SOXX vs VTV: Correlation & Overlap
iShares Semiconductor ETF (SOXX) and Vanguard Value ETF (VTV) show a moderate relationship: their 3-year correlation of weekly returns is 0.57. The two funds also share 6.1% of their portfolios by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOXX and VTV?
Over the past 3 years, SOXX and VTV moved with a correlation of 0.57, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 239.4 %².
Within SOXX's tracked universe of 127 assets, VTV comes in at #93 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SOXX ahead by 84.3 points (+110.0% versus +25.7%). Across three years, the rolling one-year figure varied moderately, from 0.40 to 0.75. Risk is not evenly split, since SOXX carries 3.0 times the volatility of the other side.
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 VTV: side by side
| SOXX (iShares Semiconductor ETF) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +110.0% | +25.7% |
| 5-year return | +247.5% | +79.1% |
| Volatility (ann.) | 35.2% | 11.9% |
| Beta vs S&P 500 | 1.93 | 0.65 |
| Max drawdown (3Y) | -41.4% | -14.5% |
| Dividend yield | 0.29% | 1.86% |
| Expense ratio | 0.33% | 0.03% |
| Assets under management | $44.7B | $256.4B |
| Sector / category | ETF · Thematic | ETF · US Style |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield. On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Portfolio overlap between SOXX and VTV
The two portfolios are largely distinct: 6.1% 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 VTV |
|---|---|---|
| MU | 8.64% | 3.46% |
| INTC | 4.97% | 0.68% |
| ADI | 4.01% | 0.67% |
| QCOM | 2.91% | 0.58% |
| TXN | 3.83% | 0.47% |
| MCHP | 2.19% | 0.15% |
| ON | 1.59% | 0.12% |
Largest positions held only by SOXX: NVDA (8.87%), AMD (8.33%), AVGO (7.11%), MRVL (5.34%), AMAT (4.76%). Only by VTV: JPM (3.51%), BRK.B (2.99%), XOM (2.40%), JNJ (2.30%), WMT (1.82%).
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 | VTV |
|---|---|---|
| 2022 | -35.1% | -2.1% |
| 2023 | +67.1% | +9.3% |
| 2024 | +12.9% | +16.0% |
| 2025 | +40.7% | +15.3% |
| 2026 | +74.7% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOXX and VTV good diversifiers for each other?
Only partially. A correlation of 0.57 means SOXX and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between SOXX and VTV?
As of 2026-08-27, the correlation of weekly returns between SOXX and VTV is 0.57 over 3 years, 0.48 over 1 year and 0.58 over 5 years.
Is VTV a good diversifier for SOXX?
Only partially. A correlation of 0.57 means SOXX and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
How much do SOXX and VTV overlap?
Per the issuers' own portfolio disclosures (2026-08-26), the overlap is 6.1% by weight over 7 common positions.
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Hubs: SOXX correlations · VTV correlations
