DISK vs. SOXL
DISK (Tema Memory ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - DISK is a Semiconductors fund actively managed by Tema, while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. DISK is actively managed, while SOXL is passively managed. Their correlation of 0.93 means they have usually moved in the same direction. Both charge a 0.75% expense ratio.
Performance
DISK vs. SOXL - Performance Comparison
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Returns By Period
DISK
- 1D
- -9.86%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SOXL
- 1D
- -13.14%
- 1M
- -36.54%
- 6M
- 122.09%
- YTD
- 225.51%
- 1Y
- 434.57%
- 3Y*
- 74.73%
- 5Y*
- 27.68%
- 10Y*
- 50.05%
- ALL TIME*
- 39.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DISK Tema Memory ETF | $13.68M | $15.67M | $15.67M |
| $9.63B | $10.62B | $11.32B |
DISK vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DISK Tema Memory ETF | -30.68% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | -42.16% |
Correlation
The correlation between DISK and SOXL is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2026 | 0.93 |
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Return for Risk
DISK vs. SOXL — Risk / Return Rank
DISK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXL
DISK vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Memory ETF (DISK) 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.
| DISK | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 7.96 | — |
| Martin ratioReturn relative to average drawdown | — | 24.20 | — |
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Drawdowns
DISK vs. SOXL - Drawdown Comparison
The maximum DISK drawdown since its inception was -32.90%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for DISK and SOXL.
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Drawdown Indicators
| DISK | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.90% | -90.46% | +57.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.96% | — |
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 DrawdownCurrent decline from peak | -32.90% | -54.51% | +21.61% |
Average DrawdownAverage peak-to-trough decline | -21.04% | -34.97% | +13.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.05% | — |
Volatility
DISK vs. SOXL - Volatility Comparison
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Volatility by Period
| DISK | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 52.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 111.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 110.87% | 126.60% | -15.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.87% | 112.28% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.87% | 101.63% | +9.24% |
DISK vs. SOXL - Expense Ratio Comparison
Both DISK and SOXL have an expense ratio of 0.75%.
Dividends
DISK vs. SOXL - Dividend Comparison
DISK 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DISK Tema Memory ETF | 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
With a correlation of 0.93, DISK and SOXL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DISK 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 DISK.
DISK is categorized as Semiconductors, while SOXL is Leveraged Equities. They also come from different issuers: Tema and Direxion.
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