DRV vs. SOXL
DRV (Direxion Daily Real Estate Bear 3x Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - DRV is a REIT fund tracking the MSCI US REIT Index (-300%), while SOXL is a Leveraged Equities fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, DRV returned -27.93%/yr vs 48.63%/yr for SOXL. Their -0.39 correlation means they have often moved in opposite directions in the past. DRV charges 1.08%/yr vs 0.75%/yr for SOXL.
Performance
DRV vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, DRV achieves a -31.44% return, which is significantly lower than SOXL's 172.95% return. Over the past 10 years, DRV has underperformed SOXL with an annualized return of -27.93%, while SOXL has yielded a comparatively higher 48.63% annualized return.
DRV
- 1D
- 1.83%
- 1M
- -2.68%
- 6M
- -25.85%
- YTD
- -31.44%
- 1Y
- -28.22%
- 3Y*
- -23.26%
- 5Y*
- -15.14%
- 10Y*
- -27.93%
- ALL TIME*
- -43.10%
SOXL
- 1D
- 0.00%
- 1M
- -36.78%
- 6M
- 85.66%
- YTD
- 172.95%
- 1Y
- 376.55%
- 3Y*
- 60.01%
- 5Y*
- 21.65%
- 10Y*
- 48.63%
- ALL TIME*
- 38.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.36M | $3.03M | $2.54M | |
| $10.60B | $10.77B | $11.72B |
DRV vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -31.44% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -51.70% | 5.07% | -17.10% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 172.95% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
Correlation
The correlation between DRV and SOXL is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | -0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | -0.39 |
The correlation between DRV and SOXL shifts across timeframes, from -0.39 (all time) to 0.01 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DRV vs. SOXL — Risk / Return Rank
DRV
SOXL
DRV vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) 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.
| DRV | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.36 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 5.22 | -5.95 |
| Martin ratioReturn relative to average drawdown | -1.49 | 18.04 | -19.54 |
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Drawdowns
DRV vs. SOXL - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for DRV and SOXL.
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Drawdown Indicators
| DRV | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -90.46% | -9.53% |
Max Drawdown (1Y)Largest decline over 1 year | -37.53% | -69.42% | +31.89% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | -87.88% | +13.99% |
Max Drawdown (5Y)Largest decline over 5 years | -76.13% | -90.46% | +14.33% |
Max Drawdown (10Y)Largest decline over 10 years | -97.60% | -90.46% | -7.14% |
Current DrawdownCurrent decline from peak | -99.99% | -61.86% | -38.13% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -35.00% | -62.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.46% | 20.04% | -1.58% |
Volatility
DRV vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bear 3x Shares (DRV) is 13.26%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 52.68%. This indicates that DRV 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.
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Volatility by Period
| DRV | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 52.68% | -39.42% |
Volatility (6M)Calculated over the trailing 6-month period | 33.11% | 115.51% | -82.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.46% | 130.99% | -88.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.15% | 113.21% | -56.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.84% | 102.11% | -39.27% |
DRV vs. SOXL - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
DRV vs. SOXL - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 3.94%, more than SOXL's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 3.94% | 2.88% | 4.57% | 5.35% | 0.38% | 0.00% | 0.58% | 1.71% | 0.42% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.01% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
DRV and SOXL have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (52.68%) compared to DRV (13.26%). In terms of maximum drawdown, DRV dropped -99.99% vs SOXL's -90.46%.
On 10-year performance, SOXL leads with 48.63% vs -27.93% for DRV. On fees, SOXL is cheaper at 0.75% per year. On volatility, DRV has been the lower-risk option at 13.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOXL has performed better with a 48.63% return vs -27.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXL is cheaper with a 0.75% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 3.94%, compared with 0.01% for SOXL.
DRV is categorized as REIT, while SOXL is Leveraged Equities. DRV tracks MSCI US REIT Index (-300%), while SOXL tracks NYSE Semiconductor Index. Their fees differ too: 1.08% for DRV and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (2.77 vs -0.66), 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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