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 -29.40%/yr vs 64.56%/yr for SOXL. At a correlation of -0.40, 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 -29.93% return, which is significantly lower than SOXL's 450.61% return. Over the past 10 years, DRV has underperformed SOXL with an annualized return of -29.40%, while SOXL has yielded a comparatively higher 64.56% annualized return.
DRV
- 1D
- -4.91%
- 1M
- -4.37%
- YTD
- -29.93%
- 6M
- -30.51%
- 1Y
- -22.15%
- 3Y*
- -27.14%
- 5Y*
- -17.01%
- 10Y*
- -29.40%
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%
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 | -29.93% | -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 | 450.61% | 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 -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | -0.40 |
Over the past year, the inverse relationship between DRV and SOXL has weakened: their correlation has moved from -0.40 to -0.08, 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 | -8.97 | ||
| Sortino ratioReturn per unit of downside risk | -4.59 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.58 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 22.69 | -23.36 |
| Martin ratioReturn relative to average drawdown | -1.47 | 72.83 | -74.30 |
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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 | -32.86% | -43.47% | +10.61% |
Max Drawdown (3Y)Largest decline over 3 years | -71.93% | -87.88% | +15.95% |
Max Drawdown (5Y)Largest decline over 5 years | -74.35% | -90.46% | +16.11% |
Max Drawdown (10Y)Largest decline over 10 years | -97.42% | -90.46% | -6.96% |
Current DrawdownCurrent decline from peak | -99.99% | -23.06% | -76.93% |
Average DrawdownAverage peak-to-trough decline | -97.75% | -34.95% | -62.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.12% | 13.52% | +1.60% |
Volatility
DRV vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bear 3x Shares (DRV) is 16.42%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 68.39%. 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 | 16.42% | 68.39% | -51.97% |
Volatility (6M)Calculated over the trailing 6-month period | 31.89% | 99.84% | -67.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.62% | 116.79% | -74.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.12% | 110.35% | -53.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 100.62% | -37.80% |
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 4.00%, more than SOXL's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 4.00% | 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 | 0.03% | 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 -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (68.39%) compared to DRV (16.42%). In terms of maximum drawdown, DRV dropped -99.99% vs SOXL's -90.46%.
On 10-year performance, SOXL leads with 64.56% vs -29.40% for DRV. On fees, SOXL is cheaper at 0.75% per year. On volatility, DRV has been the lower-risk option at 16.42%. 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 64.56% return vs -29.40%. 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 4.00%, compared with 0.03% 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 (8.45 vs -0.52), 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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