WDAY vs. SOXX

Last updated Jun 4, 2026

WDAY (Workday, Inc.) is a stock, while SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index. Over the past 10 years, WDAY returned 6.25%/yr vs 35.79%/yr for SOXX. At a 0.44 correlation, their price movements are largely independent.

Performance

WDAY vs. SOXX - Performance Comparison

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

Returns By Period

In the year-to-date period, WDAY achieves a -31.60% return, which is significantly lower than SOXX's 104.57% return. Over the past 10 years, WDAY has underperformed SOXX with an annualized return of 6.25%, while SOXX has yielded a comparatively higher 35.79% annualized return.

WDAY

• 1D: -1.33%
• 1M: 14.86%
• YTD: -31.60%
• 6M: -31.62%
• 1Y: -41.50%
• 3Y*: -11.72%
• 5Y*: -8.03%
• 10Y*: 6.25%

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)

WDAY vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WDAY Workday, Inc.	-31.60%	-16.76%	-6.53%	64.98%	-38.75%	14.01%	45.70%	2.99%	56.95%	53.94%
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 WDAY and SOXX is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Oct 15, 2012	0.44

The correlation between WDAY and SOXX shifts across timeframes, from -0.11 (1 year) to 0.46 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

WDAY vs. SOXX — Risk / Return Rank

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

WDAY

WDAY Risk / Return Rank: 8
WDAY Sharpe Ratio Rank: 5
WDAY Sortino Ratio Rank: 6
WDAY Omega Ratio Rank: 8
WDAY Calmar Ratio Rank: 13
WDAY Martin Ratio Rank: 7

SOXX

SOXX Risk / Return Rank: 97
SOXX Sharpe Ratio Rank: 98
SOXX Sortino Ratio Rank: 95
SOXX Omega Ratio Rank: 95
SOXX Calmar Ratio Rank: 97
SOXX Martin Ratio Rank: 97

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.

WDAY vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Workday, Inc. (WDAY) 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.

	WDAY	SOXX	Difference
Sharpe ratio: Return per unit of total volatility	-0.96	5.61	-6.57
Sortino ratio: Return per unit of downside risk	-1.40	5.36	-6.75
Omega ratio: Gain probability vs. loss probability	0.83	1.74	-0.91
Calmar ratio: Return relative to maximum drawdown	-0.75	12.13	-12.88
Martin ratio: Return relative to average drawdown	-1.42	46.43	-47.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WDAY vs. SOXX - Sharpe Ratio Comparison

The current WDAY Sharpe Ratio is -0.96, which is lower than the SOXX Sharpe Ratio of 5.61. The chart below compares the historical Sharpe Ratios of WDAY 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.

Sharpe Ratios by Period

	WDAY	SOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.96	5.61	-6.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	0.96	-1.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	1.07	-0.91
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.45	-0.23

Drawdowns

WDAY vs. SOXX - Drawdown Comparison

The maximum WDAY drawdown since its inception was -63.38%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for WDAY and SOXX.

Drawdown Indicators

	WDAY	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-63.38%	-70.21%	+6.83%
Max Drawdown (1Y) Largest decline over 1 year	-55.52%	-15.77%	-39.75%
Max Drawdown (3Y) Largest decline over 3 years	-63.38%	-41.36%	-22.02%
Max Drawdown (5Y) Largest decline over 5 years	-63.38%	-45.75%	-17.63%
Max Drawdown (10Y) Largest decline over 10 years	-63.38%	-45.75%	-17.63%
Current Drawdown Current decline from peak	-52.18%	0.00%	-52.18%
Average Drawdown Average peak-to-trough decline	-20.90%	-19.97%	-0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.28%	4.11%	+25.17%

Volatility

WDAY vs. SOXX - Volatility Comparison

Workday, Inc. (WDAY) has a higher volatility of 21.37% compared to iShares Semiconductor ETF (SOXX) at 14.03%. This indicates that WDAY's price experiences larger fluctuations and is considered to be riskier than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDAY	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.37%	14.03%	+7.34%
Volatility (6M) Calculated over the trailing 6-month period	37.30%	27.35%	+9.95%
Volatility (1Y) Calculated over the trailing 1-year period	43.39%	34.18%	+9.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.92%	36.11%	+2.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.90%	33.43%	+5.47%

Dividends

WDAY vs. SOXX - Dividend Comparison

WDAY has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
WDAY Workday, Inc.	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 WDAY and SOXX in my portfolio?

WDAY and SOXX have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WDAY or SOXX?

WDAY has higher volatility (21.37%) compared to SOXX (14.03%). In terms of maximum drawdown, WDAY dropped -63.38% vs SOXX's -70.21%.

Which has better risk-adjusted returns?

SOXX currently has the higher Sharpe Ratio (5.61 vs -0.96), 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.