AWAY vs. SOXL
Compare and contrast key facts about ETFMG Travel Tech ETF (AWAY) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
AWAY and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AWAY is a passively managed fund by ETFMG that tracks the performance of the Prime Travel Technology Index. It was launched on Feb 12, 2020. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both AWAY and SOXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AWAY or SOXL.
Key characteristics
| AWAY | SOXL | |
|---|---|---|
| YTD Return | 9.10% | 13.38% |
| 1Y Return | 28.84% | 94.03% |
| 3Y Return (Ann) | -9.76% | -17.11% |
| Sharpe Ratio | 1.33 | 0.90 |
| Sortino Ratio | 2.00 | 1.65 |
| Omega Ratio | 1.23 | 1.22 |
| Calmar Ratio | 0.52 | 1.22 |
| Martin Ratio | 5.89 | 3.02 |
| Ulcer Index | 4.63% | 30.16% |
| Daily Std Dev | 20.45% | 100.90% |
| Max Drawdown | -56.57% | -90.46% |
| Current Drawdown | -38.33% | -50.48% |
Correlation
The correlation between AWAY and SOXL is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AWAY vs. SOXL - Performance Comparison
In the year-to-date period, AWAY achieves a 9.10% return, which is significantly lower than SOXL's 13.38% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AWAY vs. SOXL - Expense Ratio Comparison
AWAY has a 0.75% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
AWAY vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Travel Tech ETF (AWAY) and Direxion Daily Semiconductor Bull 3x Shares (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.
Dividends
AWAY vs. SOXL - Dividend Comparison
AWAY's dividend yield for the trailing twelve months is around 0.29%, less than SOXL's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AWAY ETFMG Travel Tech ETF | 0.29% | 0.00% | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.87% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
AWAY vs. SOXL - Drawdown Comparison
The maximum AWAY drawdown since its inception was -56.57%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for AWAY and SOXL. For additional features, visit the drawdowns tool.
Volatility
AWAY vs. SOXL - Volatility Comparison
The current volatility for ETFMG Travel Tech ETF (AWAY) is 5.71%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 28.88%. This indicates that AWAY 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.