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Defiance Daily Target 2X Long SOFI ETF (SOFX) Sharpe Ratio: -0.24

ETF · Currency in USD · Last updated Jun 24, 2026

The Defiance Daily Target 2X Long SOFI ETF seeks daily investment results equal to two times the daily percentage change in the share price of SoFi Technologies, Inc., before fees and expenses, using derivatives such as swap agreements.

SOFX's Sharpe Ratio of -0.24 indicates that for each unit of volatility, it generates -0.24 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SOFX Sharpe Ratio Rank

SOFX Sharpe Ratio Rank: 6.87
Concerning

SOFX ranks above 6.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

SOFX Sharpe Ratio Market Positioning

The chart shows SOFX's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.15
  • Green zone (top 25%): 2.15 or higher
  • Top 1%: 7.02+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares Defiance Daily Target 2X Long SOFI ETF's Sharpe Ratio with other ETFs in the Leveraged Equities category across multiple time periods, showing how SOFX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MULLGraniteShares 2x Long MU Daily ETF25.24
INTWGraniteShares 2x Long INTC Daily ETF13.25
SOXLDirexion Daily Semiconductor Bull 3X ETF8.45
AMDLGraniteShares 2x Long AMD Daily ETF6.28
AMUUDirexion Daily AMD Bull 2X Shares6.25
AMDGLeverage Shares 2X Long AMD Daily ETF6.20
KORUDirexion Daily South Korea Bull 3X Shares6.02
DLLLGraniteShares 2x Long DELL Daily ETF5.91
MVLLGraniteShares 2x Long MRVL Daily ETF4.78
GGLLDirexion Daily GOOGL Bull 2X Shares4.51
SOFXDefiance Daily Target 2X Long SOFI ETF-0.24

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SOFX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SOFX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SOFX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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