^SOX vs. SOXL
Compare and contrast key facts about PHLX Semiconductor Index (^SOX) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SOX or SOXL.
Correlation
The correlation between ^SOX and SOXL is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^SOX vs. SOXL - Performance Comparison
Key characteristics
^SOX:
-0.17
SOXL:
-0.50
^SOX:
-0.16
SOXL:
-0.25
^SOX:
0.98
SOXL:
0.97
^SOX:
-0.34
SOXL:
-0.73
^SOX:
-0.79
SOXL:
-1.19
^SOX:
17.13%
SOXL:
54.31%
^SOX:
43.24%
SOXL:
127.74%
^SOX:
-87.15%
SOXL:
-90.46%
^SOX:
-24.97%
SOXL:
-80.15%
Returns By Period
In the year-to-date period, ^SOX achieves a -11.03% return, which is significantly higher than SOXL's -48.17% return. Over the past 10 years, ^SOX has underperformed SOXL with an annualized return of 20.16%, while SOXL has yielded a comparatively higher 21.27% annualized return.
^SOX
-11.03%
24.35%
-16.94%
-7.51%
19.91%
20.16%
SOXL
-48.17%
10.49%
-59.92%
-64.32%
9.41%
21.27%
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Risk-Adjusted Performance
^SOX vs. SOXL — Risk-Adjusted Performance Rank
^SOX
SOXL
^SOX vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PHLX Semiconductor Index (^SOX) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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.
Drawdowns
^SOX vs. SOXL - Drawdown Comparison
The maximum ^SOX drawdown since its inception was -87.15%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for ^SOX and SOXL. For additional features, visit the drawdowns tool.
Volatility
^SOX vs. SOXL - Volatility Comparison
The current volatility for PHLX Semiconductor Index (^SOX) is 13.25%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 40.90%. This indicates that ^SOX experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.