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^SOX vs. TLT
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ^SOX and TLT is -0.27. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

^SOX vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PHLX Semiconductor Index (^SOX) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

0.00%500.00%1,000.00%1,500.00%December2025FebruaryMarchAprilMay
1,306.49%
128.04%
^SOX
TLT

Key characteristics

Sharpe Ratio

^SOX:

-0.17

TLT:

0.03

Sortino Ratio

^SOX:

-0.16

TLT:

0.14

Omega Ratio

^SOX:

0.98

TLT:

1.02

Calmar Ratio

^SOX:

-0.34

TLT:

0.01

Martin Ratio

^SOX:

-0.79

TLT:

0.05

Ulcer Index

^SOX:

17.13%

TLT:

7.78%

Daily Std Dev

^SOX:

43.24%

TLT:

14.44%

Max Drawdown

^SOX:

-87.15%

TLT:

-48.35%

Current Drawdown

^SOX:

-24.97%

TLT:

-42.17%

Returns By Period

In the year-to-date period, ^SOX achieves a -11.03% return, which is significantly lower than TLT's 0.93% return. Over the past 10 years, ^SOX has outperformed TLT with an annualized return of 20.16%, while TLT has yielded a comparatively lower -0.61% annualized return.


^SOX

YTD

-11.03%

1M

24.35%

6M

-16.94%

1Y

-7.51%

5Y*

19.91%

10Y*

20.16%

TLT

YTD

0.93%

1M

-1.26%

6M

-2.78%

1Y

0.41%

5Y*

-9.53%

10Y*

-0.61%

*Annualized

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Risk-Adjusted Performance

^SOX vs. TLT — Risk-Adjusted Performance Rank

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

^SOX
The Risk-Adjusted Performance Rank of ^SOX is 1717
Overall Rank
The Sharpe Ratio Rank of ^SOX is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of ^SOX is 2121
Sortino Ratio Rank
The Omega Ratio Rank of ^SOX is 2020
Omega Ratio Rank
The Calmar Ratio Rank of ^SOX is 99
Calmar Ratio Rank
The Martin Ratio Rank of ^SOX is 1515
Martin Ratio Rank

TLT
The Risk-Adjusted Performance Rank of TLT is 2020
Overall Rank
The Sharpe Ratio Rank of TLT is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of TLT is 2020
Sortino Ratio Rank
The Omega Ratio Rank of TLT is 1919
Omega Ratio Rank
The Calmar Ratio Rank of TLT is 2121
Calmar Ratio Rank
The Martin Ratio Rank of TLT is 2121
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

^SOX vs. TLT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PHLX Semiconductor Index (^SOX) and iShares 20+ Year Treasury Bond ETF (TLT). 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.


The current ^SOX Sharpe Ratio is -0.17, which is lower than the TLT Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of ^SOX and TLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50December2025FebruaryMarchAprilMay
-0.17
0.03
^SOX
TLT

Drawdowns

^SOX vs. TLT - Drawdown Comparison

The maximum ^SOX drawdown since its inception was -87.15%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for ^SOX and TLT. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%December2025FebruaryMarchAprilMay
-24.97%
-42.17%
^SOX
TLT

Volatility

^SOX vs. TLT - Volatility Comparison

PHLX Semiconductor Index (^SOX) has a higher volatility of 21.50% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 4.71%. This indicates that ^SOX's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%December2025FebruaryMarchAprilMay
21.50%
4.71%
^SOX
TLT