XSHD vs. SOXQ

Last updated Aug 4, 2026

XSHD (Invesco S&P SmallCap High Dividend Low Volatility ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - XSHD is a Dividend fund tracking the S&P SmallCap 600 Low Volatility High Dividend Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 5 years, XSHD returned -2.71%/yr vs 28.30%/yr for SOXQ. Their 0.37 correlation means their historical movements had little consistent relationship. XSHD charges 0.30%/yr vs 0.19%/yr for SOXQ.

Performance

XSHD vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) 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, XSHD achieves a 14.67% return, which is significantly lower than SOXQ's 61.64% return.

XSHD

• 1D: 0.71%
• 1M: 0.27%
• 6M: 7.76%
• YTD: 14.67%
• 1Y: 16.47%
• 3Y*: 2.14%
• 5Y*: -2.71%
• 10Y*: —
• ALL TIME*: -0.02%

SOXQ

• 1D: 1.04%
• 1M: -9.38%
• 6M: 40.74%
• YTD: 61.64%
• 1Y: 107.64%
• 3Y*: 46.52%
• 5Y*: 28.30%
• 10Y*: —
• ALL TIME*: 29.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SOXQ Invesco PHLX Semiconductor ETF	$211.18M	$220.46M	$283.01M
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF	$445.72K	$396.15K	$476.24K

XSHD vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF	14.67%	-6.41%	-5.25%	3.00%	-19.48%	-4.19%
SOXQ Invesco PHLX Semiconductor ETF	61.64%	43.11%	20.16%	66.74%	-35.59%	25.19%

Correlation

The correlation between XSHD and SOXQ is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.11
Correlation (3Y) Balances recent behavior with more history.	0.28
Correlation (5Y) Shows whether the relationship held over a longer period.	0.38
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.37

Over the past year, the correlation between XSHD and SOXQ has dropped to 0.11 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

XSHD vs. SOXQ - Sectors Allocation Comparison

Sectors	XSHD	SOXQ
Real Estate	40.3%	-
Consumer Defensive	12.1%	-
Utilities	11.5%	-
Industrials	10.5%	-
Energy	7.6%	-
Basic Materials	6.7%	-
Consumer Cyclical	4.6%	-
Communication Services	4.2%	-
Healthcare	0.6%	-
Financial Services	0.1%	0.1%
Technology	-	99.9%

Return for Risk

XSHD vs. SOXQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XSHD

XSHD Risk / Return Rank: 43
XSHD Sharpe Ratio Rank: 43
XSHD Sortino Ratio Rank: 46
XSHD Omega Ratio Rank: 41
XSHD Calmar Ratio Rank: 43
XSHD Martin Ratio Rank: 40

SOXQ

SOXQ Risk / Return Rank: 88
SOXQ Sharpe Ratio Rank: 93
SOXQ Sortino Ratio Rank: 84
SOXQ Omega Ratio Rank: 85
SOXQ Calmar Ratio Rank: 89
SOXQ Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XSHD vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) 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.

	XSHD	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	1.11	2.50	-1.39
Sortino ratio: Return per unit of downside risk	1.73	2.80	-1.06
Omega ratio: Gain probability vs. loss probability	1.20	1.38	-0.18
Calmar ratio: Return relative to maximum drawdown	1.57	3.79	-2.22
Martin ratio: Return relative to average drawdown	4.41	15.50	-11.09

XSHD vs. SOXQ - Sharpe Ratio Comparison

The current XSHD Sharpe Ratio is 1.11, which is lower than the SOXQ Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of XSHD 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

XSHD vs. SOXQ - Drawdown Comparison

The maximum XSHD drawdown since its inception was -49.53%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for XSHD and SOXQ.

Drawdown Indicators

	XSHD	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-49.53%	-46.01%	-3.52%
Max Drawdown (1Y) Largest decline over 1 year	-10.51%	-28.56%	+18.05%
Max Drawdown (3Y) Largest decline over 3 years	-20.77%	-39.36%	+18.59%
Max Drawdown (5Y) Largest decline over 5 years	-34.67%	-46.01%	+11.34%
Current Drawdown Current decline from peak	-20.14%	-21.83%	+1.69%
Average Drawdown Average peak-to-trough decline	-16.44%	-12.92%	-3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	6.97%	-3.23%

Volatility

XSHD vs. SOXQ - Volatility Comparison

The current volatility for Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) is 4.69%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 16.48%. This indicates that XSHD 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

	XSHD	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	16.48%	-11.79%
Volatility (6M) Calculated over the trailing 6-month period	10.22%	37.48%	-27.26%
Volatility (1Y) Calculated over the trailing 1-year period	14.94%	43.45%	-28.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.81%	38.30%	-19.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.14%	37.92%	-15.78%

XSHD vs. SOXQ - Expense Ratio Comparison

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

Dividends

XSHD vs. SOXQ - Dividend Comparison

XSHD's dividend yield for the trailing twelve months is around 4.89%, more than SOXQ's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SOXQ Invesco PHLX Semiconductor ETF	0.32%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF	4.89%	6.45%	7.25%	7.62%	6.77%	3.86%	5.55%	4.88%	5.49%	4.11%	0.41%

Frequently Asked Questions

Can I hold both XSHD and SOXQ in my portfolio?

XSHD and SOXQ 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, XSHD or SOXQ?

SOXQ has higher volatility (16.48%) compared to XSHD (4.69%). In terms of maximum drawdown, XSHD dropped -49.53% vs SOXQ's -46.01%.

Which ETF is better, XSHD or SOXQ?

On 5-year performance, SOXQ leads with 28.30% vs -2.71% for XSHD. On fees, SOXQ is cheaper at 0.19% per year. On volatility, XSHD has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSHD or SOXQ?

Over the 5-year period, SOXQ has performed better with a 28.30% return vs -2.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSHD or SOXQ?

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

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

XSHD has the higher dividend yield at 4.89%, compared with 0.32% for SOXQ.

What is the main difference between XSHD and SOXQ?

XSHD is categorized as Dividend, while SOXQ is Semiconductors. XSHD tracks S&P SmallCap 600 Low Volatility High Dividend Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.30% for XSHD and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (2.50 vs 1.11), 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.