USMD vs. SOXX

Last updated Jul 16, 2026

USMD (CoreValues America First Technology ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - USMD is a Technology Equities fund actively managed by CoreValues, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. USMD is actively managed, while SOXX is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. USMD charges 0.87%/yr vs 0.34%/yr for SOXX.

Performance

USMD vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CoreValues America First Technology ETF (USMD) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USMD

• 1D: -0.97%
• 1M: -5.41%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXX

• 1D: -2.23%
• 1M: -11.64%
• 6M: 67.48%
• YTD: 84.58%
• 1Y: 126.53%
• 3Y*: 48.58%
• 5Y*: 32.36%
• 10Y*: 34.04%

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

USMD vs. SOXX - Yearly Performance Comparison

	2026 (YTD)
USMD CoreValues America First Technology ETF	21.52%
SOXX iShares Semiconductor ETF	68.02%

Correlation

The correlation between USMD and SOXX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 6, 2026	0.82

Return for Risk

USMD vs. SOXX — Risk / Return Rank

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

USMD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SOXX

SOXX Risk / Return Rank: 93
SOXX Sharpe Ratio Rank: 95
SOXX Sortino Ratio Rank: 88
SOXX Omega Ratio Rank: 89
SOXX Calmar Ratio Rank: 97
SOXX Martin Ratio Rank: 96

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.

USMD vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoreValues America First Technology ETF (USMD) 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.

	USMD	SOXX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.02	—
Sortino ratio: Return per unit of downside risk	—	3.19	—
Omega ratio: Gain probability vs. loss probability	—	1.44	—
Calmar ratio: Return relative to maximum drawdown	—	8.07	—
Martin ratio: Return relative to average drawdown	—	24.48	—

Drawdowns

USMD vs. SOXX - Drawdown Comparison

The maximum USMD drawdown since its inception was -10.35%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for USMD and SOXX.

Drawdown Indicators

	USMD	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-10.35%	-70.21%	+59.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.77%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-41.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.75%	—
Current Drawdown Current decline from peak	-8.83%	-15.23%	+6.40%
Average Drawdown Average peak-to-trough decline	-3.13%	-19.92%	+16.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.19%	—

Volatility

Volatility by Period

	USMD	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.33%	42.15%	-15.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.33%	37.79%	-11.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.33%	34.28%	-7.95%

USMD vs. SOXX - Expense Ratio Comparison

USMD has a 0.87% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

USMD vs. SOXX - Dividend Comparison

USMD has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SOXX iShares Semiconductor ETF	0.26%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%
USMD CoreValues America First Technology ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USMD and SOXX in my portfolio?

USMD and SOXX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USMD or SOXX?

On fees, SOXX is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USMD or SOXX?

SOXX is cheaper with a 0.34% expense ratio, compared with 0.87% for USMD.

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

SOXX has the higher dividend yield at 0.26%, compared with 0.00% for USMD.

What is the main difference between USMD and SOXX?

USMD is categorized as Technology Equities, while SOXX is Semiconductors. They also come from different issuers: CoreValues and iShares. Their fees differ too: 0.87% for USMD and 0.34% for SOXX.