AJG vs. SOXL

Last updated Jun 4, 2026

AJG (Arthur J. Gallagher & Co.) is a stock, while SOXL (Direxion Daily Semiconductor Bull 3X ETF) is Leveraged Equities fund tracking the ICE Semiconductor Index. Over the past 10 years, AJG returned 17.35%/yr vs 65.39%/yr for SOXL. At a 0.36 correlation, their price movements are largely independent.

Performance

AJG vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arthur J. Gallagher & Co. (AJG) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AJG achieves a -21.51% return, which is significantly lower than SOXL's 567.48% return. Over the past 10 years, AJG has underperformed SOXL with an annualized return of 17.35%, while SOXL has yielded a comparatively higher 65.39% annualized return.

AJG

• 1D: -1.59%
• 1M: -2.19%
• YTD: -21.51%
• 6M: -17.00%
• 1Y: -40.77%
• 3Y*: 0.32%
• 5Y*: 7.98%
• 10Y*: 17.35%

SOXL

• 1D: 5.34%
• 1M: 119.95%
• YTD: 567.48%
• 6M: 502.28%
• 1Y: 1,438.30%
• 3Y*: 135.13%
• 5Y*: 48.72%
• 10Y*: 65.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AJG vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AJG Arthur J. Gallagher & Co.	-21.51%	-8.03%	27.34%	20.51%	12.44%	39.02%	32.12%	31.79%	19.19%	25.04%
SOXL Direxion Daily Semiconductor Bull 3X ETF	567.48%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	141.71%

Correlation

The correlation between AJG and SOXL is -0.28, 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	-0.28
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Mar 12, 2010	0.36

The correlation between AJG and SOXL shifts across timeframes, from -0.28 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AJG vs. SOXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AJG

AJG Risk / Return Rank: 2
AJG Sharpe Ratio Rank: 1
AJG Sortino Ratio Rank: 2
AJG Omega Ratio Rank: 2
AJG Calmar Ratio Rank: 3
AJG Martin Ratio Rank: 3

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 95
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AJG vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arthur J. Gallagher & Co. (AJG) 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.

	AJG	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-1.48	14.28	-15.77
Sortino ratio: Return per unit of downside risk	-2.14	5.17	-7.31
Omega ratio: Gain probability vs. loss probability	0.73	1.72	-0.99
Calmar ratio: Return relative to maximum drawdown	-0.97	33.47	-34.44
Martin ratio: Return relative to average drawdown	-1.63	114.79	-116.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AJG vs. SOXL - Sharpe Ratio Comparison

The current AJG Sharpe Ratio is -1.48, which is lower than the SOXL Sharpe Ratio of 14.28. The chart below compares the historical Sharpe Ratios of AJG and SOXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AJG	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.48	14.28	-15.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.46	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.66	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.52	-0.05

Drawdowns

AJG vs. SOXL - Drawdown Comparison

The maximum AJG drawdown since its inception was -57.49%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for AJG and SOXL.

Drawdown Indicators

	AJG	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-57.49%	-90.46%	+32.97%
Max Drawdown (1Y) Largest decline over 1 year	-42.35%	-43.47%	+1.12%
Max Drawdown (3Y) Largest decline over 3 years	-44.40%	-87.88%	+43.48%
Max Drawdown (5Y) Largest decline over 5 years	-44.40%	-90.46%	+46.06%
Max Drawdown (10Y) Largest decline over 10 years	-44.40%	-90.46%	+46.06%
Current Drawdown Current decline from peak	-41.36%	0.00%	-41.36%
Average Drawdown Average peak-to-trough decline	-12.82%	-35.01%	+22.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.73%	12.65%	+14.08%

Volatility

AJG vs. SOXL - Volatility Comparison

The current volatility for Arthur J. Gallagher & Co. (AJG) is 8.97%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 40.82%. This indicates that AJG 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.

Volatility by Period

	AJG	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.97%	40.82%	-31.85%
Volatility (6M) Calculated over the trailing 6-month period	21.79%	81.29%	-59.50%
Volatility (1Y) Calculated over the trailing 1-year period	27.57%	102.11%	-74.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.84%	107.25%	-84.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	99.04%	-76.02%

Dividends

AJG vs. SOXL - Dividend Comparison

AJG's dividend yield for the trailing twelve months is around 1.31%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AJG Arthur J. Gallagher & Co.	1.31%	1.00%	0.85%	0.98%	1.08%	1.13%	1.46%	1.81%	2.23%	2.47%	2.93%	3.62%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%	0.00%

Frequently Asked Questions

Can I hold both AJG and SOXL in my portfolio?

AJG and SOXL have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AJG or SOXL?

SOXL has higher volatility (40.82%) compared to AJG (8.97%). In terms of maximum drawdown, AJG dropped -57.49% vs SOXL's -90.46%.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (14.28 vs -1.48), 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.