BERZ vs. SOXS
Compare and contrast key facts about MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).
BERZ and SOXS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BERZ is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive FANG Innovation Index. It was launched on Aug 17, 2021. SOXS 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 BERZ and SOXS 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: BERZ or SOXS.
Key characteristics
| BERZ | SOXS | |
|---|---|---|
| YTD Return | -66.16% | -63.13% |
| 1Y Return | -75.55% | -77.24% |
| 3Y Return (Ann) | -57.62% | -62.45% |
| Sharpe Ratio | -1.09 | -0.78 |
| Sortino Ratio | -2.39 | -1.47 |
| Omega Ratio | 0.75 | 0.84 |
| Calmar Ratio | -0.80 | -0.80 |
| Martin Ratio | -1.47 | -1.25 |
| Ulcer Index | 52.88% | 64.16% |
| Daily Std Dev | 71.00% | 102.37% |
| Max Drawdown | -97.18% | -100.00% |
| Current Drawdown | -97.18% | -100.00% |
Correlation
The correlation between BERZ and SOXS is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BERZ vs. SOXS - Performance Comparison
The year-to-date returns for both investments are quite close, with BERZ having a -66.16% return and SOXS slightly higher at -63.13%. 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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BERZ vs. SOXS - Expense Ratio Comparison
BERZ has a 0.95% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Risk-Adjusted Performance
BERZ vs. SOXS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) 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.
Dividends
BERZ vs. SOXS - Dividend Comparison
BERZ has not paid dividends to shareholders, while SOXS's dividend yield for the trailing twelve months is around 7.80%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 7.80% | 9.21% | 0.19% | 0.00% | 3.55% | 2.32% | 0.76% |
Drawdowns
BERZ vs. SOXS - Drawdown Comparison
The maximum BERZ drawdown since its inception was -97.18%, roughly equal to the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BERZ and SOXS. For additional features, visit the drawdowns tool.
Volatility
BERZ vs. SOXS - Volatility Comparison
The current volatility for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) is 22.38%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 27.97%. This indicates that BERZ 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.