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DM vs. SOXL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DM and SOXL is 0.33, 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.

DM vs. SOXL

Last updated Jun 1, 2025

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.

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.

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Key characteristics

Returns By Period

DM

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

3Y*

N/A

5Y*

N/A

10Y*

N/A

SOXL

YTD

-40.61%

1M

33.64%

6M

-42.03%

1Y

-66.37%

3Y*

-12.59%

5Y*

10.11%

10Y*

20.80%

*Annualized

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Desktop Metal, Inc.

Direxion Daily Semiconductor Bull 3x Shares

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

DM vs. SOXL — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DM
The Risk-Adjusted Performance Rank of DM is 3636
Overall Rank
The Sharpe Ratio Rank of DM is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of DM is 4343
Sortino Ratio Rank
The Omega Ratio Rank of DM is 4343
Omega Ratio Rank
The Calmar Ratio Rank of DM is 2424
Calmar Ratio Rank
The Martin Ratio Rank of DM is 3737
Martin Ratio Rank
SOXL
The Risk-Adjusted Performance Rank of SOXL is 44
Overall Rank
The Sharpe Ratio Rank of SOXL is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of SOXL is 66
Sortino Ratio Rank
The Omega Ratio Rank of SOXL is 66
Omega Ratio Rank
The Calmar Ratio Rank of SOXL is 00
Calmar Ratio Rank
The Martin Ratio Rank of SOXL is 33
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

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 2.17%.

TTM20242023202220212020201920182017201620152014
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		2.17%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

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

DM vs. SOXL - Volatility Comparison

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