AIBU vs. SOXS
AIBU (Direxion Daily AI and Big Data Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both Leveraged Equities funds from Direxion - AIBU tracks the Solactive US AI & Big Data Index while SOXS tracks the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past year, AIBU returned 109.46% vs -97.75% for SOXS. At a correlation of -0.77, they often move in opposite directions. AIBU charges 0.96%/yr vs 1.08%/yr for SOXS.
Performance
AIBU vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, AIBU achieves a 48.05% return, which is significantly higher than SOXS's -92.10% return.
AIBU
- 1D
- -4.35%
- 1M
- 29.93%
- YTD
- 48.05%
- 6M
- 34.98%
- 1Y
- 109.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -5.03%
- 1M
- -62.97%
- YTD
- -92.10%
- 6M
- -91.70%
- 1Y
- -97.75%
- 3Y*
- -86.64%
- 5Y*
- -79.66%
- 10Y*
- -78.92%
AIBU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBU Direxion Daily AI and Big Data Bull 2X Shares | 48.05% | 42.25% | 38.36% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.10% | -85.53% | -19.05% |
Correlation
The correlation between AIBU and SOXS is -0.72, 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 | -0.72 |
Correlation (All Time) Calculated using the full available price history since May 16, 2024 | -0.77 |
The correlation between AIBU and SOXS has been stable across timeframes, ranging from -0.77 to -0.72 - a consistent structural relationship.
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Return for Risk
AIBU vs. SOXS — Risk / Return Rank
AIBU
SOXS
AIBU vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bull 2X Shares (AIBU) 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.
| AIBU | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.27 | ||
| Sortino ratioReturn per unit of downside risk | +6.61 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.58 | +0.76 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | -1.00 | +3.26 |
| Martin ratioReturn relative to average drawdown | 5.52 | -1.44 | +6.96 |
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
| AIBU | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | -0.96 | +3.27 |
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 | 1.25 | -0.79 | +2.04 |
Drawdowns
AIBU vs. SOXS - Drawdown Comparison
The maximum AIBU drawdown since its inception was -51.17%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for AIBU and SOXS.
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Drawdown Indicators
| AIBU | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.17% | -100.00% | +48.83% |
Max Drawdown (1Y)Largest decline over 1 year | -48.71% | -97.68% | +48.97% |
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 | -4.35% | -100.00% | +95.65% |
Average DrawdownAverage peak-to-trough decline | -13.76% | -92.60% | +78.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.91% | 68.64% | -48.73% |
Volatility
AIBU vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily AI and Big Data Bull 2X Shares (AIBU) is 14.56%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.22%. This indicates that AIBU 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
| AIBU | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.56% | 44.22% | -29.66% |
Volatility (6M)Calculated over the trailing 6-month period | 36.96% | 83.94% | -46.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.71% | 102.18% | -54.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.37% | 108.21% | -52.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.37% | 100.48% | -45.11% |
AIBU vs. SOXS - Expense Ratio Comparison
AIBU has a 0.96% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
AIBU vs. SOXS - Dividend Comparison
AIBU's dividend yield for the trailing twelve months is around 1.51%, less than SOXS's 68.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AIBU Direxion Daily AI and Big Data Bull 2X Shares | 1.51% | 2.27% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 68.34% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
AIBU and SOXS have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.22%) compared to AIBU (14.56%). In terms of maximum drawdown, AIBU dropped -51.17% vs SOXS's -100.00%.
On 1-year performance, AIBU leads with 109.46% vs -97.75% for SOXS. On fees, AIBU is cheaper at 0.96% per year. On volatility, AIBU has been the lower-risk option at 14.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AIBU has performed better with a 109.46% return vs -97.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIBU is cheaper with a 0.96% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 68.34%, compared with 1.51% for AIBU.
AIBU tracks Solactive US AI & Big Data Index, while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 0.96% for AIBU and 1.08% for SOXS.
AIBU currently has the higher Sharpe Ratio (2.31 vs -0.96), 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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