AIBD vs. SOXS
AIBD (Direxion Daily AI and Big Data Bear 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - AIBD is a Inverse Equities fund tracking the Solactive US AI & Big Data Index, while SOXS is a Leveraged Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past year, AIBD returned -59.55% vs -97.52% for SOXS. A 0.72 correlation means they provide meaningful diversification when combined. AIBD charges 1.05%/yr vs 1.08%/yr for SOXS.
Performance
AIBD vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, AIBD achieves a -38.68% return, which is significantly higher than SOXS's -91.63% return.
AIBD
- 1D
- 4.30%
- 1M
- -24.36%
- YTD
- -38.68%
- 6M
- -33.54%
- 1Y
- -59.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- 5.91%
- 1M
- -54.82%
- YTD
- -91.63%
- 6M
- -91.49%
- 1Y
- -97.52%
- 3Y*
- -86.60%
- 5Y*
- -79.43%
- 10Y*
- -78.82%
AIBD vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -38.68% | -49.15% | -33.02% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.63% | -85.53% | -19.05% |
Correlation
The correlation between AIBD and SOXS is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 16, 2024 | 0.72 |
The correlation between AIBD and SOXS shifts across timeframes, from 0.61 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AIBD vs. SOXS — Risk / Return Rank
AIBD
SOXS
AIBD vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bear 2X Shares (AIBD) 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.
| AIBD | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 0.59 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -1.00 | +0.03 |
| Martin ratioReturn relative to average drawdown | -1.78 | -1.43 | -0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIBD | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.17 | -0.96 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.95 | -0.79 | -0.16 |
Drawdowns
AIBD vs. SOXS - Drawdown Comparison
The maximum AIBD drawdown since its inception was -82.11%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for AIBD and SOXS.
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Drawdown Indicators
| AIBD | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.11% | -100.00% | +17.89% |
Max Drawdown (1Y)Largest decline over 1 year | -61.47% | -97.68% | +36.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -81.34% | -100.00% | +18.66% |
Average DrawdownAverage peak-to-trough decline | -48.17% | -92.61% | +44.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.38% | 68.11% | -34.73% |
Volatility
AIBD vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily AI and Big Data Bear 2X Shares (AIBD) is 14.63%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.24%. This indicates that AIBD 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
| AIBD | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.63% | 44.24% | -29.61% |
Volatility (6M)Calculated over the trailing 6-month period | 37.40% | 84.19% | -46.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.16% | 102.19% | -51.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.52% | 108.21% | -51.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.52% | 100.48% | -43.96% |
AIBD vs. SOXS - Expense Ratio Comparison
AIBD has a 1.05% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
AIBD vs. SOXS - Dividend Comparison
AIBD's dividend yield for the trailing twelve months is around 5.68%, less than SOXS's 64.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 5.68% | 4.37% | 3.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 64.53% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
AIBD and SOXS have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.24%) compared to AIBD (14.63%). In terms of maximum drawdown, AIBD dropped -82.11% vs SOXS's -100.00%.
On 1-year performance, AIBD leads with -59.55% vs -97.52% for SOXS. On fees, AIBD is cheaper at 1.05% per year. On volatility, AIBD has been the lower-risk option at 14.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AIBD has performed better with a -59.55% return vs -97.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIBD is cheaper with a 1.05% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 64.53%, compared with 5.68% for AIBD.
AIBD is categorized as Inverse Equities, while SOXS is Leveraged Equities. AIBD tracks Solactive US AI & Big Data Index, while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.05% for AIBD and 1.08% for SOXS.
SOXS currently has the higher Sharpe Ratio (-0.95 vs -1.17), 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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