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 ICE Semiconductor Index. Both are passively managed. Over the past 3 years, AAPD returned -15.75%/yr vs 85.89%/yr for SOXL. At a correlation of -0.46, they often move in opposite directions. 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 -14.80% return, which is significantly lower than SOXL's 293.46% return.
AAPD
- 1D
- -0.63%
- 1M
- -8.69%
- 6M
- -18.47%
- YTD
- -14.80%
- 1Y
- -33.43%
- 3Y*
- -15.75%
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- -13.99%
- 1M
- -29.53%
- 6M
- 202.60%
- YTD
- 293.46%
- 1Y
- 506.15%
- 3Y*
- 85.89%
- 5Y*
- 32.23%
- 10Y*
- 56.08%
AAPD vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAPD Direxion Daily AAPL Bear 1X Shares | -14.80% | -11.41% | -21.45% | -30.42% | 20.24% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 293.46% | 54.91% | -12.31% | 226.98% | -52.60% |
Correlation
The correlation between AAPD and SOXL is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | -0.46 |
The correlation between AAPD and SOXL shifts across timeframes, from -0.46 (all time) to -0.30 (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 | -5.53 | ||
| Sortino ratioReturn per unit of downside risk | -5.13 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.43 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 11.33 | -12.26 |
| Martin ratioReturn relative to average drawdown | -1.42 | 32.97 | -34.39 |
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Drawdowns
AAPD vs. SOXL - Drawdown Comparison
The maximum AAPD drawdown since its inception was -60.28%, 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 | -60.28% | -90.46% | +30.18% |
Max Drawdown (1Y)Largest decline over 1 year | -36.31% | -45.05% | +8.74% |
Max Drawdown (3Y)Largest decline over 3 years | -49.69% | -87.88% | +38.19% |
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 | -60.28% | -45.02% | -15.26% |
Average DrawdownAverage peak-to-trough decline | -34.79% | -34.94% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.53% | 15.45% | +8.08% |
Volatility
AAPD vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily AAPL Bear 1X Shares (AAPD) is 9.46%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 65.64%. 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 | 9.46% | 65.64% | -56.18% |
Volatility (6M)Calculated over the trailing 6-month period | 18.60% | 108.34% | -89.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.00% | 123.98% | -99.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.17% | 111.84% | -84.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.17% | 101.32% | -74.15% |
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 3.59%, 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 | 3.59% | 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 -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (65.64%) compared to AAPD (9.46%). In terms of maximum drawdown, AAPD dropped -60.28% vs SOXL's -90.46%.
On 3-year performance, SOXL leads with 85.89% vs -15.75% for AAPD. On fees, SOXL is cheaper at 0.75% per year. On volatility, AAPD has been the lower-risk option at 9.46%. 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 85.89% return vs -15.75%. 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 3.59%, 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 ICE Semiconductor Index. Their fees differ too: 1.06% for AAPD and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (4.13 vs -1.40), 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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