AAPU vs. SOXS
AAPU (Direxion Daily AAPL Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - AAPU is a Leveraged Equities fund tracking the Apple Inc. (150%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 3 years, AAPU returned 19.25%/yr vs -87.41%/yr for SOXS. At a correlation of -0.46, they often move in opposite directions. AAPU charges 1.04%/yr vs 1.08%/yr for SOXS.
Performance
AAPU vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, AAPU achieves a 9.14% return, which is significantly higher than SOXS's -93.50% return.
AAPU
- 1D
- -2.33%
- 1M
- -10.69%
- YTD
- 9.14%
- 6M
- 8.52%
- 1Y
- 85.62%
- 3Y*
- 19.25%
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- 22.42%
- 1M
- -47.74%
- YTD
- -93.50%
- 6M
- -93.24%
- 1Y
- -97.76%
- 3Y*
- -87.41%
- 5Y*
- -80.25%
- 10Y*
- -79.54%
AAPU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 9.14% | -2.91% | 58.45% | 68.66% | -32.44% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.50% | -85.53% | -59.55% | -84.56% | 5.91% |
Correlation
The correlation between AAPU and SOXS is -0.32, 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 | -0.32 |
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 AAPU and SOXS shifts across timeframes, from -0.46 (all time) to -0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AAPU vs. SOXS — Risk / Return Rank
AAPU
SOXS
AAPU vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bull 2X Shares (AAPU) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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.
| AAPU | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.74 | ||
| Sortino ratioReturn per unit of downside risk | +5.97 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.63 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | -1.00 | +3.98 |
| Martin ratioReturn relative to average drawdown | 7.03 | -1.51 | +8.54 |
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Drawdowns
AAPU vs. SOXS - Drawdown Comparison
The maximum AAPU drawdown since its inception was -58.61%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for AAPU and SOXS.
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Drawdown Indicators
| AAPU | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.61% | -100.00% | +41.39% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -97.94% | +69.04% |
Max Drawdown (3Y)Largest decline over 3 years | -58.61% | -99.87% | +41.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -14.08% | -100.00% | +85.92% |
Average DrawdownAverage peak-to-trough decline | -17.59% | -92.61% | +75.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.22% | 67.48% | -55.26% |
Volatility
AAPU vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily AAPL Bull 2X Shares (AAPU) is 14.03%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 66.67%. This indicates that AAPU experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPU | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.03% | 66.67% | -52.64% |
Volatility (6M)Calculated over the trailing 6-month period | 33.29% | 100.39% | -67.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.19% | 117.32% | -72.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.91% | 111.39% | -62.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.91% | 102.09% | -53.18% |
AAPU vs. SOXS - Expense Ratio Comparison
AAPU has a 1.04% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
AAPU vs. SOXS - Dividend Comparison
AAPU's dividend yield for the trailing twelve months is around 7.79%, less than SOXS's 83.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 7.79% | 8.66% | 14.58% | 2.32% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 83.05% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
AAPU and SOXS have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (66.67%) compared to AAPU (14.03%). In terms of maximum drawdown, AAPU dropped -58.61% vs SOXS's -100.00%.
On 3-year performance, AAPU leads with 19.25% vs -87.41% for SOXS. On fees, AAPU is cheaper at 1.04% per year. On volatility, AAPU has been the lower-risk option at 14.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AAPU has performed better with a 19.25% return vs -87.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AAPU is cheaper with a 1.04% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 83.05%, compared with 7.79% for AAPU.
AAPU is categorized as Leveraged Equities, while SOXS is Inverse Equities. AAPU tracks Apple Inc. (150%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.04% for AAPU and 1.08% for SOXS.
AAPU currently has the higher Sharpe Ratio (1.91 vs -0.83), 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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