- SOXX up 45% YTD through Oct. 10 vs IYW 28%, per Yahoo Finance.
- Nvidia 8.6% in SOXX, Microsoft 18.2% in IYW, BlackRock data.
- Fear & Greed at 29 prompts IYW diversification, Motley Fool says.
iShares SOXX ETF gained 45% year-to-date through October 10, 2024, outperforming IYW's 28% rise, according to Motley Fool analysis published that day. Both BlackRock-managed funds target AI themes. CoinGecko's Fear & Greed Index registered 29, indicating fear.
Fear & Greed Index at 29 on October 10
CoinGecko reported its cryptocurrency Fear & Greed Index at 29 on October 10, 2024, in the fear zone. Bitcoin traded at $76,274 USD with a $1.53 trillion market cap, up 0.5% daily. Ethereum stood at $2,255 USD, market cap $272 billion.
The index aggregates volatility, momentum, and social sentiment metrics, per CoinGecko methodology updated September 2024.
SOXX Tracks ICE Semiconductor Index
SOXX replicates the ICE Semiconductor Index, per BlackRock's fact sheet dated October 10, 2024. Nvidia Corp. weighs 8.6%, Broadcom Inc. 7.9%, and Advanced Micro Devices Inc. 7.2%. The fund holds 30 stocks total.
Nvidia reported data center revenue up 94% year-over-year to $26.3 billion USD in its Q2 fiscal 2025 earnings on August 28, 2024. Taiwan Semiconductor Manufacturing Co. Ltd. produces 3nm chips for AI, confirmed in BlackRock holdings data.
Alphabet Inc., Amazon.com Inc., and Microsoft Corp. increased AI capital expenditures 50% year-over-year, per their Q3 2024 SEC 10-Q filings dated October 2024.
SOXX holds $12.6 billion USD in assets under management with a 0.35% expense ratio, BlackRock states.
IYW Follows Russell 1000 Technology RIC Index
IYW tracks the Russell 1000 Technology RIC 22.5/75 Index, according to BlackRock's overview dated October 10, 2024. Microsoft Corp. leads at 18.2%, Apple Inc. at 16.5%, Nvidia at 8.1%. It includes 140 stocks.
Microsoft Azure grew 29% in constant currency in Q1 fiscal 2025, per its July 30, 2024 earnings release. Apple announced Apple Intelligence AI features at WWDC June 2024. Salesforce Inc. and Adobe Inc. reported AI product launches in Q3 2024 earnings calls on September 2024.
IYW manages $19.2 billion USD AUM at 0.39% expense ratio, per BlackRock.
SOXX vs IYW: Key Metrics Comparison
- Metric: Benchmark · SOXX: ICE Semiconductor Index · IYW: Russell 1000 Tech RIC 22.5/75
- Metric: Holdings · SOXX: 30 · IYW: 140
- Metric: Top Holdings · SOXX: Nvidia 8.6%, Broadcom 7.9% · IYW: Microsoft 18.2%, Apple 16.5%
- Metric: AUM · SOXX: $12.6B USD · IYW: $19.2B USD
- Metric: Expense Ratio · SOXX: 0.35% · IYW: 0.39%
- Metric: YTD Return · SOXX: 45% · IYW: 28%
- Metric: 1-Year Return · SOXX: 62% · IYW: 47%
Data from BlackRock and Yahoo Finance, October 10, 2024.
Risk Factors in SOXX vs IYW
SOXX ties to semiconductor cycles and U.S. export controls. The U.S. Commerce Department expanded restrictions on advanced chips to China in October 2024, per its Bureau of Industry and Security notice.
IYW diversifies across tech but faces antitrust scrutiny. The Federal Trade Commission sued Amazon, Alphabet, and others in 2023-2024 filings, ongoing as of October 2024.
Beta measures show SOXX at 1.45 versus S&P 500, IYW at 1.12, per Yahoo Finance October 10 data.
Year-to-Date and One-Year Performance
SOXX returned 45% YTD through October 10, 2024, per Yahoo Finance, driven by Nvidia's sales. IYW posted 28%, supported by Microsoft growth.
One-year returns reached 62% for SOXX, 47% for IYW, Yahoo Finance tracks. SOXX dividend yield stands at 0.7%, IYW at 0.6%, trailing 12 months.
Goldman Sachs Research analyst Joe Sipala projected $1 trillion USD hyperscaler AI infrastructure spend through 2026 in a September 10, 2024 note.
Federal Reserve Chair Jerome Powell highlighted AI's productivity potential in Jackson Hole speech on August 23, 2024.
Investor Implications at Fear 29
Motley Fool's October 10, 2024 analysis recommends SOXX for AI hardware conviction, IYW for broader tech diversification amid fear. XRP traded at $1.37 USD, down 0.2%; Solana at $82.88 USD, down 0.1%, CoinGecko data.
Europe's AI Act mandates high-risk system rules from 2026, per EU official journal August 2024. BlackRock ETFs meet U.S. SEC disclosure standards.
Nvidia schedules Q3 fiscal 2025 earnings November 20, 2024. Microsoft follows January 2025. Goldman Sachs forecasts AI compute demand through 2026.
Frequently Asked Questions
Which ETF leads SOXX vs IYW for AI hardware exposure?
SOXX gained 45% YTD with Nvidia at 8.6%, per BlackRock Oct. 10, 2024. IYW up 28% led by Microsoft 18.2%, Motley Fool analysis.
What are SOXX vs IYW risks at Fear & Greed 29?
SOXX faces chip export controls per U.S. Commerce Oct. 2024; IYW antitrust probes via FTC. CoinGecko index at 29 on Oct. 10.
How does $1T AI capex impact SOXX vs IYW?
Goldman Sachs Joe Sipala forecasts $1T through 2026; SOXX captures semis, IYW software, per September 2024 note.
Why consider SOXX vs IYW now?
YTD 45% vs 28% returns, Yahoo Finance Oct. 10. Motley Fool weighs picks amid fear index 29.
