CURE vs. SOXS
CURE (Direxion Daily Healthcare Bull 3x Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both Leveraged Equities funds from Direxion - CURE tracks the Health Care Select Sector Index (300%) while SOXS tracks the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, CURE returned 11.65%/yr vs -78.92%/yr for SOXS. At a correlation of -0.47, 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 -18.38% return, which is significantly higher than SOXS's -92.10% return. Over the past 10 years, CURE has outperformed SOXS with an annualized return of 11.65%, while SOXS has yielded a comparatively lower -78.92% annualized return.
CURE
- 1D
- 2.17%
- 1M
- 4.39%
- YTD
- -18.38%
- 6M
- -18.70%
- 1Y
- 21.60%
- 3Y*
- -0.15%
- 5Y*
- 0.21%
- 10Y*
- 11.65%
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%
CURE vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CURE Direxion Daily Healthcare Bull 3x Shares | -18.38% | 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 | -92.10% | -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 -0.15, 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 (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2011 | -0.47 |
Over the past year, the inverse relationship between CURE and SOXS has weakened: their correlation has moved from -0.47 to -0.15, 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.
| CURE | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +4.98 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.58 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | -1.00 | +1.70 |
| Martin ratioReturn relative to average drawdown | 1.61 | -1.44 | +3.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CURE | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | -0.96 | +1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | -0.74 | +0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | -0.79 | +1.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | -0.79 | +1.25 |
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% | -97.68% | +66.58% |
Max Drawdown (3Y)Largest decline over 3 years | -51.93% | -99.80% | +47.87% |
Max Drawdown (5Y)Largest decline over 5 years | -52.23% | -99.97% | +47.74% |
Max Drawdown (10Y)Largest decline over 10 years | -69.19% | -100.00% | +30.81% |
Current DrawdownCurrent decline from peak | -35.21% | -100.00% | +64.79% |
Average DrawdownAverage peak-to-trough decline | -18.15% | -92.60% | +74.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.43% | 68.64% | -55.21% |
Volatility
CURE vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Healthcare Bull 3x Shares (CURE) is 11.99%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.22%. 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 | 11.99% | 44.22% | -32.23% |
Volatility (6M)Calculated over the trailing 6-month period | 29.83% | 83.94% | -54.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.19% | 102.18% | -58.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.69% | 108.21% | -64.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.51% | 100.48% | -50.97% |
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 1.31%, less than SOXS's 68.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CURE Direxion Daily Healthcare Bull 3x Shares | 1.31% | 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 | 68.34% | 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 -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.22%) compared to CURE (11.99%). In terms of maximum drawdown, CURE dropped -69.19% vs SOXS's -100.00%.
On 10-year performance, CURE leads with 11.65% vs -78.92% for SOXS. Both ETFs have the same 1.08% expense ratio. On volatility, CURE has been the lower-risk option at 11.99%. 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 11.65% return vs -78.92%. 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 68.34%, compared with 1.31% for CURE.
CURE tracks Health Care Select Sector Index (300%), while SOXS tracks PHLX Semiconductor Index (-300%).
CURE currently has the higher Sharpe Ratio (0.50 vs -0.96), 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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