AVL vs. SOXL

Last updated Jun 3, 2026

AVL (Direxion Daily AVGO Bull 2X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds from Direxion. AVL is actively managed, while SOXL is passively managed. Over the past year, AVL returned 187.64% vs 1481.30% for SOXL. A 0.68 correlation means they provide meaningful diversification when combined. AVL charges 1.04%/yr vs 0.75%/yr for SOXL.

Performance

AVL vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AVGO Bull 2X Shares (AVL) 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, AVL achieves a 73.79% return, which is significantly lower than SOXL's 533.64% return.

AVL

• 1D: 9.40%
• 1M: 28.04%
• YTD: 73.79%
• 6M: 39.35%
• 1Y: 187.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 17.31%
• 1M: 104.23%
• YTD: 533.64%
• 6M: 508.04%
• 1Y: 1,481.30%
• 3Y*: 131.09%
• 5Y*: 49.21%
• 10Y*: 64.53%

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

AVL vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVL Direxion Daily AVGO Bull 2X Shares	73.79%	54.38%	39.90%
SOXL Direxion Daily Semiconductor Bull 3X ETF	533.64%	54.91%	-27.60%

Correlation

The correlation between AVL and SOXL is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024	0.68

The correlation between AVL and SOXL has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.

AVL vs. SOXL - Sectors Allocation Comparison

Sectors	AVL	SOXL
Technology	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AVL vs. SOXL — Risk / Return Rank

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

AVL

AVL Risk / Return Rank: 60
AVL Sharpe Ratio Rank: 65
AVL Sortino Ratio Rank: 55
AVL Omega Ratio Rank: 53
AVL Calmar Ratio Rank: 74
AVL Martin Ratio Rank: 50

SOXL

SOXL Risk / Return Rank: 98
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.

AVL vs. SOXL - Risk-Adjusted Trends Comparison

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

	AVL	SOXL	Difference
Sharpe ratio Return per unit of total volatility	2.20	14.69	-12.49
Sortino ratio Return per unit of downside risk	2.68	5.22	-2.54
Omega ratio Gain probability vs. loss probability	1.34	1.73	-0.39
Calmar ratio Return relative to maximum drawdown	3.79	35.72	-31.93
Martin ratio Return relative to average drawdown	8.47	122.73	-114.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVL vs. SOXL - Sharpe Ratio Comparison

The current AVL Sharpe Ratio is 2.20, which is lower than the SOXL Sharpe Ratio of 14.69. The chart below compares the historical Sharpe Ratios of AVL 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

	AVL	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	14.69	-12.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	0.51	+0.68

Drawdowns

AVL vs. SOXL - Drawdown Comparison

The maximum AVL drawdown since its inception was -70.63%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for AVL and SOXL.

Drawdown Indicators

	AVL	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-90.46%	+19.83%
Max Drawdown (1Y) Largest decline over 1 year	-53.69%	-43.47%	-10.22%
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-23.43%	-35.02%	+11.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.00%	12.65%	+11.35%

Volatility

AVL vs. SOXL - Volatility Comparison

The current volatility for Direxion Daily AVGO Bull 2X Shares (AVL) is 23.62%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 41.22%. This indicates that AVL 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

	AVL	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.62%	41.22%	-17.60%
Volatility (6M) Calculated over the trailing 6-month period	62.37%	81.21%	-18.84%
Volatility (1Y) Calculated over the trailing 1-year period	85.89%	102.08%	-16.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.37%	107.26%	-1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.37%	99.05%	+6.32%

AVL vs. SOXL - Expense Ratio Comparison

AVL has a 1.04% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

AVL vs. SOXL - Dividend Comparison

AVL's dividend yield for the trailing twelve months is around 16.99%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AVL Direxion Daily AVGO Bull 2X Shares	16.99%	29.04%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both AVL and SOXL in my portfolio?

AVL and SOXL have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVL or SOXL?

SOXL has higher volatility (41.22%) compared to AVL (23.62%). In terms of maximum drawdown, AVL dropped -70.63% vs SOXL's -90.46%.

Which ETF is better, AVL or SOXL?

On 1-year performance, SOXL leads with 1481.30% vs 187.64% for AVL. On fees, SOXL is cheaper at 0.75% per year. On volatility, AVL has been the lower-risk option at 23.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVL or SOXL?

Over the 1-year period, SOXL has performed better with a 1481.30% return vs 187.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVL or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 1.04% for AVL.

Which ETF pays a higher dividend yield, AVL or SOXL?

AVL has the higher dividend yield at 16.99%, compared with 0.03% for SOXL.

What is the main difference between AVL and SOXL?

Their fees differ too: 1.04% for AVL and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (14.69 vs 2.20), 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.