WDAY vs. SOXX
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 6.37%/yr vs 33.24%/yr for SOXX. At a 0.43 correlation, their price movements are largely independent.
Performance
WDAY vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, WDAY achieves a -32.29% return, which is significantly lower than SOXX's 76.35% return. Over the past 10 years, WDAY has underperformed SOXX with an annualized return of 6.37%, while SOXX has yielded a comparatively higher 33.24% annualized return.
WDAY
- 1D
- 2.55%
- 1M
- 14.72%
- 6M
- -24.54%
- YTD
- -32.29%
- 1Y
- -35.86%
- 3Y*
- -13.95%
- 5Y*
- -8.56%
- 10Y*
- 6.37%
SOXX
- 1D
- -4.46%
- 1M
- -10.27%
- 6M
- 57.49%
- YTD
- 76.35%
- 1Y
- 117.02%
- 3Y*
- 45.18%
- 5Y*
- 31.15%
- 10Y*
- 33.24%
WDAY vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDAY Workday, Inc. | -32.29% | -16.76% | -6.53% | 64.98% | -38.75% | 14.01% | 45.70% | 2.99% | 56.95% | 53.94% |
SOXX iShares Semiconductor ETF | 76.35% | 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 -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2012 | 0.43 |
The correlation between WDAY and SOXX shifts across timeframes, from -0.21 (1 year) to 0.43 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
WDAY vs. SOXX — Risk / Return Rank
WDAY
SOXX
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.
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.
| WDAY | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.55 | ||
| Sortino ratioReturn per unit of downside risk | -4.02 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.41 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 6.19 | -6.85 |
| Martin ratioReturn relative to average drawdown | -1.11 | 22.06 | -23.17 |
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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.
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Drawdown Indicators
| WDAY | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.38% | -70.21% | +6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -54.58% | -19.01% | -35.57% |
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 DrawdownCurrent decline from peak | -52.66% | -19.01% | -33.65% |
Average DrawdownAverage peak-to-trough decline | -21.19% | -19.92% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.31% | 5.32% | +26.99% |
Volatility
WDAY vs. SOXX - Volatility Comparison
The current volatility for Workday, Inc. (WDAY) is 16.94%, while iShares Semiconductor ETF (SOXX) has a volatility of 20.64%. This indicates that WDAY 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
| WDAY | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.94% | 20.64% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 40.59% | 36.86% | +3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.45% | 42.42% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.69% | 37.83% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.07% | 34.30% | +4.77% |
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 0.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXX iShares Semiconductor ETF | 0.28% | 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
WDAY and SOXX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (20.64%) compared to WDAY (16.94%). In terms of maximum drawdown, WDAY dropped -63.38% vs SOXX's -70.21%.
SOXX currently has the higher Sharpe Ratio (2.77 vs -0.77), 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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