CURE vs. SOXS
CURE (Direxion Daily Healthcare Bull 3x Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - CURE is a Leveraged Equities fund tracking the Health Care Select Sector Index (300%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, CURE returned 15.35%/yr vs -79.95%/yr for SOXS. At a correlation of -0.46, they often move in opposite directions. Both charge a 1.08% expense ratio.
Performance
CURE vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, CURE achieves a -3.98% return, which is significantly higher than SOXS's -94.09% return. Over the past 10 years, CURE has outperformed SOXS with an annualized return of 15.35%, while SOXS has yielded a comparatively lower -79.95% annualized return.
CURE
- 1D
- 4.52%
- 1M
- 14.41%
- YTD
- -3.98%
- 6M
- -6.03%
- 1Y
- 39.34%
- 3Y*
- 4.46%
- 5Y*
- 1.58%
- 10Y*
- 15.35%
SOXS
- 1D
- -11.03%
- 1M
- -41.63%
- YTD
- -94.09%
- 6M
- -93.81%
- 1Y
- -97.64%
- 3Y*
- -87.76%
- 5Y*
- -80.66%
- 10Y*
- -79.95%
CURE vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CURE Direxion Daily Healthcare Bull 3x Shares | -3.98% | 22.55% | -8.47% | -9.40% | -20.51% | 88.30% | 5.02% | 55.66% | 2.82% | 69.32% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -94.09% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Correlation
The correlation between CURE and SOXS is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2011 | -0.46 |
Over the past year, the inverse relationship between CURE and SOXS has weakened: their correlation has moved from -0.46 to -0.10, meaning they move in opposite directions less often than they have historically.
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Return for Risk
CURE vs. SOXS — Risk / Return Rank
CURE
SOXS
CURE vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Healthcare Bull 3x Shares (CURE) 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.
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.
| CURE | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +4.89 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.64 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | -1.00 | +2.27 |
| Martin ratioReturn relative to average drawdown | 2.81 | -1.51 | +4.32 |
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Drawdowns
CURE vs. SOXS - Drawdown Comparison
The maximum CURE drawdown since its inception was -69.19%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for CURE and SOXS.
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Drawdown Indicators
| CURE | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.19% | -100.00% | +30.81% |
Max Drawdown (1Y)Largest decline over 1 year | -31.10% | -97.88% | +66.78% |
Max Drawdown (3Y)Largest decline over 3 years | -51.93% | -99.87% | +47.94% |
Max Drawdown (5Y)Largest decline over 5 years | -52.23% | -99.98% | +47.75% |
Max Drawdown (10Y)Largest decline over 10 years | -69.19% | -100.00% | +30.81% |
Current DrawdownCurrent decline from peak | -23.78% | -100.00% | +76.22% |
Average DrawdownAverage peak-to-trough decline | -18.18% | -92.61% | +74.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.04% | 64.48% | -50.44% |
Volatility
CURE vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Healthcare Bull 3x Shares (CURE) is 15.54%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 65.23%. This indicates that CURE 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
| CURE | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.54% | 65.23% | -49.69% |
Volatility (6M)Calculated over the trailing 6-month period | 31.42% | 100.97% | -69.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.65% | 117.61% | -72.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.97% | 111.53% | -67.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.58% | 102.14% | -52.56% |
CURE vs. SOXS - Expense Ratio Comparison
Both CURE and SOXS have an expense ratio of 1.08%.
Dividends
CURE vs. SOXS - Dividend Comparison
CURE's dividend yield for the trailing twelve months is around 1.18%, less than SOXS's 62.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CURE Direxion Daily Healthcare Bull 3x Shares | 1.18% | 1.12% | 1.17% | 2.02% | 0.38% | 0.02% | 0.17% | 0.40% | 0.70% | 0.18% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 62.55% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% |
Frequently Asked Questions
CURE and SOXS have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (65.23%) compared to CURE (15.54%). In terms of maximum drawdown, CURE dropped -69.19% vs SOXS's -100.00%.
On 10-year performance, CURE leads with 15.35% vs -79.95% for SOXS. Both ETFs have the same 1.08% expense ratio. On volatility, CURE has been the lower-risk option at 15.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CURE has performed better with a 15.35% return vs -79.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CURE and SOXS have the same expense ratio: 1.08% per year.
SOXS has the higher dividend yield at 62.55%, compared with 1.18% for CURE.
CURE is categorized as Leveraged Equities, while SOXS is Inverse Equities. CURE tracks Health Care Select Sector Index (300%), while SOXS tracks PHLX Semiconductor Index (-300%).
CURE currently has the higher Sharpe Ratio (0.89 vs -0.83), 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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