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.
Key characteristics
| DM | SOXL | |
|---|---|---|
| YTD Return | 13.87% | 16.18% |
| 1Y Return | -51.96% | 165.02% |
| 3Y Return (Ann) | -58.82% | 1.33% |
| 5Y Return (Ann) | -39.60% | 23.71% |
| Sharpe Ratio | -0.63 | 1.83 |
| Daily Std Dev | 87.74% | 84.81% |
| Max Drawdown | -98.61% | -90.46% |
| Current Drawdown | -97.45% | -49.25% |
Correlation
The correlation between DM and SOXL is 0.37, 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
In the year-to-date period, DM achieves a 13.87% return, which is significantly lower than SOXL's 16.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 0.46%.
| TTM | 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% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.46% | 0.51% | 1.07% | 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 -98.61%, 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
Desktop Metal, Inc. (DM) and Direxion Daily Semiconductor Bull 3x Shares (SOXL) have volatilities of 28.00% and 28.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.