DPST vs. SOXL

Last updated Jun 24, 2026

DPST (Direxion Daily Regional Banks Bull 3X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds from Direxion - DPST tracks the Solactive US Regional Banks Total Return Index (300%) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. Over the past 10 years, DPST returned -11.17%/yr vs 64.56%/yr for SOXL. At a 0.41 correlation, their price movements are largely independent. DPST charges 0.99%/yr vs 0.75%/yr for SOXL.

Performance

DPST vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Regional Banks Bull 3X Shares (DPST) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DPST achieves a 31.18% return, which is significantly lower than SOXL's 450.61% return. Over the past 10 years, DPST has underperformed SOXL with an annualized return of -11.17%, while SOXL has yielded a comparatively higher 64.56% annualized return.

DPST

• 1D: 4.14%
• 1M: 16.60%
• YTD: 31.18%
• 6M: 20.48%
• 1Y: 66.43%
• 3Y*: 41.35%
• 5Y*: -20.53%
• 10Y*: -11.17%

SOXL

• 1D: -23.06%
• 1M: 21.44%
• YTD: 450.61%
• 6M: 429.57%
• 1Y: 976.09%
• 3Y*: 120.84%
• 5Y*: 42.16%
• 10Y*: 64.56%

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

DPST vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DPST Direxion Daily Regional Banks Bull 3X Shares	31.18%	-5.90%	15.48%	-55.79%	-54.10%	108.31%	-76.53%	70.65%	-56.75%	7.28%
SOXL Direxion Daily Semiconductor Bull 3X ETF	450.61%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	141.71%

Correlation

The correlation between DPST and SOXL is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.41

The correlation between DPST and SOXL shifts across timeframes, from 0.24 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.

DPST vs. SOXL - Sectors Allocation Comparison

Sectors	DPST	SOXL
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

DPST vs. SOXL — Risk / Return Rank

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

DPST

DPST Risk / Return Rank: 31
DPST Sharpe Ratio Rank: 28
DPST Sortino Ratio Rank: 31
DPST Omega Ratio Rank: 32
DPST Calmar Ratio Rank: 35
DPST Martin Ratio Rank: 28

SOXL

SOXL Risk / Return Rank: 96
SOXL Sharpe Ratio Rank: 99
SOXL Sortino Ratio Rank: 90
SOXL Omega Ratio Rank: 92
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 98

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.

DPST vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Regional Banks Bull 3X Shares (DPST) 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.

	DPST	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	0.97	8.45	-7.48
Sortino ratio: Return per unit of downside risk	1.59	4.03	-2.44
Omega ratio: Gain probability vs. loss probability	1.21	1.58	-0.37
Calmar ratio: Return relative to maximum drawdown	1.65	22.69	-21.04
Martin ratio: Return relative to average drawdown	3.66	72.83	-69.17

DPST vs. SOXL - Sharpe Ratio Comparison

The current DPST Sharpe Ratio is 0.97, which is lower than the SOXL Sharpe Ratio of 8.45. The chart below compares the historical Sharpe Ratios of DPST and SOXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DPST vs. SOXL - Drawdown Comparison

The maximum DPST drawdown since its inception was -97.73%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for DPST and SOXL.

Drawdown Indicators

	DPST	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-97.73%	-90.46%	-7.27%
Max Drawdown (1Y) Largest decline over 1 year	-40.44%	-43.47%	+3.03%
Max Drawdown (3Y) Largest decline over 3 years	-68.38%	-87.88%	+19.50%
Max Drawdown (5Y) Largest decline over 5 years	-93.99%	-90.46%	-3.53%
Max Drawdown (10Y) Largest decline over 10 years	-97.73%	-90.46%	-7.27%
Current Drawdown Current decline from peak	-91.97%	-23.06%	-68.91%
Average Drawdown Average peak-to-trough decline	-64.25%	-34.95%	-29.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.22%	13.52%	+4.70%

Volatility

DPST vs. SOXL - Volatility Comparison

The current volatility for Direxion Daily Regional Banks Bull 3X Shares (DPST) is 18.76%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 68.39%. This indicates that DPST 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.

Volatility by Period

	DPST	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.76%	68.39%	-49.63%
Volatility (6M) Calculated over the trailing 6-month period	48.13%	99.84%	-51.71%
Volatility (1Y) Calculated over the trailing 1-year period	69.32%	116.79%	-47.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.98%	110.35%	-21.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.46%	100.62%	-6.16%

DPST vs. SOXL - Expense Ratio Comparison

DPST has a 0.99% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

DPST vs. SOXL - Dividend Comparison

DPST's dividend yield for the trailing twelve months is around 1.61%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPST Direxion Daily Regional Banks Bull 3X Shares	1.61%	2.18%	1.55%	1.78%	1.51%	0.58%	0.90%	1.29%	2.18%	0.30%	0.00%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both DPST and SOXL in my portfolio?

DPST and SOXL have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DPST or SOXL?

SOXL has higher volatility (68.39%) compared to DPST (18.76%). In terms of maximum drawdown, DPST dropped -97.73% vs SOXL's -90.46%.

Which ETF is better, DPST or SOXL?

On 10-year performance, SOXL leads with 64.56% vs -11.17% for DPST. On fees, SOXL is cheaper at 0.75% per year. On volatility, DPST has been the lower-risk option at 18.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DPST or SOXL?

Over the 10-year period, SOXL has performed better with a 64.56% return vs -11.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DPST or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 0.99% for DPST.

Which ETF pays a higher dividend yield, DPST or SOXL?

DPST has the higher dividend yield at 1.61%, compared with 0.03% for SOXL.

What is the main difference between DPST and SOXL?

DPST tracks Solactive US Regional Banks Total Return Index (300%), while SOXL tracks ICE Semiconductor Index. Their fees differ too: 0.99% for DPST and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (8.45 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.