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TLH vs. SOXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TLH vs. SOXX

Last updated Jun 4, 2026

TLH (iShares 10-20 Year Treasury Bond ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - TLH is a Government Bonds fund tracking the ICE U.S. Treasury 10-20 Year Bond Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, TLH returned -0.83%/yr vs 35.79%/yr for SOXX. At a correlation of -0.23, they often move in opposite directions. TLH charges 0.15%/yr vs 0.34%/yr for SOXX.

Performance

TLH vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 10-20 Year Treasury Bond ETF (TLH) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TLH achieves a -0.51% return, which is significantly lower than SOXX's 104.57% return. Over the past 10 years, TLH has underperformed SOXX with an annualized return of -0.83%, while SOXX has yielded a comparatively higher 35.79% annualized return.

TLH

1D
-0.38%
1M
0.62%
YTD
-0.51%
6M
-1.42%
1Y
5.33%
3Y*
0.59%
5Y*
-3.80%
10Y*
-0.83%

SOXX

1D
1.76%
1M
33.25%
YTD
104.57%
6M
99.43%
1Y
190.05%
3Y*
57.39%
5Y*
34.50%
10Y*
35.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TLH vs. SOXX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TLH
iShares 10-20 Year Treasury Bond ETF		-0.51%6.47%-4.21%4.03%-25.24%-5.38%13.78%10.11%0.37%4.21%
SOXX
iShares Semiconductor ETF		104.57%40.74%12.92%67.12%-35.09%44.09%52.72%62.42%-6.49%39.79%

Correlation

The correlation between TLH and SOXX is 0.09, 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

0.09

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.02

Correlation (10Y)
Calculated over the trailing 10-year period

-0.09

Correlation (All Time)
Calculated using the full available price history since Jan 12, 2007

-0.23

The correlation between TLH and SOXX shifts across timeframes, from -0.23 (all time) to 0.09 (1 year), 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.

iShares 10-20 Year Treasury Bond ETF

iShares Semiconductor ETF

Often compared with TLH:
TLH vs. TLTTLH vs. VGLTTLH vs. IEITLH vs. SPTLTLH vs. SCHQTLH vs. PLWTLH vs. XTLH.TO
Often compared with SOXX:
SOXX vs. SMHSOXX vs. QQQSOXX vs. SOXLSOXX vs. SOXQSOXX vs. FSELXSOXX vs. VGTSOXX vs. VOO

Return for Risk

TLH vs. SOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TLH
TLH Risk / Return Rank: 1919
Overall Rank
TLH Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
TLH Sortino Ratio Rank: 1919
Sortino Ratio Rank
TLH Omega Ratio Rank: 1818
Omega Ratio Rank
TLH Calmar Ratio Rank: 1919
Calmar Ratio Rank
TLH Martin Ratio Rank: 2020
Martin Ratio Rank
SOXX
SOXX Risk / Return Rank: 9797
Overall Rank
SOXX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
SOXX Sortino Ratio Rank: 9595
Sortino Ratio Rank
SOXX Omega Ratio Rank: 9595
Omega Ratio Rank
SOXX Calmar Ratio Rank: 9797
Calmar Ratio Rank
SOXX Martin Ratio Rank: 9797
Martin Ratio Rank
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.

TLH vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 10-20 Year Treasury Bond ETF (TLH) and iShares Semiconductor ETF (SOXX). 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.

TLHSOXXDifference
Sharpe ratioReturn per unit of total volatility
0.67
5.61

-4.94

Sortino ratioReturn per unit of downside risk
1.01
5.36

-4.34

Omega ratioGain probability vs. loss probability

1.12

1.74

-0.63

Calmar ratioReturn relative to maximum drawdown

0.82

12.13

-11.31

Martin ratioReturn relative to average drawdown

2.28

46.43

-44.16

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLH vs. SOXX - Sharpe Ratio Comparison

The current TLH Sharpe Ratio is 0.67, which is lower than the SOXX Sharpe Ratio of 5.61. The chart below compares the historical Sharpe Ratios of TLH and SOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TLHSOXXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.67

5.61

-4.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.30

0.96

-1.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.07

1.07

-1.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.45

-0.17

Drawdowns

TLH vs. SOXX - Drawdown Comparison

The maximum TLH drawdown since its inception was -41.14%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for TLH and SOXX.

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Drawdown Indicators

TLHSOXXDifference

Max Drawdown

Largest peak-to-trough decline

-41.14%

-70.21%

+29.07%

Max Drawdown (1Y)

Largest decline over 1 year

-6.50%

-15.77%

+9.27%

Max Drawdown (3Y)

Largest decline over 3 years

-15.35%

-41.36%

+26.01%

Max Drawdown (5Y)

Largest decline over 5 years

-35.41%

-45.75%

+10.34%

Max Drawdown (10Y)

Largest decline over 10 years

-41.14%

-45.75%

+4.61%

Current Drawdown

Current decline from peak

-29.82%

0.00%

-29.82%

Average Drawdown

Average peak-to-trough decline

-10.76%

-19.97%

+9.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.35%

4.11%

-1.76%

Volatility

TLH vs. SOXX - Volatility Comparison

The current volatility for iShares 10-20 Year Treasury Bond ETF (TLH) is 2.46%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.03%. This indicates that TLH experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TLHSOXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.46%

14.03%

-11.57%

Volatility (6M)

Calculated over the trailing 6-month period

5.49%

27.35%

-21.86%

Volatility (1Y)

Calculated over the trailing 1-year period

8.01%

34.18%

-26.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.70%

36.11%

-23.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.19%

33.43%

-22.24%

TLH vs. SOXX - Expense Ratio Comparison

TLH has a 0.15% expense ratio, which is lower than SOXX's 0.34% expense ratio.

Dividends

TLH vs. SOXX - Dividend Comparison

TLH's dividend yield for the trailing twelve months is around 4.48%, more than SOXX's 0.27% yield.

PositionTTM20252024202320222021202020192018201720162015
SOXX
iShares Semiconductor ETF		0.27%0.57%0.67%0.78%1.26%0.64%0.81%1.23%1.37%0.90%1.08%1.29%
TLH
iShares 10-20 Year Treasury Bond ETF		4.48%4.17%4.28%3.83%2.78%1.50%2.65%2.31%2.17%1.83%1.91%2.13%

Frequently Asked Questions

TLH and SOXX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SOXX has higher volatility (14.03%) compared to TLH (2.46%). In terms of maximum drawdown, TLH dropped -41.14% vs SOXX's -70.21%.

On 10-year performance, SOXX leads with 35.79% vs -0.83% for TLH. On fees, TLH is cheaper at 0.15% per year. On volatility, TLH has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SOXX has performed better with a 35.79% return vs -0.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

TLH is cheaper with a 0.15% expense ratio, compared with 0.34% for SOXX.

TLH has the higher dividend yield at 4.48%, compared with 0.27% for SOXX.

TLH is categorized as Government Bonds, while SOXX is Semiconductors. TLH tracks ICE U.S. Treasury 10-20 Year Bond Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.15% for TLH and 0.34% for SOXX.

SOXX currently has the higher Sharpe Ratio (5.61 vs 0.67), 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.

Portfolio Optimizer

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