BOEU vs. SOXS
BOEU (Direxion Daily BA Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - BOEU is a Leveraged Equities fund actively managed by Direxion, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). BOEU is actively managed, while SOXS is passively managed. Over the past year, BOEU returned -22.85% vs -96.46% for SOXS. Their -0.29 correlation means they have often moved in opposite directions in the past. BOEU charges 0.97%/yr vs 1.08%/yr for SOXS.
Performance
BOEU vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, BOEU achieves a -12.30% return, which is significantly higher than SOXS's -91.17% return.
BOEU
- 1D
- -4.26%
- 1M
- -9.86%
- 6M
- -23.44%
- YTD
- -12.30%
- 1Y
- -22.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.03%
SOXS
- 1D
- 0.65%
- 1M
- 20.33%
- 6M
- -85.96%
- YTD
- -91.17%
- 1Y
- -96.46%
- 3Y*
- -84.46%
- 5Y*
- -78.46%
- 10Y*
- -78.06%
- ALL TIME*
- -70.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $941.70K | $847.44K | $1.51M | |
| $3.72B | $3.43B | $3.32B |
BOEU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BOEU Direxion Daily BA Bull 2X Shares | -12.30% | 37.74% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.17% | -87.64% |
Correlation
The correlation between BOEU and SOXS is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025 | -0.29 |
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Return for Risk
BOEU vs. SOXS — Risk / Return Rank
BOEU
SOXS
BOEU vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BA Bull 2X Shares (BOEU) 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.
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.
| BOEU | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.74 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.98 | +0.49 |
| Martin ratioReturn relative to average drawdown | -0.91 | -1.35 | +0.44 |
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Drawdowns
BOEU vs. SOXS - Drawdown Comparison
The maximum BOEU drawdown since its inception was -46.03%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BOEU and SOXS.
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Drawdown Indicators
| BOEU | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.03% | -100.00% | +53.97% |
Max Drawdown (1Y)Largest decline over 1 year | -45.67% | -97.89% | +52.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -34.11% | -100.00% | +65.89% |
Average DrawdownAverage peak-to-trough decline | -18.81% | -92.65% | +73.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.10% | 71.27% | -46.17% |
Volatility
BOEU vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily BA Bull 2X Shares (BOEU) is 21.81%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 55.41%. This indicates that BOEU 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.
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Volatility by Period
| BOEU | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.81% | 55.41% | -33.60% |
Volatility (6M)Calculated over the trailing 6-month period | 49.19% | 117.32% | -68.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.30% | 132.87% | -67.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.07% | 114.55% | -51.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.07% | 103.76% | -40.69% |
BOEU vs. SOXS - Expense Ratio Comparison
BOEU has a 0.97% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
BOEU vs. SOXS - Dividend Comparison
BOEU's dividend yield for the trailing twelve months is around 2.30%, less than SOXS's 41.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BOEU Direxion Daily BA Bull 2X Shares | 2.30% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 41.84% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
BOEU and SOXS have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (55.41%) compared to BOEU (21.81%). In terms of maximum drawdown, BOEU dropped -46.03% vs SOXS's -100.00%.
On 1-year performance, BOEU leads with -22.85% vs -96.46% for SOXS. On fees, BOEU is cheaper at 0.97% per year. On volatility, BOEU has been the lower-risk option at 21.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BOEU has performed better with a -22.85% return vs -96.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BOEU is cheaper with a 0.97% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 41.84%, compared with 2.30% for BOEU.
BOEU is categorized as Leveraged Equities, while SOXS is Inverse Equities. Their fees differ too: 0.97% for BOEU and 1.08% for SOXS.
BOEU currently has the higher Sharpe Ratio (-0.35 vs -0.73), 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.
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