Invesco PHLX Semiconductor ETF (SOXQ)

Market Price (10/21/2026): $90.18

Invesco PHLX Semiconductor ETF (SOXQ)

Market Price (10/21/2026): $90.18

Key Takeaways

SOXQ has returned +59.5% YTD vs +13.4% for SPY; +64.4% over the past 12 months (SPY +15.5%). details →
Priced in gold, SOXQ has returned +64.4% over the past 3 years, vs +245.6% in dollars. details →
Over the past month, SOXQ has seen net outflows of −$5M (−0.2% of assets). details →
SOXQ's +59.5% YTD is ahead of its typical pace — it averaged +13.4% at this point (October 20) over the past 4 years. details →
SOXQ trades 23% below its 52-week high. details →

Last updated: 10/20/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with SOXQ

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+11.5%

Volatility

16.1%

Sharpe

0.58

YTD

+34.2%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	SOXQ	25.0%	-0.3%	-7.6%	-9.3%	59.5%
Bond	BND	50.0%	0.2%	0.6%	-0.6%	-1.5%
Gold	GLD	10.0%	-0.5%	-1.1%	-5.2%	-4.7%
Commodity	DBC	2.5%	0.0%	0.6%	3.4%	50.6%
Real Estate	VNQ	5.0%	1.7%	1.3%	-0.8%	7.2%
Bitcoin	BTCUSD	0.0%	-0.6%	-2.1%	-6.1%	-7.0%
Cash	GOVT	7.5%	0.2%	0.7%	-0.6%	-1.8%
Conservative Portfolio		100.0%	0.1%	-1.6%	-3.1%	15.1%

	ETF	%	1D	1W	1M	YTD
Equity	SOXQ	55.0%	-0.3%	-7.6%	-9.3%	59.5%
Bond	BND	25.0%	0.2%	0.6%	-0.6%	-1.5%
Gold	GLD	7.0%	-0.5%	-1.1%	-5.2%	-4.7%
Commodity	DBC	4.0%	0.0%	0.6%	3.4%	50.6%
Real Estate	VNQ	5.0%	1.7%	1.3%	-0.8%	7.2%
Bitcoin	BTCUSD	2.0%	-0.6%	-2.1%	-6.1%	-7.0%
Cash	GOVT	2.0%	0.2%	0.7%	-0.6%	-1.8%
Moderate Portfolio		100.0%	-0.1%	-4.0%	-5.6%	34.2%

	ETF	%	1D	1W	1M	YTD
Equity	SOXQ	80.0%	-0.3%	-7.6%	-9.3%	59.5%
Bond	BND	5.0%	0.2%	0.6%	-0.6%	-1.5%
Gold	GLD	3.0%	-0.5%	-1.1%	-5.2%	-4.7%
Commodity	DBC	2.2%	0.0%	0.6%	3.4%	50.6%
Real Estate	VNQ	4.5%	1.7%	1.3%	-0.8%	7.2%
Bitcoin	BTCUSD	5.2%	-0.6%	-2.1%	-6.1%	-7.0%
Cash	GOVT	0.0%	0.2%	0.7%	-0.6%	-1.8%
Aggressive Portfolio		100.0%	-0.2%	-6.1%	-7.9%	48.5%

	ETF	%	Return	Volatility	Sharpe
Equity	SOXQ	25.0%	0.0%	26.6%	0.49
Bond	BND	50.0%	1.3%	5.2%	-0.28
Gold	GLD	10.0%	12.1%	15.4%	0.64
Commodity	DBC	2.5%	8.2%	17.3%	0.36
Real Estate	VNQ	5.0%	5.2%	17.6%	0.21
Bitcoin	BTCUSD	0.0%	62.9%	76.6%	0.97
Cash	GOVT	7.5%	0.4%	4.9%	-0.48
Conservative Portfolio		100.0%	6.3%	9.2%	0.40

	ETF	%	Return	Volatility	Sharpe
Equity	SOXQ	55.0%	0.0%	26.6%	0.49
Bond	BND	25.0%	1.3%	5.2%	-0.28
Gold	GLD	7.0%	12.1%	15.4%	0.64
Commodity	DBC	4.0%	8.2%	17.3%	0.36
Real Estate	VNQ	5.0%	5.2%	17.6%	0.21
Bitcoin	BTCUSD	2.0%	62.9%	76.6%	0.97
Cash	GOVT	2.0%	0.4%	4.9%	-0.48
Moderate Portfolio		100.0%	11.5%	16.1%	0.58

	ETF	%	Return	Volatility	Sharpe
Equity	SOXQ	80.0%	0.0%	26.6%	0.49
Bond	BND	5.0%	1.3%	5.2%	-0.28
Gold	GLD	3.0%	12.1%	15.4%	0.64
Commodity	DBC	2.2%	8.2%	17.3%	0.36
Real Estate	VNQ	4.5%	5.2%	17.6%	0.21
Bitcoin	BTCUSD	5.2%	62.9%	76.6%	0.97
Cash	GOVT	0.0%	0.4%	4.9%	-0.48
Aggressive Portfolio		100.0%	16.4%	22.6%	0.66

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SOXQ	25.0%	-42.8%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-20.5%	-5.4%	0.4%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SOXQ	55.0%	-42.8%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-29.6%	-10.2%	-2.9%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SOXQ	80.0%	-42.8%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-39.0%	-22.3%	-13.2%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

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Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

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[2] Tax-Efficient Strategies

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	10/31/27	10/21/26	2025	2024	2023	2022	2021
Share Price CYE		$88.77	$55.67	$38.90	$32.37	$19.41	$30.14
Dividend/Share TTM		$0.21	$0.28	$0.27	$0.29	$0.27	$0.23
Valuation [1]
P/S	8.20	12.78	9.23	8.49	6.70	4.12	7.79
P/E		44.59	43.63	34.28	29.43	17.28	30.42
P/E (Non-GAAP) [2]	23.51	34.76	33.96	32.60	32.69	20.92	34.56
P/FCF		66.79	54.27	38.53	32.45	21.79	30.84
Yields TTM
Earnings Yield	4.25%	2.24%	2.29%	2.92%	3.40%	5.79%	3.29%
Dividend Yield	0.24%	0.24%	0.50%	0.69%	0.88%	1.39%	0.75%
Total Yield (TY)	4.49%	2.48%	2.79%	3.60%	4.28%	7.18%	4.04%
Risk Premium [3]
Risk Free Rate (Rf)	5.15%	5.15%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	-0.66%	-2.67%	-1.39%	-0.98%	0.40%	3.30%	2.52%
Growth Rates [6]
Sales Growth	31.0%	26.6%	16.3%	4.2%	-5.0%	12.9%
Earnings Growth [7]	33.7%	86.4%	52.0%	-11.2%	-24.7%	7.5%

[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
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Highlights

YIELD

SOXQ's earnings yield is 2.24%, based on its 44.6x trailing P/E. With a 0.24% dividend yield, SOXQ is yielding 2.48% in total.

RISK

Compared to US Treasuries at 5.15%, SOXQ's total yield implies a -2.67% risk premium. A negative risk premium means investors earn less than risk-free Treasuries — valuations are historically stretched, though expectations of falling interest rates or fast earnings growth can justify such levels.

FORWARD EXPECTATIONS

Based on analyst estimates, SOXQ's forward total yield is 4.49%, implying a -0.66% risk premium assuming stable Treasury rates.

Top 20 Holdings for SOXQ

Total Weights
Top 5: 38.1% | Top 10: 58.9% | Top 20: 88.7%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		88.32%	100.00%	100.00%	7.4	17.8	+31.0%	+33.7%
Top 20		80.78%	88.59%	95.31%	7.5	17.4	+32.1%	+33.5%
NVDA	NVIDIA	11.74%	9.02%	18.44%	8.4	15.3	+69.6%	+68.4%
AVGO	Broadcom	9.12%	6.77%	9.34%	9.5	17.3	+64.2%	+65.0%
MU	Micron Technology	7.52%	13.13%	26.90%	3.6	5.0	+17.0%	+13.1%
AMD	Advanced Micro Devices	4.87%	3.06%	1.53%	10.4	35.9	+76.0%	+114.3%
MRVL	Marvell Technology	4.80%	2.79%	2.50%	12.2	39.4	+61.9%	+65.2%
INTC	Intel	4.34%	7.03%	—	6.5	43.9	+16.3%	+42.5%
ADI	Analog Devices	4.33%	4.13%	3.96%	10.6	24.4	+22.5%	+20.8%
TXN	Texas Instruments	4.17%	4.25%	4.25%	10.3	28.1	+14.4%	+18.0%
TSM	Taiwan Semiconductor Manufacturing	4.05%	—	—	—	—	—	—
KLAC	KLA	3.97%	3.38%	3.87%	10.9	27.5	+20.2%	+21.9%
QCOM	Qualcomm	3.92%	12.36%	8.34%	4.1	17.0	+16.1%	+24.3%
ASML	ASML	3.83%	—	—	—	—	—	—
AMAT	Applied Materials	3.83%	4.87%	4.71%	6.9	22.1	+36.5%	+39.9%
LRCX	Lam Research	3.78%	3.53%	3.55%	8.8	25.7	+20.4%	+23.8%
MPWR	Monolithic Power Systems	2.78%	1.97%	1.55%	11.9	36.6	+29.2%	+31.0%
TER	Teradyne	2.55%	2.87%	2.38%	8.6	30.0	+22.0%	+26.8%
NXPI	NXP Semiconductors	2.45%	0.71%	0.52%	38.1	134.4	+12.1%	+19.1%
COHR	Coherent	2.44%	5.08%	1.84%	3.8	19.7	+38.2%	+53.4%
ALAB	Astera Labs	2.42%	0.79%	0.78%	17.0	45.2	+61.7%	+61.5%
MCHP	Microchip Technology	1.73%	2.86%	0.86%	5.9	17.2	+16.5%	+26.3%

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 10/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 10/31/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for SOXQ Top Holdings

Ticker	Holding	Weight	Mkt Price 10/20	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
SOXQ	Invesco PHLX Semiconductor ETF	100.00%	88.77	-0.3%	-5.4%	59.5%	64.4%	245.6%	244.0%
NVDA	NVIDIA	11.74%	216.47	-0.3%	-2.6%	16.3%	18.8%	424.6%	858.1%	12,964.8%
AVGO	Broadcom	9.12%	334.37	-0.1%	-6.3%	-2.9%	-3.5%	304.6%	610.4%	2,384.5%
MU	Micron Technology	7.52%	896.07	-1.0%	-11.8%	214.2%	333.9%	1,245.9%	1,237.1%	5,325.4%
AMD	Advanced Micro Devices	4.87%	534.74	-0.6%	-4.5%	149.7%	122.3%	425.2%	348.1%	8,101.5%
MRVL	Marvell Technology	4.80%	240.42	1.4%	-1.5%	183.4%	180.6%	390.1%	264.9%	1,896.7%
INTC	Intel	4.34%	91.69	-0.4%	-15.6%	148.5%	140.7%	167.0%	77.8%	221.9%
ADI	Analog Devices	4.33%	397.05	0.7%	5.7%	47.7%	63.3%	149.9%	141.4%	659.1%
TXN	Texas Instruments	4.17%	277.78	0.6%	4.2%	62.8%	58.7%	104.8%	59.0%	421.8%
TSM	Taiwan Semiconductor Manufacturing	4.05%	425.08	1.2%	-2.2%	41.0%	44.3%	384.4%	295.6%	1,622.4%
KLAC	KLA	3.97%	161.74	-2.8%	-8.6%	33.6%	41.0%	258.2%	406.1%	2,472.8%
QCOM	Qualcomm	3.92%	175.71	1.3%	-1.1%	4.3%	7.4%	72.4%	47.2%	238.9%
ASML	ASML	3.83%	1,630.84	-1.0%	-2.9%	53.2%	57.5%	188.2%	117.0%	1,600.6%
AMAT	Applied Materials	3.83%	404.98	-2.0%	-8.9%	58.1%	78.5%	209.1%	216.5%	1,484.9%
LRCX	Lam Research	3.78%	263.45	-3.2%	-8.5%	54.4%	83.7%	349.9%	399.0%	2,983.5%
MPWR	Monolithic Power Systems	2.78%	1,248.74	-0.4%	2.7%	38.5%	21.9%	203.8%	150.3%	1,644.6%
TER	Teradyne	2.55%	336.59	0.3%	-9.4%	74.1%	142.3%	270.9%	191.9%	1,558.3%
NXPI	NXP Semiconductors	2.45%	237.60	3.2%	4.2%	10.9%	10.0%	34.9%	29.4%	166.3%
COHR	Coherent	2.44%	231.80	-0.1%	-27.0%	25.6%	92.8%	647.5%	291.9%	786.4%
ALAB	Astera Labs	2.42%	284.80	-0.6%	-6.1%	71.2%	82.2%
MCHP	Microchip Technology	1.73%	75.85	1.9%	3.5%	21.1%	16.1%	8.6%	11.3%	207.9%

Guidance Updates for SOXQ Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
ADI_8192026	ADI	Analog Devices	8/19/2026	Q4 2026 Revenue	4.30 Bil	10.3%	Higher NewNew Guidance Higher than Prior Actual of 3.90 Bil for Q3 2026
ALAB_8042026	ALAB	Astera Labs	8/4/2026	Q3 2026 Revenue	550.00 Mil	52.8%	Higher NewNew Guidance Higher than Prior Actual of 360.00 Mil for Q2 2026
AMAT_8132026	AMAT	Applied Materials	8/13/2026	Q4 2026 Revenue	10.25 Bil	14.5%	Higher NewNew Guidance Higher than Prior Actual of 8.95 Bil for Q3 2026
AMD_8042026	AMD	Advanced Micro Devices	8/4/2026	Q3 2026 Revenue	13.00 Bil	16.1%	Higher NewNew Guidance Higher than Prior Actual of 11.20 Bil for Q2 2026
AVGO_9022026	AVGO	Broadcom	9/2/2026	Q4 2026 Revenue	34.80 Bil	18.4%	Higher NewNew Guidance Higher than Prior Actual of 29.40 Bil for Q3 2026
COHR_8122026	COHR	Coherent	8/12/2026	Q1 2027 Revenue	2.30 Bil	16.2%	Higher NewNew Guidance Higher than Prior Actual of 1.98 Bil for Q4 2026
INTC_7232026	INTC	Intel	7/23/2026	Q3 2026 Revenue	16.30 Bil	14.0%	Higher NewNew Guidance Higher than Prior Actual of 14.30 Bil for Q2 2026
KLAC_7282026	KLAC	KLA	7/28/2026	Q1 2027 Revenue	4.00 Bil	11.9%	Higher NewNew Guidance Higher than Prior Actual of 3.58 Bil for Q4 2026
LRCX_7292026	LRCX	Lam Research	7/29/2026	Q3 2026 Revenue	8.10 Bil	22.7%	Higher NewNew Guidance Higher than Prior Actual of 6.60 Bil for Q2 2026
MCHP_8062026	MCHP	Microchip Technology	8/6/2026	Q2 2027 Net Sales	1.60 Bil	10.2%	Higher NewNew Guidance Higher than Prior Actual of 1.46 Bil for Q1 2027
MPWR_7302026	MPWR	Monolithic Power Systems	7/30/2026	Q3 2026 Revenue	1.15 Bil	27.8%	Higher NewNew Guidance Higher than Prior Actual of 900.00 Mil for Q2 2026
MRVL_8272026	MRVL	Marvell Technology	8/27/2026	Q3 2027 Net Revenue	3.15 Bil	16.7%	Higher NewNew Guidance Higher than Prior Actual of 2.70 Bil for Q2 2027
MU_9302026	MU	Micron Technology	9/30/2026	Q1 2027 Revenue	61.50 Bil	23.0%	Higher NewNew Guidance Higher than Prior Actual of 50.00 Bil for Q4 2026
NVDA_8262026	NVDA	NVIDIA	8/26/2026	Q3 2027 Revenue	108.00 Bil	18.7%	Higher NewNew Guidance Higher than Prior Actual of 91.00 Bil for Q2 2027
NXPI_7282026	NXPI	NXP Semiconductors	7/28/2026	Q3 2026 Revenue	3.75 Bil	8.7%	Higher NewNew Guidance Higher than Prior Actual of 3.45 Bil for Q2 2026
QCOM_7292026	QCOM	Qualcomm	7/29/2026	Q4 2026 Revenue	10.10 Bil	5.2%	RaisedRaised Prior Guidance of 9.60 Bil for Q3 2026
TXN_7222026	TXN	Texas Instruments	7/22/2026	Q3 2026 Revenue	5.90 Bil	13.5%	Higher NewNew Guidance Higher than Prior Actual of 5.20 Bil for Q2 2026

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
SOXQ Return	25%	-36%	67%	20%	43%	60%	269%
Peers Return	15%	-20%	33%	13%	40%	32%	159%
S&P 500 Return	27%	-19%	24%	23%	16%	12%	104%
Monthly Win Rates [3]
SOXQ Win Rate	86%	42%	67%	58%	67%	70%
Peers Win Rate	58%	45%	62%	58%	67%	64%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
SOXQ Max Drawdown	-	-46%	-17%	-25%	-35%	-29%
Peers Max Drawdown	-20%	-37%	-19%	-18%	-26%	-20%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: SMH, SOXX, IBB, XBI, ITA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/20/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
SOXQ	1.67	1.20	0.82
Equity Top Results (3Y)
IALT	2.30	2.30	2.30
VLUE	2.18	1.44	0.76
SPMO	0.89	1.43	0.86
SMH	1.69	1.38	0.95
CGDV	1.03	1.35	0.89

Results as of 9302026.

Event	SOXQ	S&P 500
2025 US Tariff Shock
% Loss	-32.7%	-18.8%
% Gain to Breakeven	48.6%	23.1%
Time to Breakeven	77 days	79 days
2024 Yen Carry Trade Unwind
% Loss	-25.1%	-7.8%
% Gain to Breakeven	33.6%	8.5%
Time to Breakeven	371 days	18 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-15.0%	-9.5%
% Gain to Breakeven	17.7%	10.5%
Time to Breakeven	18 days	24 days
2022 Inflation Shock & Fed Tightening
% Loss	-46.0%	-24.5%
% Gain to Breakeven	85.0%	32.4%
Time to Breakeven	425 days	427 days

Compare to SMH, SOXX, IBB, XBI, ITA

In The Past

Invesco PHLX Semiconductor ETF's stock fell -32.7% during the 2025 US Tariff Shock. Such a loss loss requires a 48.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	SOXQ	S&P 500
2025 US Tariff Shock
% Loss	-32.7%	-18.8%
% Gain to Breakeven	48.6%	23.1%
Time to Breakeven	77 days	79 days
2024 Yen Carry Trade Unwind
% Loss	-25.1%	-7.8%
% Gain to Breakeven	33.6%	8.5%
Time to Breakeven	371 days	18 days
2022 Inflation Shock & Fed Tightening
% Loss	-46.0%	-24.5%
% Gain to Breakeven	85.0%	32.4%
Time to Breakeven	425 days	427 days

Compare to SMH, SOXX, IBB, XBI, ITA

In The Past

Invesco PHLX Semiconductor ETF's stock fell -32.7% during the 2025 US Tariff Shock. Such a loss loss requires a 48.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

SOXQ Dip Buy History

SOXQ had 6 events since 6/11/2021 where the dip threshold of -5.0% within 60 trading days was triggered

53% median peak return within 1 year of dip event
308 days is the median time to peak return after a dip event
-21% median max drawdown within 1 year of dip event

60 Trading-Day Dip			SOXQ Subsequent Performance
Date	SOXQ	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			32%	53%	-21%	308
8/20/2026	-8%	2%			-6%	47
11/15/2024	-5%	6%	32%	53%	-26%	348
8/5/2024	-6%	0%	27%	29%	-21%	359
9/21/2023	-8%	-1%	52%	78%	-5%	293
5/4/2023	-6%	-2%	66%	77%	0%	308
1/27/2022	-7%	-6%	-10%	13%	-33%	13

[1] Dip event: the stock fell more than 5.0% over 60 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/20/2026

SOXQ had 6 events since 6/11/2021 where the dip threshold of -10% within 90 trading days was triggered

46% median peak return within 1 year of dip event
351 days is the median time to peak return after a dip event
-22% median max drawdown within 1 year of dip event

90 Trading-Day Dip			SOXQ Subsequent Performance
Date	SOXQ	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			46%	46%	-22%	351
10/12/2026	-12%	3%			-9%	0
3/3/2025	-12%	0%	72%	86%	-22%	359
11/12/2024	-11%	8%	32%	44%	-30%	351
10/23/2023	-12%	-3%	57%	80%	-4%	261
12/9/2022	-10%	-5%	46%	46%	-10%	368
3/14/2022	-14%	-9%	-1%	19%	-29%	15

[1] Dip event: the stock fell more than 10% over 90 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/20/2026

SOXQ had 2 events since 6/11/2021 where the dip threshold of -20% within 180 trading days was triggered

68% median peak return within 1 year of dip event
359 days is the median time to peak return after a dip event
-19% median max drawdown within 1 year of dip event

180 Trading-Day Dip			SOXQ Subsequent Performance
Date	SOXQ	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			60%	68%	-19%	359
3/10/2025	-23%	3%	78%	93%	-19%	352
6/13/2022	-22%	-15%	42%	42%	-19%	366

[1] Dip event: the stock fell more than 20% over 180 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/20/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
QQQ	Invesco QQQ Trust, Series 1	-5.5%	717.63	10202026	759.66	10062026	14
QQQM	Invesco NASDAQ 100 ETF	-5.5%	295.59	10202026	312.76	10062026	14
QQEW	First Trust Nasdaq-100 Select Equal Weight ETF	-5.8%	157.34	10202026	167.03	8132026	68
IJH	iShares Core S&P Mid-Cap ETF	-7.1%	73.09	10202026	78.67	8162026	65
MDY	State Street SPDR S&P MIDCAP 400 ETF Trust	-7.0%	666.92	10202026	716.91	8162026	65
SCHM	Schwab U.S. Mid-Cap ETF	-6.2%	34.59	10202026	36.87	6302026	112
IVOO	Vanguard S&P Mid-Cap 400 ETF	-6.7%	123.77	10202026	132.68	8162026	65
IJR	iShares Core S&P Small-Cap ETF	-8.5%	137.66	10202026	150.44	8162026	65
VB	Vanguard Small-Cap ETF	-6.6%	288.04	10202026	308.38	8162026	65
IWM	iShares Russell 2000 ETF	-9.6%	275.78	10202026	305.09	8162026	65
SCHA	Schwab U.S. Small-Cap ETF	-9.9%	32.57	10202026	36.13	6302026	112
VTWO	Vanguard Russell 2000 ETF	-9.4%	111.40	10202026	122.90	8162026	65
DFAS	Dimensional U.S. Small Cap ETF	-7.0%	78.53	10202026	84.48	8162026	65
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	-6.9%	52.76	10202026	56.64	8162026	65
NUSC	Nuveen ESG Small-Cap ETF	-7.2%	49.43	10202026	53.27	8162026	65
IWF	iShares Russell 1000 Growth ETF	-5.2%	122.41	10202026	129.19	10062026	14
VONG	Vanguard Russell 1000 Growth ETF	-5.2%	126.04	10202026	133.00	10062026	14
AKRE	Akre Focus ETF	-5.9%	58.19	10202026	61.85	8302026	51
IWP	iShares Russell Mid-Cap Growth ETF	-8.1%	135.67	10202026	147.70	8172026	64
VOT	Vanguard Mid-Cap Growth ETF	-7.2%	291.18	10202026	313.61	8162026	65
IJK	iShares S&P Mid-Cap 400 Growth ETF	-8.3%	109.24	10202026	119.11	8172026	64
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	-8.4%	104.18	10202026	113.69	8172026	64
IWO	iShares Russell 2000 Growth ETF	-11.9%	348.54	10202026	395.65	8162026	65
VBK	Vanguard Small-Cap Growth ETF	-9.1%	332.55	10202026	365.91	8172026	64
IJT	iShares S&P Small-Cap 600 Growth ETF	-9.7%	161.70	10202026	179.07	8042026	77
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	-9.7%	107.87	10202026	119.50	8042026	77
IJJ	iShares S&P Mid-Cap 400 Value ETF	-5.8%	142.81	10202026	151.67	8162026	65
MDYV	State Street SPDR S&P 400 Mid Cap Value ETF	-5.7%	91.81	10202026	97.39	8162026	65
AVUV	Avantis U.S. Small Cap Value ETF	-6.1%	120.95	10202026	128.74	8042026	77
IWN	iShares Russell 2000 Value ETF	-7.2%	211.03	10202026	227.43	8162026	65
IJS	iShares S&P Small-Cap 600 Value ETF	-7.5%	130.14	10202026	140.68	8162026	65
SLYV	State Street SPDR S&P 600 Small Cap Value ETF	-7.5%	103.78	10202026	112.22	8162026	65
VIOV	Vanguard S&P Small-Cap 600 Value ETF	-7.1%	111.73	10202026	120.28	8162026	65
VXUS	Vanguard Total International Stock ETF	-5.3%	83.74	10202026	88.41	9072026	43
VEU	Vanguard FTSE All-World Ex-US ETF	-5.1%	81.85	10202026	86.21	9072026	43
IXUS	iShares Core MSCI Total International Stock ETF	-5.0%	93.74	10202026	98.71	9072026	43
VEA	Vanguard FTSE Developed Markets ETF	-5.2%	69.78	10202026	73.61	8252026	56
SCHF	Schwab International Equity ETF	-5.4%	27.06	10202026	28.59	8252026	56
VGK	Vanguard FTSE Europe ETF	-6.2%	87.18	10202026	92.96	8252026	56
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	-5.6%	152.37	10202026	161.49	5112026	162
SCHC	Schwab International Small-Cap Equity ETF	-5.9%	48.81	10202026	51.86	8272026	54
IEMG	iShares Core MSCI Emerging Markets ETF	-10.0%	77.37	10202026	86.00	6222026	120
VWO	Vanguard FTSE Emerging Markets ETF	-5.0%	58.25	10202026	61.32	9072026	43
EEM	iShares MSCI Emerging Markets ETF	-11.1%	63.32	10202026	71.21	6222026	120
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-16.3%	31.23	10202026	37.30	6222026	120
EWY	iShares MSCI South Korea ETF	-29.7%	153.99	10202026	219.20	6212026	121
FXI	iShares China Large-Cap ETF	-12.4%	33.51	10202026	38.26	5132026	160
KWEB	KraneShares CSI China Internet ETF	-20.4%	24.35	10202026	30.59	5132026	160
RYLD	Global X Russell 2000 Covered Call ETF	-6.0%	15.19	10202026	16.16	8272026	54
MTUM	iShares MSCI USA Momentum Factor ETF	-14.3%	295.84	10202026	345.22	6222026	120
SPHQ	Invesco S&P 500 Quality ETF	-6.4%	84.34	10202026	90.10	6302026	112
FNDA	Schwab Fundamental U.S. Small Company ETF	-7.4%	35.66	10202026	38.52	8162026	65
SPMO	Invesco S&P 500 Momentum ETF	-12.2%	141.95	10202026	161.66	6222026	120
VLUE	iShares MSCI USA Value Factor ETF	-5.7%	193.78	10202026	205.51	9072026	43
ARKK	ARK Innovation ETF	-10.1%	83.42	10202026	92.78	10052026	15
URA	Global X Uranium ETF	-39.6%	35.18	10202026	58.26	5062026	167
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-19.3%	33.59	10202026	41.63	5132026	160
ROBO	ROBO Global Robotics & Automation Index ETF	-15.1%	76.70	10202026	90.34	6022026	140
LIT	Global X Lithium & Battery Tech ETF	-29.9%	64.27	10202026	91.62	5112026	162
ICLN	iShares Global Clean Energy ETF	-31.2%	16.33	10202026	23.75	6022026	140
ARKQ	ARK Autonomous Technology & Robotics ETF	-20.9%	113.74	10202026	143.82	5282026	145
ARKW	ARK Next Generation Internet ETF	-6.0%	157.37	10202026	167.33	10062026	14
ARKX	ARK Space & Defense Innovation ETF	-20.3%	30.08	10202026	37.74	5282026	145
NASA	Tema Space Innovators ETF	-51.1%	20.48	10202026	41.89	5272026	146
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	-5.5%	21.19	10202026	22.43	10052026	15
AGIX	KraneShares Artificial Intelligence ETF	-10.9%	44.15	10202026	49.56	10062026	14
DRSK	Aptus Defined Risk ETF	-7.6%	27.16	10202026	29.39	6012026	141
PCEF	Invesco CEF Income Composite ETF	-6.0%	19.13	10202026	20.35	8132026	68
YYY	Amplify CEF High Income ETF	-9.4%	10.30	10202026	11.37	8162026	65
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-11.2%	63.32	10202026	71.30	8252026	56
RAAX	VanEck Real Assets ETF	-5.6%	40.29	10202026	42.70	5112026	162
VGT	Vanguard Information Technology ETF	-7.4%	120.20	10202026	129.80	10062026	14
XLK	State Street Technology Select Sector SPDR ETF	-8.2%	185.44	10202026	202.00	10062026	14
XLI	State Street Industrial Select Sector SPDR ETF	-10.6%	166.80	10202026	186.51	8162026	65
XLC	State Street Communication Services Select Sector SPDR ETF	-6.3%	110.19	10202026	117.57	4222026	181
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-5.2%	115.50	10202026	121.82	5282026	145
XLU	State Street Utilities Select Sector SPDR ETF	-10.0%	41.88	10202026	46.55	4302026	173
IYJ	iShares U.S. Industrials ETF	-7.7%	156.84	10202026	169.86	8042026	77
IYM	iShares U.S. Basic Materials ETF	-6.8%	183.04	10202026	196.45	8252026	56
SMH	VanEck Semiconductor ETF	-18.3%	546.36	10202026	668.91	6222026	120
SOXX	iShares Semiconductor ETF	-23.7%	500.01	10202026	655.01	6222026	120
XBI	State Street SPDR S&P Biotech ETF	-9.6%	153.24	10202026	169.55	8192026	62
ITA	iShares U.S. Aerospace & Defense ETF	-18.6%	206.15	10202026	253.22	8162026	65
IGV	iShares Expanded Tech-Software Sector ETF	-5.1%	106.93	10202026	112.67	10112026	9
IYT	iShares U.S. Transportation ETF	-11.3%	79.86	10202026	90.01	7162026	96
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	-11.1%	176.13	10202026	198.06	9032026	47
KRE	State Street SPDR S&P Regional Banking ETF	-9.4%	70.62	10202026	77.93	8162026	65
MISL	First Trust Indxx Aerospace & Defense ETF	-16.8%	40.91	10202026	49.19	5282026	145
RING	iShares MSCI Global Gold Miners ETF	-19.1%	75.42	10202026	93.17	8252026	56
SOXQ	Invesco PHLX Semiconductor ETF	-22.9%	88.77	10202026	115.11	6222026	120
IGOV	iShares International Treasury Bond ETF	-5.2%	40.07	10202026	42.27	5102026	163
TLT	iShares 20+ Year Treasury Bond ETF	-6.9%	80.13	10202026	86.10	6292026	113
VGLT	Vanguard Long-Term Treasury ETF	-6.3%	51.42	10202026	54.89	6292026	113
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-6.4%	24.47	10202026	26.13	6292026	113
TLH	iShares 10-20 Year Treasury Bond ETF	-5.7%	94.11	10202026	99.78	6292026	113
EDV	Vanguard World Funds Extended Duration ETF	-10.5%	57.77	10202026	64.54	6242026	118
VCLT	Vanguard Long-Term Corporate Bond ETF	-6.3%	69.77	10202026	74.47	6292026	113
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-6.4%	20.76	10202026	22.18	6292026	113
IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	-6.3%	46.46	10202026	49.56	6292026	113
LMUB	iShares Long-Term National Muni Bond ETF	-6.7%	47.23	10202026	50.63	7052026	107
GLD	SPDR Gold Trust	-13.2%	377.65	10202026	435.26	4222026	181
IAU	iShares Gold Trust	-12.7%	77.85	10202026	89.19	4222026	181
GLDM	SPDR Gold MiniShares Trust	-13.1%	81.48	10202026	93.81	4222026	181
SLV	iShares Silver Trust	-35.0%	51.54	10202026	79.35	5132026	160
PPLT	ETFS Physical Platinum Shares	-23.5%	14.95	10202026	19.55	5132026	160
PALL	ETFS Physical Palladium Shares	-29.1%	19.94	10202026	28.14	4222026	181
UNG	United States Natural Gas Fund LP	-13.4%	10.50	10202026	12.12	6042026	138
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	10202026	60.13	5042026	169
VNQ	Vanguard Real Estate ETF	-7.8%	92.28	10202026	100.08	7282026	84
XLRE	State Street Real Estate Select Sector SPDR ETF	-7.9%	42.38	10202026	46.01	7282026	84
SCHH	Schwab U.S. REIT ETF	-9.0%	22.62	10202026	24.86	7262026	86
IYR	iShares U.S. Real Estate ETF	-8.6%	98.00	10202026	107.26	7282026	84
REET	iShares Global REIT ETF	-9.8%	26.05	10202026	28.89	7262026	86
USRT	iShares Core U.S. REIT ETF	-10.2%	62.71	10202026	69.82	7262026	86
ETHA	iShares Ethereum Trust ETF	-8.9%	55.07	10202026	60.45	9282026	22

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-10-19

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$16.5B), followed by Cash (+$1.3B), while Crypto (−$137M) and Real Estate (−$127M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$9.6B) and out of Long Treasury (−$2.3B).
Relative to fund size, ALAI drew the largest inflow (+17.3% of AUM) and XOVR the largest outflow (−15.6%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$6.37B	+0.8%
2	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$2.91B	+0.3%
3	MUB	iShares National Muni Bond ETF	Bond Municipal	+$1.44B	+2.8%
4	XLV	State Street Health Care Select Sector SPDR ETF	Equity Broad Sector	+$1.16B	+2.5%
5	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$1.08B	+0.2%
6	SPYV	State Street SPDR Portfolio S&P 500 Value ETF	Equity US Large Value	+$1.08B	+2.8%
7	EMXC	iShares MSCI Emerging Markets ex China ETF	Other	+$989M	+3.9%
8	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$875M	+0.8%
9	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$873M	+2.1%
10	CGDV	Capital Group Dividend Value ETF	Equity Dividend Income	+$796M	+2.0%

#	Ticker	Name	Type	Net flow	% of AUM
1	ALAI	Alger AI Enablers & Adopters ETF	Other	+$305M	+17.3%
2	SCMB	Schwab Municipal Bond ETF	Other	+$457M	+12.2%
3	IWX	iShares Russell Top 200 Value ETF	Other	+$339M	+10.0%
4	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	+$369M	+9.4%
5	CNEQ	Alger Concentrated Equity ETF	Other	+$542M	+9.4%
6	VTEI	Vanguard Intermediate-Term Tax-Exempt Bond ETF	Other	+$186M	+9.0%
7	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$112M	+8.5%
8	FLKR	Franklin FTSE South Korea ETF	Other	+$138M	+8.4%
9	VCRM	Vanguard Core Tax-Exempt Bond E	Other	+$197M	+7.7%
10	FLTW	Franklin FTSE Taiwan ETF	Other	+$328M	+6.8%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	-$2.45B	-5.2%
2	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$1.89B	-2.5%
3	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$1.22B	-7.3%
4	DRAM	Roundhill Memory ETF	Other	-$738M	-3.9%
5	RSP	Invesco S&P 500 Equal Weight ETF	Equity Factor Smart Beta	-$719M	-0.7%
6	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	-$675M	-1.5%
7	MBB	iShares MBS ETF	Bond Mortgage Backed	-$658M	-1.9%
8	XLY	State Street Consumer Discretionary Select Sector SPDR ETF	Equity Broad Sector	-$610M	-2.8%
9	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$609M	-0.5%
10	TCAF	T. Rowe Capital Appreciation Equity ETF	Other	-$487M	-5.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$232M	-15.6%
2	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$194M	-13.5%
3	ITB	iShares U.S. Home Construction ETF	Other	-$297M	-12.5%
4	EWS	iShares MSCI Singapore ETF	Other	-$116M	-10.3%
5	AGIX	KraneShares Public-Private AI & Technology ETF	Equity Thematic	-$103M	-10.0%
6	CQQQ	Invesco China Technology ETF	Other	-$183M	-8.6%
7	XSD	State Street SPDR S&P Semiconductor ETF	Other	-$217M	-8.3%
8	IHI	iShares U.S. Medical Devices ETF	Other	-$290M	-8.2%
9	ICF	iShares Select U.S. REIT ETF	Other	-$155M	-7.8%
10	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$1.22B	-7.3%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$63.6B), followed by Bond (+$33.3B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$33.4B) and out of Factor Smart Beta (−$8.6B).
Relative to fund size, CNEQ drew the largest inflow (+89.3% of AUM) and MTBA the largest outflow (−34.9%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$33.81B	+3.8%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$20.29B	+2.5%
3	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$9.66B	+5.4%
4	MUB	iShares National Muni Bond ETF	Bond Municipal	+$6.21B	+12.9%
5	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$5.85B	+33.4%
6	IUSB	iShares Core Universal USD Bond ETF	Bond Core Plus Multisector	+$5.75B	+11.9%
7	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$5.39B	+1.1%
8	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$5.31B	+4.7%
9	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$5.22B	+39.8%
10	VTEB	Vanguard Tax-Exempt Bond ETF	Bond Municipal	+$4.52B	+9.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$2.97B	+89.3%
2	ALAI	Alger AI Enablers & Adopters ETF	Other	+$823M	+60.5%
3	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$5.22B	+39.8%
4	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	+$4.12B	+37.8%
5	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$5.85B	+33.4%
6	VCRM	Vanguard Core Tax-Exempt Bond E	Other	+$711M	+31.4%
7	BLCR	iShares Large Cap Core Active ETF	Other	+$2.93B	+30.4%
8	VTEI	Vanguard Intermediate-Term Tax-Exempt Bond ETF	Other	+$517M	+29.8%
9	VSDM	Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF	Other	+$339M	+28.5%
10	GGOV	iShares Global Government Bond USD Hedged Active ETF	Bond International	+$1.09B	+26.9%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$30.29B	-2.9%
2	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$5.34B	-26.2%
3	COWZ	Pacer US Cash Cows 100 ETF	Equity Factor Smart Beta	-$3.7B	-19.5%
4	MBB	iShares MBS ETF	Bond Mortgage Backed	-$3.33B	-9.3%
5	ARKK	ARK Innovation ETF	Equity Thematic	-$2.79B	-32.6%
6	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	-$2.68B	-6.0%
7	DRAM	Roundhill Memory ETF	Other	-$2.36B	-9.1%
8	VO	Vanguard Morningstar Mid-Cap ETF	Equity US Mid Cap Core	-$2.18B	-2.1%
9	VFLO	VictoryShares Free Cash Flow ETF	Other	-$2.05B	-18.4%
10	VUG	Vanguard Morningstar Growth ETF	Equity US Large Growth	-$1.92B	-0.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	MTBA	Simplify MBS ETF	Other	-$351M	-34.9%
2	ARKK	ARK Innovation ETF	Equity Thematic	-$2.79B	-32.6%
3	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$5.34B	-26.2%
4	CALF	Pacer US Small Cap Cash Cows ETF	Other	-$784M	-21.9%
5	COWZ	Pacer US Cash Cows 100 ETF	Equity Factor Smart Beta	-$3.7B	-19.5%
6	JNK	State Street SPDR Bloomberg High Yield Bond ETF	Bond High Yield Corporate	-$1.09B	-18.6%
7	VFLO	VictoryShares Free Cash Flow ETF	Other	-$2.05B	-18.4%
8	EUFN	iShares MSCI Europe Financials ETF	Other	-$665M	-17.9%
9	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$241M	-17.8%
10	USVM	VictoryShares US Small Mid Cap Value Momentum ETF	Other	-$238M	-13.7%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$149.6B), followed by Bond (+$65.3B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$34.4B) and out of Intermediate Treasury (−$4.7B).
Relative to fund size, CNEQ drew the largest inflow (+204.5% of AUM) and FTXL the largest outflow (−76.0%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$29.23B	+2.8%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$18.3B	+10.7%
3	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$17.5B	+16.3%
4	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$16.71B	+2.4%
5	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$10.85B	+2.2%
6	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$9.86B	+9.0%
7	GLD	SPDR Gold Shares	Commodity Gold	+$8.34B	+5.8%
8	MUB	iShares National Muni Bond ETF	Bond Municipal	+$8.07B	+17.7%
9	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$7.96B	+7.6%
10	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$7.87B	+4.9%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$5.14B	+204.5%
2	ALAI	Alger AI Enablers & Adopters ETF	Other	+$1.64B	+145.2%
3	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$1.94B	+78.9%
4	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$1.25B	+74.3%
5	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$1.32B	+72.5%
6	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$5.7B	+68.1%
7	ARKK	ARK Innovation ETF	Equity Thematic	+$3.78B	+58.9% ⚠
8	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$880M	+55.8%
9	XAGG	Morgan Stanley ETF Trust - Eaton Vance Strategic Income Opportunities ETF	Other	+$798M	+53.9%
10	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$6.52B	+52.2%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$20.73B	-2.3%
2	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$6.8B	-27.8%
3	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$4.67B	-15.4%
4	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.46B	-10.6%
5	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$3.06B	-5.6%
6	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$2.78B	-6.4%
7	MBB	iShares MBS ETF	Bond Mortgage Backed	-$2.67B	-6.9%
8	DRAM	Roundhill Memory ETF	Other	-$2.62B	-10.3%
9	USHY	iShares Broad USD High Yield Corporate Bond ETF	Bond High Yield Corporate	-$2.57B	-9.0%
10	AIRR	First Trust RBA American Industrial RenaissanceTM ETF	Other	-$1.89B	-20.0%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$1.01B	-76.0%
2	USO	United States Oil Fund, LP	Commodity Energy	-$757M	-39.2%
3	MTBA	Simplify MBS ETF	Other	-$559M	-38.8%
4	TAN	Invesco Solar ETF	Other	-$383M	-37.4%
5	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$559M	-34.2%
6	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$562M	-30.9%
7	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$6.8B	-27.8%
8	BKAG	BNY Mellon Core Bond ETF	Other	-$613M	-27.4%
9	JNK	State Street SPDR Bloomberg High Yield Bond ETF	Bond High Yield Corporate	-$1.48B	-21.9%
10	FTCS	First Trust Capital Strength ETF	Other	-$1.63B	-21.1%

Largest ETF fund flows across ~2575 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About SOXQ

Holdings Count: 31
Expense Ratio: 0.19%
Inception Date: 2021-06-11

Invesco PHLX Semiconductor ETF
The Invesco PHLX Semiconductor ETF endeavors to replicate the performance of the PHLX Semiconductor Sector Index. This Fund typically allocates at least 90% of its total capital to the equities that constitute this underlying benchmark. The Index itself is designed to gauge the performance of the thirty largest U.S.-listed enterprises operating in the semiconductor sector. These essential components, including items like memory chips, microprocessors, and integrated circuits, as well as associated equipment, power a broad spectrum of electronic devices, from everyday household products and vehicles to computers. The Index's constituents span companies involved in the design, production, distribution, and sale of semiconductors. Both the ETF and its benchmark undergo an annual re-evaluation and adjustment each September, alongside quarterly rebalancing activities conducted in March, June, September, and December.
Asset Class: Equity | ETF Website

	Title	Date
0	DASHBOARDS
1	SOXQ ETF Is A Sharper Bet Than Its Name Suggests	07/29/2026
2	What You Really Own Inside SOXQ ETF	07/02/2026

	Title
0	ARTICLES

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
BRZE	Braze	5.0	51.7%	32.9%
LION	Lionsgate Studios	3.5	14.4%	33.1%
SLS	SELLAS Life Sciences	2.3	14.2%	217.8%
CTNM	Contineum Therapeutics	0.3	13.7%	-26.0%
TRAX	First Tracks Biotherapeutics	1.4	13.7%	121.8%
KLRA	Kailera Therapeutics	1.3	12.8%	-50.4%
KVYO	Klaviyo	5.8	11.9%	-39.6%
EQPT	EquipmentShare.com	3.9	11.8%	-52.1%
APMD	Apnimed	-	11.5%	-26.0%
QDEL	QuidelOrtho	1.0	11.4%	-50.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
HBCP	Home Bancorp	0.5	-9.6%	4.4%
SWRD	Stewards	-	-8.9%	-53.9%
EOSE	Eos Energy Enterprises	0.6	-7.2%	-85.3%
EMAT	Evolution Metals & Technologies	0.9	-7.1%	-93.3%
GM	General Motors	69.1	-6.8%	-4.6%
LGN	Legence	3.1	-6.7%	-4.2%
MLI	Mueller Industries	12.4	-6.6%	-0.2%
DVA	DaVita	11.4	-6.2%	54.3%
METC	Ramaco Resources	0.5	-5.5%	-59.9%
FUN	Six Flags Entertainment	0.8	-5.4%	-48.8%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
BRZE	Braze	5.0	57.5%	32.9%
IRON	Disc Medicine	3.1	40.4%	0.1%
LQDA	Liquidia	3.2	35.6%	5.4%
TRAX	First Tracks Biotherapeutics	1.4	30.2%	121.8%
ARQT	Arcutis Biotherapeutics	4.3	25.8%	13.0%
OPK	OPKO Health	1.3	25.8%	31.7%
VSTM	Verastem	0.9	25.4%	21.0%
VRDN	Viridian Therapeutics	2.4	23.1%	-27.9%
SGMT	Sagimet Biosciences	0.5	22.1%	64.5%
ORIC	ORIC Pharmaceuticals	1.5	21.8%	68.5%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
GLAS	Glass House Brands	0.2	-39.2%	-73.6%
FMC	FMC	0.7	-36.1%	-60.9%
NUAI	New Era Energy & Digital	0.3	-34.3%	-3.8%
QMCO	Quantum	0.4	-28.4%	194.4%
PENG	Penguin Solutions	2.9	-28.0%	187.9%
EOSE	Eos Energy Enterprises	0.6	-27.6%	-85.3%
BLZE	Backblaze	0.6	-26.7%	96.8%
BRUN	Boost Run	0.5	-26.2%	-59.6%
RXT	Rackspace Technology	0.7	-25.3%	179.1%
EROC	ERock	0.4	-25.2%	397.1%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MYPS	PLAYSTUDIOS	0.5	730.1%	484.4%
KOD	Kodiak Sciences	5.8	186.8%	232.5%
BRZE	Braze	5.0	79.4%	32.9%
FIGS	FIGS	3.3	51.3%	74.8%
PCRX	Pacira BioSciences	1.4	50.9%	40.6%
CBRL	Cracker Barrel Old Country Store	1.5	49.2%	168.9%
IOVA	Iovance Biotherapeutics	6.7	45.8%	444.3%
RXO	RXO	4.9	45.4%	126.8%
MAZE	Maze Therapeutics	1.9	44.9%	-21.7%
PACB	Pacific Biosciences of California	0.6	44.1%	4.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CTVA	Corteva	8.6	-83.7%	-80.6%
GLAS	Glass House Brands	0.2	-70.5%	-73.6%
NUAI	New Era Energy & Digital	0.3	-63.1%	-3.8%
XNDU	Xanadu Quantum Technologies	0.9	-61.3%	-75.2%
EOSE	Eos Energy Enterprises	0.6	-58.7%	-85.3%
EMAT	Evolution Metals & Technologies	0.9	-58.3%	-93.3%
SHAZ	SharonAI	0.5	-55.0%	-70.8%
CIFR	Cipher Digital	3.6	-53.0%	-39.8%
BRUN	Boost Run	0.5	-50.7%	-59.6%
QURE	uniQure	1.5	-48.7%	-5.1%

Peer Comparisons

Peers to compare with:

Profile

	SOXQ	SMH	SOXX	IBB	XBI	ITA	Median
Name	Invesco PH.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	3.1	65.7	40.7	10.5	9.9	12.0	11.2
Expense Ratio	0.19%	0.35%	0.33%	0.44%	0.35%	0.37%	0.35%
10-D Avg Volume (Mil)	2.25	9.39	8.83	1.61	9.13	0.72	5.54
Latest Day Volume (Mil)	2.05	18.39	14.67	1.76	11.75	-	11.75
Holdings Count	31	26	30	243	165	50	40
Inception Date	6/11/2021	12/20/2011	7/10/2001	2/5/2001	1/31/2006	5/1/2006	-

Fundamentals

	SOXQ	SMH	SOXX	IBB	XBI	ITA	Median
Name	Invesco PH.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
Net Asset Value	96.07	539.75	502	204.03	144.25	207.68	502.00
Premium/Discount	-7.6%	1.2%	-0.4%	3.2%	6.2%	-0.7%	0.4%
Distribution Yield	0.3%	0.2%	0.3%	0.2%	0.4%	0.0%	0.2%
Sales Yield	8.5%	8.0%	8.4%	12.0%	9.7%	33.8%	9.1%
Earnings Yield	2.7%	2.8%	2.4%	1.8%	1.5%	3.1%	2.5%

Valuation

	SOXQ	SMH	SOXX	IBB	XBI	ITA	Median
Name	Invesco PH.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
P/S (TTM)	11.7x	12.5x	11.9x	8.4x	10.3x	3.0x	11.0x
P/E (TTM)	37.6x	36.3x	41.2x	55.4x	68.3x	32.5x	39.4x
P/FCF (TTM)	45.9x	43.3x	47.3x	106.7x	-	36.2x	45.9x
Forward P/E	-	-	-	-	45.7x	26.2x	36.0x
Forward P/S	-	-	-	-	8.1x	2.6x	5.4x

Risk

	SOXQ	SMH	SOXX	IBB	XBI	ITA	Median
Name	Invesco PH.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
Volatility (1Y)	44.8%	39.6%	45.9%	22.7%	29.1%	23.1%	34.3%
Volatility (3Y)	39.9%	37.1%	39.9%	21.4%	28.2%	20.0%	32.7%
Volatility (5Y)	38.8%	36.8%	38.8%	22.4%	32.5%	20.3%	34.7%
Beta (1Y)	2.57	2.38	2.61	0.80	1.10	1.01	1.74
Beta (3Y)	2.09	1.98	2.07	0.82	1.05	0.85	1.52
Beta (5Y)	1.84	1.77	1.83	0.86	1.16	0.81	1.46
Sharpe Ratio (1Y)	1.37	1.38	1.43	1.49	1.36	0.12	1.38
Sharpe Ratio (3Y)	1.20	1.37	1.17	0.97	1.08	1.20	1.18
Sharpe Ratio (5Y)	0.87	1.00	0.85	0.40	0.29	0.78	0.81
Max Drawdown (1Y)	-28.6%	-24.6%	-29.0%	-9.6%	-14.9%	-19.6%	-22.1%
Max Drawdown (3Y)	-39.4%	-35.7%	-41.4%	-24.9%	-33.0%	-19.6%	-34.4%
Max Drawdown (5Y)	-46.0%	-45.3%	-45.8%	-35.7%	-53.2%	-19.6%	-45.5%

Returns

	SOXQ	SMH	SOXX	IBB	XBI	ITA	Median
Name	Invesco PH.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
1M Return	-9.3%	-8.3%	-10.6%	1.6%	-3.2%	-4.6%	-6.5%
3M Return	-9.1%	-6.9%	-10.0%	12.6%	0.7%	-10.8%	-8.0%
6M Return	17.0%	17.6%	18.9%	21.0%	12.4%	-7.5%	17.3%
YTD Return	59.5%	51.7%	66.2%	24.8%	25.7%	-3.8%	38.7%
1Y Return	66.9%	59.9%	74.0%	36.8%	42.6%	0.2%	51.2%
2Y Return	121.4%	122.7%	122.1%	44.9%	54.9%	36.2%	88.2%
3Y Return	231.8%	273.2%	219.9%	74.3%	121.3%	93.5%	170.6%

Short Interest

Short Interest: As Of Date	9302026
Short Interest: Shares Quantity	1.2 Mil
Short Interest: % Change Since 9152026	16.8%
Average Daily Volume	1.1 Mil
Days-to-Cover Short Interest	1.2 days

External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
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4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Invesco PHLX Semiconductor ETF (SOXQ)

Market Price (10/21/2026): $90.18

Invesco PHLX Semiconductor ETF (SOXQ)

Market Price (10/21/2026): $90.18

Key Takeaways

Price Chart

Asset Allocation with SOXQ

Valuation & Yield

Top 20 Holdings for SOXQ

Performance for SOXQ Top Holdings

Guidance Updates for SOXQ Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

SOXQ Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

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Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About SOXQ

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

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