ETF Versus

SOXX vs SPY

iShares Semiconductor ETF vs State Street SPDR S&P 500 ETF Trust

Last updated: 2026-04-08

iShares Semiconductor ETF (SOXX) is an exchange-traded fund that provides exposure to thematic - semiconductors securities. It charges an above-average expense ratio of 0.34%. The fund offers a modest dividend yield of 0.45%. Launched in 2001, the fund has a 25-year track record.

AUM: $21.4B ER: 0.34% Yield: 0.45% Since: Jul 10, 2001
SPY

State Street SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund that provides exposure to large-cap U.S. equities across growth and value styles. It charges a low expense ratio of 0.09%. The fund offers a moderate dividend yield of 1.09%. Launched in 1993, the fund has a 33-year track record.

AUM: $653.3B ER: 0.09% Yield: 1.09% Since: Jan 22, 1993

Quick Verdict

SPY is significantly cheaper at 0.09% vs 0.34% expense ratio, saving you approximately $491 per $10,000 invested over 10 years. Over the past year, SOXX has significantly outperformed with a 138.1% return vs 36.0%. Income investors may prefer SPY for its higher yield (1.1% vs 0.5%).

Key Metrics

Metric SOXX SPY
Expense Ratio 0.34% 0.09%
Dividend Yield 0.5% 1.1%
Fund Family N/A N/A
Category Thematic - Semiconductors US Large Cap Blend

Performance Chart

Indexed to 100 at start (5-year comparison)

65 102 139 176 213 250 2021-04 2022-07 2023-10 2025-01 2026-04
SOXX +146.8%
SPY +65.3%

Performance Comparison

Period SOXX SPY Difference
1 Month +9.60% -0.44% +10.04%
3 Months +15.35% -2.07% +17.42%
6 Months +35.54% +3.41% +32.13%
YTD +17.52% -1.16% +18.68%
1 Year +138.05% +36.01% +102.04%
3 Years +156.96% +64.86% +92.10%
5 Years +147.53% +64.10% +83.43%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SOXX Fees SPY Fees You Save
$10,000 10 years $670 $179 $491
$10,000 20 years $2,849 $771 $2,078
$10,000 30 years $9,082 $2,486 $6,597
$50,000 10 years $3,351 $896 $2,454
$50,000 30 years $45,411 $12,428 $32,984
$100,000 30 years $90,823 $24,855 $65,968

Risk Metrics

Based on 5 years of daily returns

Metric SOXX SPY
Annualized Volatility 35.6% 17.1%
Max Drawdown -46.2% -25.4%
Sharpe Ratio 0.56 0.41

Dividend Comparison

Metric SOXX SPY
Annual Dividend (per share) $1.67 $7.38
Dividend Yield 0.45% 1.09%
Distribution Frequency Quarterly Quarterly

Top Holdings

2 of top 9 holdings overlap (22% overlap in top holdings)

SOXX Top Holdings

NameWeight
NVIDIA CorporationNVDA8.18%
Broadcom Inc.AVGO8.03%
Micron Technology, Inc.MU7.47%
Advanced Micro Devices, Inc.AMD6.69%
Applied Materials, Inc.AMAT5.76%
Marvell Technology, Inc.MRVL5.47%
Intel CorporationINTC4.54%
Monolithic Power Systems, Inc.MPWR4.21%
KLA CorporationKLAC4.12%
Teradyne, Inc.TER4.02%

SPY Top Holdings

NameWeight
NVIDIA CorporationNVDA7.62%
Apple Inc.AAPL6.71%
Microsoft CorporationMSFT4.89%
Amazon.com, Inc.AMZN3.67%
Broadcom Inc.AVGO2.63%
Alphabet Inc.GOOG2.46%
Meta Platforms, Inc.META2.21%
Tesla, Inc.TSLA1.75%
Berkshire Hathaway Inc.BRK.B1.54%

Which One Should You Choose?

Choose SPY if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose SOXX if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose SPY if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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