DM vs. SOXL

Last updated Apr 1, 2026

Compare and contrast key facts about Desktop Metal, Inc. (DM) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).

SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010.

Performance

DM vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Desktop Metal, Inc. (DM) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). The values are adjusted to include any dividend payments, if applicable.

DM vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DM Desktop Metal, Inc.	0.00%	111.97%	-68.84%	-44.78%	-72.53%	-71.22%	72.34%	2.89%
SOXL Direxion Daily Semiconductor Bull 3x Shares	13.99%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	42.74%

Returns By Period

DM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 17.95%
• 1M: -23.67%
• YTD: 13.99%
• 6M: 37.51%
• 1Y: 201.41%
• 3Y*: 38.75%
• 5Y*: 3.09%
• 10Y*: 39.88%

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

Return for Risk

DM vs. SOXL — Risk / Return Rank

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

SOXL

SOXL Risk / Return Rank: 90
SOXL Sharpe Ratio Rank: 86
SOXL Sortino Ratio Rank: 88
SOXL Omega Ratio Rank: 87
SOXL Calmar Ratio Rank: 96
SOXL Martin Ratio Rank: 92

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.

DM vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Desktop Metal, Inc. (DM) and Direxion Daily Semiconductor Bull 3x Shares (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.

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

Sharpe Ratios by Period

	DM	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.70	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.35	—

Correlation

The correlation between DM and SOXL is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DM vs. SOXL - Dividend Comparison

DM has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.16%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DM Desktop Metal, Inc.	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 Shares	0.16%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Drawdowns

Drawdown Indicators

	DM	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	—	-90.46%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-49.26%	—
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	—	-33.33%	—
Average Drawdown Average peak-to-trough decline	—	-35.34%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.14%	—

Volatility

Volatility by Period

	DM	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	40.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	79.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	119.21%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	105.43%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	97.70%	—