AQN vs. SOXS
AQN (Algonquin Power & Utilities Corp) is a stock, while SOXS (Direxion Daily Semiconductor Bear 3x Shares) is Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Over the past 10 years, AQN returned 0.81%/yr vs -79.51%/yr for SOXS. At a correlation of -0.24, they often move in opposite directions.
Performance
AQN vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, AQN achieves a -1.40% return, which is significantly higher than SOXS's -93.64% return. Over the past 10 years, AQN has outperformed SOXS with an annualized return of 0.81%, while SOXS has yielded a comparatively lower -79.51% annualized return.
AQN
- 1D
- 1.01%
- 1M
- 4.35%
- YTD
- -1.40%
- 6M
- 2.99%
- 1Y
- 7.06%
- 3Y*
- -5.53%
- 5Y*
- -12.99%
- 10Y*
- 0.81%
SOXS
- 1D
- -16.31%
- 1M
- -57.20%
- YTD
- -93.64%
- 6M
- -93.96%
- 1Y
- -97.98%
- 3Y*
- -86.94%
- 5Y*
- -80.55%
- 10Y*
- -79.51%
AQN vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AQN Algonquin Power & Utilities Corp | -1.40% | 44.80% | -25.01% | 2.92% | -51.72% | -8.25% | 21.54% | 46.99% | -5.28% | 37.60% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.64% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Correlation
The correlation between AQN and SOXS is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | -0.24 |
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Return for Risk
AQN vs. SOXS — Risk / Return Rank
AQN
SOXS
AQN vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Algonquin Power & Utilities Corp (AQN) 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.
| AQN | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +4.24 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.60 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | -1.00 | +1.43 |
| Martin ratioReturn relative to average drawdown | 0.97 | -1.47 | +2.44 |
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Drawdowns
AQN vs. SOXS - Drawdown Comparison
The maximum AQN drawdown since its inception was -69.73%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for AQN and SOXS.
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Drawdown Indicators
| AQN | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.73% | -100.00% | +30.27% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -97.85% | +81.11% |
Max Drawdown (3Y)Largest decline over 3 years | -44.91% | -99.84% | +54.93% |
Max Drawdown (5Y)Largest decline over 5 years | -68.21% | -99.97% | +31.76% |
Max Drawdown (10Y)Largest decline over 10 years | -69.73% | -100.00% | +30.27% |
Current DrawdownCurrent decline from peak | -54.71% | -100.00% | +45.29% |
Average DrawdownAverage peak-to-trough decline | -18.32% | -92.60% | +74.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 68.09% | -60.77% |
Volatility
AQN vs. SOXS - Volatility Comparison
The current volatility for Algonquin Power & Utilities Corp (AQN) is 5.41%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 59.88%. This indicates that AQN 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
| AQN | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 59.88% | -54.47% |
Volatility (6M)Calculated over the trailing 6-month period | 18.67% | 96.36% | -77.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.09% | 112.29% | -88.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.56% | 110.26% | -79.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.98% | 101.64% | -73.66% |
Dividends
AQN vs. SOXS - Dividend Comparison
AQN's dividend yield for the trailing twelve months is around 4.33%, less than SOXS's 84.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQN Algonquin Power & Utilities Corp | 4.33% | 4.23% | 7.80% | 6.87% | 10.94% | 4.62% | 3.68% | 3.90% | 4.99% | 4.18% | 4.88% | 4.77% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 84.95% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AQN and SOXS have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (59.88%) compared to AQN (5.41%). In terms of maximum drawdown, AQN dropped -69.73% vs SOXS's -100.00%.
AQN currently has the higher Sharpe Ratio (0.30 vs -0.87), 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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