A position in the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) bought at the close on May 29, 2025 for $38.08 was worth $101.03 on May 29, 2026, a 165% twelve-month gain on a low-cost, plain-vanilla index fund that anyone with a brokerage account could have bought. Run that back to inception in June 2021 and the same fund, starting at $24.17 on June 11, 2021, has delivered a 318% total move, unusual compounding for a 30-stock market-cap-weighted index with a 0.19% expense ratio.