BULZ vs. SOXL
Compare and contrast key facts about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
BULZ and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BULZ is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive FANG Innovation. It was launched on Aug 17, 2021. SOXL 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 BULZ and SOXL 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: BULZ or SOXL.
Key characteristics
| BULZ | SOXL | |
|---|---|---|
| YTD Return | 62.18% | -4.93% |
| 1Y Return | 102.36% | 35.13% |
| 3Y Return (Ann) | -19.00% | -21.83% |
| Sharpe Ratio | 1.67 | 0.49 |
| Sortino Ratio | 2.08 | 1.29 |
| Omega Ratio | 1.28 | 1.17 |
| Calmar Ratio | 1.53 | 0.70 |
| Martin Ratio | 5.87 | 1.61 |
| Ulcer Index | 19.89% | 30.74% |
| Daily Std Dev | 70.05% | 100.76% |
| Max Drawdown | -94.44% | -90.46% |
| Current Drawdown | -50.69% | -58.48% |
Correlation
The correlation between BULZ and SOXL 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
BULZ vs. SOXL - Performance Comparison
In the year-to-date period, BULZ achieves a 62.18% return, which is significantly higher than SOXL's -4.93% return. 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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BULZ vs. SOXL - Expense Ratio Comparison
BULZ has a 0.95% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
BULZ vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and Direxion Daily Semiconductor Bull 3x Shares (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.
Dividends
BULZ vs. SOXL - Dividend Comparison
BULZ has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 1.03%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.03% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
BULZ vs. SOXL - Drawdown Comparison
The maximum BULZ drawdown since its inception was -94.44%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for BULZ and SOXL. For additional features, visit the drawdowns tool.
Volatility
BULZ vs. SOXL - Volatility Comparison
The current volatility for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) is 21.11%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 24.66%. This indicates that BULZ 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.