BBIEX vs. SOXL

Last updated Jun 4, 2026

BBIEX (Bridge Builder International Equity Fund) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both funds - BBIEX is a Foreign Large Cap Equities fund managed by Bridge Builder, while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. Over the past 10 years, BBIEX returned 8.47%/yr vs 65.39%/yr for SOXL. A 0.65 correlation means they provide meaningful diversification when combined. BBIEX charges 0.37%/yr vs 0.75%/yr for SOXL.

Performance

BBIEX vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridge Builder International Equity Fund (BBIEX) 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, BBIEX achieves a 7.73% return, which is significantly lower than SOXL's 567.48% return. Over the past 10 years, BBIEX has underperformed SOXL with an annualized return of 8.47%, while SOXL has yielded a comparatively higher 65.39% annualized return.

BBIEX

• 1D: 0.19%
• 1M: 4.00%
• YTD: 7.73%
• 6M: 0.06%
• 1Y: 7.59%
• 3Y*: 12.36%
• 5Y*: 5.03%
• 10Y*: 8.47%

SOXL

• 1D: 5.34%
• 1M: 119.95%
• YTD: 567.48%
• 6M: 502.28%
• 1Y: 1,438.30%
• 3Y*: 135.13%
• 5Y*: 48.72%
• 10Y*: 65.39%

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

BBIEX vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBIEX Bridge Builder International Equity Fund	7.73%	17.63%	5.67%	17.29%	-18.01%	10.54%	15.76%	23.14%	-13.28%	26.70%
SOXL Direxion Daily Semiconductor Bull 3X ETF	567.48%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	141.71%

Correlation

The correlation between BBIEX and SOXL is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.65

The correlation between BBIEX and SOXL shifts across timeframes, from 0.54 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BBIEX vs. SOXL — Risk / Return Rank

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

BBIEX

BBIEX Risk / Return Rank: 6
BBIEX Sharpe Ratio Rank: 6
BBIEX Sortino Ratio Rank: 6
BBIEX Omega Ratio Rank: 6
BBIEX Calmar Ratio Rank: 6
BBIEX Martin Ratio Rank: 7

SOXL

SOXL Risk / Return Rank: 97
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.

BBIEX vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridge Builder International Equity Fund (BBIEX) 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.

	BBIEX	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	0.47	14.28	-13.81
Sortino ratio: Return per unit of downside risk	0.73	5.17	-4.44
Omega ratio: Gain probability vs. loss probability	1.10	1.72	-0.62
Calmar ratio: Return relative to maximum drawdown	0.63	33.47	-32.84
Martin ratio: Return relative to average drawdown	1.97	114.79	-112.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBIEX vs. SOXL - Sharpe Ratio Comparison

The current BBIEX Sharpe Ratio is 0.47, which is lower than the SOXL Sharpe Ratio of 14.28. The chart below compares the historical Sharpe Ratios of BBIEX 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

	BBIEX	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	14.28	-13.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.46	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.66	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.52	0.00

Drawdowns

BBIEX vs. SOXL - Drawdown Comparison

The maximum BBIEX drawdown since its inception was -32.92%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for BBIEX and SOXL.

Drawdown Indicators

	BBIEX	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-32.92%	-90.46%	+57.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-43.47%	+31.99%
Max Drawdown (3Y) Largest decline over 3 years	-13.89%	-87.88%	+73.99%
Max Drawdown (5Y) Largest decline over 5 years	-32.82%	-90.46%	+57.64%
Max Drawdown (10Y) Largest decline over 10 years	-32.92%	-90.46%	+57.54%
Current Drawdown Current decline from peak	-1.02%	0.00%	-1.02%
Average Drawdown Average peak-to-trough decline	-6.92%	-35.01%	+28.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	12.65%	-9.03%

Volatility

BBIEX vs. SOXL - Volatility Comparison

The current volatility for Bridge Builder International Equity Fund (BBIEX) is 4.06%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 40.82%. This indicates that BBIEX 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

	BBIEX	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	40.82%	-36.76%
Volatility (6M) Calculated over the trailing 6-month period	13.08%	81.29%	-68.21%
Volatility (1Y) Calculated over the trailing 1-year period	15.40%	102.11%	-86.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.46%	107.25%	-90.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	99.04%	-82.49%

BBIEX vs. SOXL - Expense Ratio Comparison

BBIEX has a 0.37% expense ratio, which is lower than SOXL's 0.75% expense ratio.

Dividends

BBIEX vs. SOXL - Dividend Comparison

BBIEX 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
BBIEX Bridge Builder International Equity Fund	0.00%	0.00%	5.34%	2.46%	2.34%	10.17%	3.80%	2.29%	3.54%	1.97%	1.40%
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 BBIEX and SOXL in my portfolio?

BBIEX and SOXL have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBIEX or SOXL?

SOXL has higher volatility (40.82%) compared to BBIEX (4.06%). In terms of maximum drawdown, BBIEX dropped -32.92% vs SOXL's -90.46%.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (14.28 vs 0.47), 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.