3x ETFs
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3x Shares | Leveraged Equities, Leveraged | 50% |
TQQQ ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 50% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in 3x ETFs, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly
The earliest data available for this chart is Mar 11, 2010, corresponding to the inception date of SOXL
Returns By Period
As of Nov 14, 2024, the 3x ETFs returned 28.72% Year-To-Date and 36.43% of annualized return in the last 10 years.
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 25.48% | 2.14% | 12.76% | 33.14% | 13.96% | 11.39% |
| 3x ETFs | 28.72% | -0.36% | -5.51% | 65.71% | 27.24% | 36.60% |
| Portfolio components: | ||||||
TQQQ ProShares UltraPro QQQ | 63.05% | 11.80% | 30.58% | 92.82% | 35.20% | 35.76% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | -4.93% | -13.87% | -35.53% | 32.21% | 14.52% | 33.16% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.03% | 23.93% | 5.69% | -16.15% | 22.84% | 16.40% | -13.80% | -5.74% | 0.76% | -10.96% | 28.72% | ||
| 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% | 60.88% |
| 2015 | -10.93% | 26.65% | -8.45% | 0.54% | 16.16% | -16.22% | -0.98% | -19.58% | -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% | 17.90% | -3.19% | 1.96% | 17.99% | -3.92% | 76.78% |
| 2013 | 15.54% | 6.85% | 6.03% | 5.65% | 14.42% | -4.96% | 12.92% | -6.60% | 18.52% | 11.88% | 6.34% | 11.97% | 150.42% |
Expense Ratio
3x ETFs has a high expense ratio of 0.97%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of 3x ETFs is 10, indicating that it is in the bottom 10% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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 | 2.04 | 2.42 | 1.33 | 2.06 | 8.51 |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.49 | 1.29 | 1.17 | 0.70 | 1.61 |
Dividends
Dividend yield
3x ETFs provided a 1.10% dividend yield over the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.10% | 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 | 1.16% | 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 | 1.03% | 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.
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 33.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -85.91% | Dec 28, 2021 | 202 | Oct 14, 2022 | 434 | Jul 10, 2024 | 636 |
| -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 |
| -51.78% | Jun 2, 2015 | 177 | Feb 11, 2016 | 122 | Aug 5, 2016 | 299 |
Volatility
Volatility Chart
The current 3x ETFs volatility is 18.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| SOXL | TQQQ | |
|---|---|---|
| SOXL | 1.00 | 0.83 |
| TQQQ | 0.83 | 1.00 |