CWVX vs. SOXL

Last updated Jun 23, 2026

CWVX (Tradr 2X Long CRWV Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. CWVX is actively managed, while SOXL is passively managed. At a 0.43 correlation, their price movements are largely independent. CWVX charges 1.30%/yr vs 0.75%/yr for SOXL.

Performance

CWVX vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long CRWV Daily ETF (CWVX) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CWVX achieves a 51.90% return, which is significantly lower than SOXL's 615.61% return.

CWVX

• 1D: -11.44%
• 1M: 4.37%
• YTD: 51.90%
• 6M: 7.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 7.69%
• 1M: 57.83%
• YTD: 615.61%
• 6M: 595.26%
• 1Y: 1,322.96%
• 3Y*: 141.01%
• 5Y*: 51.34%
• 10Y*: 68.93%

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

CWVX vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
CWVX Tradr 2X Long CRWV Daily ETF	51.90%	-81.40%
SOXL Direxion Daily Semiconductor Bull 3X ETF	615.61%	53.61%

Correlation

The correlation between CWVX and SOXL is 0.43, 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 Jul 11, 2025	0.43

Return for Risk

CWVX vs. SOXL — Risk / Return Rank

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

CWVX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 94
SOXL Omega Ratio Rank: 94
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

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.

CWVX vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long CRWV Daily ETF (CWVX) 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.

	CWVX	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	—	11.72	—
Sortino ratio: Return per unit of downside risk	—	4.57	—
Omega ratio: Gain probability vs. loss probability	—	1.65	—
Calmar ratio: Return relative to maximum drawdown	—	30.78	—
Martin ratio: Return relative to average drawdown	—	99.38	—

Drawdowns

CWVX vs. SOXL - Drawdown Comparison

The maximum CWVX drawdown since its inception was -89.29%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for CWVX and SOXL.

Drawdown Indicators

	CWVX	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-89.29%	-90.46%	+1.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.47%	—
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 Drawdown Current decline from peak	-77.08%	0.00%	-77.08%
Average Drawdown Average peak-to-trough decline	-64.94%	-34.95%	-29.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.44%	—

Volatility

Volatility by Period

	CWVX	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	62.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	96.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	189.11%	114.45%	+74.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	189.11%	109.85%	+79.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	189.11%	100.50%	+88.61%

CWVX vs. SOXL - Expense Ratio Comparison

CWVX has a 1.30% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

CWVX vs. SOXL - Dividend Comparison

CWVX's dividend yield for the trailing twelve months is around 1.38%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CWVX Tradr 2X Long CRWV Daily ETF	1.38%	2.10%	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	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both CWVX and SOXL in my portfolio?

CWVX and SOXL have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CWVX or SOXL?

On fees, SOXL is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CWVX or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 1.30% for CWVX.

Which ETF pays a higher dividend yield, CWVX or SOXL?

CWVX has the higher dividend yield at 1.38%, compared with 0.03% for SOXL.

What is the main difference between CWVX and SOXL?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for CWVX and 0.75% for SOXL.