DUSL vs. SOXS
DUSL (Direxion Daily Industrials Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both Leveraged Equities funds from Direxion - DUSL tracks the Industrials Select Sector Index (300%) while SOXS tracks the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 5 years, DUSL returned 17.84%/yr vs -79.66%/yr for SOXS. At a correlation of -0.59, they often move in opposite directions. DUSL charges 1.01%/yr vs 1.08%/yr for SOXS.
Performance
DUSL vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, DUSL achieves a 31.08% return, which is significantly higher than SOXS's -92.10% return.
DUSL
- 1D
- 0.10%
- 1M
- 4.49%
- YTD
- 31.08%
- 6M
- 34.15%
- 1Y
- 56.97%
- 3Y*
- 48.85%
- 5Y*
- 17.84%
- 10Y*
- —
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%
DUSL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DUSL Direxion Daily Industrials Bull 3X Shares | 31.08% | 37.50% | 34.75% | 37.23% | -31.17% | 60.72% | -19.77% | 90.70% | -46.28% | 48.29% |
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% | -55.56% |
Correlation
The correlation between DUSL and SOXS is -0.56, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.61 |
Correlation (All Time) Calculated using the full available price history since May 4, 2017 | -0.59 |
The correlation between DUSL and SOXS has been stable across timeframes, ranging from -0.61 to -0.56 - a consistent structural relationship.
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Return for Risk
DUSL vs. SOXS — Risk / Return Rank
DUSL
SOXS
DUSL vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Industrials Bull 3X Shares (DUSL) 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.
| DUSL | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +5.77 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.58 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | -1.00 | +2.70 |
| Martin ratioReturn relative to average drawdown | 5.71 | -1.44 | +7.14 |
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
| DUSL | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | -0.96 | +2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | -0.74 | +1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | -0.79 | +1.08 |
Drawdowns
DUSL vs. SOXS - Drawdown Comparison
The maximum DUSL drawdown since its inception was -85.74%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for DUSL and SOXS.
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Drawdown Indicators
| DUSL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.74% | -100.00% | +14.26% |
Max Drawdown (1Y)Largest decline over 1 year | -33.68% | -97.68% | +64.00% |
Max Drawdown (3Y)Largest decline over 3 years | -50.86% | -99.80% | +48.94% |
Max Drawdown (5Y)Largest decline over 5 years | -58.43% | -99.97% | +41.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -12.12% | -100.00% | +87.88% |
Average DrawdownAverage peak-to-trough decline | -22.00% | -92.60% | +70.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.01% | 68.64% | -58.63% |
Volatility
DUSL vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Industrials Bull 3X Shares (DUSL) is 14.46%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.22%. This indicates that DUSL 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
| DUSL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.46% | 44.22% | -29.76% |
Volatility (6M)Calculated over the trailing 6-month period | 38.89% | 83.94% | -45.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.89% | 102.18% | -55.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.51% | 108.21% | -55.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.55% | 100.48% | -38.93% |
DUSL vs. SOXS - Expense Ratio Comparison
DUSL has a 1.01% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
DUSL vs. SOXS - Dividend Comparison
DUSL's dividend yield for the trailing twelve months is around 8.74%, less than SOXS's 68.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DUSL Direxion Daily Industrials Bull 3X Shares | 8.74% | 11.39% | 6.61% | 1.28% | 0.66% | 0.07% | 0.48% | 1.01% | 1.46% | 0.57% |
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% | 0.00% |
Frequently Asked Questions
DUSL and SOXS have a correlation of -0.56, 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 DUSL (14.46%). In terms of maximum drawdown, DUSL dropped -85.74% vs SOXS's -100.00%.
On 5-year performance, DUSL leads with 17.84% vs -79.66% for SOXS. On fees, DUSL is cheaper at 1.01% per year. On volatility, DUSL has been the lower-risk option at 14.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DUSL has performed better with a 17.84% return vs -79.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DUSL is cheaper with a 1.01% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 68.34%, compared with 8.74% for DUSL.
DUSL tracks Industrials Select Sector Index (300%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.01% for DUSL and 1.08% for SOXS.
DUSL currently has the higher Sharpe Ratio (1.22 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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