AAPD vs. SOXL
AAPD (Direxion Daily AAPL Bear 1X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - AAPD is a Inverse Equities fund tracking the Apple Inc. (-100%), while SOXL is a Leveraged Equities fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 3 years, AAPD returned -14.50%/yr vs 60.01%/yr for SOXL. Their -0.44 correlation means they have often moved in opposite directions in the past. AAPD charges 1.06%/yr vs 0.75%/yr for SOXL.
Performance
AAPD vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, AAPD achieves a -13.02% return, which is significantly lower than SOXL's 172.95% return.
AAPD
- 1D
- 7.44%
- 1M
- -0.88%
- 6M
- -17.25%
- YTD
- -13.02%
- 1Y
- -34.98%
- 3Y*
- -14.50%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -15.73%
SOXL
- 1D
- 0.00%
- 1M
- -36.78%
- 6M
- 85.66%
- YTD
- 172.95%
- 1Y
- 376.55%
- 3Y*
- 60.01%
- 5Y*
- 21.65%
- 10Y*
- 48.63%
- ALL TIME*
- 38.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $137.51M | $120.86M | $103.92M | |
| $10.60B | $10.77B | $11.72B |
AAPD vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAPD Direxion Daily AAPL Bear 1X Shares | -13.02% | -11.41% | -21.45% | -30.42% | 20.24% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 172.95% | 54.91% | -12.31% | 226.98% | -52.60% |
Correlation
The correlation between AAPD and SOXL is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.24 |
Correlation (3Y) Balances recent behavior with more history. | -0.35 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | -0.44 |
The correlation between AAPD and SOXL shifts across timeframes, from -0.44 (all time) to -0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AAPD vs. SOXL — Risk / Return Rank
AAPD
SOXL
AAPD vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bear 1X Shares (AAPD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAPD | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.07 | ||
| Sortino ratioReturn per unit of downside risk | -4.63 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.36 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 5.22 | -6.04 |
| Martin ratioReturn relative to average drawdown | -1.32 | 18.04 | -19.37 |
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Drawdowns
AAPD vs. SOXL - Drawdown Comparison
The maximum AAPD drawdown since its inception was -63.02%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for AAPD and SOXL.
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Drawdown Indicators
| AAPD | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.02% | -90.46% | +27.44% |
Max Drawdown (1Y)Largest decline over 1 year | -40.70% | -69.42% | +28.72% |
Max Drawdown (3Y)Largest decline over 3 years | -53.16% | -87.88% | +34.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -59.46% | -61.86% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -35.16% | -35.00% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.23% | 20.04% | +5.19% |
Volatility
AAPD vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily AAPL Bear 1X Shares (AAPD) is 11.34%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 52.68%. This indicates that AAPD 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.
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Volatility by Period
| AAPD | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.34% | 52.68% | -41.34% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 115.51% | -95.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.86% | 130.99% | -105.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.44% | 113.21% | -85.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.44% | 102.11% | -74.67% |
AAPD vs. SOXL - Expense Ratio Comparison
AAPD has a 1.06% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
AAPD vs. SOXL - Dividend Comparison
AAPD's dividend yield for the trailing twelve months is around 3.52%, more than SOXL's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AAPD Direxion Daily AAPL Bear 1X Shares | 3.52% | 3.60% | 4.55% | 4.37% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.01% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
AAPD and SOXL have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (52.68%) compared to AAPD (11.34%). In terms of maximum drawdown, AAPD dropped -63.02% vs SOXL's -90.46%.
On 3-year performance, SOXL leads with 60.01% vs -14.50% for AAPD. On fees, SOXL is cheaper at 0.75% per year. On volatility, AAPD has been the lower-risk option at 11.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SOXL has performed better with a 60.01% return vs -14.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXL is cheaper with a 0.75% expense ratio, compared with 1.06% for AAPD.
AAPD has the higher dividend yield at 3.52%, compared with 0.01% for SOXL.
AAPD is categorized as Inverse Equities, while SOXL is Leveraged Equities. AAPD tracks Apple Inc. (-100%), while SOXL tracks NYSE Semiconductor Index. Their fees differ too: 1.06% for AAPD and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (2.77 vs -1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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