DRV vs. SOXS
DRV (Direxion Daily Real Estate Bear 3x Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - DRV is a REIT fund tracking the MSCI US REIT Index (-300%), while SOXS is a Leveraged Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, DRV returned -28.88%/yr vs -78.92%/yr for SOXS. At a 0.40 correlation, their price movements are largely independent. Both charge a 1.08% expense ratio.
Performance
DRV vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, DRV achieves a -21.17% return, which is significantly higher than SOXS's -92.10% return. Over the past 10 years, DRV has outperformed SOXS with an annualized return of -28.88%, while SOXS has yielded a comparatively lower -78.92% annualized return.
DRV
- 1D
- -0.19%
- 1M
- 4.49%
- YTD
- -21.17%
- 6M
- -18.62%
- 1Y
- -16.69%
- 3Y*
- -22.80%
- 5Y*
- -15.28%
- 10Y*
- -28.88%
SOXS
- 1D
- -5.03%
- 1M
- -62.97%
- YTD
- -92.10%
- 6M
- -91.70%
- 1Y
- -97.75%
- 3Y*
- -86.64%
- 5Y*
- -79.66%
- 10Y*
- -78.92%
DRV vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -21.17% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -51.70% | 5.07% | -17.10% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.10% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Correlation
The correlation between DRV and SOXS is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2010 | 0.40 |
Over the past year, the correlation between DRV and SOXS has dropped to 0.17 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
DRV vs. SOXS — Risk / Return Rank
DRV
SOXS
DRV vs. SOXS - 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 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.
| DRV | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.57 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.58 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -1.00 | +0.44 |
| Martin ratioReturn relative to average drawdown | -1.24 | -1.44 | +0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRV | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | -0.96 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.74 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.46 | -0.79 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.68 | -0.79 | +0.11 |
Drawdowns
DRV vs. SOXS - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, roughly equal to the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for DRV and SOXS.
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Drawdown Indicators
| DRV | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -100.00% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -30.02% | -97.68% | +67.66% |
Max Drawdown (3Y)Largest decline over 3 years | -70.74% | -99.80% | +29.06% |
Max Drawdown (5Y)Largest decline over 5 years | -73.26% | -99.97% | +26.71% |
Max Drawdown (10Y)Largest decline over 10 years | -97.31% | -100.00% | +2.69% |
Current DrawdownCurrent decline from peak | -99.99% | -100.00% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -92.60% | -5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.53% | 68.64% | -55.11% |
Volatility
DRV vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bear 3x Shares (DRV) is 11.51%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.22%. This indicates that DRV 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
| DRV | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.51% | 44.22% | -32.71% |
Volatility (6M)Calculated over the trailing 6-month period | 28.83% | 83.94% | -55.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.37% | 102.18% | -61.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.91% | 108.21% | -51.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.65% | 100.48% | -37.83% |
DRV vs. SOXS - Expense Ratio Comparison
Both DRV and SOXS have an expense ratio of 1.08%.
Dividends
DRV vs. SOXS - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 3.56%, less than SOXS's 68.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 3.56% | 2.88% | 4.57% | 5.35% | 0.38% | 0.00% | 0.58% | 1.71% | 0.42% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 68.34% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
DRV and SOXS have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.22%) compared to DRV (11.51%). In terms of maximum drawdown, DRV dropped -99.99% vs SOXS's -100.00%.
On 10-year performance, DRV leads with -28.88% vs -78.92% for SOXS. Both ETFs have the same 1.08% expense ratio. On volatility, DRV has been the lower-risk option at 11.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DRV has performed better with a -28.88% return vs -78.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRV and SOXS have the same expense ratio: 1.08% per year.
SOXS has the higher dividend yield at 68.34%, compared with 3.56% for DRV.
DRV is categorized as REIT, while SOXS is Leveraged Equities. DRV tracks MSCI US REIT Index (-300%), while SOXS tracks PHLX Semiconductor Index (-300%).
DRV currently has the higher Sharpe Ratio (-0.41 vs -0.96), 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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