CONX vs. SOXS
CONX (Direxion Daily COIN Bull 2X ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both Leveraged Equities funds from Direxion. CONX is actively managed, while SOXS is passively managed. At a correlation of -0.38, they often move in opposite directions. CONX charges 0.97%/yr vs 1.08%/yr for SOXS.
Performance
CONX vs. SOXS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CONX achieves a -61.79% return, which is significantly higher than SOXS's -92.10% return.
CONX
- 1D
- -12.34%
- 1M
- -38.44%
- YTD
- -61.79%
- 6M
- -75.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -5.03%
- 1M
- -62.97%
- YTD
- -92.10%
- 6M
- -91.70%
- 1Y
- -97.75%
- 3Y*
- -86.64%
- 5Y*
- -79.66%
- 10Y*
- -78.92%
CONX vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CONX Direxion Daily COIN Bull 2X ETF | -61.79% | -26.29% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.10% | -23.20% |
Correlation
The correlation between CONX and SOXS 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 (All Time) Calculated using the full available price history since Nov 20, 2025 | -0.38 |
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
CONX vs. SOXS — Risk / Return Rank
CONX
SOXS
CONX vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily COIN Bull 2X ETF (CONX) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Loading charts...
Sharpe Ratios by Period
| CONX | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.96 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | -0.79 | +0.16 |
Drawdowns
CONX vs. SOXS - Drawdown Comparison
The maximum CONX drawdown since its inception was -76.90%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for CONX and SOXS.
Loading charts...
Drawdown Indicators
| CONX | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.90% | -100.00% | +23.10% |
Max Drawdown (1Y)Largest decline over 1 year | — | -97.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -75.11% | -100.00% | +24.89% |
Average DrawdownAverage peak-to-trough decline | -48.87% | -92.60% | +43.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 68.64% | — |
Volatility
CONX vs. SOXS - Volatility Comparison
Loading charts...
Volatility by Period
| CONX | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 44.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 83.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 146.14% | 102.18% | +43.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.14% | 108.21% | +37.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.14% | 100.48% | +45.66% |
CONX vs. SOXS - Expense Ratio Comparison
CONX has a 0.97% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
CONX vs. SOXS - Dividend Comparison
CONX's dividend yield for the trailing twelve months is around 2.12%, less than SOXS's 68.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CONX Direxion Daily COIN Bull 2X ETF | 2.12% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 68.34% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
CONX and SOXS 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.
On fees, CONX is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CONX is cheaper with a 0.97% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 68.34%, compared with 2.12% for CONX.
Their fees differ too: 0.97% for CONX and 1.08% for SOXS.
Find the right allocation for CONX and SOXS
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