | -21.70% |
Max Drawdown (10Y)Largest decline over 10 years | -45.75% | -51.80% | +6.05% |
Current DrawdownCurrent decline from peak | -7.18% | -4.79% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -19.97% | -11.72% | -8.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 2.58% | +1.63% |
Volatility
SOXX vs. VVOAX - Volatility Comparison
iShares Semiconductor ETF (SOXX) has a higher volatility of 18.43% compared to Invesco Value Opportunities Fund (VVOAX) at 7.97%. This indicates that SOXX's price experiences larger fluctuations and is considered to be riskier than VVOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXX | VVOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.43% | 7.97% | +10.46% |
Volatility (6M)Calculated over the trailing 6-month period | 30.17% | 14.78% | +15.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.35% | 18.55% | +17.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.50% | 21.27% | +15.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.66% | 24.24% | +9.42% |
SOXX vs. VVOAX - Expense Ratio Comparison
SOXX has a 0.34% expense ratio, which is lower than VVOAX's 1.22% expense ratio.
Dividends
SOXX vs. VVOAX - Dividend Comparison
SOXX's dividend yield for the trailing twelve months is around 0.29%, less than VVOAX's 8.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXX iShares Semiconductor ETF | 0.29% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
VVOAX Invesco Value Opportunities Fund | 8.77% | 10.43% | 7.79% | 2.27% | 9.79% | 8.82% | 0.25% | 1.95% | 15.44% | 5.11% | 1.10% | 15.87% |
Frequently Asked Questions
SOXX and VVOAX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (18.43%) compared to VVOAX (7.97%). In terms of maximum drawdown, SOXX dropped -70.21% vs VVOAX's -62.08%.
SOXX currently has the higher Sharpe Ratio (4.57 vs 2.37), 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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