AMUU vs. SOXS

Last updated Jun 23, 2026

AMUU (Direxion Daily AMD Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - AMUU is a Leveraged Equities fund actively managed by Direxion, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). AMUU is actively managed, while SOXS is passively managed. Over the past year, AMUU returned 984.73% vs -98.20% for SOXS. At a correlation of -0.77, they often move in opposite directions. AMUU charges 0.97%/yr vs 1.08%/yr for SOXS.

Performance

AMUU vs. SOXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMD Bull 2X Shares (AMUU) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMUU achieves a 390.11% return, which is significantly higher than SOXS's -94.69% return.

AMUU

• 1D: 5.57%
• 1M: 31.43%
• YTD: 390.11%
• 6M: 385.03%
• 1Y: 984.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXS

• 1D: -8.08%
• 1M: -57.31%
• YTD: -94.69%
• 6M: -94.57%
• 1Y: -98.20%
• 3Y*: -88.23%
• 5Y*: -81.24%
• 10Y*: -79.95%

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

AMUU vs. SOXS - Yearly Performance Comparison

	2026 (YTD)	2025
AMUU Direxion Daily AMD Bull 2X Shares	390.11%	153.20%
SOXS Direxion Daily Semiconductor Bear 3x Shares	-94.69%	-83.82%

Correlation

The correlation between AMUU and SOXS is -0.75, 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	-0.75
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	-0.77

The correlation between AMUU and SOXS has been stable across timeframes, ranging from -0.77 to -0.75 - a consistent structural relationship.

Return for Risk

AMUU vs. SOXS — Risk / Return Rank

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

AMUU

AMUU Risk / Return Rank: 95
AMUU Sharpe Ratio Rank: 99
AMUU Sortino Ratio Rank: 93
AMUU Omega Ratio Rank: 91
AMUU Calmar Ratio Rank: 98
AMUU Martin Ratio Rank: 96

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 2
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 1

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.

AMUU vs. SOXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bull 2X Shares (AMUU) 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.

	AMUU	SOXS	Difference
Sharpe ratio: Return per unit of total volatility	7.43	-0.86	+8.28
Sortino ratio: Return per unit of downside risk	4.31	-3.67	+7.98
Omega ratio: Gain probability vs. loss probability	1.57	0.61	+0.96
Calmar ratio: Return relative to maximum drawdown	17.67	-1.00	+18.67
Martin ratio: Return relative to average drawdown	34.34	-1.46	+35.80

AMUU vs. SOXS - Sharpe Ratio Comparison

The current AMUU Sharpe Ratio is 7.43, which is higher than the SOXS Sharpe Ratio of -0.86. The chart below compares the historical Sharpe Ratios of AMUU and SOXS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMUU vs. SOXS - Drawdown Comparison

The maximum AMUU drawdown since its inception was -56.47%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for AMUU and SOXS.

Drawdown Indicators

	AMUU	SOXS	Difference
Max Drawdown Largest peak-to-trough decline	-56.47%	-100.00%	+43.53%
Max Drawdown (1Y) Largest decline over 1 year	-56.31%	-98.17%	+41.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-99.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	-0.64%	-100.00%	+99.36%
Average Drawdown Average peak-to-trough decline	-22.50%	-92.60%	+70.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.92%	67.64%	-38.72%

Volatility

AMUU vs. SOXS - Volatility Comparison

The current volatility for Direxion Daily AMD Bull 2X Shares (AMUU) is 46.38%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 61.89%. This indicates that AMUU 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.

Volatility by Period

	AMUU	SOXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.38%	61.89%	-15.51%
Volatility (6M) Calculated over the trailing 6-month period	101.29%	97.94%	+3.35%
Volatility (1Y) Calculated over the trailing 1-year period	134.26%	115.12%	+19.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	133.29%	110.92%	+22.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.29%	101.99%	+31.30%

AMUU vs. SOXS - Expense Ratio Comparison

AMUU has a 0.97% expense ratio, which is lower than SOXS's 1.08% expense ratio.

Dividends

AMUU vs. SOXS - Dividend Comparison

AMUU's dividend yield for the trailing twelve months is around 2.85%, less than SOXS's 101.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AMUU Direxion Daily AMD Bull 2X Shares	2.85%	13.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXS Direxion Daily Semiconductor Bear 3x Shares	101.68%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%

Frequently Asked Questions

Can I hold both AMUU and SOXS in my portfolio?

AMUU and SOXS have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMUU or SOXS?

SOXS has higher volatility (61.89%) compared to AMUU (46.38%). In terms of maximum drawdown, AMUU dropped -56.47% vs SOXS's -100.00%.

Which ETF is better, AMUU or SOXS?

On 1-year performance, AMUU leads with 984.73% vs -98.20% for SOXS. On fees, AMUU is cheaper at 0.97% per year. On volatility, AMUU has been the lower-risk option at 46.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMUU or SOXS?

Over the 1-year period, AMUU has performed better with a 984.73% return vs -98.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMUU or SOXS?

AMUU is cheaper with a 0.97% expense ratio, compared with 1.08% for SOXS.

Which ETF pays a higher dividend yield, AMUU or SOXS?

SOXS has the higher dividend yield at 101.68%, compared with 2.85% for AMUU.

What is the main difference between AMUU and SOXS?

AMUU is categorized as Leveraged Equities, while SOXS is Inverse Equities. Their fees differ too: 0.97% for AMUU and 1.08% for SOXS.

Which has better risk-adjusted returns?

AMUU currently has the higher Sharpe Ratio (7.43 vs -0.85), 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.