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 -28.03%/yr vs -78.71%/yr for SOXS. At a 0.39 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 -29.68% return, which is significantly higher than SOXS's -92.43% return. Over the past 10 years, DRV has outperformed SOXS with an annualized return of -28.03%, while SOXS has yielded a comparatively lower -78.71% 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%
SOXS
- 1D
- 13.97%
- 1M
- -0.35%
- 6M
- -89.79%
- YTD
- -92.43%
- 1Y
- -96.62%
- 3Y*
- -85.78%
- 5Y*
- -79.45%
- 10Y*
- -78.71%
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 | -29.68% | -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 | -92.43% | -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 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 | 0.01 |
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 correlation between DRV and SOXS has dropped to 0.01 - well below their long-term average of 0.39, 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.
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 | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.70 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.99 | +0.26 |
| Martin ratioReturn relative to average drawdown | -1.50 | -1.43 | -0.07 |
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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 | -34.33% | -97.89% | +63.56% |
Max Drawdown (3Y)Largest decline over 3 years | -72.55% | -99.87% | +27.32% |
Max Drawdown (5Y)Largest decline over 5 years | -74.91% | -99.98% | +25.07% |
Max Drawdown (10Y)Largest decline over 10 years | -97.48% | -100.00% | +2.52% |
Current DrawdownCurrent decline from peak | -99.99% | -100.00% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -97.76% | -92.63% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.61% | 67.54% | -50.93% |
Volatility
DRV vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bear 3x Shares (DRV) is 15.36%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 66.39%. 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 | 15.36% | 66.39% | -51.03% |
Volatility (6M)Calculated over the trailing 6-month period | 33.01% | 108.48% | -75.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.85% | 125.48% | -82.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.20% | 113.09% | -55.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 102.91% | -40.09% |
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 3.84%, less than SOXS's 48.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 48.83% | 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 (66.39%) compared to DRV (15.36%). In terms of maximum drawdown, DRV dropped -99.99% vs SOXS's -100.00%.
On 10-year performance, DRV leads with -28.03% vs -78.71% for SOXS. Both ETFs have the same 1.08% expense ratio. 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, DRV has performed better with a -28.03% return vs -78.71%. 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 48.83%, compared with 3.84% 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 (-0.58 vs -0.77), 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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