SOXQ
Invesco PHLX Semiconductor ETF
SOXQ tracks a modified market-cap-weighted index of 30 US-listed semiconductor companies.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
473.2 M
ASSETS UNDER MGMT
19 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 11, 2021 |
| Assets (mns) | $473 |
| Expense ratio | 19 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 15.2 % |
| BROADCOM INC. | 10.8 % |
| ADVANCED MICRO DEVICES | 7.8 % |
| MARVELL TECHNOLOGY, INC. | 4.9 % |
| INTEL CORP | 4.7 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 4.6 % |
| MICRON TECHNOLOGY INC | 4.3 % |
| TEXAS INSTRUMENTS INC | 4.0 % |
| QUALCOMM INC | 3.9 % |
| ANALOG DEVICES INC | 3.8 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 632 |
| Wgt avg mkt cap (mns) | $458,587 |
| Large cap (>$10bn) | 98.2% |
| Mid cap ($2-10bn) | 1.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 95.6% |
| Emerging mkts. | 4.4% |
Country Exposure
 |
UNITED STATES | 86.1 % |
 |
NETHERLANDS | 6.7 % |
 |
TAIWAN | 4.6 % |
 |
BRITAIN | 1.3 % |
Historical Performance
Standardized Performance (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.7% | 53.4% | 21.0% | -- | -- | -- | 19.2% | Volatility | 36.3% | 34.7% | 33.6% | 36.4% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.60 | 68% |
| MSCI EAFE | 1.35 | 50% |
| MSCI Emg Mkts | 1.26 | 43% |
Liquidity Measures
| Avg. volume (000) | 463 |
| Turnover | 3.7% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $67,091 |
Technical Indicators
| Recent close | $38.05 |
| 30d moving avg. | $40.82 |
| Annualized volatility | 33.8% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 1.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SOXQ |
Expenses vs. SOXQ |
ALTAR Score™ vs. SOXQ |
|---|---|---|---|---|
| SOXX | iShares Semiconductor ETF | 87.2% | +16 bp | +1.3% |
| SMH | VanEck Semiconductor ETF | 73.8% | +16 bp | +0.0% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 71.9% | +41 bp | +1.9% |
| SHOC | Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF | 68.8% | +21 bp | +0.1% |
| PSI | Invesco Semiconductors ETF | 45.8% | +38 bp | +1.1% |
| XSD | SPDR S&P Semiconductor ETF | 41.6% | +16 bp | -0.3% |
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 39.4% | +38 bp | +0.7% |
| IQM | Franklin Intelligent Machines ETF | 37.1% | +31 bp | -2.0% |
| XNTK | SPDR NYSE Technology ETF | 35.8% | +16 bp | -1.1% |
| WUGI | AXS Esoterica NextG Economy ETF | 34.1% | +56 bp | -2.8% |
Risk and Returns: SOXQ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SOXQ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
SOXQ
5.3%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. SOXQ's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places SOXQ in the 48th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SOXQSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| SOXQ (19 bp) Percentile rank | 20 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SOXQ | 19.0 | 10.0 | 29 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .