SOXX vs Broad Index Funds

SOXX has had a strong long-term run. Since July 2001, its cumulative NAV total return was about 1,741.9% through April 30, 2026. Over the last 10-year period, SOXX averaged 28.11% annual returns vs with 15.26% for the S&P 500. Semiconductors seem likely to remain a major part of the economy, but SOXX is also much more concentrated than broader funds like VOO or VTI. I’m interested in discussing the tradeoff between sector outperformance and concentration risk. What are your thoughts on holding S