0981.HK vs. SOXL

Last updated Jun 5, 2026

0981.HK (Semiconductor Manufacturing International Corp) is a stock, while SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index. Over the past 10 years, 0981.HK returned 28.58%/yr vs 64.57%/yr for SOXL. At a 0.10 correlation, their price movements are largely independent.

Performance

0981.HK vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Semiconductor Manufacturing International Corp (0981.HK) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

0981.HK is traded in HKD, while SOXL is traded in USD. To make them comparable, the SOXL values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0981.HK achieves a 14.23% return, which is significantly lower than SOXL's 529.03% return. Over the past 10 years, 0981.HK has underperformed SOXL with an annualized return of 28.58%, while SOXL has yielded a comparatively higher 64.57% annualized return.

0981.HK

• 1D: -1.75%
• 1M: 15.11%
• YTD: 14.23%
• 6M: 16.76%
• 1Y: 100.99%
• 3Y*: 56.65%
• 5Y*: 28.24%
• 10Y*: 28.58%

SOXL

• 1D: -6.40%
• 1M: 82.16%
• YTD: 529.03%
• 6M: 485.49%
• 1Y: 1,278.49%
• 3Y*: 133.77%
• 5Y*: 47.07%
• 10Y*: 64.57%

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

0981.HK vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0981.HK Semiconductor Manufacturing International Corp	14.23%	125.08%	59.62%	18.78%	-10.40%	-16.32%	86.77%	74.31%	-49.33%	11.00%
SOXL Direxion Daily Semiconductor Bull 3X ETF	529.03%	55.21%	-12.76%	226.94%	-85.64%	120.03%	69.27%	230.08%	-38.94%	143.56%

Correlation

The correlation between 0981.HK and SOXL is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Mar 12, 2010	0.10

The correlation between 0981.HK and SOXL shifts across timeframes, from 0.10 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

0981.HK vs. SOXL — Risk / Return Rank

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

0981.HK

0981.HK Risk / Return Rank: 81
0981.HK Sharpe Ratio Rank: 87
0981.HK Sortino Ratio Rank: 84
0981.HK Omega Ratio Rank: 79
0981.HK Calmar Ratio Rank: 78
0981.HK Martin Ratio Rank: 76

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 94
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

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.

0981.HK vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Semiconductor Manufacturing International Corp (0981.HK) and Direxion Daily Semiconductor Bull 3X ETF (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.

	0981.HK	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	1.89	12.66	-10.77
Sortino ratio: Return per unit of downside risk	2.59	4.97	-2.39
Omega ratio: Gain probability vs. loss probability	1.30	1.69	-0.39
Calmar ratio: Return relative to maximum drawdown	2.36	29.82	-27.46
Martin ratio: Return relative to average drawdown	5.20	102.08	-96.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0981.HK vs. SOXL - Sharpe Ratio Comparison

The current 0981.HK Sharpe Ratio is 1.89, which is lower than the SOXL Sharpe Ratio of 12.66. The chart below compares the historical Sharpe Ratios of 0981.HK and SOXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	0981.HK	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	12.66	-10.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.44	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.65	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.51	-0.41

Drawdowns

0981.HK vs. SOXL - Drawdown Comparison

The maximum 0981.HK drawdown since its inception was -95.27%, which is greater than SOXL's maximum drawdown of -90.40%. Use the drawdown chart below to compare losses from any high point for 0981.HK and SOXL.

Drawdown Indicators

	0981.HK	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-95.27%	-90.40%	-4.87%
Max Drawdown (1Y) Largest decline over 1 year	-44.32%	-43.36%	-0.96%
Max Drawdown (3Y) Largest decline over 3 years	-44.32%	-87.94%	+43.62%
Max Drawdown (5Y) Largest decline over 5 years	-50.20%	-90.40%	+40.20%
Max Drawdown (10Y) Largest decline over 10 years	-66.58%	-90.40%	+23.82%
Current Drawdown Current decline from peak	-10.49%	-6.40%	-4.09%
Average Drawdown Average peak-to-trough decline	-60.01%	-35.01%	-25.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.83%	12.64%	+7.19%

Volatility

0981.HK vs. SOXL - Volatility Comparison

The current volatility for Semiconductor Manufacturing International Corp (0981.HK) is 19.75%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 41.07%. This indicates that 0981.HK 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

	0981.HK	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.75%	41.07%	-21.32%
Volatility (6M) Calculated over the trailing 6-month period	36.40%	81.57%	-45.17%
Volatility (1Y) Calculated over the trailing 1-year period	55.41%	102.18%	-46.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.11%	107.20%	-55.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.21%	99.00%	-45.79%

Dividends

0981.HK vs. SOXL - Dividend Comparison

0981.HK has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
0981.HK Semiconductor Manufacturing International Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both 0981.HK and SOXL in my portfolio?

0981.HK and SOXL have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.