DVYE vs. SOXL
Compare and contrast key facts about iShares Emerging Markets Dividend ETF (DVYE) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
DVYE and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DVYE is a passively managed fund by iShares that tracks the performance of the Dow Jones Emerging Markets Select Dividend Index. It was launched on Feb 23, 2012. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both DVYE and SOXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DVYE or SOXL.
Performance
DVYE vs. SOXL - Performance Comparison
Returns By Period
In the year-to-date period, DVYE achieves a 9.75% return, which is significantly higher than SOXL's -13.13% return. Over the past 10 years, DVYE has underperformed SOXL with an annualized return of 1.53%, while SOXL has yielded a comparatively higher 30.71% annualized return.
DVYE
9.75%
-3.04%
-1.24%
16.98%
0.94%
1.53%
SOXL
-13.13%
-22.68%
-44.81%
19.70%
14.56%
30.71%
Key characteristics
| DVYE | SOXL | |
|---|---|---|
| Sharpe Ratio | 1.05 | 0.13 |
| Sortino Ratio | 1.59 | 0.89 |
| Omega Ratio | 1.19 | 1.11 |
| Calmar Ratio | 0.62 | 0.19 |
| Martin Ratio | 3.96 | 0.41 |
| Ulcer Index | 4.15% | 31.83% |
| Daily Std Dev | 15.63% | 100.74% |
| Max Drawdown | -47.42% | -90.46% |
| Current Drawdown | -13.60% | -62.06% |
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DVYE vs. SOXL - Expense Ratio Comparison
DVYE has a 0.49% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Correlation
The correlation between DVYE and SOXL is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
DVYE vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Dividend ETF (DVYE) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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.
Dividends
DVYE vs. SOXL - Dividend Comparison
DVYE's dividend yield for the trailing twelve months is around 8.66%, more than SOXL's 1.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 8.66% | 9.05% | 9.90% | 7.31% | 5.27% | 5.97% | 5.69% | 4.81% | 4.56% | 6.52% | 4.51% | 4.59% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.13% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% | 0.00% |
Drawdowns
DVYE vs. SOXL - Drawdown Comparison
The maximum DVYE drawdown since its inception was -47.42%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for DVYE and SOXL. For additional features, visit the drawdowns tool.
Volatility
DVYE vs. SOXL - Volatility Comparison
The current volatility for iShares Emerging Markets Dividend ETF (DVYE) is 4.99%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 26.83%. This indicates that DVYE experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.