3x ETFs
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3x Shares | Leveraged Equities, Leveraged | 50% |
TQQQ ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 50% |
Performance
Performance Chart
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The earliest data available for this chart is Mar 11, 2010, corresponding to the inception date of SOXL
Returns By Period
As of May 28, 2025, the 3x ETFs returned -23.85% Year-To-Date and 28.44% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.68% | 7.17% | -1.66% | 11.63% | 14.34% | 10.88% |
| 3x ETFs | -23.85% | 35.50% | -24.88% | -36.24% | 23.74% | 28.44% |
| Portfolio components: | ||||||
TQQQ ProShares UltraPro QQQ | -10.09% | 31.71% | -10.58% | 10.01% | 29.99% | 31.45% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | -36.49% | 40.11% | -38.17% | -66.03% | 13.24% | 21.23% |
Monthly Returns
The table below presents the monthly returns of 3x ETFs, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.73% | -12.57% | -26.27% | -13.97% | 34.98% | -23.85% | |||||||
| 2024 | 3.03% | 23.93% | 5.69% | -16.15% | 22.84% | 16.40% | -13.80% | -5.74% | 0.76% | -10.96% | 5.17% | -1.30% | 22.45% |
| 2023 | 41.29% | -1.12% | 26.79% | -10.98% | 34.04% | 17.98% | 12.46% | -11.25% | -18.15% | -14.54% | 42.77% | 27.04% | 215.76% |
| 2022 | -30.08% | -11.78% | 2.77% | -39.90% | 0.53% | -37.79% | 45.19% | -23.19% | -33.47% | 4.54% | 32.98% | -28.21% | -82.36% |
| 2021 | 3.47% | 7.60% | 0.18% | 7.12% | -0.23% | 17.22% | 4.01% | 8.90% | -15.40% | 21.77% | 20.27% | 3.57% | 103.06% |
| 2020 | -1.59% | -16.90% | -45.47% | 42.45% | 18.16% | 20.03% | 21.29% | 26.52% | -12.47% | -6.01% | 49.33% | 14.95% | 95.22% |
| 2019 | 27.33% | 13.84% | 9.80% | 26.80% | -34.71% | 31.05% | 11.20% | -8.98% | 6.08% | 14.46% | 11.94% | 17.91% | 180.03% |
| 2018 | 26.91% | -4.54% | -11.47% | -10.37% | 25.28% | -5.73% | 9.34% | 12.19% | -4.49% | -30.83% | 1.47% | -24.31% | -29.34% |
| 2017 | 14.03% | 10.80% | 9.16% | 2.83% | 18.69% | -12.03% | 13.44% | 6.21% | 7.16% | 21.07% | 1.77% | -2.14% | 130.54% |
| 2016 | -22.26% | -1.51% | 24.45% | -11.82% | 19.62% | -6.56% | 28.68% | 9.12% | 8.96% | -4.74% | 11.52% | 5.37% | 60.87% |
| 2015 | -10.93% | 26.66% | -8.45% | 0.54% | 16.16% | -16.22% | -0.99% | -19.57% | -7.12% | 33.96% | 3.97% | -6.32% | -2.47% |
| 2014 | -5.32% | 18.29% | 2.23% | -4.44% | 13.39% | 14.20% | -5.43% | 17.91% | -3.19% | 1.96% | 17.99% | -3.92% | 76.78% |
Expense Ratio
3x ETFs has a high expense ratio of 0.97%, indicating above-average management fees. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of 3x ETFs is 2, meaning it’s performing worse than 98% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.13 | 0.75 | 1.10 | 0.20 | 0.51 |
SOXL Direxion Daily Semiconductor Bull 3x Shares | -0.51 | -0.22 | 0.97 | -0.73 | -1.14 |
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Dividends
Dividend yield
3x ETFs provided a 1.71% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.71% | 1.22% | 0.88% | 0.82% | 0.02% | 0.02% | 0.22% | 0.71% | 0.04% | 2.42% | 0.00% | 0.02% |
| Portfolio components: | ||||||||||||
TQQQ ProShares UltraPro QQQ | 1.39% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 2.03% | 1.18% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the 3x ETFs. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the 3x ETFs was 85.91%, occurring on Oct 14, 2022. Recovery took 434 trading sessions.
The current 3x ETFs drawdown is 51.81%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -85.91% | Dec 28, 2021 | 202 | Oct 14, 2022 | 434 | Jul 10, 2024 | 636 |
| -75.17% | Jul 11, 2024 | 187 | Apr 8, 2025 | — | — | — |
| -74.79% | Feb 20, 2020 | 22 | Mar 20, 2020 | 109 | Aug 25, 2020 | 131 |
| -59.17% | Aug 30, 2018 | 80 | Dec 24, 2018 | 78 | Apr 17, 2019 | 158 |
| -59.16% | Feb 18, 2011 | 157 | Oct 3, 2011 | 401 | May 9, 2013 | 558 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 2 assets, with an effective number of assets of 2.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| ^GSPC | SOXL | TQQQ | Portfolio | |
|---|---|---|---|---|
| ^GSPC | 1.00 | 0.78 | 0.90 | 0.86 |
| SOXL | 0.78 | 1.00 | 0.83 | 0.97 |
| TQQQ | 0.90 | 0.83 | 1.00 | 0.93 |
| Portfolio | 0.86 | 0.97 | 0.93 | 1.00 |