SOXQ vs SPY
Invesco PHLX Semiconductor ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SOXQ or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SOXQ led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 61.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SOXQ | SPY |
|---|---|---|
| Expense Ratio | 0.19% | 0.09%Best |
| AUM | $2.9B | $804.7B |
| Dividend Yield | 0.31% | 0.98% |
| Holdings | 33 | 505 |
| YTD Return | +58.04%Best | +11.52% |
| 1Y Return | +95.71%Best | +17.48% |
| 3Y Return (annualized) | +49.11%Best | +20.62% |
| 5Y Return (annualized) | +28.84%Best | +12.73% |
| Volatility (annualized) | 36.0% | 15.6%Best |
| Max Drawdown | -46.0% | -24.5%Best |
| $10,000 over 5 years | $35,502Best | $18,205 |
| Top 10 Weight | 61.8% | 38.0%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jun 11, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jun 11, 2021 to Sep 10, 2026 (5.2 years).
SOXQ vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.2 years both funds cover.
SOXQ vs SPY Performance
Invesco PHLX Semiconductor ETF (SOXQ) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SOXQ returned +95.71% while SPY returned +17.48%. Year to date, SOXQ is up 58.04% versus a gain of 11.52% for SPY.
Over three years, SOXQ compounded at +49.11% per year against +20.62% for SPY; over five years the annualized figures are +28.84% and +12.73% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SOXQ has been the more volatile fund, with annualized monthly volatility of 36.0% compared with 15.6% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -46.0% for SOXQ and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SOXQ charges 0.19% per year while SPY charges 0.09%. On a $10,000 position that is $19 vs $9 annually, a gap of $10 per year that compounds over a long holding period. On income, SOXQ currently yields 0.31% against 0.98% for SPY.
Holdings Overlap
76.8% of SOXQ's money is in holdings SPY also owns. 16.3% of SPY's money is in holdings SOXQ also owns.
Most of SOXQ is already inside SPY. Owning both mostly buys the same companies twice.
18 positions in common, counted across the 31 positions we hold weights for in SOXQ and 504 in SPY, against full books of 33 and 505.
What only one of them owns
Our book lists 476 positions for SPY that do not appear in our book for SOXQ (83.2% of the fund), and 9 for SOXQ that do not appear in SPY (8.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SOXQ | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 12.80% | 7.71% | 5.09% |
| AVGOBroadcom Inc | 9.94% | 2.97% | 6.97% |
| MUMicron Technology, Inc. | 7.82% | 1.51% | 6.31% |
| AMATApplied Materials, Inc. | 5.16% | 0.65% | 4.51% |
| LRCXLam Research Corp | 4.24% | 0.60% | 3.64% |
| MRVLMarvell Technology Group Ltd | 4.53% | 0.29% | 4.24% |
| KLACKla Corp. | 4.32% | 0.38% | 3.94% |
| INTCIntel Corp. | 3.74% | 0.72% | 3.02% |
| TXNTexas Instruments, Inc | 3.96% | 0.39% | 3.57% |
| ADIAnalog Devices, Inc. | 3.91% | 0.28% | 3.63% |
76.8% of SOXQ is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SOXQ or SPY?
SOXQ has an expense ratio of 0.19% while SPY charges 0.09%. SPY is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, SOXQ or SPY?
Over the past year SOXQ returned +95.71% vs +17.48% for SPY, so SOXQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SOXQ or SPY?
SOXQ has been the more volatile fund at 36.0% annualized versus 15.6% for SPY. Worst drawdown: SOXQ -46.0% vs SPY -24.5%.
Should I hold both SOXQ and SPY?
SOXQ and SPY have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SOXQ and SPY?
76.8% of SOXQ's money is in holdings SPY also owns. 16.3% of SPY's is in holdings SOXQ also owns. They hold 18 positions in common, counted across the 31 positions we hold weights for in SOXQ and 504 in SPY.
Which pays a higher dividend, SOXQ or SPY?
SOXQ yields 0.31% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than SOXQ?
SPY has a lower expense ratio. SOXQ led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 61.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.