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 ICE Semiconductor Index. Both are passively managed. Over the past 10 years, DRV returned -28.03%/yr vs 56.08%/yr for SOXL. At a correlation of -0.39, they often move in opposite directions. 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 -29.68% return, which is significantly lower than SOXL's 293.46% return. Over the past 10 years, DRV has underperformed SOXL with an annualized return of -28.03%, while SOXL has yielded a comparatively higher 56.08% annualized return.
DRV
- 1D
- -1.61%
- 1M
- 1.58%
- 6M
- -28.36%
- YTD
- -29.68%
- 1Y
- -24.84%
- 3Y*
- -21.19%
- 5Y*
- -15.39%
- 10Y*
- -28.03%
SOXL
- 1D
- -13.99%
- 1M
- -29.53%
- 6M
- 202.60%
- YTD
- 293.46%
- 1Y
- 506.15%
- 3Y*
- 85.89%
- 5Y*
- 32.23%
- 10Y*
- 56.08%
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 | -29.68% | -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 | 293.46% | 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 -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | -0.39 |
Over the past year, the inverse relationship between DRV and SOXL has weakened: their correlation has moved from -0.39 to -0.02, meaning they move in opposite directions less often than they have historically.
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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 | -4.71 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.43 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 11.33 | -12.06 |
| Martin ratioReturn relative to average drawdown | -1.50 | 32.97 | -34.47 |
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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 | -34.33% | -45.05% | +10.72% |
Max Drawdown (3Y)Largest decline over 3 years | -72.55% | -87.88% | +15.33% |
Max Drawdown (5Y)Largest decline over 5 years | -74.91% | -90.46% | +15.55% |
Max Drawdown (10Y)Largest decline over 10 years | -97.48% | -90.46% | -7.02% |
Current DrawdownCurrent decline from peak | -99.99% | -45.02% | -54.97% |
Average DrawdownAverage peak-to-trough decline | -97.76% | -34.94% | -62.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.61% | 15.45% | +1.16% |
Volatility
DRV vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bear 3x Shares (DRV) is 15.36%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 65.64%. 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 | 15.36% | 65.64% | -50.28% |
Volatility (6M)Calculated over the trailing 6-month period | 33.01% | 108.34% | -75.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.85% | 123.98% | -81.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.20% | 111.84% | -54.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 101.32% | -38.50% |
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 3.84%, 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 | 3.84% | 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 -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (65.64%) compared to DRV (15.36%). In terms of maximum drawdown, DRV dropped -99.99% vs SOXL's -90.46%.
On 10-year performance, SOXL leads with 56.08% vs -28.03% for DRV. On fees, SOXL is cheaper at 0.75% per year. On volatility, DRV has been the lower-risk option at 15.36%. 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 56.08% return vs -28.03%. 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 3.84%, 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 ICE Semiconductor Index. Their fees differ too: 1.08% for DRV and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (4.13 vs -0.58), 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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