BZQ vs. SOXL
BZQ (ProShares UltraShort MSCI Brazil Capped) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds - BZQ tracks the MSCI Brazil 25-50 (-200%) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. Over the past 10 years, BZQ returned -36.28%/yr vs 64.56%/yr for SOXL. At a correlation of -0.40, they often move in opposite directions. BZQ charges 0.95%/yr vs 0.75%/yr for SOXL.
Performance
BZQ vs. SOXL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BZQ achieves a -21.13% return, which is significantly lower than SOXL's 450.61% return. Over the past 10 years, BZQ has underperformed SOXL with an annualized return of -36.28%, while SOXL has yielded a comparatively higher 64.56% annualized return.
BZQ
- 1D
- 0.89%
- 1M
- 11.08%
- YTD
- -21.13%
- 6M
- -22.40%
- 1Y
- -45.58%
- 3Y*
- -19.62%
- 5Y*
- -21.05%
- 10Y*
- -36.28%
SOXL
- 1D
- -23.06%
- 1M
- 21.44%
- YTD
- 450.61%
- 6M
- 429.57%
- 1Y
- 976.09%
- 3Y*
- 120.84%
- 5Y*
- 42.16%
- 10Y*
- 64.56%
BZQ vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | -21.13% | -57.90% | 98.84% | -49.11% | -44.20% | 6.45% | -52.88% | -48.20% | -21.52% | -49.73% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 450.61% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
Correlation
The correlation between BZQ and SOXL is -0.38, 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 | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | -0.40 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BZQ vs. SOXL — Risk / Return Rank
BZQ
SOXL
BZQ vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Brazil Capped (BZQ) 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.
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.
| BZQ | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.36 | ||
| Sortino ratioReturn per unit of downside risk | -5.39 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.58 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 22.69 | -23.39 |
| Martin ratioReturn relative to average drawdown | -1.10 | 72.83 | -73.93 |
Loading charts...
Drawdowns
BZQ vs. SOXL - Drawdown Comparison
The maximum BZQ drawdown since its inception was -99.82%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for BZQ and SOXL.
Loading charts...
Drawdown Indicators
| BZQ | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.82% | -90.46% | -9.36% |
Max Drawdown (1Y)Largest decline over 1 year | -65.20% | -43.47% | -21.73% |
Max Drawdown (3Y)Largest decline over 3 years | -77.31% | -87.88% | +10.57% |
Max Drawdown (5Y)Largest decline over 5 years | -88.65% | -90.46% | +1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -99.26% | -90.46% | -8.80% |
Current DrawdownCurrent decline from peak | -99.74% | -23.06% | -76.68% |
Average DrawdownAverage peak-to-trough decline | -84.56% | -34.95% | -49.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.49% | 13.52% | +27.97% |
Volatility
BZQ vs. SOXL - Volatility Comparison
The current volatility for ProShares UltraShort MSCI Brazil Capped (BZQ) is 12.21%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 68.39%. This indicates that BZQ 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.
Loading charts...
Volatility by Period
| BZQ | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 68.39% | -56.18% |
Volatility (6M)Calculated over the trailing 6-month period | 39.49% | 99.84% | -60.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.03% | 116.79% | -66.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.34% | 110.35% | -55.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.75% | 100.62% | -33.87% |
BZQ vs. SOXL - Expense Ratio Comparison
BZQ has a 0.95% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
BZQ vs. SOXL - Dividend Comparison
BZQ's dividend yield for the trailing twelve months is around 7.00%, more than SOXL's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | 7.00% | 5.96% | 3.26% | 4.51% | 0.22% | 0.00% | 0.21% | 2.13% | 0.28% | 0.00% | 0.00% |
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
BZQ and SOXL have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (68.39%) compared to BZQ (12.21%). In terms of maximum drawdown, BZQ dropped -99.82% vs SOXL's -90.46%.
On 10-year performance, SOXL leads with 64.56% vs -36.28% for BZQ. On fees, SOXL is cheaper at 0.75% per year. On volatility, BZQ has been the lower-risk option at 12.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOXL has performed better with a 64.56% return vs -36.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXL is cheaper with a 0.75% expense ratio, compared with 0.95% for BZQ.
BZQ has the higher dividend yield at 7.00%, compared with 0.03% for SOXL.
BZQ tracks MSCI Brazil 25-50 (-200%), while SOXL tracks ICE Semiconductor Index. They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for BZQ and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (8.45 vs -0.91), 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.
Find the right allocation for BZQ and SOXL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer