CSCL vs. SOXS

Last updated Jun 5, 2026

CSCL (Direxion Daily CSCO Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - CSCL is a Leveraged Equities fund managed by Direxion, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). At a correlation of -0.33, they often move in opposite directions. CSCL charges 1.07%/yr vs 1.08%/yr for SOXS.

Performance

CSCL vs. SOXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily CSCO Bull 2X Shares (CSCL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSCL achieves a 160.53% return, which is significantly higher than SOXS's -91.63% return.

CSCL

• 1D: 5.31%
• 1M: 84.09%
• YTD: 160.53%
• 6M: 153.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSCL vs. SOXS - Yearly Performance Comparison

	2026 (YTD)	2025
CSCL Direxion Daily CSCO Bull 2X Shares	160.53%	20.48%
SOXS Direxion Daily Semiconductor Bear 3x Shares	-91.63%	-60.12%

Correlation

The correlation between CSCL and SOXS is -0.33, 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 Jun 26, 2025	-0.33

Return for Risk

CSCL vs. SOXS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 2
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSCL vs. SOXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bull 2X Shares (CSCL) 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.

Sharpe Ratios by Period

	CSCL	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	3.89	-0.79	+4.68

Drawdowns

CSCL vs. SOXS - Drawdown Comparison

The maximum CSCL drawdown since its inception was -27.15%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for CSCL and SOXS.

Drawdown Indicators

	CSCL	SOXS	Difference
Max Drawdown Largest peak-to-trough decline	-27.15%	-100.00%	+72.85%
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 Drawdown Current decline from peak	0.00%	-100.00%	+100.00%
Average Drawdown Average peak-to-trough decline	-8.49%	-92.61%	+84.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	68.11%	—

Volatility

Volatility by Period

	CSCL	SOXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	44.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	84.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.12%	102.19%	-41.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.12%	108.21%	-47.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.12%	100.48%	-39.36%

CSCL vs. SOXS - Expense Ratio Comparison

CSCL has a 1.07% expense ratio, which is lower than SOXS's 1.08% expense ratio.

Dividends

CSCL vs. SOXS - Dividend Comparison

CSCL's dividend yield for the trailing twelve months is around 0.74%, less than SOXS's 64.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CSCL Direxion Daily CSCO Bull 2X Shares	0.74%	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both CSCL and SOXS in my portfolio?

CSCL and SOXS have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSCL or SOXS?

On fees, CSCL is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSCL or SOXS?

CSCL is cheaper with a 1.07% expense ratio, compared with 1.08% for SOXS.

Which ETF pays a higher dividend yield, CSCL or SOXS?

SOXS has the higher dividend yield at 64.53%, compared with 0.74% for CSCL.

What is the main difference between CSCL and SOXS?

CSCL is categorized as Leveraged Equities, while SOXS is Inverse Equities. Their fees differ too: 1.07% for CSCL and 1.08% for SOXS.