The Invesco PHLX Semiconductor ETF surged on strong demand for AI chips, outperforming peers with a lower expense ratio.
The Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) closed at $109.58 on June 3, 2026, marking a 181.74% one-year return and a 96.71% year-to-date gain. The fund’s performance was driven by surging demand for AI chips, led by NVIDIA, despite an $8 billion hit from export restrictions.
SOXQ tracks the PHLX Semiconductor Sector Index, covering the 30 largest U.S.-listed semiconductor firms. With a 0.19% expense ratio, it undercuts competitors like the iShares Semiconductor ETF (SOXX), which returned 190.03% over the same period. The fund’s assets under management surpassed $1 billion in February 2026.
Semiconductor stocks recently completed a 17-day, 40% winning streak, with historical data suggesting an 87% chance of further gains in the next 3-6 months. The top 10 holdings in SOXQ account for 59% of its assets, reflecting a market-cap-weighted structure.