DGP vs. SOXL
DGP (DB Gold Double Long Exchange Traded Notes) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - DGP is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%), while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. Both are passively managed. Over the past 10 years, DGP returned 16.38%/yr vs 52.03%/yr for SOXL. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
DGP vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, DGP achieves a -20.17% return, which is significantly lower than SOXL's 225.51% return. Over the past 10 years, DGP has underperformed SOXL with an annualized return of 16.38%, while SOXL has yielded a comparatively higher 52.03% annualized return.
DGP
- 1D
- -0.43%
- 1M
- -11.22%
- 6M
- -28.99%
- YTD
- -20.17%
- 1Y
- 26.25%
- 3Y*
- 45.96%
- 5Y*
- 27.10%
- 10Y*
- 16.38%
- ALL TIME*
- 9.25%
SOXL
- 1D
- 0.99%
- 1M
- -51.02%
- 6M
- 125.20%
- YTD
- 225.51%
- 1Y
- 400.73%
- 3Y*
- 77.51%
- 5Y*
- 27.50%
- 10Y*
- 52.03%
- ALL TIME*
- 39.58%
DGP vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | -20.17% | 141.40% | 53.16% | 16.97% | -5.54% | -11.29% | 45.29% | 32.27% | -7.48% | 24.20% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 225.51% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
Correlation
The correlation between DGP and SOXL is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | 0.03 |
Over the past year, DGP and SOXL have become more correlated (0.26) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
DGP vs. SOXL — Risk / Return Rank
DGP
SOXL
DGP vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) 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.
| DGP | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.39 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 7.35 | -6.80 |
| Martin ratioReturn relative to average drawdown | 1.28 | 23.74 | -22.47 |
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Drawdowns
DGP vs. SOXL - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for DGP and SOXL.
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Drawdown Indicators
| DGP | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.31% | -90.46% | +15.15% |
Max Drawdown (1Y)Largest decline over 1 year | -47.59% | -54.96% | +7.37% |
Max Drawdown (3Y)Largest decline over 3 years | -47.59% | -87.88% | +40.29% |
Max Drawdown (5Y)Largest decline over 5 years | -51.24% | -90.46% | +39.22% |
Max Drawdown (10Y)Largest decline over 10 years | -51.24% | -90.46% | +39.22% |
Current DrawdownCurrent decline from peak | -46.88% | -54.51% | +7.63% |
Average DrawdownAverage peak-to-trough decline | -41.10% | -34.96% | -6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.63% | 16.98% | +3.65% |
Volatility
DGP vs. SOXL - Volatility Comparison
The current volatility for DB Gold Double Long Exchange Traded Notes (DGP) is 12.92%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 58.35%. This indicates that DGP 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
| DGP | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.92% | 58.35% | -45.43% |
Volatility (6M)Calculated over the trailing 6-month period | 48.56% | 109.69% | -61.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.64% | 125.28% | -69.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.60% | 112.02% | -72.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.41% | 101.46% | -66.05% |
DGP vs. SOXL - Expense Ratio Comparison
Both DGP and SOXL have an expense ratio of 0.75%.
Dividends
DGP vs. SOXL - Dividend Comparison
DGP has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | 0.00% | 0.00% | 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
DGP and SOXL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (58.35%) compared to DGP (12.92%). In terms of maximum drawdown, DGP dropped -75.31% vs SOXL's -90.46%.
On 10-year performance, SOXL leads with 52.03% vs 16.38% for DGP. Both ETFs have the same 0.75% expense ratio. On volatility, DGP has been the lower-risk option at 12.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOXL has performed better with a 52.03% return vs 16.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGP and SOXL have the same expense ratio: 0.75% per year.
SOXL has the higher dividend yield at 0.01%, compared with 0.00% for DGP.
DGP is categorized as Leveraged Commodities, while SOXL is Leveraged Equities. DGP tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%), while SOXL tracks ICE Semiconductor Index. They also come from different issuers: Deutsche Bank and Direxion.
SOXL currently has the higher Sharpe Ratio (3.23 vs 0.47), 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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