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 NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, BZQ returned -34.28%/yr vs 47.85%/yr for SOXL. Their -0.40 correlation means they have often moved in opposite directions in the past. 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 -31.18% return, which is significantly lower than SOXL's 177.68% return. Over the past 10 years, BZQ has underperformed SOXL with an annualized return of -34.28%, while SOXL has yielded a comparatively higher 47.85% annualized return.
BZQ
- 1D
- 1.68%
- 1M
- -11.20%
- 6M
- -3.41%
- YTD
- -31.18%
- 1Y
- -55.71%
- 3Y*
- -23.89%
- 5Y*
- -25.86%
- 10Y*
- -34.28%
- ALL TIME*
- -29.38%
SOXL
- 1D
- 1.73%
- 1M
- -35.69%
- 6M
- 79.00%
- YTD
- 177.68%
- 1Y
- 384.82%
- 3Y*
- 68.44%
- 5Y*
- 20.37%
- 10Y*
- 47.85%
- ALL TIME*
- 38.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $82.44K | $121.14K | $200.97K | |
| $10.83B | $10.43B | $11.85B |
BZQ vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | -31.18% | -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 | 177.68% | 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 -0.40, 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. | -0.40 |
Correlation (3Y) Balances recent behavior with more history. | -0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | -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 | -4.09 | ||
| Sortino ratioReturn per unit of downside risk | -4.65 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.37 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 5.59 | -6.46 |
| Martin ratioReturn relative to average drawdown | -1.28 | 18.97 | -20.25 |
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 | -64.18% | -69.42% | +5.24% |
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 | -98.92% | -90.46% | -8.46% |
Current DrawdownCurrent decline from peak | -99.77% | -61.20% | -38.57% |
Average DrawdownAverage peak-to-trough decline | -84.66% | -35.01% | -49.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.64% | 20.40% | +24.24% |
Volatility
BZQ vs. SOXL - Volatility Comparison
The current volatility for ProShares UltraShort MSCI Brazil Capped (BZQ) is 13.59%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 50.40%. 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 | 13.59% | 50.40% | -36.81% |
Volatility (6M)Calculated over the trailing 6-month period | 38.33% | 114.71% | -76.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.09% | 130.75% | -80.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.82% | 113.25% | -58.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.55% | 102.14% | -35.59% |
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 8.02%, more than SOXL's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | 8.02% | 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 | 0.01% | 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 -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (50.40%) compared to BZQ (13.59%). In terms of maximum drawdown, BZQ dropped -99.82% vs SOXL's -90.46%.
On 10-year performance, SOXL leads with 47.85% vs -34.28% for BZQ. On fees, SOXL is cheaper at 0.75% per year. On volatility, BZQ has been the lower-risk option at 13.59%. 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 47.85% return vs -34.28%. 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 8.02%, compared with 0.01% for SOXL.
BZQ tracks MSCI Brazil 25-50 (-200%), while SOXL tracks NYSE 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 (2.97 vs -1.12), 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