VRIG vs. SOXQ

Last updated Jun 24, 2026

VRIG (Invesco Variable Rate Investment Grade ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - VRIG is a Ultrashort Bond fund actively managed by Invesco, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. VRIG is actively managed, while SOXQ is passively managed. Over the past 5 years, VRIG returned 4.47%/yr vs 34.04%/yr for SOXQ. At a 0.12 correlation, their price movements are largely independent. VRIG charges 0.30%/yr vs 0.19%/yr for SOXQ.

Performance

VRIG vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Variable Rate Investment Grade ETF (VRIG) and Invesco PHLX Semiconductor ETF (SOXQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VRIG achieves a 2.06% return, which is significantly lower than SOXQ's 90.62% return.

VRIG

• 1D: 0.00%
• 1M: 0.39%
• YTD: 2.06%
• 6M: 2.20%
• 1Y: 4.90%
• 3Y*: 5.92%
• 5Y*: 4.47%
• 10Y*: —

SOXQ

• 1D: -7.82%
• 1M: 10.55%
• YTD: 90.62%
• 6M: 87.99%
• 1Y: 158.27%
• 3Y*: 57.61%
• 5Y*: 34.04%
• 10Y*: —

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

VRIG vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VRIG Invesco Variable Rate Investment Grade ETF	2.06%	5.05%	6.81%	7.37%	0.99%	0.24%
SOXQ Invesco PHLX Semiconductor ETF	90.62%	43.11%	20.16%	66.74%	-35.59%	25.19%

Correlation

The correlation between VRIG and SOXQ is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.12

Return for Risk

VRIG vs. SOXQ — Risk / Return Rank

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

VRIG

VRIG Risk / Return Rank: 99
VRIG Sharpe Ratio Rank: 99
VRIG Sortino Ratio Rank: 99
VRIG Omega Ratio Rank: 99
VRIG Calmar Ratio Rank: 99
VRIG Martin Ratio Rank: 99

SOXQ

SOXQ Risk / Return Rank: 94
SOXQ Sharpe Ratio Rank: 96
SOXQ Sortino Ratio Rank: 90
SOXQ Omega Ratio Rank: 92
SOXQ Calmar Ratio Rank: 97
SOXQ 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.

VRIG vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Variable Rate Investment Grade ETF (VRIG) and Invesco PHLX Semiconductor ETF (SOXQ). 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.

	VRIG	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	10.07	4.11	+5.96
Sortino ratio: Return per unit of downside risk	24.15	4.02	+20.13
Omega ratio: Gain probability vs. loss probability	5.30	1.58	+3.72
Calmar ratio: Return relative to maximum drawdown	61.60	10.22	+51.38
Martin ratio: Return relative to average drawdown	314.76	36.68	+278.08

VRIG vs. SOXQ - Sharpe Ratio Comparison

The current VRIG Sharpe Ratio is 10.07, which is higher than the SOXQ Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of VRIG and SOXQ, 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

VRIG vs. SOXQ - Drawdown Comparison

The maximum VRIG drawdown since its inception was -13.04%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for VRIG and SOXQ.

Drawdown Indicators

	VRIG	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-13.04%	-46.01%	+32.97%
Max Drawdown (1Y) Largest decline over 1 year	-0.08%	-15.59%	+15.51%
Max Drawdown (3Y) Largest decline over 3 years	-0.78%	-39.36%	+38.58%
Max Drawdown (5Y) Largest decline over 5 years	-2.28%	-46.01%	+43.73%
Current Drawdown Current decline from peak	0.00%	-7.82%	+7.82%
Average Drawdown Average peak-to-trough decline	-0.27%	-12.87%	+12.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	4.33%	-4.31%

Volatility

VRIG vs. SOXQ - Volatility Comparison

The current volatility for Invesco Variable Rate Investment Grade ETF (VRIG) is 0.11%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 22.04%. This indicates that VRIG experiences smaller price fluctuations and is considered to be less risky than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRIG	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.11%	22.04%	-21.93%
Volatility (6M) Calculated over the trailing 6-month period	0.35%	32.49%	-32.14%
Volatility (1Y) Calculated over the trailing 1-year period	0.49%	38.78%	-38.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.29%	37.34%	-36.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.79%	37.24%	-33.45%

VRIG vs. SOXQ - Expense Ratio Comparison

VRIG has a 0.30% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

VRIG vs. SOXQ - Dividend Comparison

VRIG's dividend yield for the trailing twelve months is around 4.71%, more than SOXQ's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SOXQ Invesco PHLX Semiconductor ETF	0.27%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%
VRIG Invesco Variable Rate Investment Grade ETF	4.71%	4.99%	6.09%	5.97%	2.39%	0.78%	1.57%	3.12%	2.89%	2.31%	0.60%

Frequently Asked Questions

Can I hold both VRIG and SOXQ in my portfolio?

VRIG and SOXQ have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VRIG or SOXQ?

SOXQ has higher volatility (22.04%) compared to VRIG (0.11%). In terms of maximum drawdown, VRIG dropped -13.04% vs SOXQ's -46.01%.

Which ETF is better, VRIG or SOXQ?

On 5-year performance, SOXQ leads with 34.04% vs 4.47% for VRIG. On fees, SOXQ is cheaper at 0.19% per year. On volatility, VRIG has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VRIG or SOXQ?

Over the 5-year period, SOXQ has performed better with a 34.04% return vs 4.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VRIG or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.30% for VRIG.

Which ETF pays a higher dividend yield, VRIG or SOXQ?

VRIG has the higher dividend yield at 4.71%, compared with 0.27% for SOXQ.

What is the main difference between VRIG and SOXQ?

VRIG is categorized as Ultrashort Bond, while SOXQ is Semiconductors. Their fees differ too: 0.30% for VRIG and 0.19% for SOXQ.

Which has better risk-adjusted returns?

VRIG currently has the higher Sharpe Ratio (10.07 vs 4.11), 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.