BRZU vs. SOXS
BRZU (Direxion Daily Brazil Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - BRZU is a Leveraged Equities fund tracking the MSCI Brazil 25/50 Index, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, BRZU returned -20.06%/yr vs -78.28%/yr for SOXS. At a correlation of -0.35, they often move in opposite directions. BRZU charges 1.29%/yr vs 1.08%/yr for SOXS.
Performance
BRZU vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, BRZU achieves a 16.56% return, which is significantly higher than SOXS's -91.07% return. Over the past 10 years, BRZU has outperformed SOXS with an annualized return of -20.06%, while SOXS has yielded a comparatively lower -78.28% annualized return.
BRZU
- 1D
- -0.46%
- 1M
- 5.75%
- 6M
- 7.69%
- YTD
- 16.56%
- 1Y
- 57.13%
- 3Y*
- 5.87%
- 5Y*
- -1.38%
- 10Y*
- -20.06%
SOXS
- 1D
- 5.44%
- 1M
- 24.40%
- 6M
- -86.63%
- YTD
- -91.07%
- 1Y
- -96.00%
- 3Y*
- -84.58%
- 5Y*
- -79.30%
- 10Y*
- -78.28%
BRZU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRZU Direxion Daily Brazil Bull 2X Shares | 16.56% | 97.99% | -57.07% | 55.48% | 8.30% | -39.23% | -91.34% | 57.02% | -37.21% | 30.80% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.07% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Correlation
The correlation between BRZU and SOXS is -0.39, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | -0.35 |
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Return for Risk
BRZU vs. SOXS — Risk / Return Rank
BRZU
SOXS
BRZU vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Brazil Bull 2X Shares (BRZU) 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.
| BRZU | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +4.26 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.72 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | -0.98 | +2.58 |
| Martin ratioReturn relative to average drawdown | 3.93 | -1.40 | +5.32 |
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Drawdowns
BRZU vs. SOXS - Drawdown Comparison
The maximum BRZU drawdown since its inception was -99.71%, roughly equal to the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BRZU and SOXS.
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Drawdown Indicators
| BRZU | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.71% | -100.00% | +0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -35.97% | -97.89% | +61.92% |
Max Drawdown (3Y)Largest decline over 3 years | -58.25% | -99.87% | +41.62% |
Max Drawdown (5Y)Largest decline over 5 years | -62.89% | -99.98% | +37.09% |
Max Drawdown (10Y)Largest decline over 10 years | -98.11% | -100.00% | +1.89% |
Current DrawdownCurrent decline from peak | -99.17% | -100.00% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -89.61% | -92.64% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.62% | 68.63% | -54.01% |
Volatility
BRZU vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Brazil Bull 2X Shares (BRZU) is 11.60%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 57.60%. This indicates that BRZU 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
| BRZU | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.60% | 57.60% | -46.00% |
Volatility (6M)Calculated over the trailing 6-month period | 39.80% | 109.97% | -70.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.90% | 126.59% | -76.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.26% | 113.25% | -57.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.27% | 103.02% | -20.75% |
BRZU vs. SOXS - Expense Ratio Comparison
BRZU has a 1.29% expense ratio, which is higher than SOXS's 1.08% expense ratio.
Dividends
BRZU vs. SOXS - Dividend Comparison
BRZU's dividend yield for the trailing twelve months is around 1.93%, less than SOXS's 41.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BRZU Direxion Daily Brazil Bull 2X Shares | 1.93% | 2.39% | 8.73% | 3.24% | 4.70% | 6.29% | 0.78% | 0.95% | 1.04% | 0.74% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 41.39% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% |
Frequently Asked Questions
BRZU and SOXS have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (57.60%) compared to BRZU (11.60%). In terms of maximum drawdown, BRZU dropped -99.71% vs SOXS's -100.00%.
On 10-year performance, BRZU leads with -20.06% vs -78.28% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, BRZU has been the lower-risk option at 11.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BRZU has performed better with a -20.06% return vs -78.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXS is cheaper with a 1.08% expense ratio, compared with 1.29% for BRZU.
SOXS has the higher dividend yield at 41.39%, compared with 1.93% for BRZU.
BRZU is categorized as Leveraged Equities, while SOXS is Inverse Equities. BRZU tracks MSCI Brazil 25/50 Index, while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.29% for BRZU and 1.08% for SOXS.
BRZU currently has the higher Sharpe Ratio (1.15 vs -0.76), 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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