DPST vs. SOXS
DPST (Direxion Daily Regional Banks Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - DPST is a Leveraged Equities fund tracking the Solactive US Regional Banks Total Return Index (300%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, DPST returned -11.01%/yr vs -78.06%/yr for SOXS. Their -0.40 correlation means they have often moved in opposite directions in the past. DPST charges 0.99%/yr vs 1.08%/yr for SOXS.
Performance
DPST vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, DPST achieves a 45.96% return, which is significantly higher than SOXS's -91.17% return. Over the past 10 years, DPST has outperformed SOXS with an annualized return of -11.01%, while SOXS has yielded a comparatively lower -78.06% annualized return.
DPST
- 1D
- 0.85%
- 1M
- 2.62%
- 6M
- 24.97%
- YTD
- 45.96%
- 1Y
- 81.17%
- 3Y*
- 22.15%
- 5Y*
- -14.99%
- 10Y*
- -11.01%
- ALL TIME*
- -12.97%
SOXS
- 1D
- 0.65%
- 1M
- 20.33%
- 6M
- -85.96%
- YTD
- -91.17%
- 1Y
- -96.46%
- 3Y*
- -84.46%
- 5Y*
- -78.46%
- 10Y*
- -78.06%
- ALL TIME*
- -70.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.57M | $38.84M | $44.12M | |
| $3.72B | $3.43B | $3.32B |
DPST vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 45.96% | -5.90% | 15.48% | -55.79% | -54.10% | 108.31% | -76.53% | 70.65% | -56.75% | 7.28% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.17% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Correlation
The correlation between DPST and SOXS is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | -0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | -0.40 |
Over the past year, the inverse relationship between DPST and SOXS has weakened: their correlation has moved from -0.40 to -0.20, meaning they move in opposite directions less often than they have historically.
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Return for Risk
DPST vs. SOXS — Risk / Return Rank
DPST
SOXS
DPST vs. SOXS - 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 Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +4.10 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.74 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | -0.98 | +2.72 |
| Martin ratioReturn relative to average drawdown | 3.92 | -1.35 | +5.27 |
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Drawdowns
DPST vs. SOXS - Drawdown Comparison
The maximum DPST drawdown since its inception was -97.73%, roughly equal to the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for DPST and SOXS.
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Drawdown Indicators
| DPST | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.73% | -100.00% | +2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -40.44% | -97.89% | +57.45% |
Max Drawdown (3Y)Largest decline over 3 years | -68.38% | -99.87% | +31.49% |
Max Drawdown (5Y)Largest decline over 5 years | -93.99% | -99.98% | +5.99% |
Max Drawdown (10Y)Largest decline over 10 years | -97.73% | -100.00% | +2.27% |
Current DrawdownCurrent decline from peak | -91.06% | -100.00% | +8.94% |
Average DrawdownAverage peak-to-trough decline | -64.52% | -92.65% | +28.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.85% | 71.27% | -53.42% |
Volatility
DPST vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Regional Banks Bull 3X Shares (DPST) is 16.37%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 55.41%. This indicates that DPST experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DPST | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.37% | 55.41% | -39.04% |
Volatility (6M)Calculated over the trailing 6-month period | 46.05% | 117.32% | -71.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.21% | 132.87% | -64.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.35% | 114.55% | -26.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.21% | 103.76% | -9.55% |
DPST vs. SOXS - Expense Ratio Comparison
DPST has a 0.99% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
DPST vs. SOXS - Dividend Comparison
DPST's dividend yield for the trailing twelve months is around 1.50%, less than SOXS's 41.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 1.50% | 2.18% | 1.55% | 1.78% | 1.51% | 0.58% | 0.90% | 1.29% | 2.18% | 0.30% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 41.84% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% |
Frequently Asked Questions
DPST and SOXS have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (55.41%) compared to DPST (16.37%). In terms of maximum drawdown, DPST dropped -97.73% vs SOXS's -100.00%.
On 10-year performance, DPST leads with -11.01% vs -78.06% for SOXS. On fees, DPST is cheaper at 0.99% per year. On volatility, DPST has been the lower-risk option at 16.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DPST has performed better with a -11.01% return vs -78.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DPST is cheaper with a 0.99% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 41.84%, compared with 1.50% for DPST.
DPST is categorized as Leveraged Equities, while SOXS is Inverse Equities. DPST tracks Solactive US Regional Banks Total Return Index (300%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 0.99% for DPST and 1.08% for SOXS.
DPST currently has the higher Sharpe Ratio (1.03 vs -0.73), 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.
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