Correlation
The correlation between ^VXN and SOXS is -0.56. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
^VXN vs. SOXS
Compare and contrast key facts about CBOE NASDAQ 100 Voltility Index (^VXN) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).
SOXS 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: ^VXN or SOXS.
Performance
^VXN vs. SOXS - Performance Comparison
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Key characteristics
^VXN:
0.47
SOXS:
-0.37
^VXN:
1.73
SOXS:
0.27
^VXN:
1.20
SOXS:
1.04
^VXN:
0.75
SOXS:
-0.50
^VXN:
1.79
SOXS:
-1.26
^VXN:
35.19%
SOXS:
39.54%
^VXN:
114.16%
SOXS:
131.14%
^VXN:
-87.50%
SOXS:
-100.00%
^VXN:
-69.34%
SOXS:
-100.00%
Returns By Period
In the year-to-date period, ^VXN achieves a 26.96% return, which is significantly higher than SOXS's -39.47% return. Over the past 10 years, ^VXN has outperformed SOXS with an annualized return of 5.26%, while SOXS has yielded a comparatively lower -67.42% annualized return.
^VXN
26.96%
-10.86%
43.77%
61.49%
-11.24%
-2.94%
5.26%
SOXS
-39.47%
-27.40%
-39.37%
-45.82%
-69.90%
-72.36%
-67.42%
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Risk-Adjusted Performance
^VXN vs. SOXS — Risk-Adjusted Performance Rank
^VXN
SOXS
^VXN vs. SOXS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE NASDAQ 100 Voltility Index (^VXN) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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.
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Drawdowns
^VXN vs. SOXS - Drawdown Comparison
The maximum ^VXN drawdown since its inception was -87.50%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ^VXN and SOXS.
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Volatility
^VXN vs. SOXS - Volatility Comparison
The current volatility for CBOE NASDAQ 100 Voltility Index (^VXN) is 22.10%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 30.38%. This indicates that ^VXN experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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