CAR-UN.TO vs. SOXS
CAR-UN.TO (Canadian Apartment Properties Real Estate Investment Trust) is a stock, while SOXS (Direxion Daily Semiconductor Bear 3x Shares) is Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Over the past 10 years, CAR-UN.TO returned 4.34%/yr vs -79.35%/yr for SOXS. At a correlation of -0.20, they often move in opposite directions.
Performance
CAR-UN.TO vs. SOXS - Performance Comparison
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Different Trading Currencies
CAR-UN.TO is traded in CAD, while SOXS is traded in USD. To make them comparable, the SOXS values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CAR-UN.TO achieves a -2.25% return, which is significantly higher than SOXS's -93.52% return. Over the past 10 years, CAR-UN.TO has outperformed SOXS with an annualized return of 4.34%, while SOXS has yielded a comparatively lower -79.35% annualized return.
CAR-UN.TO
- 1D
- -1.03%
- 1M
- 6.53%
- YTD
- -2.25%
- 6M
- -2.28%
- 1Y
- -19.38%
- 3Y*
- -7.85%
- 5Y*
- -6.74%
- 10Y*
- 4.34%
SOXS
- 1D
- -16.37%
- 1M
- -56.46%
- YTD
- -93.52%
- 6M
- -93.88%
- 1Y
- -97.93%
- 3Y*
- -86.70%
- 5Y*
- -80.02%
- 10Y*
- -79.35%
CAR-UN.TO vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAR-UN.TO Canadian Apartment Properties Real Estate Investment Trust | -2.25% | -12.32% | -9.85% | 17.89% | -26.56% | 22.96% | -2.97% | 22.93% | 22.52% | 23.53% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.52% | -86.19% | -56.12% | -84.93% | 23.09% | -80.95% | -93.07% | -84.48% | -12.61% | -71.46% |
Correlation
The correlation between CAR-UN.TO and SOXS is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | -0.20 |
The correlation between CAR-UN.TO and SOXS shifts across timeframes, from -0.26 (5 years) to -0.00 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CAR-UN.TO vs. SOXS — Risk / Return Rank
CAR-UN.TO
SOXS
CAR-UN.TO vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) 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.
| CAR-UN.TO | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.61 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -1.00 | +0.28 |
| Martin ratioReturn relative to average drawdown | -1.20 | -1.48 | +0.28 |
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Drawdowns
CAR-UN.TO vs. SOXS - Drawdown Comparison
The maximum CAR-UN.TO drawdown since its inception was -41.12%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for CAR-UN.TO and SOXS.
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Drawdown Indicators
| CAR-UN.TO | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.12% | -100.00% | +58.88% |
Max Drawdown (1Y)Largest decline over 1 year | -26.88% | -97.81% | +70.93% |
Max Drawdown (3Y)Largest decline over 3 years | -38.75% | -99.84% | +61.09% |
Max Drawdown (5Y)Largest decline over 5 years | -39.29% | -99.97% | +60.68% |
Max Drawdown (10Y)Largest decline over 10 years | -39.29% | -100.00% | +60.71% |
Current DrawdownCurrent decline from peak | -35.33% | -100.00% | +64.67% |
Average DrawdownAverage peak-to-trough decline | -12.05% | -92.77% | +80.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.24% | 67.69% | -51.45% |
Volatility
CAR-UN.TO vs. SOXS - Volatility Comparison
The current volatility for Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) is 6.14%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 59.85%. This indicates that CAR-UN.TO 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
| CAR-UN.TO | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 59.85% | -53.71% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 96.33% | -82.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.94% | 112.61% | -94.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 110.35% | -89.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.05% | 101.78% | -80.73% |
Dividends
CAR-UN.TO vs. SOXS - Dividend Comparison
CAR-UN.TO's dividend yield for the trailing twelve months is around 4.43%, less than SOXS's 84.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAR-UN.TO Canadian Apartment Properties Real Estate Investment Trust | 4.43% | 4.29% | 3.45% | 2.97% | 3.40% | 2.35% | 2.76% | 2.59% | 2.96% | 3.42% | 3.94% | 4.50% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 84.95% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CAR-UN.TO and SOXS have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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