AAOX vs. SOXL

Last updated Jun 3, 2026

AAOX (Tradr 2X Long AAOI Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds - AAOX tracks the Applied Optoelectronics, Inc. (AAOI) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. At a 0.44 correlation, their price movements are largely independent. AAOX charges 1.49%/yr vs 0.75%/yr for SOXL.

Performance

AAOX vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long AAOI Daily ETF (AAOX) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AAOX

• 1D: 17.21%
• 1M: 1.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 5.34%
• 1M: 119.95%
• YTD: 567.48%
• 6M: 502.28%
• 1Y: 1,438.30%
• 3Y*: 135.13%
• 5Y*: 48.72%
• 10Y*: 65.39%

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

AAOX vs. SOXL - Yearly Performance Comparison

	2026 (YTD)
AAOX Tradr 2X Long AAOI Daily ETF	106.11%
SOXL Direxion Daily Semiconductor Bull 3X ETF	410.44%

Correlation

The correlation between AAOX and SOXL is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	0.44

Return for Risk

AAOX vs. SOXL — Risk / Return Rank

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

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 95
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.

AAOX vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long AAOI Daily ETF (AAOX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AAOX	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	14.28	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	15.04	0.52	+14.53

Drawdowns

AAOX vs. SOXL - Drawdown Comparison

The maximum AAOX drawdown since its inception was -52.25%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for AAOX and SOXL.

Drawdown Indicators

	AAOX	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-52.25%	-90.46%	+38.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-24.97%	0.00%	-24.97%
Average Drawdown Average peak-to-trough decline	-20.93%	-35.01%	+14.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.65%	—

Volatility

Volatility by Period

	AAOX	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	40.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	81.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	292.69%	102.11%	+190.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	292.69%	107.25%	+185.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	292.69%	99.04%	+193.65%

AAOX vs. SOXL - Expense Ratio Comparison

AAOX has a 1.49% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

AAOX vs. SOXL - Dividend Comparison

AAOX 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
AAOX Tradr 2X Long AAOI Daily ETF	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 AAOX and SOXL in my portfolio?

AAOX and SOXL have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAOX or SOXL?

On fees, SOXL is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAOX or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 1.49% for AAOX.

Which ETF pays a higher dividend yield, AAOX or SOXL?

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for AAOX.

What is the main difference between AAOX and SOXL?

AAOX tracks Applied Optoelectronics, Inc. (AAOI), while SOXL tracks ICE Semiconductor Index. They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for AAOX and 0.75% for SOXL.