^UTY vs. SOXL

Last updated Apr 3, 2026

Compare and contrast key facts about PHLX Utility Sector Index (^UTY) 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.

Performance

^UTY vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PHLX Utility Sector Index (^UTY) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). The values are adjusted to include any dividend payments, if applicable.

^UTY vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^UTY PHLX Utility Sector Index	8.85%	13.45%	16.89%	-12.33%	-2.35%	14.64%	-0.62%	22.62%	-0.16%	8.96%
SOXL Direxion Daily Semiconductor Bull 3x Shares	25.51%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	141.71%

Returns By Period

In the year-to-date period, ^UTY achieves a 8.85% return, which is significantly lower than SOXL's 25.51% return. Over the past 10 years, ^UTY has underperformed SOXL with an annualized return of 6.32%, while SOXL has yielded a comparatively higher 41.63% annualized return.

^UTY

• 1D: 0.47%
• 1M: -1.16%
• YTD: 8.85%
• 6M: 6.74%
• 1Y: 15.56%
• 3Y*: 10.12%
• 5Y*: 6.85%
• 10Y*: 6.32%

SOXL

• 1D: 0.94%
• 1M: -1.25%
• YTD: 25.51%
• 6M: 34.98%
• 1Y: 225.54%
• 3Y*: 44.58%
• 5Y*: 5.09%
• 10Y*: 41.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^UTY vs. SOXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^UTY

^UTY Risk / Return Rank: 59
^UTY Sharpe Ratio Rank: 67
^UTY Sortino Ratio Rank: 62
^UTY Omega Ratio Rank: 55
^UTY Calmar Ratio Rank: 68
^UTY Martin Ratio Rank: 45

SOXL

SOXL Risk / Return Rank: 89
SOXL Sharpe Ratio Rank: 87
SOXL Sortino Ratio Rank: 86
SOXL Omega Ratio Rank: 84
SOXL Calmar Ratio Rank: 96
SOXL Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^UTY vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PHLX Utility Sector Index (^UTY) 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.

	^UTY	SOXL	Difference
Sharpe ratio Return per unit of total volatility	1.01	1.90	-0.89
Sortino ratio Return per unit of downside risk	1.39	2.45	-1.05
Omega ratio Gain probability vs. loss probability	1.19	1.35	-0.16
Calmar ratio Return relative to maximum drawdown	1.70	4.71	-3.01
Martin ratio Return relative to average drawdown	4.02	14.21	-10.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^UTY vs. SOXL - Sharpe Ratio Comparison

The current ^UTY Sharpe Ratio is 1.01, which is lower than the SOXL Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of ^UTY and SOXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^UTY	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	1.90	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.05	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.43	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.36	-0.09

Correlation

The correlation between ^UTY and SOXL is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

^UTY vs. SOXL - Drawdown Comparison

The maximum ^UTY drawdown since its inception was -48.16%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for ^UTY and SOXL.

Drawdown Indicators

	^UTY	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-48.16%	-90.46%	+42.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-43.47%	+34.19%
Max Drawdown (5Y) Largest decline over 5 years	-29.12%	-90.46%	+61.34%
Max Drawdown (10Y) Largest decline over 10 years	-36.10%	-90.46%	+54.36%
Current Drawdown Current decline from peak	-2.21%	-26.59%	+24.38%
Average Drawdown Average peak-to-trough decline	-12.50%	-35.33%	+22.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.91%	16.32%	-12.41%

Volatility

^UTY vs. SOXL - Volatility Comparison

The current volatility for PHLX Utility Sector Index (^UTY) is 4.84%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 37.87%. This indicates that ^UTY 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.

Volatility by Period

	^UTY	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.84%	37.87%	-33.03%
Volatility (6M) Calculated over the trailing 6-month period	9.97%	79.76%	-69.79%
Volatility (1Y) Calculated over the trailing 1-year period	15.47%	119.50%	-104.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.36%	105.36%	-88.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.48%	97.70%	-78.22%