DM vs. SOXL
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DM or SOXL.
Correlation
The correlation between DM and SOXL is 0.34, 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.
Performance
DM vs. SOXL - Performance Comparison
Key characteristics
DM:
-0.59
SOXL:
-0.21
DM:
-0.66
SOXL:
0.39
DM:
0.92
SOXL:
1.05
DM:
-0.56
SOXL:
-0.34
DM:
-1.01
SOXL:
-0.52
DM:
55.39%
SOXL:
41.86%
DM:
94.32%
SOXL:
103.24%
DM:
-99.37%
SOXL:
-90.46%
DM:
-99.24%
SOXL:
-59.96%
Returns By Period
In the year-to-date period, DM achieves a 9.40% return, which is significantly higher than SOXL's 4.54% return.
DM
9.40%
16.89%
-37.86%
-53.54%
-52.22%
N/A
SOXL
4.54%
-12.13%
-31.05%
-24.90%
6.18%
28.98%
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Risk-Adjusted Performance
DM vs. SOXL — Risk-Adjusted Performance Rank
DM
SOXL
DM vs. SOXL - Risk-Adjusted Performance 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.
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 1.12%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.12% | 1.18% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
DM vs. SOXL - Drawdown Comparison
The maximum DM drawdown since its inception was -99.37%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for DM and SOXL. For additional features, visit the drawdowns tool.
Volatility
DM vs. SOXL - Volatility Comparison
The current volatility for Desktop Metal, Inc. (DM) is 27.52%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 32.22%. This indicates that DM 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.