SOXX vs VNQ: Correlation & Overlap
How closely do iShares Semiconductor ETF (SOXX) and Vanguard Real Estate ETF (VNQ) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate. Looking through to holdings, 0% of the two portfolios is the same by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOXX and VNQ?
Across a 3-year window, the weekly returns of SOXX and VNQ correlate at 0.31, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.31 over 3 years. Stretching to 5 years gives 0.44, with an annualized covariance of 180.2 %².
Within SOXX's tracked universe of 127 assets, VNQ comes in at #112 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SOXX ahead by 99.7 points (+110.0% versus +10.3%). Across three years, the rolling one-year figure varied moderately, from 0.15 to 0.62. One caveat on sizing: SOXX is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VNQ: side by side
| SOXX (iShares Semiconductor ETF) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +110.0% | +10.3% |
| 5-year return | +247.5% | +9.5% |
| Volatility (ann.) | 35.2% | 16.6% |
| Beta vs S&P 500 | 1.93 | 0.59 |
| Max drawdown (3Y) | -41.4% | -17.5% |
| Dividend yield | 0.29% | 3.51% |
| Expense ratio | 0.33% | 0.13% |
| Assets under management | $44.7B | $73.1B |
| Sector / category | ETF · Thematic | ETF · Real Estate |
SOXX, iShares's Technology fund, carries $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield. VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Portfolio overlap between SOXX and VNQ
The two portfolios are largely distinct, with 0 holdings in common adding up to 0% of fund weight. Where correlation shows the co-movement, the overlap shows its source.
Largest positions held only by SOXX: NVDA (8.87%), MU (8.64%), AMD (8.33%), AVGO (7.11%), MRVL (5.34%). Only by VNQ: VRTPX (14.54%), WELL (8.54%), PLD (7.04%), EQIX (5.25%), AMT (4.22%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26.
Year-by-year returns
| Year | SOXX | VNQ |
|---|---|---|
| 2022 | -35.1% | -26.3% |
| 2023 | +67.1% | +11.9% |
| 2024 | +12.9% | +4.8% |
| 2025 | +40.7% | +3.2% |
| 2026 | +74.7% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOXX and VNQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SOXX and VNQ?
The SOXX/VNQ correlation stands at 0.31 on a 3-year window (1 year: 0.17, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is VNQ a good diversifier for SOXX?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
How much do SOXX and VNQ overlap?
0% by weight, across 0 common holdings, based on issuer-disclosed portfolios as of 2026-08-26.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/soxx-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/soxx-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SOXX correlations · VNQ correlations
