USHY vs. SOXX
USHY (iShares Broad USD High Yield Corporate Bond ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - USHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 5 years, USHY returned 4.14%/yr vs 34.72%/yr for SOXX. A 0.56 correlation means they provide meaningful diversification when combined. USHY charges 0.15%/yr vs 0.34%/yr for SOXX.
Performance
USHY vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, USHY achieves a 1.78% return, which is significantly lower than SOXX's 107.83% return.
USHY
- 1D
- 0.08%
- 1M
- 0.27%
- YTD
- 1.78%
- 6M
- 1.74%
- 1Y
- 6.15%
- 3Y*
- 9.14%
- 5Y*
- 4.14%
- 10Y*
- —
SOXX
- 1D
- 3.94%
- 1M
- 9.72%
- YTD
- 107.83%
- 6M
- 104.44%
- 1Y
- 164.79%
- 3Y*
- 57.87%
- 5Y*
- 34.72%
- 10Y*
- 37.13%
USHY vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.78% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.41% | 0.16% |
SOXX iShares Semiconductor ETF | 107.83% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 2.23% |
Correlation
The correlation between USHY and SOXX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.56 |
The correlation between USHY and SOXX has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
USHY vs. SOXX — Risk / Return Rank
USHY
SOXX
USHY vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond ETF (USHY) 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.
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.
| USHY | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.59 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 10.52 | -7.97 |
| Martin ratioReturn relative to average drawdown | 11.38 | 37.47 | -26.09 |
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Drawdowns
USHY vs. SOXX - Drawdown Comparison
The maximum USHY drawdown since its inception was -22.44%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for USHY and SOXX.
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Drawdown Indicators
| USHY | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.44% | -70.21% | +47.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -15.77% | +13.34% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -41.36% | +36.70% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -45.75% | +30.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.75% | — |
Current DrawdownCurrent decline from peak | -0.11% | -4.55% | +4.44% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -19.93% | +17.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 4.42% | -3.88% |
Volatility
USHY vs. SOXX - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond ETF (USHY) is 0.90%, while iShares Semiconductor ETF (SOXX) has a volatility of 22.27%. This indicates that USHY 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
| USHY | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 22.27% | -21.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 33.54% | -30.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 39.44% | -35.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.35% | 37.24% | -29.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.23% | 34.00% | -25.77% |
USHY vs. SOXX - Expense Ratio Comparison
USHY has a 0.15% expense ratio, which is lower than SOXX's 0.34% expense ratio.
Dividends
USHY vs. SOXX - Dividend Comparison
USHY's dividend yield for the trailing twelve months is around 6.90%, more than SOXX's 0.23% 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% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.90% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 0.00% | 0.00% |
Frequently Asked Questions
USHY and SOXX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (22.27%) compared to USHY (0.90%). In terms of maximum drawdown, USHY dropped -22.44% vs SOXX's -70.21%.
On 5-year performance, SOXX leads with 34.72% vs 4.14% for USHY. On fees, USHY is cheaper at 0.15% per year. On volatility, USHY has been the lower-risk option at 0.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SOXX has performed better with a 34.72% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USHY is cheaper with a 0.15% expense ratio, compared with 0.34% for SOXX.
USHY has the higher dividend yield at 6.90%, compared with 0.23% for SOXX.
USHY is categorized as High Yield Bonds, while SOXX is Semiconductors. USHY tracks ICE BofA US High Yield Constrained Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.15% for USHY and 0.34% for SOXX.
SOXX currently has the higher Sharpe Ratio (4.20 vs 1.69), 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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