0981.HK vs. SOXL
Compare and contrast key facts about Semiconductor Manufacturing International Corp (0981.HK) 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: 0981.HK or SOXL.
Correlation
The correlation between 0981.HK and SOXL is 0.09, 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.
Performance
0981.HK vs. SOXL - Performance Comparison
Key characteristics
0981.HK:
0.56
SOXL:
-0.02
0981.HK:
1.39
SOXL:
0.69
0981.HK:
1.18
SOXL:
1.09
0981.HK:
0.54
SOXL:
-0.03
0981.HK:
1.75
SOXL:
-0.06
0981.HK:
20.38%
SOXL:
35.92%
0981.HK:
64.09%
SOXL:
101.64%
0981.HK:
-95.27%
SOXL:
-90.46%
0981.HK:
-32.54%
SOXL:
-61.82%
Returns By Period
In the year-to-date period, 0981.HK achieves a 42.50% return, which is significantly higher than SOXL's -12.59% return. Over the past 10 years, 0981.HK has underperformed SOXL with an annualized return of 14.74%, while SOXL has yielded a comparatively higher 29.00% annualized return.
0981.HK
42.50%
5.20%
51.99%
38.39%
20.98%
14.74%
SOXL
-12.59%
-4.18%
-52.88%
-10.04%
8.51%
29.00%
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Risk-Adjusted Performance
0981.HK vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Semiconductor Manufacturing International Corp (0981.HK) 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.
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 0.89%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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 Shares | 0.89% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
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 -90.46%. Use the drawdown chart below to compare losses from any high point for 0981.HK and SOXL. For additional features, visit the drawdowns tool.
Volatility
0981.HK vs. SOXL - Volatility Comparison
The current volatility for Semiconductor Manufacturing International Corp (0981.HK) is 14.80%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 24.39%. 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.