CSCS vs. SOXS
CSCS (Direxion Daily CSCO Bear 1X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - CSCS is a Inverse Equities fund managed by Direxion, while SOXS is a Leveraged Equities fund tracking the PHLX Semiconductor Index (-300%). At a 0.34 correlation, their price movements are largely independent. CSCS charges 1.00%/yr vs 1.08%/yr for SOXS.
Performance
CSCS vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, CSCS achieves a -42.32% return, which is significantly higher than SOXS's -91.63% return.
CSCS
- 1D
- 1.10%
- 1M
- -28.69%
- YTD
- -42.32%
- 6M
- -41.59%
- 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%
CSCS vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | -42.32% | -11.22% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.63% | -60.12% |
Correlation
The correlation between CSCS and SOXS is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.34 |
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Return for Risk
CSCS vs. SOXS — Risk / Return Rank
CSCS
SOXS
CSCS vs. SOXS - 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 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.
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Sharpe Ratios by Period
| CSCS | 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 | -1.67 | -0.79 | -0.88 |
Drawdowns
CSCS vs. SOXS - Drawdown Comparison
The maximum CSCS drawdown since its inception was -50.80%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for CSCS and SOXS.
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Drawdown Indicators
| CSCS | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.80% | -100.00% | +49.20% |
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 | -50.26% | -100.00% | +49.74% |
Average DrawdownAverage peak-to-trough decline | -13.70% | -92.61% | +78.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 68.11% | — |
Volatility
CSCS vs. SOXS - Volatility Comparison
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Volatility by Period
| CSCS | 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 | 30.62% | 102.19% | -71.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.62% | 108.21% | -77.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.62% | 100.48% | -69.86% |
CSCS vs. SOXS - Expense Ratio Comparison
CSCS has a 1.00% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
CSCS vs. SOXS - Dividend Comparison
CSCS's dividend yield for the trailing twelve months is around 4.02%, less than SOXS's 64.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | 4.02% | 1.72% | 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
CSCS and SOXS have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSCS is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSCS is cheaper with a 1.00% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 64.53%, compared with 4.02% for CSCS.
CSCS is categorized as Inverse Equities, while SOXS is Leveraged Equities. Their fees differ too: 1.00% for CSCS and 1.08% for SOXS.
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