DUSL vs. SOXS
DUSL (Direxion Daily Industrials Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - DUSL is a Leveraged Equities fund tracking the Industrials Select Sector Index (300%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 5 years, DUSL returned 23.61%/yr vs -80.66%/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 53.24% return, which is significantly higher than SOXS's -94.09% return.
DUSL
- 1D
- 6.82%
- 1M
- 16.12%
- YTD
- 53.24%
- 6M
- 45.94%
- 1Y
- 83.22%
- 3Y*
- 51.98%
- 5Y*
- 23.61%
- 10Y*
- —
SOXS
- 1D
- -11.03%
- 1M
- -41.63%
- YTD
- -94.09%
- 6M
- -93.81%
- 1Y
- -97.64%
- 3Y*
- -87.76%
- 5Y*
- -80.66%
- 10Y*
- -79.95%
DUSL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DUSL Direxion Daily Industrials Bull 3X Shares | 53.24% | 37.50% | 34.75% | 37.23% | -31.17% | 60.72% | -19.77% | 90.70% | -46.28% | 47.58% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -94.09% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -56.06% |
Correlation
The correlation between DUSL and SOXS is -0.55, 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 | -0.55 |
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 3, 2017 | -0.59 |
The correlation between DUSL and SOXS has been stable across timeframes, ranging from -0.61 to -0.55 - 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.
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.
| DUSL | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.51 | ||
| Sortino ratioReturn per unit of downside risk | +5.57 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.64 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | -1.00 | +3.48 |
| Martin ratioReturn relative to average drawdown | 8.16 | -1.51 | +9.67 |
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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% | -97.88% | +64.20% |
Max Drawdown (3Y)Largest decline over 3 years | -50.86% | -99.87% | +49.01% |
Max Drawdown (5Y)Largest decline over 5 years | -58.43% | -99.98% | +41.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | -100.00% | +100.00% |
Average DrawdownAverage peak-to-trough decline | -21.90% | -92.61% | +70.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.24% | 64.48% | -54.24% |
Volatility
DUSL vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Industrials Bull 3X Shares (DUSL) is 19.73%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 65.23%. 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 | 19.73% | 65.23% | -45.50% |
Volatility (6M)Calculated over the trailing 6-month period | 41.92% | 100.97% | -59.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.00% | 117.61% | -67.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.00% | 111.53% | -58.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.66% | 102.14% | -40.48% |
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 7.37%, less than SOXS's 62.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DUSL Direxion Daily Industrials Bull 3X Shares | 7.37% | 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 | 62.55% | 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 -0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (65.23%) compared to DUSL (19.73%). In terms of maximum drawdown, DUSL dropped -85.74% vs SOXS's -100.00%.
On 5-year performance, DUSL leads with 23.61% vs -80.66% for SOXS. On fees, DUSL is cheaper at 1.01% per year. On volatility, DUSL has been the lower-risk option at 19.73%. 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 23.61% return vs -80.66%. 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 62.55%, compared with 7.37% for DUSL.
DUSL is categorized as Leveraged Equities, while SOXS is Inverse Equities. 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 (1.68 vs -0.83), 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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