CSCS vs. SOXL
CSCS (Direxion Daily CSCO Bear 1X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - CSCS is a Inverse Equities fund actively managed by Direxion, while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. CSCS is actively managed, while SOXL is passively managed. Over the past year, CSCS returned -44.91% vs 307.63% for SOXL. Their -0.37 correlation means they have often moved in opposite directions in the past. CSCS charges 1.00%/yr vs 0.75%/yr for SOXL.
Performance
CSCS vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, CSCS achieves a -37.71% return, which is significantly lower than SOXL's 160.62% return.
CSCS
- 1D
- -0.83%
- 1M
- -2.56%
- 6M
- -36.00%
- YTD
- -37.71%
- 1Y
- -44.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.93%
SOXL
- 1D
- -14.52%
- 1M
- -49.19%
- 6M
- 68.63%
- YTD
- 160.62%
- 1Y
- 307.63%
- 3Y*
- 58.27%
- 5Y*
- 21.04%
- 10Y*
- 47.30%
- ALL TIME*
- 37.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $71.97K | $58.97K | $185.52K | |
| $10.42B | $10.60B | $11.50B |
CSCS vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | -37.71% | -11.22% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 160.62% | 75.54% |
Correlation
The correlation between CSCS and SOXL is -0.38, 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. | -0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025 | -0.37 |
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Return for Risk
CSCS vs. SOXL — Risk / Return Rank
CSCS
SOXL
CSCS vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bear 1X Shares (CSCS) 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.
| CSCS | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.81 | ||
| Sortino ratioReturn per unit of downside risk | -4.75 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.34 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 4.87 | -5.75 |
| Martin ratioReturn relative to average drawdown | -1.79 | 16.41 | -18.20 |
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Drawdowns
CSCS vs. SOXL - Drawdown Comparison
The maximum CSCS drawdown since its inception was -51.58%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for CSCS and SOXL.
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Drawdown Indicators
| CSCS | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.58% | -90.46% | +38.88% |
Max Drawdown (1Y)Largest decline over 1 year | -51.58% | -63.58% | +12.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -87.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -46.28% | -63.58% | +17.30% |
Average DrawdownAverage peak-to-trough decline | -18.10% | -34.98% | +16.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.12% | 18.84% | +6.28% |
Volatility
CSCS vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily CSCO Bear 1X Shares (CSCS) is 9.97%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 50.95%. This indicates that CSCS 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.
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Volatility by Period
| CSCS | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 50.95% | -40.98% |
Volatility (6M)Calculated over the trailing 6-month period | 29.11% | 112.43% | -83.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.68% | 127.74% | -95.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.56% | 112.51% | -80.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.56% | 101.73% | -70.17% |
CSCS vs. SOXL - Expense Ratio Comparison
CSCS has a 1.00% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
CSCS vs. SOXL - Dividend Comparison
CSCS's dividend yield for the trailing twelve months is around 4.58%, more than SOXL's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | 4.58% | 1.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
CSCS and SOXL 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.
SOXL has higher volatility (50.95%) compared to CSCS (9.97%). In terms of maximum drawdown, CSCS dropped -51.58% vs SOXL's -90.46%.
On 1-year performance, SOXL leads with 307.63% vs -44.91% for CSCS. On fees, SOXL is cheaper at 0.75% per year. On volatility, CSCS has been the lower-risk option at 9.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SOXL has performed better with a 307.63% return vs -44.91%. 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 1.00% for CSCS.
CSCS has the higher dividend yield at 4.58%, compared with 0.01% for SOXL.
CSCS is categorized as Inverse Equities, while SOXL is Leveraged Equities. Their fees differ too: 1.00% for CSCS and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (2.43 vs -1.38), 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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