CHAU vs. SOXS
CHAU (Direxion Daily CSI 300 China A Share Bull 2x Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - CHAU is a Leveraged Equities fund tracking the CSI 300 Index (200%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, CHAU returned 4.49%/yr vs -78.82%/yr for SOXS. At a correlation of -0.39, they often move in opposite directions. CHAU charges 1.21%/yr vs 1.08%/yr for SOXS.
Performance
CHAU vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, CHAU achieves a 16.35% return, which is significantly higher than SOXS's -91.63% return. Over the past 10 years, CHAU has outperformed SOXS with an annualized return of 4.49%, while SOXS has yielded a comparatively lower -78.82% annualized return.
CHAU
- 1D
- -1.18%
- 1M
- 2.96%
- YTD
- 16.35%
- 6M
- 23.10%
- 1Y
- 75.17%
- 3Y*
- 13.12%
- 5Y*
- -9.89%
- 10Y*
- 4.49%
SOXS
- 1D
- 5.91%
- 1M
- -54.82%
- YTD
- -91.63%
- 6M
- -91.49%
- 1Y
- -97.52%
- 3Y*
- -86.60%
- 5Y*
- -79.43%
- 10Y*
- -78.82%
CHAU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | 16.35% | 47.73% | 6.61% | -28.25% | -49.17% | -2.84% | 71.95% | 70.01% | -51.03% | 74.91% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.63% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Correlation
The correlation between CHAU and SOXS is -0.44, 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 | -0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2015 | -0.39 |
The correlation between CHAU and SOXS shifts across timeframes, from -0.44 (1 year) to -0.28 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CHAU vs. SOXS — Risk / Return Rank
CHAU
SOXS
CHAU vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) 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.
| CHAU | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.22 | ||
| Sortino ratioReturn per unit of downside risk | +6.73 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.59 | +0.78 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | -1.00 | +5.95 |
| Martin ratioReturn relative to average drawdown | 14.80 | -1.43 | +16.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CHAU | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | -0.96 | +3.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | -0.74 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | -0.79 | +0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | -0.79 | +0.71 |
Drawdowns
CHAU vs. SOXS - Drawdown Comparison
The maximum CHAU drawdown since its inception was -79.21%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for CHAU and SOXS.
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Drawdown Indicators
| CHAU | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.21% | -100.00% | +20.79% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -97.68% | +82.41% |
Max Drawdown (3Y)Largest decline over 3 years | -59.88% | -99.80% | +39.92% |
Max Drawdown (5Y)Largest decline over 5 years | -73.69% | -99.97% | +26.28% |
Max Drawdown (10Y)Largest decline over 10 years | -78.58% | -100.00% | +21.42% |
Current DrawdownCurrent decline from peak | -53.04% | -100.00% | +46.96% |
Average DrawdownAverage peak-to-trough decline | -58.90% | -92.61% | +33.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.09% | 68.11% | -63.02% |
Volatility
CHAU vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) is 11.75%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.24%. This indicates that CHAU 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
| CHAU | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.75% | 44.24% | -32.49% |
Volatility (6M)Calculated over the trailing 6-month period | 22.75% | 84.19% | -61.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.38% | 102.19% | -68.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.07% | 108.21% | -61.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.13% | 100.48% | -53.35% |
CHAU vs. SOXS - Expense Ratio Comparison
CHAU has a 1.21% expense ratio, which is higher than SOXS's 1.08% expense ratio.
Dividends
CHAU vs. SOXS - Dividend Comparison
CHAU's dividend yield for the trailing twelve months is around 1.75%, less than SOXS's 64.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | 1.75% | 1.97% | 2.25% | 3.97% | 0.77% | 1.73% | 0.09% | 0.58% | 0.83% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 64.53% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
CHAU and SOXS have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.24%) compared to CHAU (11.75%). In terms of maximum drawdown, CHAU dropped -79.21% vs SOXS's -100.00%.
On 10-year performance, CHAU leads with 4.49% vs -78.82% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, CHAU has been the lower-risk option at 11.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CHAU has performed better with a 4.49% return vs -78.82%. 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 1.21% for CHAU.
SOXS has the higher dividend yield at 64.53%, compared with 1.75% for CHAU.
CHAU is categorized as Leveraged Equities, while SOXS is Inverse Equities. CHAU tracks CSI 300 Index (200%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.21% for CHAU and 1.08% for SOXS.
CHAU currently has the higher Sharpe Ratio (2.27 vs -0.95), 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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