SOXX vs VIG: Correlation & Overlap
How closely do iShares Semiconductor ETF (SOXX) and Vanguard Dividend Appreciation ETF (VIG) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong. By holdings, the two funds overlap 10.0% by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOXX and VIG?
On 3 years of weekly data the SOXX/VIG correlation comes out at 0.64, strong. The link has loosened recently: the 1-year correlation (0.50) runs below the 3-year figure (0.64). The 5-year figure is 0.66, and annualized covariance runs at 266.6 %².
Among the 127 assets we track against SOXX, VIG ranks #68 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SOXX outperformed by 92.9 percentage points (+110.0% for SOXX against +17.1% for VIG). Across three years, the rolling one-year figure varied moderately, from 0.46 to 0.79. Note the risk asymmetry: SOXX runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
SOXX vs VIG: side by side
| SOXX (iShares Semiconductor ETF) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +110.0% | +17.1% |
| 5-year return | +247.5% | +64.0% |
| Volatility (ann.) | 35.2% | 11.9% |
| Beta vs S&P 500 | 1.93 | 0.74 |
| Max drawdown (3Y) | -41.4% | -15.0% |
| Dividend yield | 0.29% | 1.50% |
| Expense ratio | 0.33% | 0.04% |
| Assets under management | $44.7B | $130.9B |
| Sector / category | ETF · Thematic | ETF · Dividend |
SOXX is a Technology fund from iShares: $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield. VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Portfolio overlap between SOXX and VIG
The two portfolios are largely distinct: 10.0% of the funds' weight sits in the same underlying holdings (7 common positions). Correlation tells you they move together; overlap tells you why.
| Common holding | Weight in SOXX | Weight in VIG |
|---|---|---|
| AVGO | 7.11% | 4.65% |
| LRCX | 4.39% | 1.59% |
| TXN | 3.83% | 1.09% |
| KLAC | 4.27% | 1.04% |
| ADI | 4.01% | 0.78% |
| QCOM | 2.91% | 0.68% |
| MCHP | 2.19% | 0.17% |
Largest positions held only by SOXX: NVDA (8.87%), MU (8.64%), AMD (8.33%), MRVL (5.34%), INTC (4.97%). Only by VIG: AAPL (4.47%), MSFT (4.35%), JPM (4.09%), LLY (3.94%), XOM (2.80%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 7 common positions shown.
Year-by-year returns
| Year | SOXX | VIG |
|---|---|---|
| 2022 | -35.1% | -9.8% |
| 2023 | +67.1% | +14.5% |
| 2024 | +12.9% | +17.0% |
| 2025 | +40.7% | +14.2% |
| 2026 | +74.7% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOXX and VIG good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SOXX and VIG?
As of 2026-08-27, the correlation of weekly returns between SOXX and VIG is 0.64 over 3 years, 0.50 over 1 year and 0.66 over 5 years.
Is VIG a good diversifier for SOXX?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
How much do SOXX and VIG overlap?
Per the issuers' own portfolio disclosures (2026-08-26), the overlap is 10.0% by weight over 7 common positions.
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