XLG vs. SOXQ

Last updated Jun 24, 2026

XLG (Invesco S&P 500 Top 50 ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 5 years, XLG returned 14.28%/yr vs 34.04%/yr for SOXQ. A 0.78 correlation means they provide meaningful diversification when combined. XLG charges 0.20%/yr vs 0.19%/yr for SOXQ.

Performance

XLG vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Top 50 ETF (XLG) 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, XLG achieves a 1.60% return, which is significantly lower than SOXQ's 90.62% return.

XLG

• 1D: -1.88%
• 1M: -5.41%
• YTD: 1.60%
• 6M: 0.73%
• 1Y: 19.95%
• 3Y*: 21.35%
• 5Y*: 14.28%
• 10Y*: 16.94%

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)

XLG vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XLG Invesco S&P 500 Top 50 ETF	1.60%	19.51%	33.49%	38.16%	-24.29%	17.08%
SOXQ Invesco PHLX Semiconductor ETF	90.62%	43.11%	20.16%	66.74%	-35.59%	25.19%

Correlation

The correlation between XLG and SOXQ is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.78

The correlation between XLG and SOXQ shifts across timeframes, from 0.65 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

XLG vs. SOXQ - Sectors Allocation Comparison

Sectors	XLG	SOXQ
Technology	46.8%	100.0%
Communication Services	16.0%	-
Consumer Cyclical	11.2%	-
Financial Services	9.0%	0.1%
Healthcare	7.0%	-
Consumer Defensive	5.2%	-
Energy	2.4%	-
Industrials	1.9%	-
Basic Materials	0.6%	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XLG vs. SOXQ — Risk / Return Rank

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

XLG

XLG Risk / Return Rank: 39
XLG Sharpe Ratio Rank: 42
XLG Sortino Ratio Rank: 40
XLG Omega Ratio Rank: 41
XLG Calmar Ratio Rank: 33
XLG Martin Ratio Rank: 38

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.

XLG vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Top 50 ETF (XLG) 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.

	XLG	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	1.44	4.11	-2.67
Sortino ratio: Return per unit of downside risk	1.98	4.02	-2.05
Omega ratio: Gain probability vs. loss probability	1.26	1.58	-0.32
Calmar ratio: Return relative to maximum drawdown	1.61	10.22	-8.60
Martin ratio: Return relative to average drawdown	5.77	36.68	-30.90

XLG vs. SOXQ - Sharpe Ratio Comparison

The current XLG Sharpe Ratio is 1.44, which is lower than the SOXQ Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of XLG 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

XLG vs. SOXQ - Drawdown Comparison

The maximum XLG drawdown since its inception was -52.39%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for XLG and SOXQ.

Drawdown Indicators

	XLG	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-52.39%	-46.01%	-6.38%
Max Drawdown (1Y) Largest decline over 1 year	-12.41%	-15.59%	+3.18%
Max Drawdown (3Y) Largest decline over 3 years	-20.70%	-39.36%	+18.66%
Max Drawdown (5Y) Largest decline over 5 years	-28.02%	-46.01%	+17.99%
Max Drawdown (10Y) Largest decline over 10 years	-30.46%	—	—
Current Drawdown Current decline from peak	-6.91%	-7.82%	+0.91%
Average Drawdown Average peak-to-trough decline	-7.63%	-12.87%	+5.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	4.33%	-0.87%

Volatility

XLG vs. SOXQ - Volatility Comparison

The current volatility for Invesco S&P 500 Top 50 ETF (XLG) is 5.04%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 22.04%. This indicates that XLG 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

	XLG	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	22.04%	-17.00%
Volatility (6M) Calculated over the trailing 6-month period	10.74%	32.49%	-21.75%
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	38.78%	-24.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.79%	37.34%	-18.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	37.24%	-18.36%

XLG vs. SOXQ - Expense Ratio Comparison

XLG has a 0.20% expense ratio, which is higher than SOXQ's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XLG vs. SOXQ - Dividend Comparison

XLG's dividend yield for the trailing twelve months is around 0.66%, more than SOXQ's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
XLG Invesco S&P 500 Top 50 ETF	0.66%	0.64%	0.72%	0.97%	1.34%	0.94%	1.25%	1.58%	2.00%	1.85%	2.00%	2.09%

Frequently Asked Questions

Can I hold both XLG and SOXQ in my portfolio?

XLG and SOXQ have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLG or SOXQ?

SOXQ has higher volatility (22.04%) compared to XLG (5.04%). In terms of maximum drawdown, XLG dropped -52.39% vs SOXQ's -46.01%.

Which ETF is better, XLG or SOXQ?

On 5-year performance, SOXQ leads with 34.04% vs 14.28% for XLG. On fees, SOXQ is cheaper at 0.19% per year. On volatility, XLG has been the lower-risk option at 5.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLG or SOXQ?

Over the 5-year period, SOXQ has performed better with a 34.04% return vs 14.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLG or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.20% for XLG.

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

XLG has the higher dividend yield at 0.66%, compared with 0.27% for SOXQ.

What is the main difference between XLG and SOXQ?

XLG is categorized as S&P 500, while SOXQ is Semiconductors. XLG tracks S&P 500 Top 50 Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.20% for XLG and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (4.11 vs 1.44), 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.