iShares Semiconductor ETF • Robinhood Token vs SP500 xStock

SP500 xStock (SPYX) is 1562.2× the size of iShares Semiconductor ETF • Robinhood Token (SOXX) by market capitalisation. Over the past 30 days, SPYX is ahead by 9.8 percentage points (SOXX -8.8% against SPYX +1.0%). Their daily returns move loosely together (correlation 0.44 across 30 shared trading days). SOXX has been the more volatile of the two, at 59% annualised against SPYX's 11%.

Correlation: 0.44
Size ratio: 1 : 1562.2
Ahead over 30 days: SPYX

iShares Semiconductor ETF • Robinhood TokenSOXX

$468.3300

24h: +2.96%
Market cap: $46,265
Volume 24h: $157,277
Volatility (ann.): 59%

SP500 xStockSPYX

$772.9000

24h: +0.97%
Market cap: $72.27M
Volume 24h: $7.80M
Volatility (ann.): 11%

SOXX 0.1%Share of the two combined market caps99.9% SPYX

Performance

SOXXSPYX

7 days-6.41%-0.05%SPYX
30 days-8.76%+1.05%SPYX

Correlation

0.44over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	SOXX	SPYX
Max drawdown (400d)	-20.6%	-2.7%
Risk-adjusted return (90d)	-0.05	0.01

Relative strength over 90 days: SPYX outperformed SOXX by 3.9% — measured on the SOXX/SPYX ratio, so it holds regardless of market direction.

iShares Semiconductor ETF • Robinhood Token →SP500 xStock →