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 Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, DRV returned -27.93%/yr vs -78.06%/yr for SOXS. Their 0.39 correlation means their historical movements had little consistent relationship. 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 -31.44% return, which is significantly higher than SOXS's -91.17% return. Over the past 10 years, DRV has outperformed SOXS with an annualized return of -27.93%, while SOXS has yielded a comparatively lower -78.06% 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%
SOXS
- 1D
- 0.65%
- 1M
- 20.33%
- 6M
- -85.96%
- YTD
- -91.17%
- 1Y
- -96.46%
- 3Y*
- -84.46%
- 5Y*
- -78.46%
- 10Y*
- -78.06%
- ALL TIME*
- -70.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.36M | $3.03M | $2.54M | |
| $3.72B | $3.43B | $3.32B |
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 | -31.44% | -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 | -91.17% | -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 -0.01, 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. | 0.18 |
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 SOXS shifts across timeframes, from -0.01 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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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.
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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.74 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.98 | +0.25 |
| Martin ratioReturn relative to average drawdown | -1.49 | -1.35 | -0.14 |
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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 | -37.53% | -97.89% | +60.36% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | -99.87% | +25.98% |
Max Drawdown (5Y)Largest decline over 5 years | -76.13% | -99.98% | +23.85% |
Max Drawdown (10Y)Largest decline over 10 years | -97.60% | -100.00% | +2.40% |
Current DrawdownCurrent decline from peak | -99.99% | -100.00% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -92.65% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.46% | 71.27% | -52.81% |
Volatility
DRV vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bear 3x Shares (DRV) is 13.26%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 55.41%. 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 | 13.26% | 55.41% | -42.15% |
Volatility (6M)Calculated over the trailing 6-month period | 33.11% | 117.32% | -84.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.46% | 132.87% | -90.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.15% | 114.55% | -57.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.84% | 103.76% | -40.92% |
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 3.94%, less than SOXS's 41.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 41.84% | 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 -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (55.41%) compared to DRV (13.26%). In terms of maximum drawdown, DRV dropped -99.99% vs SOXS's -100.00%.
On 10-year performance, DRV leads with -27.93% vs -78.06% for SOXS. Both ETFs have the same 1.08% expense ratio. 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, DRV has performed better with a -27.93% return vs -78.06%. 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 41.84%, compared with 3.94% for DRV.
DRV is categorized as REIT, while SOXS is Inverse Equities. DRV tracks MSCI US REIT Index (-300%), while SOXS tracks PHLX Semiconductor Index (-300%).
DRV currently has the higher Sharpe Ratio (-0.66 vs -0.73), 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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