AWAY vs. SOXL

Last updated Jun 23, 2026

AWAY (ETFMG Travel Tech ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - AWAY is a Consumer Discretionary Equities fund tracking the Prime Travel Technology Index, while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. Both are passively managed. Over the past 5 years, AWAY returned -10.42%/yr vs 51.34%/yr for SOXL. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

AWAY vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG Travel Tech ETF (AWAY) 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, AWAY achieves a -14.15% return, which is significantly lower than SOXL's 615.61% return.

AWAY

• 1D: -1.25%
• 1M: 8.11%
• YTD: -14.15%
• 6M: -16.05%
• 1Y: -13.55%
• 3Y*: 1.81%
• 5Y*: -10.42%
• 10Y*: —

SOXL

• 1D: 7.69%
• 1M: 57.83%
• YTD: 615.61%
• 6M: 595.26%
• 1Y: 1,322.96%
• 3Y*: 141.01%
• 5Y*: 51.34%
• 10Y*: 68.93%

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

AWAY vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AWAY ETFMG Travel Tech ETF	-14.15%	-3.36%	10.44%	17.94%	-32.25%	-5.91%	3.47%
SOXL Direxion Daily Semiconductor Bull 3X ETF	615.61%	54.91%	-12.31%	226.98%	-85.66%	118.84%	47.45%

Correlation

The correlation between AWAY and SOXL is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Feb 13, 2020	0.55

Over the past year, the correlation between AWAY and SOXL has dropped to 0.33 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

AWAY vs. SOXL - Sectors Allocation Comparison

Sectors	AWAY	SOXL
Consumer Cyclical	64.2%	-
Technology	29.0%	100.0%
Communication Services	4.4%	-
Industrials	1.2%	-
Financial Services	0.2%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AWAY vs. SOXL — Risk / Return Rank

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

AWAY

AWAY Risk / Return Rank: 4
AWAY Sharpe Ratio Rank: 4
AWAY Sortino Ratio Rank: 4
AWAY Omega Ratio Rank: 4
AWAY Calmar Ratio Rank: 5
AWAY Martin Ratio Rank: 5

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 94
SOXL Omega Ratio Rank: 94
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.

AWAY vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG Travel Tech ETF (AWAY) 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.

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.

	AWAY	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	11.72	-12.32
Sortino ratio: Return per unit of downside risk	-0.73	4.57	-5.30
Omega ratio: Gain probability vs. loss probability	0.91	1.65	-0.74
Calmar ratio: Return relative to maximum drawdown	-0.41	30.78	-31.19
Martin ratio: Return relative to average drawdown	-0.79	99.38	-100.17

AWAY vs. SOXL - Sharpe Ratio Comparison

The current AWAY Sharpe Ratio is -0.61, which is lower than the SOXL Sharpe Ratio of 11.72. The chart below compares the historical Sharpe Ratios of AWAY 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.

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.

Drawdown Indicators

	AWAY	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-90.46%	+33.89%
Max Drawdown (1Y) Largest decline over 1 year	-32.83%	-43.47%	+10.64%
Max Drawdown (3Y) Largest decline over 3 years	-32.83%	-87.88%	+55.05%
Max Drawdown (5Y) Largest decline over 5 years	-51.63%	-90.46%	+38.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-48.21%	0.00%	-48.21%
Average Drawdown Average peak-to-trough decline	-36.31%	-34.95%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.14%	13.44%	+3.70%

Volatility

AWAY vs. SOXL - Volatility Comparison

The current volatility for ETFMG Travel Tech ETF (AWAY) is 6.78%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 62.02%. 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.

Volatility by Period

	AWAY	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	62.02%	-55.24%
Volatility (6M) Calculated over the trailing 6-month period	18.50%	96.02%	-77.52%
Volatility (1Y) Calculated over the trailing 1-year period	22.44%	114.45%	-92.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.89%	109.85%	-82.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.75%	100.50%	-68.75%

AWAY vs. SOXL - Expense Ratio Comparison

Both AWAY and SOXL have an expense ratio of 0.75%.

Dividends

AWAY vs. SOXL - Dividend Comparison

AWAY has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AWAY ETFMG Travel Tech ETF	0.00%	0.00%	0.28%	0.00%	0.00%	0.00%	0.04%	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 AWAY and SOXL in my portfolio?

AWAY and SOXL have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AWAY or SOXL?

SOXL has higher volatility (62.02%) compared to AWAY (6.78%). In terms of maximum drawdown, AWAY dropped -56.57% vs SOXL's -90.46%.

Which ETF is better, AWAY or SOXL?

On 5-year performance, SOXL leads with 51.34% vs -10.42% for AWAY. Both ETFs have the same 0.75% expense ratio. On volatility, AWAY has been the lower-risk option at 6.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AWAY or SOXL?

Over the 5-year period, SOXL has performed better with a 51.34% return vs -10.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AWAY or SOXL?

AWAY and SOXL have the same expense ratio: 0.75% per year.

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

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for AWAY.

What is the main difference between AWAY and SOXL?

AWAY is categorized as Consumer Discretionary Equities, while SOXL is Leveraged Equities. AWAY tracks Prime Travel Technology Index, while SOXL tracks ICE Semiconductor Index. They also come from different issuers: ETFMG and Direxion.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (11.72 vs -0.61), 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.