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 -11.17%/yr vs -79.54%/yr for SOXS. At a correlation of -0.41, they often move in opposite directions. 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 31.18% return, which is significantly higher than SOXS's -93.50% return. Over the past 10 years, DPST has outperformed SOXS with an annualized return of -11.17%, while SOXS has yielded a comparatively lower -79.54% 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%
SOXS
- 1D
- 22.42%
- 1M
- -47.74%
- YTD
- -93.50%
- 6M
- -93.24%
- 1Y
- -97.76%
- 3Y*
- -87.41%
- 5Y*
- -80.25%
- 10Y*
- -79.54%
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 | 31.18% | -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 | -93.50% | -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 -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| 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 SOXS shifts across timeframes, from -0.43 (5 years) to -0.24 (1 year), reflecting how their relationship changes across market environments.
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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 | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +5.00 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.63 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | -1.00 | +2.65 |
| Martin ratioReturn relative to average drawdown | 3.66 | -1.51 | +5.17 |
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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% | -97.94% | +57.50% |
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 | -91.97% | -100.00% | +8.03% |
Average DrawdownAverage peak-to-trough decline | -64.25% | -92.61% | +28.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.22% | 67.48% | -49.26% |
Volatility
DPST vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Regional Banks Bull 3X Shares (DPST) is 18.76%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 66.67%. 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 | 18.76% | 66.67% | -47.91% |
Volatility (6M)Calculated over the trailing 6-month period | 48.13% | 100.39% | -52.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.32% | 117.32% | -48.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.98% | 111.39% | -22.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.46% | 102.09% | -7.63% |
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 1.61%, less than SOXS's 83.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 83.05% | 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 -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (66.67%) compared to DPST (18.76%). In terms of maximum drawdown, DPST dropped -97.73% vs SOXS's -100.00%.
On 10-year performance, DPST leads with -11.17% vs -79.54% for SOXS. On fees, DPST is cheaper at 0.99% 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.
Over the 10-year period, DPST has performed better with a -11.17% return vs -79.54%. 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 83.05%, compared with 1.61% 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 (0.97 vs -0.83), 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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